Lake Henry Reservoir Company

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

EIN: 840398754 ✦ Ordway, CO ✦ Designated as a 501(c)(12)

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Overview

What is Lake Henry Reservoir Company?

Lake Henry Reservoir Company is a cooperative enterprise, established in Ordway, Colorado, with the primary mission of managing and distributing irrigation water for the collective benefit of its stockholders. Based at 331 Main Street, this organization strives to ensure a reliable water supply for its members, contributing to their agricultural and livelihood activities. By providing this essential service, Lake Henry Reservoir Company strengthens its community, fostering mutual growth and sustainability.

Is Lake Henry Reservoir Company legitimate?

Lake Henry Reservoir Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Henry 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: $0

For more financial information, click here

What is the mission statement of Lake Henry Reservoir Company?

The Lake Henry Reservoir Company's primary objective is to serve its shareholders by ensuring the storage and distribution of irrigation water. This is done with the collective benefit of the company's stockholders in mind. The company's activities are centered around this mission, aiming to manage and distribute water resources effectively for agricultural purposes. The company's operations are focused on maximizing the mutual advantages of its shareholders, thereby contributing to the overall success of the organization.

Who is the CEO of Lake Henry Reservoir Company?

Kalsoum Abbasi is the Director of Lake Henry Reservoir Company.

What is the revenue of Lake Henry Reservoir Company?

Lake Henry Reservoir Company's revenue in 2022 was $164,064.

Who are the executives of Lake Henry Reservoir Company and what are their salaries?


Here are 5 key members and their salaries:


Kim Gortz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Bauer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kalsoum Abbasi (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 Lake Henry Reservoir Company?

Lake Henry Reservoir Company's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lake Henry Reservoir Company

Lake Henry Reservoir Company, as a mutual benefit organization, is dedicated to ensuring the storage and distribution of irrigation water for the advantage of its stockholders. By managing this essential resource, the company aims to contribute positively to the agricultural needs and productivity of its shareholders. By providing an effective irrigation system, Lake Henry Reservoir Company supports the agricultural endeavors of its stockholders, ultimately fostering a mutually beneficial relationship.

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Impact




October, 2024

Lake Henry Reservoir Company plays a crucial role in supporting agricultural productivity in the Ordway, Colorado area by providing essential irrigation water storage and distribution. By ensuring a reliable water supply, the company enhances the ability of local farmers to cultivate crops effectively, which contributes to the food supply and economic sustainability of the region. The mutual benefit to the stockholders translates into improved yields and farming efficiency, fostering a stronger agricultural community. The reservoir's management of water resources helps meet the irrigation needs of its stakeholders, ultimately promoting agricultural resilience and supporting the local economy.




This information is meant to be a general summary of Lake Henry 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
$164,064 (2022)
Expenses
$83,288 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $35
  • Program Service Revenue: $152,449
  • Gross Receipts: $164,064

Assets and Liabilities:

  • Total Assets: $1,431,156
  • Total Liabilities: $13,016
  • Net Assets: $1,418,140

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Programs

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

Agriculture forestry hunting and fishing

Revenue

$152,449

Organization Details

Founding Year

1950

Principal Officer

Kalsoum Abbasi

Main Address

331 MAIN ST, ORDWAY, CO, 81063

NTEE Category

Code: K20 - Food

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