Bear River Canal Co
- Assets
- $6.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Tremonton, UT
- Founding
- 04/1982
- Data as of
- 09/2022
- EIN
- 87-0359764
Organization Overview
Bear River Canal Co is located in Tremonton, UT. The organization was established in 1982. 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 09/2022, Bear River Canal Co employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear River Canal Co 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 09/2022, Bear River Canal Co generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.8m during the year ending 09/2022. While expenses have increased by 5.2% 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
TO PROVIDE RESOURCES NECESSARY FOR MAINTENANCE AND LABOR OF IRRIGATION SYSTEMS AND SUPPLY WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESOURCES NECESSARY FOR MAINTEANCE AND LABOR OF IRRIGATION SYSTEM AND SUPPLY WATER TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hardy President | Trustee | 1 | $0 |
Charles Holmgren Vice Preside | Trustee | 1 | $0 |
Bob Roche Secretary | Trustee | 1 | $0 |
Blake Norman Director | Trustee | 1 | $0 |
Jay Capener Director | Trustee | 1 | $0 |
Mitch Hancock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,577 |
| 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 | $448,577 |
| Total Program Service Revenue | $2,051,256 |
| Investment income | $681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,499,568 |
| 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 | $553,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,903 |
| Payroll taxes | $46,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,304 |
| Fees for services: Accounting | $21,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,954 |
| Advertising and promotion | $0 |
| Office expenses | $25,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,694 |
| Insurance | $52,078 |
| All other expenses | $69,457 |
| Total functional expenses | $1,847,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,250 |
| Savings and temporary cash investments | $1,060,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,079 |
| Prepaid expenses and deferred charges | $11,434 |
| Net Land, buildings, and equipment | $4,657,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,328 |
| Other assets | $98,897 |
| Total assets | $6,239,998 |
| Accounts payable and accrued expenses | $44,505 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,356,582 |
| Other liabilities | $0 |
| Total liabilities | $1,401,087 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,203,753 |
| Paid-in or capital surplus, or land, building, or equipment fund | $832,070 |
| Retained earnings, endowment, accumulated income, or other funds | $1,803,088 |
| Total liabilities and net assets/fund balances | $6,239,998 |
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 |