Mapleton Irrigation Company

Organization Overview

Mapleton Irrigation Company is located in Springville, 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 12/2023, Mapleton Irrigation Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mapleton 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 12/2023, Mapleton Irrigation Company generated $503.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $373.4k during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THIS COMPANY IS A MUTUAL BENEFIT CORPORATION ORGANIZED TO DEVELOP, DIVERT, STORE, AND DISTRIBUTE WATER WITHIN ITS DEFINED SERVICE AREA LOCATED IN UTAH COUNTY, STATE OF UTAH, TO ITS SHAREHOLDERS FOR DOMESTIC USE, IRRIGATION, AND OTHER USEFUL AND BENEFICIAL PURPOSES; TO ACQUIRE AND HOLD THE WATER RIGHTS TAKEN UP FOR DOMESTIC USE AND IRRIGATION OF THE LANDS UNDER THAT SYSTEM, AND TO ACQUIRE, CONSTRUCT, HOLD, OPERATE AND MAINTAIN WELLS, WATER LINES, DIVERSION WORKS, CANALS, DITCHES, RESERVOIRS, AND CONSTRUCT, HOLD, OPERATE AND MAINTAIN WELLS, WATER LINES, DIVERSION WORKS, CANALS, DITCHES, RESERVOIRS, AND OTHER FACILITIES, INCLUDING FIRE-FIGHTING EQUIPMENT, AS MAY BE DEEMED DESIRABLE TO THE FUNCTIONING OF THAT SYSTEM; TO DO ANY AND ALL THINGS NECESSARY OR PROPER TO BE DONE IN MANAGING AND CONTROLLING THAT SYSTEM AND CONDUCTING THE BUSINESS OF SUPPLYING ITS SHAREHOLDERS WITH WATER; AND TO FIX, CHARGE AND COLLECT FROM ITS SHAREHOLDERS TOLLS, RENTALS, ASSESSMENTS AND MAINTENANCE CHARGES FOR TH

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION RECEIVES FINANCIAL SUPPORT, BEGINNING WITH THE LARGEST SOURCE, FOR THE PRESENT AND FORESEEABLE FUTURE IS AS FOLLOWS: PERCENT ANNUAL SHAREHOLDER DUES & FEES: 86.00 OTHER REVENUE: 14.00


THE ORGANIZATION RECEIVES FINANCIAL SUPPORT, BEGINNING WITH THE LARGEST SOURCE, FOR THE PRESENT AND FORESEEABLE FUTURE IS AS FOLLOWS: PERCENT ANNUAL SHAREHOLDER DUES & FEES: 86.00 OTHER REVENUE: 14.00


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Board, Officers & Key Employees

Name (title)Compensation
Riley Snow
Attorney
$11,400
Hal Black
Board Member
$1,200
David Fuller
Board Member
$1,200
Scott Jeffers
Board Member
$1,200
Ron Jensen
Board Member
$1,200
Rolf Walpole
Board Member
$1,200

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$427,350
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$427,350
Total Program Service Revenue$0
Investment income $8,261
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 $502,993

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