Overview
What is Colorado Canal Company?
The Colorado Canal Company, situated in Ordway, Colorado, is a nonprofit organization with a primary mission to facilitate the distribution of irrigation water. This mutual benefit is extended to the company's stockholders. The company's operations encompass the storage and subsequent distribution of irrigation water, ensuring the prosperity of its shareholders. With a modest workforce of 10 employees, the Colorado Canal Company plays a crucial role in managing water resources for agricultural purposes in the region.
Is Colorado Canal Company legitimate?
Colorado Canal Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Colorado 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: $418,888
For more financial information, click here
What is the mission statement of Colorado Canal Company?
The Colorado Canal Company's mission is centered around providing irrigation water service. This is done with the primary objective of benefiting its shareholders collectively. The company's activities involve the storage and subsequent distribution of irrigation water, ensuring the mutual advantage of its stockholders. This mission serves to uphold the company's role in supplying essential water resources for various agricultural and related purposes.
What is the revenue of Colorado Canal Company?
Colorado Canal Company's revenue in 2024 was $1,009,475.
Who are the executives of Colorado Canal Company and what are their salaries?
The average compensation at Colorado Canal Company during 2024 was $52,361. There are 8 employees at Colorado Canal Company.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $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 Colorado Canal Company?
Colorado Canal Company's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Colorado Canal Company
The Colorado Canal Company, as a mutual benefit organization, is dedicated to ensuring the storage and distribution of irrigation water. This mission is aimed at benefiting its stockholders, who are integral to the company's operations. By providing an efficient irrigation water network, the Colorado Canal Company contributes to the prosperity and growth of its stakeholders, thereby playing a crucial role in their agricultural ventures.
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Impact
October, 2024
The Colorado Canal Company plays a vital role in the agricultural landscape of Ordway, Colorado, by ensuring the effective storage and distribution of irrigation water. This water management is crucial for the mutual benefit of its stockholders, primarily comprising local farmers and landowners. By facilitating reliable access to irrigation water, the company supports agricultural productivity, ultimately contributing to food security in the region. Enhanced irrigation practices enable farmers to cultivate their crops efficiently, leading to increased yields and sustainability in local food production. The Colorado Canal Company’s operations are essential for the livelihoods of those who rely on agriculture, fostering a stronger agricultural community in Colorado.
This information is meant to be a general summary of Colorado 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: $766
- Program Service Revenue: $1,007,098
- Gross Receipts: $1,009,475
Assets and Liabilities:
- Total Assets: $1,581,291
- Total Liabilities: $27,690
- Net Assets: $1,553,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Stockholder Assessments
Revenue
$1,007,098
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1972
Principal Officer
Scott Lorenz
NTEE Category
Code: K20 - Food
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