Columbia Canal Company
- Assets
- $13.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Firebaugh, CA
- Founding
- 09/1934
- Data as of
- 12/2023
- EIN
- 94-0397350
Organization Overview
Columbia Canal Company is located in Firebaugh, CA. The organization was established in 1934. 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 12/2023, Columbia Canal Company employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Canal 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 12/2023, Columbia Canal Company generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
SUPPLY WATER TO MEMBERS AND MAINTAIN CANAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY WATER TO MEMBERS AND MAINTAIN CANAL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Houk Manager | Officer | 40 | $90,462 |
Michael Gardner Manager | Officer | 40 | $16,923 |
Chris Cardella President | Trustee | 2 | $2,000 |
Shane Burkhart Vice President | Trustee | 2 | $600 |
Ken Samarin Director | Trustee | 2 | $450 |
Kim Brown Director | Trustee | 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 | $1,906,227 |
| Investment income | $182,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,512,680 |
| 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. | $110,435 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,029 |
| Pension plan accruals and contributions | $45,866 |
| Other employee benefits | $124,655 |
| Payroll taxes | $45,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,203 |
| 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 | $60,776 |
| Advertising and promotion | $0 |
| Office expenses | $36,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $488 |
| 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 | $737,385 |
| Insurance | $39,946 |
| All other expenses | $237,788 |
| Total functional expenses | $2,801,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,467 |
| Savings and temporary cash investments | $553,323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,750 |
| Prepaid expenses and deferred charges | $18,613 |
| Net Land, buildings, and equipment | $6,537,036 |
| Investments—publicly traded securities | $5,396,246 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,558 |
| Total assets | $13,619,722 |
| Accounts payable and accrued expenses | $141,239 |
| Grants payable | $0 |
| Deferred revenue | $62,880 |
| 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 | $11,879 |
| Total liabilities | $215,998 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $16,097 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $13,387,627 |
| Total liabilities and net assets/fund balances | $13,619,722 |