Mcclave Water Association
- Assets
- $486.3k
- Revenue
- $174.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Mc Clave, CO
- Founding
- 08/1967
- Data as of
- 10/2021
- EIN
- 84-0567009
Organization Overview
Mcclave Water Association is located in Mc Clave, CO. The organization was established in 1967. 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 10/2021, Mcclave Water Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcclave 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 10/2021, Mcclave Water Association generated $174.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $161.8k during the year ending 10/2021. While expenses have increased by 4.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE SUPPLY, STORAGE, AND DISTRIBUTION OF WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES DOMESTIC WATER SERVICE TO440 USERS IN RURAL SOUTHEAST COLORADO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Sykes Secr Treas | Officer | 1 | $0 |
Clint Hemphill Vice Pres | Officer | 1 | $0 |
Kelly Roesch Pres | Officer | 2 | $0 |
Curtis Sniff Director | Trustee | 1 | $0 |
Chad Kiniston Director | Trustee | 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 | $173,747 |
| Investment income | $376 |
| 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 | $174,123 |
| 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 | $33,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,197 |
| Fees for services: Accounting | $1,460 |
| 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 | $1,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,151 |
| Insurance | $5,945 |
| All other expenses | $3,295 |
| Total functional expenses | $161,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,670 |
| Savings and temporary cash investments | $38,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,971 |
| 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 | $390,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $486,275 |
| Accounts payable and accrued expenses | $547 |
| 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 | $143,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $144,316 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $59,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $546,010 |
| Retained earnings, endowment, accumulated income, or other funds | -$263,551 |
| Total liabilities and net assets/fund balances | $486,275 |
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