Nibley-Blacksmith Fork Irrigation FY2023 filing

Not tax-deductible

Logan, UTMutual-benefit / member-servingMutual/MembershipEIN 87-0158973Revenue $452K in FY2023

On file with the IRSPo Box 662, 84323-0662 · Logan, UTTax-exempt since Sep 2008

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The organization operates, maintains and constructs water works in the Cache County, Utah area. The company manages water rights of individuals in the area. Assessments are made to water right owners and used to maintain and construction water ways including irrigation ditches.

99¢ of each $1 spent went to programs.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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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
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
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $272K a year · 72% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
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
$635K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$452K
-10% vs prior year
Spent
$95K
To programs
99%
Net assets
$888K
By yearFY2022–FY2024
Revenue
$452K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2022$505K
FY2023$452K
FY2024$175K
Expenses
$95K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2022$91K
FY2023$95K
FY2024$131K
Net assets
$888K
FY2023▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2022$530K
FY2023$888K
FY2024$932K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $94K Management & general 1% · $1K

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; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$6,500Pt VII · Sec A
President
$6,500Pt VII · Sec A
Director
$6,500Pt VII · Sec A
$6,500Pt VII · Sec A
Board Member
$500Pt VII · Sec A

Jay Tuddenham’s $6K as Secretary is at the 41st percentile of top reported officer pay among 539 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022
Jay Tuddenham$6,500$6,500$7,900
Sid Zollinger$6,500$6,500$4,771
James Zollinger$6,500$6,500—
Dennis Murray$6,500——
James Jenson—$6,500—
Richard Nielsen—$500$800

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

Programs and updates

Maintains and builds water systems, managing water rights for Cache County residents.

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Provided by the organization

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1 program · $94K · in their own filed words · FY2023
01

The organization operated, maintained and constructed water works in the Cache County, Utah area. The company managee water rights of individuals in the area.

$94Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$452K
Ln 12
Fees for servicesLn 2g$452K
Money outPt IX
$95K
Ln 25
Programscol B$94K
Managementcol C$1K
Owns and owesPt X
$888K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$1.5M
LiabilitiesLn 26$635K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$452K
Gains on assetsLn 7$0
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$0
Cash and savings togetherLn 1–2$62K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$635K
Net assetsLn 32$888K
OperationsPt I, VI
EmployeesI 55
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$38K$62K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.2M$1.5M
Total assetsLn 16$1.2M$1.5M
LiabilitiesLn 26$661K$635K
Net assetsLn 32$530K$888K
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$0
Pay of current officers, directors and key staffLn 5$26K$26K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$5K$5K$101
All other expensesLn 24e$14$14
Total functional expensesLn 25$95K$94K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $175K$131K$45K$932K 990 PDF
FY2023 Viewing $452K$95K$357K$888K 990 PDF
FY2022 $505K$91K$414K$530K 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 $452,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $407,518$0
I-9 Program service revenuePrior year $97,319$452,486
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $504,837$452,486
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,541$28,527
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,544$66,772
I-18 Total expensesPrior year $91,085$95,299
I-19 Revenue less expensesPrior year $413,752$357,187
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $452,486 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $452,486$452,486
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $452,486$452,486
Part IX · Statement of functional expenses $95,299 across 31 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$0
IX-5 Pay of current officers, directors and key staffPrograms $26,500$26,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,027$2,027
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,077$1,077
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
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-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $56,737$56,737
IX-23 InsurancePrograms $3,853$3,853
IX-24 Other expenses (24a–d)Programs $4,990 · Management $101$5,091
IX-24e All other expensesPrograms $14$14
IX-25 Total functional expensesPrograms $94,121 · Management $1,178 · Fundraising $0$95,299
Part X · Balance sheet $1,522,555 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $38,409$62,146
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,054$2,054
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,150,791$1,458,355
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,191,254$1,522,555
X-17 Accounts payable and accrued expensesStart of year $4,341$4,055
X-26 Total liabilitiesStart of year $660,774$634,888
X-27 Net assets without donor restrictionsStart of year $530,480$887,667
X-32 Total net assets or fund balancesStart of year $530,480$887,667
X-33 Total liabilities and net assetsStart of year $1,191,254$1,522,555
Part XI · Reconciliation of net assets $887,667 net assets at year end
XI-1 Total revenue$452,486
XI-2 Total expenses$95,299
XI-3 Revenue less expenses$357,187
XI-4 Net assets at start of year$530,480
XI-10 Net assets at end of year$887,667

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

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