Overview
What is Weldon Valley Ditch Co?
Weldon Valley Ditch Co is a mutual ditch company located in Weldona, Colorado. Established with a mission to deliver water for irrigation purposes, the company serves 65 shareholders who collectively own 640 shares. The company's primary activity involves maintaining the ditch, which includes tasks such as removing trees and weeds, repairing retaining walls and gates, and hauling in necessary materials to upkeep the ditch bank. With a dedicated team of one employee, Weldon Valley Ditch Co works diligently to ensure the efficient delivery of water to its shareholders, contributing to the irrigation of their farmlands.
Is Weldon Valley Ditch Co legitimate?
Weldon Valley Ditch Co is a legitimate nonprofit organization registered as a 501(c)(12) entity. Weldon Valley Ditch Co 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: $15,400
For more financial information, click here
What is the mission statement of Weldon Valley Ditch Co?
Weldon Valley Ditch Company, as a mutual organization, is established to supply water to its 65 shareholders. Its primary mission is to divert water from the South Platte River, which is then utilized for irrigating farms. This water distribution benefits the 65 landowners who hold shares in the company, amounting to 640 shares in total. The company's activities also include maintaining the ditch system, ensuring the removal of trees and weeds, repairing retaining walls and gates, and hauling in necessary materials to preserve the ditch bank. In essence, Weldon Valley Ditch Company works to deliver and sustain a reliable water supply for its shareholders, thus supporting the irrigation needs of their farms.
What is the revenue of Weldon Valley Ditch Co?
Weldon Valley Ditch Co's revenue in 2024 was $98,118.
Who are the executives of Weldon Valley Ditch Co and what are their salaries?
The average compensation at Weldon Valley Ditch Co during 2024 was $15,400. There is 1 employee at Weldon Valley Ditch Co.
Here are 6 key members and their salaries:
- Compensation: $15,400
- Related: $0
- Other: $0
- Compensation: $6,200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
Where can I find the form 990 for Weldon Valley Ditch Co?
Weldon Valley Ditch Co's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Weldon Valley Ditch Co
Weldon Valley Ditch Company, a mutual ditch organization, is established with the primary mission of delivering water to its 65 shareholders. This mission is achieved by diverting water from the South Platte River. The company's purpose is to ensure that the 65 users, who own 640 shares in the company, have an ample supply of water for irrigating their farms. To fulfill this mission, the company undertakes various activities, such as maintenance of the ditch. This includes the removal of trees and weeds, repair of retaining walls and gates, and the hauling in of materials to maintain the ditch bank. These efforts are crucial in ensuring the ditch remains functional and efficient, enabling the company to deliver water to its shareholders effectively. In summary, Weldon Valley Ditch Company's mission is to provide water to its shareholders for irrigation purposes by diverting water from the South Platte River and maintaining the ditch infrastructure.
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Impact
October, 2024
Weldon Valley Ditch Co plays a crucial role in managing and distributing water to its shareholders, which directly supports agricultural activities in the Weldona area of Colorado. By diverting water from the South Platte River, the company ensures a reliable irrigation supply for local farms, impacting food production and security for the community. Its commitment to system maintenance—including the removal of trees and weeds, repairing infrastructure, and maintaining ditch banks—further enhances water delivery efficiency and sustainability. This not only benefits the 65 users who own shares but also contributes to the overall agricultural economy in the region, fostering a productive environment for farming and food production.
This information is meant to be a general summary of Weldon Valley Ditch 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 2024.
- Investment Income: $814
- Program Service Revenue: $95,962
- Gross Receipts: $98,118
Assets and Liabilities:
- Total Assets: $416,936
- Total Liabilities: $80,273
- Net Assets: $336,663
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Organization Details
Founding Year
1881
Principal Officer
Rick Lorenzini
NTEE Category
Code: K20 - Food
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