Davis & Weber Counties Canal Co
- Assets
- $78.1m
- Revenue
- $11.6m
- Investments
- $2.3m
- Employees
- 15
- Location
- Sunset, UT
- Founding
- 07/1923
- Data as of
- 10/2022
- 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 10/2022, 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 10/2022, Davis & Weber Counties Canal Co generated $11.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.6m during the year ending 10/2022. 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
2022
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 | $64,953 |
Kayleen Meikle Secretary | Officer | 27 | $44,400 |
Scott Paxman President | OfficerTrustee | 0.5 | $1,484 |
Rodney Banks Trustee | Trustee | 0.5 | $1,375 |
Robert Whiteley Vice President | OfficerTrustee | 0.5 | $1,375 |
Jon Green Trustee | Trustee | 0.5 | $1,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,414,698 |
| 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 | $3,414,698 |
| Total Program Service Revenue | $7,962,757 |
| Investment income | $130,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,581,854 |
| 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. | $176,976 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,901 |
| Pension plan accruals and contributions | $118,514 |
| Other employee benefits | $153,615 |
| Payroll taxes | $81,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,752 |
| Fees for services: Accounting | $28,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,668 |
| Advertising and promotion | $0 |
| Office expenses | $42,666 |
| Information technology | $11,258 |
| Royalties | $0 |
| Occupancy | $9,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $665,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,948,426 |
| Insurance | $106,265 |
| All other expenses | $3,472 |
| Total functional expenses | $5,576,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,963,602 |
| Savings and temporary cash investments | $2,514,811 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,553 |
| 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 | $323,521 |
| Net Land, buildings, and equipment | $62,939,188 |
| Investments—publicly traded securities | $2,447,774 |
| Investments—other securities | $2,332,304 |
| Investments—program-related | $0 |
| Intangible assets | $2,001,153 |
| Other assets | $0 |
| Total assets | $78,097,906 |
| Accounts payable and accrued expenses | $1,114,520 |
| Grants payable | $0 |
| Deferred revenue | $2,600,000 |
| 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 | $33,901,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,615,981 |
| Net assets without donor restrictions | $40,481,925 |
| 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 | $78,097,906 |