Pondera County Canal And Reservoir Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810244871 ✦ Valier, MT ✦ Designated as a 501(c)(12)

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Overview

What is Pondera County Canal And Reservoir Company?

Pondera County Canal and Reservoir Company is a nonprofit organization situated in Valier, Montana. With a primary focus on irrigation, the company maintains Swift Dam and an extensive network of canals, diversions, and dam structures, spanning over 500 miles. This intricate system delivers water to its 380 shareholders, contributing to the irrigation of approximately 65,000 acres of land annually. The company's mission is to develop, operate, and maintain this irrigation system to serve its member's needs effectively, ensuring the continuous operation and maintenance of their canal system. With a workforce of 18 individuals, Pondera County Canal and Reservoir Company plays a significant role in supporting agricultural activities in the region.


Official website here: www.ponderacanalcompany.com

Is Pondera County Canal And Reservoir Company legitimate?

Pondera County Canal And Reservoir Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pondera County Canal And Reservoir Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $148,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $537,675

For more financial information, click here


Official website here: www.ponderacanalcompany.com

What is the mission statement of Pondera County Canal And Reservoir Company?

The Pondera County Canal and Reservoir Company's mission is centered around managing an irrigation system for its members. Specifically, their goal is to develop, operate, and maintain this irrigation system effectively. This company plays a crucial role in maintaining the Swift Dam, over 500 miles of canals, numerous diversions, and two dam structures on Lake Frances. The primary function of this organization is to deliver water to its 380 shareholders, contributing to the irrigation of approximately 65,000 acres of land in 2022.


Official website here: www.ponderacanalcompany.com

Who is the CEO of Pondera County Canal And Reservoir Company?

Cole Peebles is the Manager of Pondera County Canal And Reservoir Company.


Official website here: www.ponderacanalcompany.com

What is the revenue of Pondera County Canal And Reservoir Company?

Pondera County Canal And Reservoir Company's revenue in 2022 was $2,834,415.


Official website here: www.ponderacanalcompany.com

Who are the executives of Pondera County Canal And Reservoir Company and what are their salaries?

The average compensation at Pondera County Canal And Reservoir Company during 2022 was $38,112. There are 18 employees at Pondera County Canal And Reservoir Company.


Here are 6 key members and their salaries:


Jerry Johns (President)
  • Compensation: $1,830
  • Related: $0
  • Other: $0
Kyle Dean (Vice-President)
  • Compensation: $1,619
  • Related: $0
  • Other: $0
Cory Crawford (Secretary/Treasurer)
  • Compensation: $1,473
  • Related: $0
  • Other: $0
Tanner Johnson (Director)
  • Compensation: $1,575
  • Related: $0
  • Other: $0
Shawn Vermulm (Director)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Cole Peebles (Manager)
  • Compensation: $112,337
  • Related: $0
  • Other: $27,709


Official website here: www.ponderacanalcompany.com

Where can I find the form 990 for Pondera County Canal And Reservoir Company?

Pondera County Canal And Reservoir Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ponderacanalcompany.com

Learn more at the official website: www.ponderacanalcompany.com

Mission Statement of Pondera County Canal And Reservoir Company

Pondera County Canal and Reservoir Company, a vital organization, is dedicated to developing, operating, and maintaining an irrigation system for its member shareholders. This mission involves the smooth operation and upkeep of a comprehensive irrigation canal network, including Swift Dam, 500 miles of canals, numerous diversions, and two dam structures on Lake Frances. The primary goal is to deliver water to the 380 shareholders of the company, thereby irrigating approximately 65,000 acres of land annually. This water provision is a crucial aspect of the company's mission, enabling agricultural growth and development in the region. The company's commitment to its members and the land it serves is reflected in its tireless efforts to maintain and improve its irrigation system, ensuring the continued prosperity of the agricultural community.

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Impact




October, 2024

The Pondera County Canal and Reservoir Company plays a crucial role in supporting agriculture and ensuring water access in the region. By operating and maintaining an extensive irrigation canal system, including Swift Dam, 500 miles of canals, and two dam structures on Lake Frances, the company facilitates effective water delivery to its 380 shareholders. In 2022 alone, approximately 65,000 acres of land were irrigated through the company's efforts, which underscores its significant impact on local farming productivity and water management. This infrastructure not only supports agricultural activities but also contributes to the overall economic stability of the Valier, Montana area. The company's operations are essential for fostering mutual benefits among its members, enhancing agricultural resilience, and ensuring sustainable water use in the community.




This information is meant to be a general summary of Pondera County Canal And Reservoir Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,834,415 (2022)
Expenses
$2,101,684 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,363
  • Program Service Revenue: $2,631,355
  • Gross Receipts: $2,834,415

Assets and Liabilities:

  • Total Assets: $12,035,294
  • Total Liabilities: $2,641,743
  • Net Assets: $9,393,551

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERS' WATER ASSESSM

Revenue

$2,573,474

REIMBURSEMENTS

Revenue

$57,881

Organization Details

Founding Year

1909

Principal Officer

Cole Peebles

Main Address

PO BOX 245, VALIER, MT, 59486

NTEE Category

Code: Y99 - Mutual benefit

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