Left Hand Ditch Co
- Assets
- $5.5m
- Revenue
- $714.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Niwot, CO
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 84-0478128
Organization Overview
Left Hand Ditch Co is located in Niwot, CO. The organization was established in 1992. 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 12/2023, Left Hand Ditch Co employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Left Hand 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 12/2023, Left Hand Ditch Co generated $714.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $478.5k during the year ending 12/2023. 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
THE COMPANY OWNS, OPERATES AND MAINTAINS A SYSTEM OF DISTRIBUTION OF IRRIGATION WATER TO ITS MEMBERS WHO ARE PRIMARILY AGRICULTURAL USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE IRRIGATION SERVICES TO MEMBERS
PROVIDE IRRIGATION SERVICES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schlagel President | OfficerTrustee | 10 | $1,200 |
Joel Schaap Vice President | OfficerTrustee | 5 | $1,200 |
Corey Heil Treasurer | OfficerTrustee | 5 | $1,200 |
Ron Sutherland Director | OfficerTrustee | 5 | $1,200 |
Steven Meyrich Secretary | Trustee | 5 | $1,200 |
Terry Plummer Superintendent | Officer | 40 | $99,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,225 |
| 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 | $53,225 |
| Total Program Service Revenue | $575,366 |
| Investment income | $1,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,000 |
| 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 | $714,079 |
| 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. | $99,006 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,855 |
| Payroll taxes | $8,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,091 |
| Fees for services: Accounting | $9,089 |
| 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 | $1,593 |
| Information technology | $3,433 |
| Royalties | $0 |
| Occupancy | $10,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,759 |
| Insurance | $17,536 |
| All other expenses | $31,238 |
| Total functional expenses | $478,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,190 |
| Savings and temporary cash investments | $396,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,543 |
| 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 | $588,140 |
| Net Land, buildings, and equipment | $4,347,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,756 |
| Other assets | $0 |
| Total assets | $5,474,479 |
| Accounts payable and accrued expenses | $95,499 |
| 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 | $2,402,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,497,979 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,202 |
| Paid-in or capital surplus, or land, building, or equipment fund | $204,675 |
| Retained earnings, endowment, accumulated income, or other funds | $2,766,623 |
| Total liabilities and net assets/fund balances | $5,474,479 |