Wadsworth Ditch Company
- Assets
- $69.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arvada, CO
- Founding
- 04/1972
- Data as of
- 12/2023
- EIN
- 84-0616368
Organization Overview
Wadsworth Ditch Company is located in Arvada, CO. The organization was established in 1972. 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. Wadsworth Ditch 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 12/2023, Wadsworth Ditch Company generated $56.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $27.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
DELIVERED IRRIGATION WATER TO SHAREHOLDERS WITH WATER RIGHTS. PROTECTED DITCH FROM MODIFICATIONS OR DAMAGE THROUGH LICENSE AGREEMENTS WITH DEVELOPERS AND CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Schnabel President | 4 | $6,000 | |
Steven Nesladek Vice President | 2 | $0 | |
Mary Rogers Director | 1 | $0 | |
Chris Jandro Director | 1 | $0 | |
Laura Wrede Secretary/treasurer | 6 | $7,800 | |
William Claxton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,750 |
| Membership dues | $49,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,950 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,989 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,753 |
| Printing, publications, postage, and shipping | $400 |
| Other expenses | $4,319 |
| Total expenses | $27,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,997 |
| Other assets | $0 |
| Total assets | $69,494 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,494 |