Richfield Irrigation Canal Company
- Assets
- $332.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, UT
- Founding
- 04/1990
- Data as of
- 12/2022
- 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 12/2022, Richfield Irrigation Canal Company generated $139.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $118.0k during the year ending 12/2022. 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
2022
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 | $7,365 | |
Chad Anderson President | 1 | $0 | |
Garn Christensen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $135,994 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,243 |
| Total Revenue | $139,237 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,777 |
| Professional fees and other payments to independent contractors | $657 |
| Occupancy, rent, utilities, and maintenance | $43,061 |
| Printing, publications, postage, and shipping | $1,232 |
| Other expenses | $27,288 |
| Total expenses | $118,015 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $265,441 |
| Other assets | $0 |
| Total assets | $332,235 |
| Total liabilities | $0 |
| Net assets or fund balances | $332,235 |
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