Davis & Weber Counties Canal Co
- Assets
- $75.1m
- Revenue
- $8.2m
- Investments
- $2.5m
- Employees
- 15
- Location
- Sunset, UT
- Founding
- 07/1923
- Data as of
- 10/2021
- EIN
- 87-0127940
Organization Overview
Davis & Weber Counties Canal Co is located in Sunset, UT. The organization was established in 1923. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Davis & Weber Counties Canal Co employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis & Weber Counties Canal Co 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, Davis & Weber Counties Canal Co generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $5.8m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. 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
THE ORGANIZATION PROVIDES IRRIGATION AND SECONDARY WATER TO ITS MEMBERS THROUGHOUT PARTS OF WEBER AND DAVIS COUNTIES IN UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER WAS PROVIDED TO THE MEMBERS FOR AGRICULTURAL AND SECONDARY USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Smith Manager | Officer | 20 | $61,432 |
Kayleen Meikle Secretary | Officer | 27 | $42,233 |
Scott Paxman President | OfficerTrustee | 0.5 | $1,500 |
Grant Cooper Vice President | OfficerTrustee | 0.5 | $1,500 |
Jay Ritchie Trustee | Trustee | 0.5 | $1,500 |
Robert Whiteley Trustee | Trustee | 0.5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,170 |
| 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 | $216,170 |
| Total Program Service Revenue | $7,854,972 |
| Investment income | $59,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,211,591 |
| 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. | $166,813 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,600 |
| Pension plan accruals and contributions | $100,600 |
| Other employee benefits | $127,231 |
| Payroll taxes | $73,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,597 |
| Fees for services: Accounting | $28,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,619 |
| Advertising and promotion | $0 |
| Office expenses | $44,156 |
| Information technology | $12,216 |
| Royalties | $0 |
| Occupancy | $9,261 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,316,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,889,920 |
| Insurance | $96,450 |
| All other expenses | $16,939 |
| Total functional expenses | $5,820,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,115,165 |
| Savings and temporary cash investments | $2,913,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,820 |
| 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 | $298,578 |
| Net Land, buildings, and equipment | $60,107,547 |
| Investments—publicly traded securities | $2,990,115 |
| Investments—other securities | $2,469,324 |
| Investments—program-related | $0 |
| Intangible assets | $2,001,153 |
| Other assets | $0 |
| Total assets | $75,121,489 |
| Accounts payable and accrued expenses | $1,753,910 |
| Grants payable | $0 |
| Deferred revenue | $2,500,000 |
| 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 | $35,591,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,845,859 |
| Net assets without donor restrictions | $35,275,630 |
| Net assets with donor restrictions | $0 |
| 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 | $75,121,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Falls Canal Company Twin Falls, ID | $15,506,404 | $6,312,715 |
Western National Parks Association Tucson, AZ | $16,969,884 | $10,617,011 |
Davis & Weber Counties Canal Co Sunset, UT | $75,121,489 | $8,211,591 |
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Ramah In The Rockies Denver, CO | $14,278,108 | $2,853,813 |
Fort Lyon Canal Company Las Animas, CO | $20,042,880 | $3,412,269 |
Aberdeen-Springfield Canal Co Aberdeen, ID | $4,973,666 | $3,199,383 |
Big Wood Canal Company Shoshone, ID | $14,862,261 | $3,464,114 |
Doney Park Water Flagstaff, AZ | $8,658,378 | $2,522,367 |
Bear River Canal Co Tremonton, UT | $6,239,998 | $2,499,568 |
Durango Municipal Recreation Inc Durango, CO | $1,828,686 | $1,727,631 |