Sevier Valley Canal Company
- Assets
- $217.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Richfield, UT
- Founding
- 06/1945
- Data as of
- 12/2022
- EIN
- 87-0174557
Organization Overview
Sevier Valley Canal Company is located in Richfield, UT. The organization was established in 1945. 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 12/2022, Sevier Valley Canal Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sevier Valley 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, Sevier Valley Canal Company generated $116.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $95.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. 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
PROVIDED MANAGEMENT AND MAINTENANCE OF WATER DISTRIBUTION FACILITIES; DELIVERED WATER TO USERS/SHAREHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Barney Sec/treasure | 1 | $5,212 | |
Trevor Van Nosdol Director | 1 | $0 | |
Dj Ence Director | 4 | $0 | |
Kade Nielson Director | 1 | $0 | |
Clint Fullmer Director | 1 | $0 | |
Dustin Christensen President/di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $84,796 |
| Investment income | $35 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $31,848 |
| Total Revenue | $116,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,739 |
| Professional fees and other payments to independent contractors | $3,790 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $1,073 |
| Other expenses | $64,009 |
| Total expenses | $95,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $191,548 |
| Other assets | $0 |
| Total assets | $217,481 |
| Total liabilities | $15,463 |
| Net assets or fund balances | $202,018 |
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 |