Pleasant Grove Irrigation Company
- Assets
- $623.5k
- Revenue
- $372.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Pleasant Grove, UT
- Founding
- Data as of
- 12/2022
- EIN
- 87-0165385
Organization Overview
Pleasant Grove Irrigation Company is located in Pleasant Grove, UT. 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. As of 12/2022, Pleasant Grove Irrigation Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pleasant Grove Irrigation 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 12/2022, Pleasant Grove Irrigation Company generated $372.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $226.9k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE, PROTECT, SELL, DISTRIBUTE WATER RIGHTS AND ACCESS IN THE PLEASANT GROVE UTAH GEOGRAPHIC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASING, PROTECTING, AND ASSESSING WATER RIGHTS AND CHANNELS IN THE PLEASANT GROVE, UTAH AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bezzant President | Officer | $0 | |
Alicia Redding Secretary/tr | Officer | $0 | |
Billie Joe Allgood Water Master | Trustee | $0 | |
Randy Fowles Board Member | Trustee | $0 | |
Don Wadley Board Memebe | Trustee | $0 | |
Britton Tveten Board Member | Trustee | $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 | $372,346 |
| Investment income | $0 |
| 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 | $372,346 |
| 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 | $44,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,659 |
| All other expenses | $2,313 |
| Total functional expenses | $226,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,632 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,528 |
| Accounts payable and accrued expenses | $95,700 |
| 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 | $0 |
| Other liabilities | $1,315 |
| Total liabilities | $97,015 |
| Net assets without donor restrictions | $526,513 |
| 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 | $623,528 |
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|---|---|---|
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Utah Lake Water Users Association Inc Salt Lake City, UT | $13,896,223 | $719,672 |
Oquirrh Mountain Water Company North Salt Lake, UT | $10,266,390 | $445,867 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Richmond Irrigation & Power Company Richmond, UT | $5,381,853 | $298,527 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Mountain View Irrigation Inc Ogden, UT | $3,700,524 | $1,322,470 |
Leehammond Water Treatment Plant Bloomfield, NM | $0 | $477,941 |
Lower Logan Well Users Inc Sterling, CO | $491,673 | $451,948 |
Mapleton Irrigation Company Springville, UT | $2,602,435 | $813,808 |