Fort Lyon Canal Company

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

EIN: 840579583 ✦ Las animas, CO ✦ Designated as a 501(c)(12)

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Overview

What is Fort Lyon Canal Company?

The Fort Lyon Canal Company, situated in Las Animas, Colorado, is a mutual irrigation company that operates with a primary objective. This objective involves providing irrigation water for the land owned by its stockholders. To accomplish this, the company engages in activities such as storing and distributing irrigation water, ensuring the mutual benefit of its shareholders. With a team of 18 dedicated individuals, the Fort Lyon Canal Company plays a significant role in supporting agricultural activities in the area.


Official website here: www.flcc.net

Is Fort Lyon Canal Company legitimate?

Fort Lyon Canal Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Lyon 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: $29,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $729,343

For more financial information, click here


Official website here: www.flcc.net

What is the mission statement of Fort Lyon Canal Company?

The Fort Lyon Canal Company's mission is centered around providing irrigation water for the mutual benefit of its shareholders. This company serves to store and distribute water, ensuring that the land owned by its stockholders can effectively utilize this essential resource. The company operates with the collective interest of its shareholders in mind, working towards the optimal use of irrigation water for their lands.


Official website here: www.flcc.net

Who is the CEO of Fort Lyon Canal Company?

Rex Davis is the President of Fort Lyon Canal Company.


Official website here: www.flcc.net

What is the revenue of Fort Lyon Canal Company?

Fort Lyon Canal Company's revenue in 2023 was $3,506,172.


Official website here: www.flcc.net

Who are the executives of Fort Lyon Canal Company and what are their salaries?

The average compensation at Fort Lyon Canal Company during 2023 was $42,150. There are 18 employees at Fort Lyon Canal Company.


Here are 5 key members and their salaries:


Rex Davis (President)
  • Compensation: $10,572
  • Related: $0
  • Other: $0
Wesley Eck (Vice President)
  • Compensation: $21,261
  • Related: $0
  • Other: $0
Kim Siefkas (Treasurer)
  • Compensation: $6,306
  • Related: $0
  • Other: $0
Burt Heckman (Secretary)
  • Compensation: $4,974
  • Related: $0
  • Other: $0
Eddie Hall (Director)
  • Compensation: $4,438
  • Related: $0
  • Other: $0


Official website here: www.flcc.net

Where can I find the form 990 for Fort Lyon Canal Company?

Fort Lyon Canal Company's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.flcc.net

Learn more at the official website: www.flcc.net

Mission Statement of Fort Lyon Canal Company

The Fort Lyon Canal Company, as a mutual irrigation company, is committed to providing storage and distribution of irrigation water for the mutual benefit of its stockholders. This mission is aimed at supporting the land ownership of the company's shareholders by ensuring a reliable water supply for their agricultural needs. By managing and distributing irrigation water effectively, the Fort Lyon Canal Company contributes to the prosperity and success of its stockholders' farms and lands.

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Impact




October, 2024

The Fort Lyon Canal Company significantly impacts agriculture and local economies by ensuring the availability of irrigation water for its stockholders. By facilitating the storage and distribution of water, the company supports the cultivation of land owned by its members, which is essential for producing food and sustaining livelihoods. This reliable water supply not only enhances crop yields but also promotes sustainable farming practices, contributing to the overall agricultural productivity in the region. Consequently, the Fort Lyon Canal Company plays a vital role in fostering economic stability and food security for the community in Las Animas, Colorado.




This information is meant to be a general summary of Fort Lyon 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
$3,506,172 (2023)
Expenses
$3,105,436 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $100,970
  • Program Service Revenue: $3,101,624
  • Gross Receipts: $3,506,172

Assets and Liabilities:

  • Total Assets: $20,252,774
  • Total Liabilities: $9,098,284
  • Net Assets: $11,154,490

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Programs

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

Member Assessments

Revenue

$3,101,624

Organization Details

Founding Year

1897

Principal Officer

Rex Davis

Main Address

750 BENT AVE, LAS ANIMAS, CO, 810541730

NTEE Category

Code: K20 - Food

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