Nordic Mountain Water Inc
- Assets
- $2.2m
- Revenue
- $457.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden, UT
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 87-0539725
Organization Overview
Nordic Mountain Water Inc is located in Eden, UT. The organization was established in 2007. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nordic Mountain Water Inc 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 12/2021, Nordic Mountain Water Inc generated $457.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $270.9k during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF CULINARY WATER FOR THE NORDIC MOUNTAIN VALLEY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF CULINARY WATER FOR THE NORDIC MOUNTAIN VALLEY AREA
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 |
|---|---|---|---|
Bill Green President | OfficerTrustee | 1 | $900 |
Mark Rubey Treasurer | OfficerTrustee | 1 | $900 |
Steve Walker Secretary | OfficerTrustee | 1 | $900 |
Elizabeth Keswick Vice President | OfficerTrustee | 1 | $900 |
Frank Richins Member | Trustee | 1 | $375 |
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 | $456,956 |
| Investment income | $509 |
| 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 | $457,465 |
| 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. | $3,975 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,913 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,610 |
| Advertising and promotion | $0 |
| Office expenses | $6,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,294 |
| Travel | $148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,226 |
| Insurance | $2,287 |
| All other expenses | $2,638 |
| Total functional expenses | $270,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,575 |
| Savings and temporary cash investments | $237,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640 |
| 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 | $1,810,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,000 |
| Total assets | $2,230,850 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,244,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,244,436 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $42,010 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $944,404 |
| Total liabilities and net assets/fund balances | $2,230,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Idaho Farm Bureau Federation Inc Pocatello, ID | $16,974,633 | $6,412,454 |
Utah Farm Bureau Federation Sandy, UT | $9,901,276 | $4,013,704 |
Wool Trust Foundation Centennial, CO | $2,341,215 | $3,264,496 |
Arizona Farm Bureau Federation Gilbert, AZ | $12,596,150 | $2,905,635 |
Colorado Farm Bureau Centennial, CO | $9,886,340 | $2,127,778 |
United Food And Commercial Workers International Union Albuquerque, NM | $1,995,366 | $2,027,859 |
Beet Sugar Development Foundation Denver, CO | $2,212,262 | $1,379,671 |
Arizona Dairy Herd Improvement Assoc Tempe, AZ | $448,141 | $1,472,504 |
Southwest Livestock Show Inc Cedar City, UT | $322,808 | $1,114,326 |
Arizona Conference Of Police And Sheriffs Inc Tucson, AZ | $1,527,418 | $895,794 |
Wyoming Agriculture In The Classroom Cheyenne, WY | $6,276,890 | $2,132,719 |