Santa Maria Reservoir Company
- Assets
- $8.7m
- Revenue
- $906.0k
- Investments
- $2.3k
- Employees
- 4
- Location
- Monte Vista, CO
- Founding
- 01/1933
- Data as of
- 10/2023
- 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 10/2023, Santa Maria Reservoir Company employed 4 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 10/2023, Santa Maria Reservoir Company generated $906.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $524.1k during the year ending 10/2023. 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Faucette Director | Trustee | 1 | $0 |
Tyler Neely Director | Trustee | 1 | $0 |
Mark Peterson Director | Trustee | 1 | $0 |
Keith Holland President | OfficerTrustee | 1 | $0 |
Michael Mueller Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $815,860 |
| Investment income | $90,180 |
| 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 | $906,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,915 |
| Pension plan accruals and contributions | $4,507 |
| Other employee benefits | $20,109 |
| Payroll taxes | $11,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,520 |
| Fees for services: Accounting | $8,060 |
| 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 | $2,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,386 |
| Insurance | $21,534 |
| All other expenses | $46,358 |
| Total functional expenses | $524,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,044,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,600 |
| 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 |
| Net Land, buildings, and equipment | $6,580,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,325 |
| Investments—program-related | $0 |
| Intangible assets | $38,584 |
| Other assets | $0 |
| Total assets | $8,668,064 |
| Accounts payable and accrued expenses | $6,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,144 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $540,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $125,506 |
| Retained earnings, endowment, accumulated income, or other funds | $7,996,414 |
| Total liabilities and net assets/fund balances | $8,668,064 |