The Lake Canal Reservoir Company

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

EIN: 840658691 ✦ Severance, CO ✦ Designated as a 501(c)(12)

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Overview

What is The Lake Canal Reservoir Company?

The Lake Canal Reservoir Company, situated in Severance, Colorado, is a public-serving entity. Operating in a public sector or cooperative capacity, or potentially with ties to the veteran community, its primary objective is centered around the transportation of water. This nonprofit organization plays a vital role in ensuring the reliable delivery of water resources to its community.

Is The Lake Canal Reservoir Company legitimate?

The Lake Canal Reservoir Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. The Lake Canal 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 The Lake Canal Reservoir Company?

The Lake Canal Reservoir Company, as a public sector or cooperative entity, is dedicated to the transportation of water. Their primary objective is to facilitate the movement of water, serving an undisclosed geographical area. The company's mission is geared towards ensuring a reliable water supply for various purposes, contributing to the overall well-being and sustainability of the communities it serves. The Lake Canal Reservoir Company strives to maintain an efficient water transportation system, ensuring the timely delivery of water to its intended recipients. The organization may also be involved in water conservation and management initiatives, aiming to preserve this vital resource for future generations.

Who is the CEO of The Lake Canal Reservoir Company?

Rodney Nelson is the Director of The Lake Canal Reservoir Company.

What is the revenue of The Lake Canal Reservoir Company?

The Lake Canal Reservoir Company's revenue in 2021 was $255,662.

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

There is 1 employee at The Lake Canal Reservoir Company.


Here are 5 key members and their salaries:


Justin Green (Director)
  • Compensation: $40,712
  • Related: $0
  • Other: $0
Rodney Nelson (President -)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Byron Collins (Director)
  • Compensation: $590
  • Related: $0
  • Other: $0
Alden Hill (S/T - Direct)
  • Compensation: $590
  • Related: $0
  • Other: $0
Greg Stieben (Vice Preside)
  • Compensation: $590
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Lake Canal Reservoir Company?

The Lake Canal Reservoir Company's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of The Lake Canal Reservoir Company

The Lake Canal Reservoir Company, serving as a public sector, public cooperative, or veteran organization, is committed to an essential mission: the transportation of water. This mission is a vital contribution to various communities, ensuring a reliable supply of water for various purposes. The organization's primary focus is on moving water, a crucial resource for numerous daily activities and community needs. The Lake Canal Reservoir Company's mission is pivotal in ensuring a steady water supply, contributing significantly to the well-being and daily operations of the communities it serves.

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Impact




October, 2024

The Lake Canal Reservoir Company plays a crucial role in the transportation of water in Severance, Colorado. By managing water resources effectively, it ensures that local agricultural, residential, and commercial needs are met. Its efforts contribute to sustainable water management in the region, supporting both economic development and environmental conservation. The company’s operations help to maintain an adequate supply of water, which is vital for irrigation, recreation, and community wellbeing. Ultimately, its impact extends to enhancing the quality of life for residents and fostering a healthy ecosystem in the area.




This information is meant to be a general summary of The Lake Canal 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
$255,662 (2021)
Expenses
$120,159 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $1,063
  • Program Service Revenue: $237,719
  • Gross Receipts: $255,662

Assets and Liabilities:

  • Total Assets: $1,024,541
  • Total Liabilities: $429,563
  • Net Assets: $594,978

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Programs

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

AUGMENTATION WATER

Revenue

$205,019

ASSESSMENT ON STOCK

Revenue

$31,925

CERTIFICATE TRANSFER FEE

Revenue

$750

LATE FEE

Revenue

$25

Organization Details

Founding Year

1902

Principal Officer

Rodney Nelson

Main Address

207 WINDFLOWER WAY, SEVERANCE, CO, 80550

NTEE Category

Code: W00 - Public benefit

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