Overview
What is Farmers Coop Canal Co?
Farmers Coop Canal Co is a nonprofit organization situated in Choteau, Montana. Its primary function is to provide irrigation water for crops to its shareholders. Each shareholder owns an equal portion of the company, and the amount of water they receive is proportionate to their shareholding. The company charges a fee per share to cover its expenses, and it operates on a non-profit basis. The assessments for these fees are calculated based on the financial obligations and wages of the 'ditch rider', an individual responsible for managing the water distribution. The company's mission is to ensure sustainable irrigation for its shareholders, contributing to the agricultural sector in Choteau, MT.
Is Farmers Coop Canal Co legitimate?
Farmers Coop Canal Co is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Coop Canal Co submitted a form 990EZ, 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.
What is the mission statement of Farmers Coop Canal Co?
Farmers Coop Canal Company exists with the primary objective of providing irrigation water for crops to its shareholders. Each shareholder owns a portion of the company and receives an equal allocation of water. The company does not aim to generate profits but charges a fee per share to cover its expenses. The assessment rate is determined based on the company's debts and the wages of its employee, known as the ditch rider. The company's operations are focused solely on supplying water for agricultural purposes and does not engage in any other commercial activities.
Who is the CEO of Farmers Coop Canal Co?
Mike Leys is the President of Farmers Coop Canal Co.
What is the revenue of Farmers Coop Canal Co?
Farmers Coop Canal Co's revenue in 2023 was $34,750.
Who are the executives of Farmers Coop Canal Co and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Farmers Coop Canal Co?
Farmers Coop Canal Co's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Farmers Coop Canal Co
Farmers Coop Canal Company, as a non-profit entity, is committed to supplying irrigation water for the cultivation of crops for its shareholders. Each shareholder owns a portion of the company and is allotted an equal amount of water. The company does not aim for profit but instead charges a fee per share to cover its expenses. The assessment rate is determined by considering the company's debts and the wages of its ditch rider, responsible for maintaining the water supply system. The organization's mission is to ensure a reliable water source for its shareholders, enabling them to cultivate their crops effectively. The company plays a crucial role in supporting agricultural activities, thereby contributing to food production and food security.
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Impact
October, 2024
Farmers Coop Canal Company plays a vital role in supporting agriculture in Choteau, MT, by providing essential irrigation water to its shareholders. Each shareholder owns shares that entitle them to an equal allocation of water, which is crucial for crop production in the region. This cooperative model fosters community involvement, as members are directly engaged in the management and sustainability of their water resources.
By assessing charges per share based on operational needs, Farmers Coop Canal Company ensures that all costs related to maintenance and management are covered while prioritizing the agricultural needs of its members. This approach not only supports local farming but also contributes to the overall food supply chain, enhancing food security within the community.
The company's focus on equitable water distribution underscores its commitment to serving the needs of its shareholders, ensuring that local farmers can efficiently irrigate their crops. As a result, Farmers Coop Canal Company significantly impacts the agricultural landscape of the area, supporting both the economy and the community's well-being.
This information is meant to be a general summary of Farmers Coop Canal Co. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $34,750
Assets and Liabilities:
- Total Assets: $20,565
- Total Liabilities: $0
- Net Assets: $20,565
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Organization Details
Phone
(406) 466-3860Principal Officer
Mike Leys
Main Address
710 20TH ROAD NW, Choteau, MT, 59422
NTEE Category
Code: K20 - Food
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