Overview
What is Pine River Canal Company?
Pine River Canal Company is a nonprofit organization that serves its members by managing and maintaining an irrigation water distribution system. They incur various expenses such as advertising, canal supplies, telephone services, insurance, office expenses, and mileage. The company also has a payroll department and incurs penalties. Additionally, they spend on depreciation and pay for a post office box. Their riders cover a significant number of miles during their operations. In essence, Pine River Canal Company is dedicated to ensuring the smooth and efficient delivery of irrigation water to its members.
Is Pine River Canal Company legitimate?
Pine River Canal Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pine River Canal Company 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,032
For more financial information, click here
What is the mission statement of Pine River Canal Company?
The Pine River Canal Company's primary objective is to manage and maintain an irrigation water distribution system for its members. To achieve this, the company incurs various expenses such as advertising, canal supplies, telephone services, insurance, office expenses, office mileage, payroll, penalties, post office box rental, and travel expenses for its riders. The company collects a fee from its members to cover these costs, with a significant portion going towards insurance and depreciation. While the company does not have a formal mission statement as such, its actions can be inferred to be centered around providing reliable and efficient irrigation services to its members.
What is the revenue of Pine River Canal Company?
Pine River Canal Company's revenue in 2024 was $236,864.
Who are the executives of Pine River Canal Company and what are their salaries?
The average compensation at Pine River Canal Company during 2024 was $19,677. There are 3 employees at Pine River Canal Company.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pine River Canal Company?
Pine River Canal Company's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pine River Canal Company
Pine River Canal Company, in its operation, charges its members for managing and maintaining the irrigation water distribution system. While not explicitly stated, one could infer from its activities that its mission revolves around ensuring the efficient and reliable supply of irrigation water to its members. The company spends funds on various operational expenses, such as advertising, canal supplies, telephone services, insurance, office expenses, and mileage. It also incurs costs related to its payroll, penalties, and a post office box. Moreover, it invests in depreciation expenses, suggesting a commitment to maintaining and upgrading its infrastructure over time. In essence, Pine River Canal Company's mission is to provide and manage a robust irrigation water distribution system for its members, ensuring their agricultural needs are met while also maintaining financial sustainability.
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Impact
October, 2024
Pine River Canal Company plays a crucial role in managing the irrigation water distribution system for its members. By assessing a fee for this service, the company ensures the efficient delivery and maintenance of an essential resource—irrigation water—which is vital for agricultural practices in the area.
The financial operations of the company reflect a commitment to sustaining reliable water distribution. With expenditures including $8,625 on insurance and $4,489 on office mileage, the organization prioritizes the safety and operational efficiency of its services. Moreover, the investment of $545 in canal supplies demonstrates a proactive approach to maintaining the infrastructure necessary for effective water distribution.
Additionally, the company's outreach efforts, though modest with $66 spent on advertising, indicate an intention to engage with its community and promote awareness of its services. The payroll expenses of $1,530 and office costs further illustrate the operational framework required to support its mission.
Through these actions, Pine River Canal Company not only supports local agriculture by providing essential irrigation but also contributes to the economic stability of the Arobles, Colorado area by creating a reliable system for water management. The extensive travel of its riders, totaling 16,512 miles, highlights the commitment to ensuring that water reaches its intended destinations, thus facilitating farming operations that contribute to the local food supply. This comprehensive approach to irrigation management underscores the company's impact on both agriculture and the broader community.
This information is meant to be a general summary of Pine River Canal 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 2024.
- Investment Income: $6,973
- Gross Receipts: $236,864
Assets and Liabilities:
- Total Assets: $417,433
- Total Liabilities: $0
- Net Assets: $417,433
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Organization Details
Principal Officer
Tom Van Soelen
NTEE Category
Code: K20 - Food
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