Settlement Canyon Irrigation Company
- Assets
- $1.3m
- Revenue
- $390.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Tooele, UT
- Founding
- 12/1981
- Data as of
- 10/2022
- EIN
- 87-0329208
Organization Overview
Settlement Canyon Irrigation Company is located in Tooele, UT. The organization was established in 1981. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2022, Settlement Canyon Irrigation Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Settlement Canyon 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 10/2022, Settlement Canyon Irrigation Company generated $390.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $379.0k during the year ending 10/2022. While expenses have increased by 10.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL IRRIGATION COMPANY PROVIDING SECONDARY WATER TO THOSE WHO OWN WATER RIGHTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A MUTAL IRRIGATION COMPANY, WE PROVIDE SECONDARY WATER FROM OUR RESERVOIR TO THOSE PARTICIPANTS WHO OWN WATER SHARES AND HAVE A VALID CONNECTION TO THE COMPANY'S PIPELINE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clegg President | Officer | 2 | $0 |
Ned Bevan Board Member | Officer | 2 | $0 |
Mike Mccoy Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $313,774 |
| Investment income | $1,961 |
| 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 | $390,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,089 |
| Fees for services: Accounting | $4,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,861 |
| Advertising and promotion | $1,262 |
| Office expenses | $766 |
| Information technology | $4,084 |
| Royalties | $0 |
| Occupancy | $21,414 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $520 |
| Interest | $12,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,343 |
| Insurance | $4,483 |
| All other expenses | $0 |
| Total functional expenses | $378,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,206 |
| Savings and temporary cash investments | $6,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $390,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,275,238 |
| Accounts payable and accrued expenses | $2,128 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $609,970 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $612,098 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $663,140 |
| Total liabilities and net assets/fund balances | $1,275,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
Mohave Electric Cooperative Inc Bullhead City, AZ | $252,184,313 | $80,080,972 |
High Plains Power Inc Riverton, WY | $149,704,644 | $74,809,988 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |
Yampa Valley Electric Association Inc Steamboat Springs, CO | $179,531,578 | $73,016,013 |
Central Valley Electric Cooperative Inc Artesia, NM | $226,227,506 | $68,455,177 |
Lower Valley Energy Inc Afton, WY | $312,114,980 | $67,991,433 |
Continental Divide Electric Cooperative Inc Grants, NM | $145,895,673 | $62,421,523 |
Navopache Electric Cooperative Incorporated Lakeside, AZ | $154,873,942 | $59,797,465 |
San Isabel Electric Association Inc Pueblo, CO | $183,301,456 | $59,570,758 |
Kit Carson Electric Cooperative Inc Taos, NM | $152,640,645 | $60,631,894 |