Weldon Valley Ditch Co FY2023 filing

Not tax-deductible

Weldona, COMutual-benefit / member-servingEIN 84-0445294Revenue $98K in FY2023

On file with the IRSPo Box 626, 80653-0626 · Weldona, COTax-exempt since Sep 1996

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This is a mutual ditch company organized to deliver water to its 65 shareholders

$23K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $11K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
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
$23K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$76K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
55
of 5 voting members
Looks good: 55 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
$98K
-24% vs prior year
Spent
$148K
To programs
0%
Net assets
$287K
By yearFY2020–FY2025
Revenue
$98K
FY2023▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$181K
FY2021$178K
FY2022$129K
FY2023$98K
FY2024$98K
FY2025$164K
Expenses
$148K
FY2023▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$145K
FY2022$124K
FY2023$148K
FY2024$157K
FY2025$205K
Net assets
$287K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$299K
FY2021$332K
FY2022$337K
FY2023$287K
FY2024$229K
FY2025$187K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1996.

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

Who runs it and what they're paid

6 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation
Employee
$15,400Pt VII · Sec A
$6,250Pt VII · Sec A
$250Pt VII · Sec A
Treasurer
$250Pt VII · Sec A
$250Pt VII · Sec A
Vice President
$200Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ron Higgins$15,400$15,400$15,400$15,400$14,200$14,200
Eric Christensen$6,200$6,200$6,250———
Wade Castor$200$200$250———
Justin Hawkins$200$200$250———
Rick Lorenzini$200$150$250———
A Foy Chapin$200$150$200———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Delivers water to its 65 shareholders.

Questions for Weldon Valley Ditch Co

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Provided by the organization

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3 programs · $99K · in their own filed words · FY2023
01

System Maintenance

to maintain ditch, which includes removing trees, weeds; repairing retaining walls and the gates; hauling in materials to maintain the ditch bank

$67Kprogram expense
02

Ditch Rider Expenses

expenses for ditch rider to properly maintain the ditch system, including but not limited to spraying and mowing.

$16Kprogram expense
03

Payroll

to pay the ditch rider to operate the ditch according to the needs of the stockholders within the by-laws of the Weldon Valley Ditch Co

$15Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$98K
Ln 12
Fees for servicesLn 2g$96K
Other incomeLn 4–11$2K
Investment incomeLn 3$274
Money outPt IX
$148K
Ln 25
Owns and owesPt X
$287K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$363K
LiabilitiesLn 26$76K
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b55
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$96K
Investment incomeLn 3$274
Other incomeLn 4–11$2K
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$195K
SavingsLn 2$0
Cash and savings togetherLn 1–2$195K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$104K
Other assetsLn 15$64K
Total assetsLn 16$363K
LiabilitiesLn 26$76K
Net assetsLn 32$287K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$239K$195K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$114K$104K
Total assetsLn 16$417K$363K
LiabilitiesLn 26$80K$76K
Net assetsLn 32$337K$287K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$7K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$15K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$1K
Management feesLn 11a$0
Legal feesLn 11b$8K
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$324
Office expensesLn 13$387
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
InterestLn 20$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$97K
All other expensesLn 24e$0
Total functional expensesLn 25$148K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $164K$205K−$42K$187K 990 PDF
FY2024 $98K$157K−$59K$229K 990 PDF
FY2023 Viewing $98K$148K−$50K$287K 990 PDF
FY2022 $129K$124K$4K$337K 990 PDF
FY2021 $178K$145K$33K$332K 990 PDF
FY2020 $181K$138K$43K$299K 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 FY2023 990 (6 parts)
Part I · Summary $97,979 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $127,950$95,962
I-10 Investment incomePrior year $166$274
I-11 Other revenuePrior year $456$1,743
I-12 Total revenuePrior year $128,572$97,979
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$7,200
I-15 Salaries and benefitsPrior year $16,578$16,630
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $107,780$123,756
I-18 Total expensesPrior year $124,358$147,586
I-19 Revenue less expensesPrior year $4,214−$49,607
Part VI · Governance 55 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members55
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $97,979 across 11 lines filed
Lines not itemized here account for $97,705 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $274 · Unrelated business $0 · Excluded from tax $0$274
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $97,979 · Unrelated business $0 · Excluded from tax $0$97,979
Part IX · Statement of functional expenses $147,586 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$7,200
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$15,400
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$1,230
IX-11a Management fees$0
IX-11b Legal fees$7,920
IX-11c Accounting fees$1,850
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$324
IX-13 Office expenses$387
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-20 Interest$2,087
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$12,086
IX-23 Insurance$2,260
IX-24 Other expenses (24a–d)$96,842
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$147,586
Part X · Balance sheet $362,814 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $239,125$195,289
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 $0$0
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 $113,811$103,525
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 $64,000$64,000
X-16 Total assetsStart of year $416,936$362,814
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-26 Total liabilitiesStart of year $80,273$75,758
X-32 Total net assets or fund balancesStart of year $336,663$287,056
X-33 Total liabilities and net assetsStart of year $416,936$362,814
Part XI · Reconciliation of net assets $287,056 net assets at year end
XI-1 Total revenue$97,979
XI-2 Total expenses$147,586
XI-3 Revenue less expenses−$49,607
XI-4 Net assets at start of year$336,663
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$287,056

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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