Panaca Farmstead Association
- Assets
- $3.3m
- Revenue
- $447.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Panaca, NV
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 88-0109920
Organization Overview
Panaca Farmstead Association is located in Panaca, NV. The organization was established in 1973. 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 12/2023, Panaca Farmstead Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panaca Farmstead Association 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, Panaca Farmstead Association generated $447.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $434.3k during the year ending 12/2023. While expenses have increased by 1.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF STATE AND LOCAL INTEREST FOR THE PURPOSE OF PROVIDING ESSENTIAL HUMAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTALLATION, MAINTENANCE AND OPERATION OF A WATER SUPPLY, DISTRIBUTION LINES AND SERVICE LINES TO MEMBERS OF THE ASSOCIATION. INSTALLATION, MAINTENANCE AND OPERATION OF SEWER SERVICES TO MEMBERS.
INSTALLATION, MAINTENANCE AND OPERATION OF A WATER SUPPLY, DISTRIBUTION LINES AND SERVICE LINES TO MEMBERS OF THE ASSOCIATION. INSTALLATION, MAINTENANCE AND OPERATION OF SEWER SERVICES TO MEMBERS.
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 |
|---|---|---|---|
Michael Anderson Board Member | Trustee | $0 | |
Justin Frehner President | OfficerTrustee | $0 | |
Rich Hansen Board Member | OfficerTrustee | $0 | |
Eric Holt Vice Preside | OfficerTrustee | $0 | |
Kim Lee Secretary/tr | Trustee | $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 | $411,127 |
| Investment income | $11,596 |
| 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 | $447,174 |
| 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 | $137,709 |
| Pension plan accruals and contributions | $4,714 |
| Other employee benefits | $0 |
| Payroll taxes | $12,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,763 |
| Insurance | $21,565 |
| All other expenses | $18,288 |
| Total functional expenses | $434,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,946 |
| Savings and temporary cash investments | $569,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,768 |
| Prepaid expenses and deferred charges | $4,851 |
| Net Land, buildings, and equipment | $2,619,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,282,634 |
| Accounts payable and accrued expenses | $6,244 |
| 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 | $0 |
| Other liabilities | $10,381 |
| Total liabilities | $16,625 |
| 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 | $76,396 |
| Retained earnings, endowment, accumulated income, or other funds | $3,189,613 |
| Total liabilities and net assets/fund balances | $3,282,634 |