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Mount Elbert Water Association FY2021 filing

Not tax-deductible

Leadville, COMutual-benefit / member-servingMutual / membership EIN 84-0770702Revenue $764K in FY2021Latest return filed Mar 2, 2026

On file with the IRSmountelbertwater.orgLeadville, COTax-exempt since Jul 1988

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Water Distribution System

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0770702) · Dispute this line
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
32.8 mo
of spending, in cash
32.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$191K
9% of total assets
Liabilities are 9% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$764K
+144% vs prior year
Spent
$123K
To programs
82%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$764K
FY2021▲ +144%
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
FY2021▼ -0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$123K
FY2022$199K
FY2023$111K
FY2024$258K
FY2025$365K
Net assets
$2.0M
FY2021▲ +48%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

82 cents of each dollar spent went to programs.

Program services 82% · $101K Management & general 18% · $22K

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
VP Director
$0Pt VII · Sec A
Steve Kearn
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Ramsdell
Treas Direct
$0Pt VII · Sec A
See Mount Elbert Water Association executive salaries →

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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1 program · $101K · in their own filed words · FY2021
01

Water distribution

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0770702) · Dispute this line
$101Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$764K
Ln 12
Fees for servicesLn 2g$550K
Gifts and grantsLn 1h$214K
Investment incomeLn 3$39
Money outPt IX
$123K
Ln 25
Programscol B$101K
Managementcol C$22K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$336K
Total assetsLn 16$2.2M
LiabilitiesLn 26$191K
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$214K
Fees for servicesLn 2g$550K
Investment incomeLn 3$39
Total revenueLn 12$764K
Assets in detailPt X, end of year
SavingsLn 2$336K
Cash and savings togetherLn 1–2$336K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$261K
Total assetsLn 16$2.2M
LiabilitiesLn 26$191K
Net assetsLn 32$2.0M
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 FY21End FY21
Cash and savingsLn 1–2$133K$336K
Land, buildings, equipmentLn 10c$1.3M$1.6M
Total assetsLn 16$1.7M$2.2M
LiabilitiesLn 26$385K$191K
Net assetsLn 32$1.3M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$40K$30K$10K
Office expensesLn 13$3K$3K
TravelLn 17$243$243
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$123K$101K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 2, 2026 $484K$365K$119K$3.6M 990 PDF
FY2024Filed with the IRS May 7, 2025 $437K$258K$179K$3.5M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $553K$111K$442K$3.4M 990 PDF
FY2022Filed with the IRS Jun 12, 2023 $1.2M$199K$980K$2.9M 990 PDF
FY2021 ViewingFiled with the IRS Sep 12, 2022 $764K$123K$642K$2.0M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $313K$123K$190K$1.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $764,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $172,824$213,956
I-9 Program service revenuePrior year $140,300$550,500
I-10 Investment incomePrior year $138$39
I-11 Other revenue$0
I-12 Total revenuePrior year $313,262$764,495
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 $123,384$122,730
I-18 Total expensesPrior year $123,384$122,730
I-19 Revenue less expensesPrior year $189,878$641,765
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 $764,495 across 5 lines filed
VIII-1b Membership dues$213,956
VIII-1h Total contributions, gifts and grants$213,956
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $550,500$550,500
VIII-3 Investment incomeUnrelated business $39$39
VIII-12 Total revenueRelated to mission $550,500 · Unrelated business $39$764,495
Part IX · Statement of functional expenses $122,730 across 7 lines filed
IX-11c Accounting feesManagement $2,074$2,074
IX-11g Other fees for servicesPrograms $29,656 · Management $10,279$39,935
IX-13 Office expensesManagement $2,900$2,900
IX-17 TravelManagement $243$243
IX-20 InterestPrograms $21,098$21,098
IX-22 Depreciation, depletion and amortizationPrograms $50,281$50,281
IX-23 InsuranceManagement $6,199$6,199
IX-25 Total functional expensesPrograms $101,035 · Management $21,695 · Fundraising $0$122,730
Part X · Balance sheet $2,159,441 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $132,815$335,869
X-10c Land, buildings and equipment, netStart of year $1,318,314$1,562,885
X-15 Other assetsStart of year $260,687$260,687
X-16 Total assetsStart of year $1,711,816$2,159,441
X-24 Unsecured notes and loans payableStart of year $384,692$190,552
X-26 Total liabilitiesStart of year $384,692$190,552
X-27 Net assets without donor restrictionsStart of year $1,327,124$1,968,889
X-32 Total net assets or fund balancesStart of year $1,327,124$1,968,889
X-33 Total liabilities and net assetsStart of year $1,711,816$2,159,441
Part XI · Reconciliation of net assets $1,968,889 net assets at year end
XI-1 Total revenue$764,495
XI-2 Total expenses$122,730
XI-3 Revenue less expenses$641,765
XI-4 Net assets at start of year$1,327,124
XI-10 Net assets at end of year$1,968,889

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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