Otero Ditch Co
- Assets
- $392.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rocky Ford, CO
- Founding
- 02/1956
- Data as of
- 12/2021
- EIN
- 84-0433772
Organization Overview
Otero Ditch Co is located in Rocky Ford, CO. The organization was established in 1956. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otero Ditch Co 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 12/2021, Otero Ditch Co generated $140.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $85.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO DELIVER IRRIGATION WATER TO APPROXIMATELY 80 SHAREHOLDER FARMERS AND TO MAINTAIN THE CANAL AND RELATED STRUCTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Parrish Vice President | 1 | $0 | |
Preston Whalen Director | 1 | $0 | |
Patricia Ptolemy Secretary | 1 | $0 | |
Kenny Mills President | 3 | $0 | |
Casey Weaver Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $138,802 |
| Investment income | $191 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,453 |
| Total Revenue | $140,446 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,731 |
| Professional fees and other payments to independent contractors | $5,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $64 |
| Other expenses | $69,265 |
| Total expenses | $85,560 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $206,765 |
| Other assets | $0 |
| Total assets | $392,638 |
| Total liabilities | $80,169 |
| Net assets or fund balances | $312,469 |
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