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Mount Elbert Water Association FY2020 filing

Not tax-deductible

Leadville, COMutual-benefit / member-servingEIN 84-0770702Revenue $313K in FY2020

On file with the IRSmountelbertwater.orgPo Box 1778, 80461-1778 · Leadville, COTax-exempt since Jul 1988

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Water Distribution System

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · 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
6 of 6
filings with a surplus
Average surplus $425K a year · 68% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$385K
22% of total assets
Looks good: liabilities are 22% 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
$313K
Spent
$123K
To programs
86%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$313K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$764K
FY2022$1.2M
FY2023$553K
FY2024$437K
FY2025$484K
Expenses
$123K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$123K
FY2022$199K
FY2023$111K
FY2024$258K
FY2025$365K
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$2.9M
FY2023$3.4M
FY2024$3.5M
FY2025$3.6M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jul 1988.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $106K Management & general 14% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Lora Flinn
Secretary D
$0Pt VII · Sec A
Brent Groenke
Treas Direct
$0Pt VII · Sec A
Steve Kearn
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mount Elbert Water Association executive salaries →

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

Programs and updates

Mount Elbert Water Association is a member-serving organization based in Leadville, CO.

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Provided by the organization

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1 program · $106K · in their own filed words · FY2020
01

Water distribution

$106Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$313K
Ln 12
Gifts and grantsLn 1h$173K
Fees for servicesLn 2g$140K
Investment incomeLn 3$138
Money outPt IX
$123K
Ln 25
Programscol B$106K
Managementcol C$17K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$1.7M
LiabilitiesLn 26$385K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$173K
Fees for servicesLn 2g$140K
Investment incomeLn 3$138
Total revenueLn 12$313K
Assets in detailPt X, end of year
SavingsLn 2$133K
Cash and savings togetherLn 1–2$133K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$261K
Total assetsLn 16$1.7M
LiabilitiesLn 26$385K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$161K$133K
Land, buildings, equipmentLn 10c$1.1M$1.3M
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$222K$385K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$49K$48K$1K
Office expensesLn 13$3K$3K
Information technologyLn 14$886$886
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$123K$106K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $484K$365K$119K$3.6M 990 PDF
FY2024 $437K$258K$179K$3.5M 990 PDF
FY2023 $553K$111K$442K$3.4M 990 PDF
FY2022 $1.2M$199K$980K$2.9M 990 PDF
FY2021 $764K$123K$642K$2.0M 990 PDF
FY2020 Viewing $313K$123K$190K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $313,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $163,072$172,824
I-9 Program service revenuePrior year $190,000$140,300
I-10 Investment incomePrior year $226$138
I-11 Other revenue$0
I-12 Total revenuePrior year $353,298$313,262
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,702$123,384
I-18 Total expensesPrior year $86,702$123,384
I-19 Revenue less expensesPrior year $266,596$189,878
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-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $313,262 across 5 lines filed
VIII-1b Membership dues$172,824
VIII-1h Total contributions, gifts and grants$172,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $140,300$140,300
VIII-3 Investment incomeUnrelated business $138$138
VIII-12 Total revenueRelated to mission $140,300 · Unrelated business $138$313,262
Part IX · Statement of functional expenses $123,384 across 7 lines filed
IX-11c Accounting feesManagement $2,042$2,042
IX-11g Other fees for servicesPrograms $47,749 · Management $1,395$49,144
IX-13 Office expensesManagement $3,145$3,145
IX-14 Information technologyManagement $886$886
IX-20 InterestPrograms $15,160$15,160
IX-22 Depreciation, depletion and amortizationPrograms $43,558$43,558
IX-23 InsuranceManagement $9,449$9,449
IX-25 Total functional expensesPrograms $106,467 · Management $16,917 · Fundraising $0$123,384
Part X · Balance sheet $1,711,816 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $160,610$132,815
X-10c Land, buildings and equipment, netStart of year $1,118,316$1,318,314
X-15 Other assetsStart of year $80,687$260,687
X-16 Total assetsStart of year $1,359,613$1,711,816
X-24 Unsecured notes and loans payableStart of year $222,367$384,692
X-26 Total liabilitiesStart of year $222,367$384,692
X-27 Net assets without donor restrictionsStart of year $1,137,246$1,327,124
X-32 Total net assets or fund balancesStart of year $1,137,246$1,327,124
X-33 Total liabilities and net assetsStart of year $1,359,613$1,711,816
Part XI · Reconciliation of net assets $1,327,124 net assets at year end
XI-1 Total revenue$313,262
XI-2 Total expenses$123,384
XI-3 Revenue less expenses$189,878
XI-4 Net assets at start of year$1,137,246
XI-10 Net assets at end of year$1,327,124

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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