Richards Irrigation Co
- Assets
- $174.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 90-0443696
Organization Overview
Richards Irrigation Co is located in Sandy, UT. The organization was established in 2011. 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. Richards Irrigation 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 12/2021, Richards Irrigation Co generated $111.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $101.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Tea Treasurer | 20 | $0 | |
Howard Norton President | 5 | $0 | |
Aaron Tea Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,402 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,402 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,400 |
| Professional fees and other payments to independent contractors | $3,328 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $492 |
| Other expenses | $36,061 |
| Total expenses | $101,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,213 |
| Other assets | $0 |
| Total assets | $174,123 |
| Total liabilities | $1,440 |
| Net assets or fund balances | $172,683 |
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