Consolidated Peoples Ditch Company
- Assets
- $10.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Farmersville, CA
- Founding
- 01/1945
- Data as of
- 11/2023
- EIN
- 94-0401798
Organization Overview
Consolidated Peoples Ditch Company is located in Farmersville, CA. The organization was established in 1945. 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 11/2023, Consolidated Peoples Ditch Company employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated Peoples Ditch 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 11/2023, Consolidated Peoples Ditch Company generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $3.4m during the year ending 11/2023. 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
TRANSPORTATION AND DELIVERY OF IRRIGATION WATER TO MEMBER SHAREHOLDERS AND MAINTENANCE OF THE WATERWAYS USED FOR THIS FUNCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION AND DELIVERY OF IRRIGATION WATER TO MEMBER SHAREHOLDERS AND MAINTENANCE OF THE WATERWAYS USED FOR THIS FUNCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Silva General Manager | 40 | $171,337 | |
Joe V Cardoza III President | OfficerTrustee | 0 | $0 |
Matt Hutcheson Vice President | OfficerTrustee | 0 | $0 |
Ken Curti Director | Trustee | 0 | $0 |
Tom Lang Director | Trustee | 0 | $0 |
Marty Toomey Sec/treas | OfficerTrustee | 0 | $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 | $2,150,986 |
| Investment income | $181,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$140,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,456,172 |
| 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. | $177,120 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $947,200 |
| Pension plan accruals and contributions | $81,330 |
| Other employee benefits | $205,693 |
| Payroll taxes | $85,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,124 |
| Fees for services: Accounting | $16,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,344 |
| Advertising and promotion | $300 |
| Office expenses | $79,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,667 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $161,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,887 |
| Insurance | $71,254 |
| All other expenses | $378,821 |
| Total functional expenses | $3,399,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,281 |
| Savings and temporary cash investments | $5,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,354 |
| 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 | $17,538 |
| Net Land, buildings, and equipment | $3,194,602 |
| Investments—publicly traded securities | $6,316,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,048 |
| Total assets | $10,468,803 |
| Accounts payable and accrued expenses | $92,656 |
| 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 | $2,336,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,260,227 |
| Total liabilities | $4,689,478 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $197,441 |
| Paid-in or capital surplus, or land, building, or equipment fund | $14,244 |
| Retained earnings, endowment, accumulated income, or other funds | $5,567,640 |
| Total liabilities and net assets/fund balances | $10,468,803 |