Sevier Valley Canal Company
- Assets
- $202.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Richfield, UT
- Founding
- 06/1945
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Sevier Valley Canal Company generated $114.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $127.8k during the year ending 12/2023. 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
PROVIDE MANAGEMENT & MAINTENANCE OF WATER DISTRIBUTION FACILITIES; DELIVERED WATER TO USERS/SHAREHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Christensen President/director | 4 | $2,000 | |
Rachel Barney Secretary/treasurer | 1 | $5,862 | |
Trevor Van Nosdol Director | 1 | $0 | |
Dj Ence Director | 1 | $200 | |
Kade Nielson Director | 1 | $0 | |
Clint Fullmer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $89,112 |
| Investment income | $676 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24,720 |
| Total Revenue | $114,508 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,877 |
| Professional fees and other payments to independent contractors | $3,286 |
| Occupancy, rent, utilities, and maintenance | $7,250 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $93,405 |
| Total expenses | $127,818 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $186,956 |
| Other assets | $0 |
| Total assets | $202,171 |
| Total liabilities | $13,463 |
| Net assets or fund balances | $188,708 |