Overview
What is Park Reservoir Company?
Park Reservoir Company is a nonprofit organization based in Sheridan, Wyoming, specifically at 1811 S Sheridan Ave. Their primary mission is to manage the Park Reservoir, supplying water to its shareholders. The company meticulously maintains records and oversees the condition of the dam, ensuring that water distribution adheres to the guidelines set by its board of directors. During the irrigation season, the company distributed approximately 8,800 acre-feet of water to its 90 shareholders, proportionally, based on their 8,000 shares. With a small workforce of three individuals, Park Reservoir Company serves its local community by managing this vital water resource.
Is Park Reservoir Company legitimate?
Park Reservoir Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Park 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,541
For more financial information, click here
What is the mission statement of Park Reservoir Company?
The Park Reservoir Company's primary mission is to manage the reservoir, ensuring the provision of water to its shareholders. The company maintains meticulous records and regularly monitors the condition of the dam. It releases water according to the guidelines established by its board of directors. During the irrigation season, the company distributed approximately 8,800 acre-feet of water, distributing it proportionately based on the number of shares owned by each shareholder.
Who is the CEO of Park Reservoir Company?
Mike Connell is the Director of Park Reservoir Company.
What is the revenue of Park Reservoir Company?
Park Reservoir Company's revenue in 2022 was $55,130.
Who are the executives of Park Reservoir Company and what are their salaries?
The average compensation at Park Reservoir Company during 2022 was $6,514. There are 3 employees at Park Reservoir Company.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Park Reservoir Company?
Park Reservoir Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Reservoir Company
Park Reservoir Company, in its mission, is responsible for managing the Park Reservoir. This organization's primary objective is to supply water to its shareholders. To achieve this, the company maintains comprehensive records, diligently monitors the condition of the dam, and releases water as per the guidelines set by its Board of Directors. The company's role in managing the water distribution is vital, ensuring an equitable distribution of approximately 8800 acre-feet of water during the irrigation season, based on the number of shares each shareholder holds. This distribution is conducted meticulously, with 90 shareholders benefiting from 8000 shares. The Park Reservoir Company plays a crucial role in ensuring a consistent water supply to its shareholders, thus contributing to their overall well-being.
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Impact
October, 2024
The Park Reservoir Company plays a crucial role in water management for its shareholders, effectively overseeing the distribution of approximately 8,800 acre-feet of water during the irrigation season. With a shareholder base of 90 individuals holding a total of 8,000 shares, the company ensures that water resources are allocated fairly and efficiently. The organization actively maintains records of water usage, monitors the condition of the dam, and regulates water release, all in accordance with the directives set forth by its Board of Directors. This systematic approach not only supports agricultural needs but also contributes significantly to the local food production landscape in Sheridan, Wyoming, enhancing the sustainability and reliability of water access for its stakeholders.
This information is meant to be a general summary of Park 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16
- Program Service Revenue: $55,114
- Gross Receipts: $55,130
Assets and Liabilities:
- Total Assets: $748,819
- Total Liabilities: $35
- Net Assets: $748,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$55,114
Organization Details
Founding Year
1909
Phone
(307) 672-0785Principal Officer
Mike Connell
Main Address
1811 S SHERIDAN AVE, SHERIDAN, WY, 82801
NTEE Category
Code: K20 - Food
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