Overview
What is Mapleton Irrigation Company?
Mapleton Irrigation Company is a mutually beneficial corporation based in Springville, Utah. Its mission is to develop, divert, store, and distribute water within its defined service area in Utah County, providing it to shareholders for domestic use, irrigation, and other beneficial purposes. The company acquires and manages water rights, constructs and maintains necessary facilities such as wells, water lines, and reservoirs, and charges its shareholders tolls, rentals, assessments, and maintenance charges. With a primary source of financial support coming from shareholder dues and fees, the organization operates with a total of two employees.
Is Mapleton Irrigation Company legitimate?
Mapleton Irrigation Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mapleton Irrigation 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: $14,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,003
For more financial information, click here
What is the mission statement of Mapleton Irrigation Company?
The Mapleton Irrigation Company serves as a mutual benefit corporation, primarily focused on managing and distributing water within its specified service area. Its primary objective is to supply water for domestic use, irrigation, and various beneficial purposes to its shareholders. The company acquires and holds water rights for these purposes and constructs necessary infrastructure, such as wells, water lines, and reservoirs, to ensure an efficient water supply system. Additionally, the company undertakes maintenance and operation of these facilities and collects necessary fees from its shareholders. The company's mission is to effectively manage and control this water system, ensuring its shareholders have a reliable water source.
Who is the CEO of Mapleton Irrigation Company?
Michael Miner is the Attorney of Mapleton Irrigation Company.
What is the revenue of Mapleton Irrigation Company?
Mapleton Irrigation Company's revenue in 2022 was $578,370.
Who are the executives of Mapleton Irrigation Company and what are their salaries?
The average compensation at Mapleton Irrigation Company during 2022 was $49,702. There are 2 employees at Mapleton Irrigation Company.
Here are 6 key members and their salaries:
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Where can I find the form 990 for Mapleton Irrigation Company?
Mapleton Irrigation Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mapleton Irrigation Company
Mapleton Irrigation Company, as a mutual benefit corporation, has a mission to develop, divert, store, and distribute water within its defined service area for various purposes. This company primarily serves its shareholders, providing water for domestic use, irrigation, and other beneficial purposes. To achieve this goal, Mapleton Irrigation Company acquires and holds water rights for domestic use and irrigation, constructing and maintaining necessary facilities such as wells, water lines, and reservoirs. The organization also acquires and operates additional facilities to manage and control its water system, ensuring a reliable supply for its shareholders. In addition, the company collects tolls, rentals, assessments, and maintenance charges from its shareholders to cover the costs of operating and maintaining its water system. Overall, Mapleton Irrigation Company's mission is to manage and distribute water effectively, ensuring a reliable and beneficial water supply for its shareholders.
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Impact
October, 2024
Mapleton Irrigation Company plays a vital role in the community of Utah County by developing, diverting, storing, and distributing water to its shareholders for various beneficial uses, including domestic use and irrigation. Its operations focus on ensuring a sustainable and reliable water supply, which is crucial for both agricultural activities and residential needs in the region.
By acquiring and holding necessary water rights, the company safeguards the interests of its shareholders. Its infrastructure—comprising wells, water lines, canals, ditches, and reservoirs—facilitates efficient water delivery and management. This robust system is essential not only for irrigation but also supports local fire-fighting efforts, enhancing community safety.
The organization operates on a mutual benefit model, relying primarily on shareholder dues and fees to fund its activities. This financial structure allows it to maintain and improve its water delivery systems, ensuring long-term sustainability and reliability for the residents of Springville and the surrounding areas. Through these efforts, Mapleton Irrigation Company significantly contributes to the local economy and quality of life, enabling agricultural productivity and promoting responsible water management in a region where water resources are vital.
This information is meant to be a general summary of Mapleton Irrigation 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: $6,508
- Gross Receipts: $578,370
Assets and Liabilities:
- Total Assets: $2,684,809
- Total Liabilities: $902,267
- Net Assets: $1,782,542
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Organization Details
Founding Year
1914
Phone
(801) 491-6264Principal Officer
Michael Miner
Main Address
25 WEST 200 SOUTH STE 9 PO BOX 924, SPRINGVILLE, UT, 84663
NTEE Category
Code: Y22 - Mutual benefit
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