Bear River Reservoir Company
- Assets
- $286.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yampa, CO
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 84-0465290
Organization Overview
Bear River Reservoir Company is located in Yampa, CO. The organization was established in 1957. 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. Bear River 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 12/2022, Bear River Reservoir Company generated $78.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $40.8k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
FOUNDATION'S PURPOSE IS TO PROMOTE WATER CONSERVATION AND PROVIDE IRRIGATION WATER TO MEMBERS VIA ASSESSMENT TO EACH MEMBER BASED ON THEIR PRO-RATA SHAREOF EXPENSES. GRANT FUNDS USED FOR IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Snyder Director | 1 | $0 | |
Gary Clyncke Vice-President | 1 | $0 | |
Richard Clyncke Sec-Treas | 1 | $0 | |
John V Redmond President | 2 | $0 | |
Ren Martyn Director | 1 | $0 | |
Craig Haverly Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $47,620 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $26 |
| Total Revenue | $78,912 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,206 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,787 |
| Total expenses | $40,793 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,744 |
| Other assets | $0 |
| Total assets | $286,383 |
| Total liabilities | $0 |
| Net assets or fund balances | $286,383 |
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