Twin Lakes Reservoir And Canal Company

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

EIN: 840339856 ✦ Ordway, CO ✦ Designated as a 501(c)(12)

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Overview

What is Twin Lakes Reservoir And Canal Company?

Twin Lakes Reservoir and Canal Company, located at 331 Main Street, Ordway, Colorado, is a nonprofit organization primarily dedicated to the storage and distribution of irrigation water. Their mission is to serve the mutual benefit of their stockholders, ensuring an adequate water supply for their agricultural needs. With a team of six employees, the company plays a significant role in the local community, contributing to the irrigation infrastructure and promoting sustainable agricultural practices.

Is Twin Lakes Reservoir And Canal Company legitimate?

Twin Lakes Reservoir And Canal Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Twin Lakes Reservoir And Canal 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: $157,890

For more financial information, click here

What is the mission statement of Twin Lakes Reservoir And Canal Company?

The Twin Lakes Reservoir and Canal Company's primary mission is to facilitate the storage and distribution of irrigation water, serving the mutual advantage of its shareholders. This organization plays a crucial role in ensuring an adequate water supply for irrigation purposes, thereby benefiting the shareholders financially. The company's activities are geared towards managing and distributing water resources effectively, contributing to the overall prosperity of its stockholders.

Who is the CEO of Twin Lakes Reservoir And Canal Company?

Kalsoum Abbasa is the President of Twin Lakes Reservoir And Canal Company.

What is the revenue of Twin Lakes Reservoir And Canal Company?

Twin Lakes Reservoir And Canal Company's revenue in 2022 was $1,546,486.

Who are the executives of Twin Lakes Reservoir And Canal Company and what are their salaries?

The average compensation at Twin Lakes Reservoir And Canal Company during 2022 was $26,315. There are 6 employees at Twin Lakes Reservoir And Canal Company.


Here are 5 key members and their salaries:


Kim Gortz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Ward (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kalsoum Abbasa (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Kienitz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Cobb (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Twin Lakes Reservoir And Canal Company?

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

Mission Statement of Twin Lakes Reservoir And Canal Company

Twin Lakes Reservoir And Canal Company, as a mutual benefit organization, is dedicated to ensuring the provision and distribution of irrigation water. This mission serves the interest of its stockholders, aiming to utilize the company's resources effectively for their collective advantage. The company's purpose is to store and distribute water for irrigation purposes, thereby enhancing the agricultural productivity and well-being of its stockholders. By managing the water supply in a responsible and efficient manner, Twin Lakes Reservoir And Canal Company contributes to the overall prosperity of its stakeholders.

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Impact




October, 2024

Twin Lakes Reservoir and Canal Company plays a crucial role in the storage and distribution of irrigation water, benefiting its stockholders in the Ordway, Colorado area. By ensuring a reliable water supply for agricultural purposes, the company supports local farming operations, enhancing food production and contributing to the region's agricultural economy. The company's efforts help stabilize water availability, which is essential for effective irrigation practices, ultimately promoting sustainable agricultural development and food security for the community. Its mission aligns with the broader goal of fostering mutual benefit among stakeholders while facilitating responsible water management in a vital agricultural region.




This information is meant to be a general summary of Twin Lakes Reservoir And 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.

Revenue
$1,546,486 (2022)
Expenses
$855,600 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $521
  • Program Service Revenue: $1,492,309
  • Gross Receipts: $1,546,486

Assets and Liabilities:

  • Total Assets: $11,636,095
  • Total Liabilities: $10,968
  • Net Assets: $11,625,127

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Programs

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

Stockholder Assessments

Revenue

$1,492,309

Organization Details

Founding Year

1897

Principal Officer

Kalsoum Abbasa

Main Address

331 Main Street, ORDWAY, CO, 810630008

NTEE Category

Code: K20 - Food

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