Richfield Irrigation Canal Company
- Assets
- $325.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, UT
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 87-0169565
Organization Overview
Richfield Irrigation Canal Company is located in Richfield, UT. The organization was established in 1990. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richfield Irrigation Canal 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 12/2023, Richfield Irrigation Canal Company generated $170.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $176.8k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
MAINTAIN AND MANAGE IRRIGATION WATER DISTRIBUTION TOITS SHAREHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Savage Secretary | 1 | $8,260 | |
Chad Anderson President | 1 | $0 | |
Garn Christensen Vice President | 1 | $0 | |
Chester Johnson Exc Committee Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $163,394 |
| Investment income | $1,098 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,523 |
| Total Revenue | $170,015 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,975 |
| Professional fees and other payments to independent contractors | $717 |
| Occupancy, rent, utilities, and maintenance | $104,829 |
| Printing, publications, postage, and shipping | $964 |
| Other expenses | $22,312 |
| Total expenses | $176,797 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $262,568 |
| Other assets | $0 |
| Total assets | $325,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $325,453 |