Granada Water Association is located in Lamar, CO. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Granada Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada Water Association 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, Granada Water Association generated $155.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $160.8k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE SUPPLY, STORAGE, AND DISTRIBUTION OF WATER TO ITS MEMBERS, SERVING 268 PEOPLE WITH 192 TAPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVEDES DOMESTIC WATER SERVICE TO ITS MEMBERS. FEES ARE ASSESSED TO OPERATE A SYSTEM FOR THE DIVERSION, SUPPLY, STORAGE, AND DISTRIBUTION OF WATER. APPROXIMATELY 325 USERS WITH 192 TAPS ARE BEING SERVED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Linda Wilger Secr Teas | Officer | 6 | $18,000 |
Warren Schwab President | Officer | 1 | $0 |
Nolan Thompson Vice Pres | Officer | 1 | $0 |
Ld Weisenhorn Director | Trustee | 1 | $0 |
Natalie Musick Director | Trustee | 1 | $0 |
Zachary Bay Director | Trustee | 1 | $0 |
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 | $154,805 |
Investment income | $600 |
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 | $155,405 |
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 | $34,800 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,072 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,375 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,200 |
Advertising and promotion | $0 |
Office expenses | $756 |
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 | $935 |
Interest | $13,411 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,698 |
Insurance | $3,846 |
All other expenses | $3,669 |
Total functional expenses | $160,763 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $37,915 |
Savings and temporary cash investments | $163,004 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $113 |
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 | $928,058 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,000 |
Total assets | $1,135,090 |
Accounts payable and accrued expenses | $2,026 |
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 | $277,465 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $279,491 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $53,110 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $802,489 |
Total liabilities and net assets/fund balances | $1,135,090 |
Organization Name | Assets | Revenue |
---|---|---|
Rolling Hills Electric Cooperative Inc Beloit, KS | $88,177,317 | $31,017,669 |
Bluestem Electric Cooperative Inc Wamego, KS | $60,019,975 | $18,369,331 |
Utilities Service Alliance Inc Overland Park, KS | $8,902,974 | $4,307,011 |
Pine Meadow Mutual Water Company South Jordan, UT | $4,406,789 | $974,166 |
Logan Well Users Inc Sterling, CO | $1,034,878 | $1,191,850 |
Utah Lake Water Users Association Inc Salt Lake City, UT | $13,896,223 | $719,672 |
Oquirrh Mountain Water Company North Salt Lake, UT | $10,266,390 | $445,867 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Richmond Irrigation & Power Company Richmond, UT | $5,381,853 | $298,527 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Mountain View Irrigation Inc Ogden, UT | $3,700,524 | $1,322,470 |
Leehammond Water Treatment Plant Bloomfield, NM | $0 | $477,941 |