West Meadows Mutual Ditch Company is located in Telluride, CO. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Meadows Mutual 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 12/2021, West Meadows Mutual Ditch Company generated $108.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $119.4k during the year ending 12/2021. While expenses have increased by 6.1% 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
2021
Describe the Organization's Program Activity:
Part 3
WE PROVIDE DITCH MAINTENANCE FOR 21 LOT OWNERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Cornelius President | 2 | $0 | |
John Irwin Vice President | 2 | $0 | |
Eric Undhjem Secretary | 2 | $0 | |
James Hackett Treasurer | 2 | $0 | |
Mac Heller Board Member | 1 | $0 | |
Ed Sheridan Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $108,155 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $108,157 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $39,978 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $79,384 |
Total expenses | $119,362 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,504 |
Other assets | $0 |
Total assets | $4,090 |
Total liabilities | $31,696 |
Net assets or fund balances | -$27,606 |
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