Cottonwood Rural Water Co-Operative
- Assets
- $7.1m
- Revenue
- $568.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Artesia, NM
- Founding
- 03/1988
- Data as of
- 12/2020
- EIN
- 85-0274886
Organization Overview
Cottonwood Rural Water Co-Operative is located in Artesia, NM. The organization was established in 1988. 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 12/2020, Cottonwood Rural Water Co-Operative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood Rural Water Co-Operative 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 12/2020, Cottonwood Rural Water Co-Operative generated $568.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $670.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE WATER SALES AND SERVICE TO RURAL WATER CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATIVE WATER SALES AND SERVICE TO RURAL WATER CUSTOMERS
COOPERATIVE WATER SALES AND SERVICE TO RURAL WATER CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Callaway President | OfficerTrustee | $0 | |
Ross Horner Director | Trustee | $0 | |
Vance Riggs Secretary/tr | OfficerTrustee | $0 | |
George Sanchez Director | Trustee | $0 | |
Jim Townsend Vice Preside | OfficerTrustee | $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 | $543,636 |
| Investment income | $11,633 |
| 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 | $568,641 |
| 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 | $208,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,754 |
| Payroll taxes | $20,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,229 |
| Office expenses | $6,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,544 |
| Travel | $22 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,822 |
| Insurance | $23,974 |
| All other expenses | $11,092 |
| Total functional expenses | $670,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,781 |
| Savings and temporary cash investments | $413,645 |
| Pledges and grants receivable | $13 |
| Accounts receivable, net | $41,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,345 |
| Prepaid expenses and deferred charges | $11,954 |
| Net Land, buildings, and equipment | $6,565,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,128,172 |
| Accounts payable and accrued expenses | $24,571 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,205,759 |
| Other liabilities | $0 |
| Total liabilities | $1,230,330 |
| Net assets without donor restrictions | -$431,313 |
| Net assets with donor restrictions | $6,329,155 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,128,172 |