Morrison Consolidated Ditch Co

Not tax-deductible

Ignacio, COMutual-benefit / member-servingEIN 84-0272145Revenue $231K in FY2024

On file with the IRS7170 State Hwy 172, 81137-9701 · Ignacio, COTax-exempt since Apr 1974

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Mutual Irrigation Ditch Company that maintains canal and delivers ag water to shareholders

Run by 5 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231K
+155% vs prior year
Spent
$192K
To programs
0%
Net assets
$71K
By yearFY2021–FY2024
Revenue
$231K
FY2024▲ +155%
Tap a bar for its year
Revenue by fiscal year
FY2021$101K
FY2022$93K
FY2023$90K
FY2024$231K
Net assets
$71K
FY2024▲ +119%
Tap a bar for its year
Net assets by fiscal year
FY2021$56K
FY2022$61K
FY2023$32K
FY2024$71K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ditch Rider
$20,000Pt VII · Sec A
Secretarybookkeeper
$4,400Pt VII · Sec A
Board Secretary
$2Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Jeff McDonald$20,000———
Mike Gomez—$20,000——
Kelly McCaw$4,400$4,400$4,000$4,000
Jesse Swanemyr$2———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No

Programs and updates

Delivers agricultural water to shareholders by maintaining irrigation canals.

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Provided by the organization

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1 program · $114K · in their own filed words · FY2024
01

The Company was awarded grant funds to replace old outdated infrastructure. We replaced out main headgates and measuring weir at the river heading ensuring consistent flow of irrigation water to over 160 shareholders. The Company provided funds also for the project

$114Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$231K
Ln 12
Gifts and grantsLn 1h$166K
Other incomeLn 4–11$63K
Investment incomeLn 3$1K
Money outPt IX
$192K
Ln 25
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$71K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Government grantsLn 1e$76K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$1K
Other incomeLn 4–11$63K
Gains on assetsLn 7$0
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$0
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$71K
LiabilitiesLn 26$0
Net assetsLn 32$71K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$32K$71K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$32K$71K
LiabilitiesLn 26$0$0
Net assetsLn 32$32K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$21K$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$5K$0$0$0
Management feesLn 11a$2K$0$0$0
Legal feesLn 11b$4K$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$472$0$0$0
Office expensesLn 13$1K$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$6K$0$0$0
Other expenses (24a–d)Ln 24$153K$0$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$192K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $231K$192K$39K$71K 990 PDF
FY2023 $90K$32K 990 PDF
FY2022 $93K$61K 990 PDF
FY2021 $101K$56K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $230,844 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$166,472
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,372
I-11 Other revenuePrior year $0$63,000
I-12 Total revenuePrior year $0$230,844
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$25,930
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$166,334
I-18 Total expensesPrior year $0$192,264
I-19 Revenue less expensesPrior year $0$38,580
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $230,844 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$90,898
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$75,574
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$166,472
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,372
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$63,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$230,844
Part IX · Statement of functional expenses $192,264 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$21,032
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$4,898
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$1,500
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$3,967
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$472
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$1,193
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$5,888
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$153,314
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$192,264
Part X · Balance sheet $70,961 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $32,220$70,982
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $161−$21
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $32,381$70,961
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $32,381$70,961
X-33 Total liabilities and net assetsStart of year $32,381$70,961
Part XI · Reconciliation of net assets $70,961 net assets at year end
XI-1 Total revenue$230,844
XI-2 Total expenses$192,264
XI-3 Revenue less expenses$38,580
XI-4 Net assets at start of year$32,381
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$70,961

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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