Overview
What is Utah Lake Distributing Company?
Utah Lake Distributing Company is a nonprofit organization situated in Orem, Utah. Its primary mission involves delivering irrigation water to its shareholders and maintaining the canals utilized for water distribution. To achieve this, the company assesses the anticipated costs of its operations and maintenance, charging these expenses to its stockholders. The company's operations are limited to this specific role, focusing on ensuring the efficient delivery and upkeep of irrigation water systems. With a small team of one employee, Utah Lake Distributing Company plays a crucial role in supporting agricultural activities in the region by ensuring a reliable supply of irrigation water.
Is Utah Lake Distributing Company legitimate?
Utah Lake Distributing Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Utah Lake Distributing 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: $97,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,581
For more financial information, click here
What is the mission statement of Utah Lake Distributing Company?
Utah Lake Distributing Company is responsible for delivering irrigation water to its shareholders. In addition to this, the company is also responsible for maintaining the canals used for irrigation water delivery. This maintenance involves assessing and charging its shareholders for the anticipated costs of operations and maintenance. Essentially, the company's mission is to ensure a reliable supply of irrigation water and keep the necessary infrastructure in good condition.
Who is the CEO of Utah Lake Distributing Company?
Scott Holbrook is the President of Utah Lake Distributing Company.
What is the revenue of Utah Lake Distributing Company?
Utah Lake Distributing Company's revenue in 2022 was $410,132.
Who are the executives of Utah Lake Distributing Company and what are their salaries?
The average compensation at Utah Lake Distributing Company during 2022 was $125,676. There is 1 employee at Utah Lake Distributing Company.
Here are 7 key members and their salaries:
- Compensation: $8,800
- Related: $0
- Other: $0
- Compensation: $43,184
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $42,611
- Related: $0
- Other: $0
Where can I find the form 990 for Utah Lake Distributing Company?
Utah Lake Distributing Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Utah Lake Distributing Company
Utah Lake Distributing Company, as a responsible entity, is committed to delivering irrigation water to its shareholders. Beyond this primary function, the company also assumes the responsibility for maintaining the canals used for the water delivery. To accomplish this, Utah Lake Distributing Company estimates and communicates the anticipated costs of its operations and maintenance to its stockholders. This dual role ensures the reliable delivery of irrigation water and the proper upkeep of the necessary infrastructure, thereby benefiting its shareholders effectively.
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Impact
October, 2024
Utah Lake Distributing Company plays a vital role in the agricultural landscape of Orem, Utah, by ensuring the efficient delivery of irrigation water to its stockholders. This access to water is crucial for local farmers and landowners, as it directly affects their ability to grow crops and sustain their livelihoods.
In addition to providing water, the company is responsible for maintaining the canals that facilitate this vital resource, thereby ensuring that the irrigation system functions smoothly and effectively. By assessing stockholders for anticipated costs associated with operations and maintenance, Utah Lake Distributing Company fosters a sustainable approach to water distribution and canal upkeep.
Overall, the company’s efforts significantly contribute to the region's agricultural productivity, supporting local food systems and enhancing economic stability within the community.
This information is meant to be a general summary of Utah Lake Distributing 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 2022.
- Investment Income: $43,964
- Program Service Revenue: $364,219
- Gross Receipts: $410,132
Assets and Liabilities:
- Total Assets: $2,574,009
- Total Liabilities: $99,844
- Net Assets: $2,474,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT INCOME
Revenue
$364,219
Organization Details
Founding Year
1911
Phone
(801) 225-6746Principal Officer
Scott Holbrook
Main Address
1156 SOUTH STATE SUITE 201, OREM, UT, 84097
NTEE Category
Code: K20 - Food
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