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Mount Elbert Water Association FY2024 filing

Not tax-deductible

Leadville, COMutual-benefit / member-servingMutual / membership EIN 84-0770702Revenue $437K in FY2024Latest return filed Mar 2, 2026

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

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Water Distribution System

50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$128K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$437K
-21% vs prior year
Spent
$258K
To programs
50%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$437K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$764K
FY2022$1.2M
FY2023$553K
FY2024$437K
FY2025$484K
Expenses
$258K
FY2024▲ +132%
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$123K
FY2022$199K
FY2023$111K
FY2024$258K
FY2025$365K
Net assets
$3.5M
FY2024▲ +4%
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 FY2024 Form 990 · see the original

Give Claim
You’re viewing the FY2024 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

50 cents of each dollar spent went to programs.

Program services 50% · $130K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Olivia Viau
Secretary and Member
$0Pt VII · Sec A
Brent Groenke
Operations
$0Pt VII · Sec A
Chris Brandewie
Vice President
$0Pt VII · Sec A
Brian Nevans
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Terranova
General Manager
$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 · $130K · in their own filed words · FY2024
01

Water Distribution

$130Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$437K
Ln 12
Fees for servicesLn 2g$233K
Gifts and grantsLn 1h$185K
Other incomeLn 4–11$20K
Money outPt IX
$258K
Ln 25
Programscol B$130K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$3.7M
LiabilitiesLn 26$128K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$185K
Fees for servicesLn 2g$233K
Investment incomeLn 3$742
Other incomeLn 4–11$20K
Gains on assetsLn 7−$41K
Total revenueLn 12$437K
Assets in detailPt X, end of year
CashLn 1$168K
Cash and savings togetherLn 1–2$168K
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$322K
Total assetsLn 16$3.7M
LiabilitiesLn 26$128K
Net assetsLn 32$3.5M
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 FY24End FY24
Cash and savingsLn 1–2$199K$168K
Land, buildings, equipmentLn 10c$3.0M$3.2M
Total assetsLn 16$3.5M$3.7M
LiabilitiesLn 26$154K$128K
Net assetsLn 32$3.4M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$27K$27K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$128K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$49K$49K
All other expensesLn 24e$951$951
Total functional expensesLn 25$258K$130K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 2, 2026 $484K$365K$119K$3.6M 990 PDF
FY2024 ViewingFiled 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
FY2021Filed 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

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $437,234 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $193,278$184,847
I-9 Program service revenuePrior year $293,800$232,658
I-10 Investment incomePrior year $5,973−$40,479
I-11 Other revenuePrior year $60,000$60,208
I-12 Total revenuePrior year $553,051$437,234
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$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $111,481$258,476
I-18 Total expensesPrior year $111,481$258,476
I-19 Revenue less expensesPrior year $441,570$178,758
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $437,234 across 7 lines filed
VIII-1b Membership dues$184,847
VIII-1h Total contributions, gifts and grants$184,847
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $232,658$232,658
VIII-3 Investment incomeRelated to mission $742$742
VIII-7 Net gain or loss on sales of assetsRelated to mission −$41,221−$41,221
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,431 · Unrelated business $48,777$60,208
VIII-12 Total revenueRelated to mission $203,610 · Unrelated business $48,777 · Excluded from tax $0$437,234
Part IX · Statement of functional expenses $258,476 across 11 lines filed
IX-11a Management feesPrograms $11,000$11,000
IX-11b Legal feesPrograms $11,657$11,657
IX-11c Accounting feesPrograms $27,315$27,315
IX-12 Advertising and promotionPrograms $1,240$1,240
IX-13 Office expensesPrograms $2,644$2,644
IX-14 Information technologyPrograms $4,223$4,223
IX-16 OccupancyPrograms $14,889$14,889
IX-22 Depreciation, depletion and amortization$128,083
IX-23 InsurancePrograms $7,233$7,233
IX-24 Other expenses (24a–d)Programs $49,241$49,241
IX-24e All other expensesPrograms $951$951
IX-25 Total functional expensesPrograms $130,393 · Management $0 · Fundraising $0$258,476
Part X · Balance sheet $3,651,799 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $199,395$168,408
X-4 Accounts receivableStart of year $45,837$4,056
X-10c Land, buildings and equipment, netStart of year $3,008,576$3,157,050
X-15 Other assetsStart of year $290,697$322,285
X-16 Total assetsStart of year $3,544,505$3,651,799
X-17 Accounts payable and accrued expenses$0
X-25 Other liabilitiesStart of year $153,925$128,299
X-26 Total liabilitiesStart of year $153,925$128,299
X-27 Net assets without donor restrictionsStart of year $3,390,580$3,523,500
X-32 Total net assets or fund balancesStart of year $3,390,580$3,523,500
X-33 Total liabilities and net assetsStart of year $3,544,505$3,651,799
Part XI · Reconciliation of net assets $3,523,500 net assets at year end
XI-1 Total revenue$437,234
XI-2 Total expenses$258,476
XI-3 Revenue less expenses$178,758
XI-4 Net assets at start of year$3,390,580
XI-8 Prior period adjustments$2,939
XI-9 Other changes in net assets−$48,777
XI-10 Net assets at end of year$3,523,500

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

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