Santa Maria Reservoir Company
- Assets
- $7.6m
- Revenue
- $1.6m
- Investments
- $2.4k
- Employees
- 3
- Location
- Monte Vista, CO
- Founding
- 01/1933
- Data as of
- 10/2020
- EIN
- 84-0418055
Organization Overview
Santa Maria Reservoir Company is located in Monte Vista, CO. The organization was established in 1933. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2020, Santa Maria Reservoir Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Maria Reservoir Company is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 10/2020, Santa Maria Reservoir Company generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $443.6k during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
STORE AND DELIVER WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION STORES AND DELIVERS WATER FROM THE RIO GRANDE RIVER TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Benton Vice President | OfficerTrustee | 1 | $0 |
Keith Holland President | OfficerTrustee | 1 | $0 |
Michael Mueller Secretary | OfficerTrustee | 1 | $0 |
Richard Mcnitt Director | Trustee | 1 | $0 |
Tyler Fawcett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $16,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,551 |
| Pension plan accruals and contributions | $3,548 |
| Other employee benefits | $15,243 |
| Payroll taxes | $9,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,685 |
| Fees for services: Accounting | $3,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,966 |
| Insurance | $20,954 |
| All other expenses | $0 |
| Total functional expenses | $443,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,496,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,424 |
| Investments—program-related | $0 |
| Intangible assets | $41,938 |
| Other assets | $0 |
| Total assets | $7,620,387 |
| Accounts payable and accrued expenses | $4,306 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $125,506 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $356,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360,762 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $540,000 |
| Total liabilities and net assets/fund balances | $7,259,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Electric Cooperative Inc Ulysses, KS | $284,468,248 | $104,061,245 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Prairie Land Electric Cooperative Inc Norton, KS | $193,607,034 | $87,385,850 |
Victory Electric Cooperative Association Inc Dodge City, KS | $181,839,680 | $85,802,968 |
Northeast Oklahoma Electric Cooperative Inc Vinita, OK | $249,522,381 | $85,761,419 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
Mohave Electric Cooperative Inc Bullhead City, AZ | $252,184,313 | $80,080,972 |
Verdigris Valley Electric Cooperative Incorporated Collinsville, OK | $207,857,115 | $78,783,085 |
Cotton Electric Cooperative Inc Walters, OK | $176,118,552 | $75,743,198 |
High Plains Power Inc Riverton, WY | $149,704,644 | $74,809,988 |
Canadian Valley Electric Cooperative Inc Seminole, OK | $173,885,980 | $69,270,313 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |