Lake Meredith Reservior Company

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

EIN: 846038732 ✦ Ordway, CO ✦ Designated as a 501(c)(12)

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Overview

What is Lake Meredith Reservior Company?

Lake Meredith Reservoir Company is a nonprofit organization situated in Ordway, Colorado. Its primary objective is to facilitate the storage and distribution of irrigation water, serving the mutual benefit of its stockholders. The company's mission is rooted in ensuring the collective advantage of its shareholders by managing water resources effectively. Although not a traditional social service organization, Lake Meredith Reservoir Company plays a significant role in the local community by supporting agricultural activities through the provision of water resources.

Is Lake Meredith Reservior Company legitimate?

Lake Meredith Reservior Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Meredith Reservior 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 Meredith Reservior Company?

The Lake Meredith Reservoir Company's mission is centered around providing a mutual benefit to its shareholders. Specifically, the company focuses on the storage and distribution of irrigation water, a service that is essential for the growth and prosperity of the agricultural sector. This mission underscores the company's commitment to ensuring the sustainable use of water resources and contributing to the economic well-being of its shareholders. By providing reliable irrigation water, the company plays a crucial role in supporting agricultural activities, thereby promoting food security and economic growth in the communities it serves.

Who is the CEO of Lake Meredith Reservior Company?

Kalsoum Abbasi is the Board President of Lake Meredith Reservior Company.

What is the revenue of Lake Meredith Reservior Company?

Lake Meredith Reservior Company's revenue in 2022 was $248,033.

Who are the executives of Lake Meredith Reservior Company and what are their salaries?


Here are 5 key members and their salaries:


Kalsoum Abbasi (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alvin Carter (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Heimerich (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Cobb (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Gortz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lake Meredith Reservior Company?

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

Mission Statement of Lake Meredith Reservior Company

Lake Meredith Reservoir Company, as an organization, is dedicated to serving its stockholders mutually by ensuring the storage and distribution of irrigation water. This mission is crucial in supporting the agricultural needs of the community, thereby benefiting all the shareholders financially and sustainably. The company plays a vital role in managing the water supply, ensuring it is available when needed for irrigation purposes. By providing this essential service, Lake Meredith Reservoir Company contributes to the overall prosperity and success of its shareholders.

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Impact




October, 2024

The Lake Meredith Reservoir Company plays a crucial role in the storage and distribution of irrigation water, directly impacting agricultural productivity in the region. By ensuring reliable access to water for irrigation, the company supports local farmers and stockholders, enhancing their ability to cultivate crops effectively. This contributes not only to the economic stability of the community but also to food production. With a mission focused on mutual benefit, the organization fosters a collaborative environment among its stockholders, promoting sustainable agriculture practices in Ordway, Colorado. Ultimately, the work of the Lake Meredith Reservoir Company is vital for maintaining the health of the local agricultural ecosystem and ensuring food security for the region.




This information is meant to be a general summary of Lake Meredith Reservior 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
$248,033 (2022)
201120122013201420152016201720182019202020212022$0$65,000$130k$195k$260k
Expenses
$134,133 (2022)
201120122013201420152016201720182019202020212022$0$55,000$110k$165k$220k
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $147
  • Program Service Revenue: $243,728
  • Gross Receipts: $248,033

Assets and Liabilities:

  • Total Assets: $3,466,809
  • Total Liabilities: $832,308
  • Net Assets: $2,634,501

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Programs

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

STOCKHOLDER ASSESSMENT

Revenue

$243,728

Organization Details

Founding Year

1907

Principal Officer

Kalsoum Abbasi

Main Address

331 MAIN ST, ORDWAY, CO, 810631302

NTEE Category

Code: K20 - Food

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