Draper Irrigation Co: Nonprofit Profile, Financials & Form 990 (EIN 87-0215969)

Revenue by fiscal year
FY2020	$9.8M
FY2021	$9.5M
FY2022	$8.4M
FY2023	$8.7M
FY2024	$10.6M

Expenses by fiscal year
FY2020	$8.3M
FY2021	$8.1M
FY2022	$8.2M
FY2023	$8.1M
FY2024	$9.4M

Net assets by fiscal year
FY2020	$66.7M
FY2021	$68.4M
FY2022	$69.3M
FY2023	$69.8M
FY2024	$70.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1921.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

Greg Matis

President

$0Pt VII · Sec A

Dale Smith

Vice President

$0Pt VII · Sec A

Thomas Ward

Secretary

$0Pt VII · Sec A

Kent Ware

Director

$0Pt VII · Sec A

Ryan Daw

Director

$0Pt VII · Sec A

Stephen Tripp

Director

$0Pt VII · Sec A

George Greenwood

Director

$0Pt VII · Sec A

Darrin L Jensen-Peterson

Chief Executive Officer

$0Pt VII · Sec A

See Draper Irrigation Co 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and maintains shared water infrastructure for agricultural use.

Questions for Draper Irrigation Co

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1 program · in their own filed words · FY2024

01

To provide culinary and irrigation water to shareholders

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-0215969) · Dispute this line

Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $1.8M federal money spent

Reclamation States Emergency Drought ReliefDepartment of the Interior · ALN 15.514 · Direct$1.7M

Watersmart (sustain and Manage Americaâs Resources for Tomorrow)Department of the Interior · ALN 15.507 · Direct$98K

The auditor reported 1 finding: a material weakness in money controls.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10.6M

Ln 12

Fees for servicesLn 2g$9.8M

Gifts and grantsLn 1h$516K

Other incomeLn 4–11$152K

Money outPt IX

$9.4M

Ln 25

Owns and owesPt X

$70.9M

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$78.3M

LiabilitiesLn 26$7.3M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$516K

Government grantsLn 1e$516K

Fees for servicesLn 2g$9.8M

Investment incomeLn 3$109K

Other incomeLn 4–11$152K

Gains on assetsLn 7$109K

Total revenueLn 12$10.6M

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

Accounts receivableLn 4$507K

Land, buildings, equipmentLn 10c$72.4M

InvestmentsLn 11–13$738K

Other assetsLn 15$4.6M

Total assetsLn 16$78.3M

LiabilitiesLn 26$7.3M

Net assetsLn 32$70.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2K	$2K
InvestmentsLn 11–13	$738K	$738K
Land, buildings, equipmentLn 10c	$69.8M	$72.4M
Total assetsLn 16	$75.9M	$78.3M
LiabilitiesLn 26	$6.1M	$7.3M
Net assetsLn 32	$69.8M	$70.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.7M
Other employee benefitsLn 9	$905K
Legal feesLn 11b	$51K
Accounting feesLn 11c	$49K
Other fees for servicesLn 11g	$248K
Office expensesLn 13	$117K
OccupancyLn 16	$140K
InterestLn 20	$62K
Depreciation, depletion and amortizationLn 22	$2.4M
Other expenses (24a–d)Ln 24	$3.6M
All other expensesLn 24e	$186K
Total functional expensesLn 25	$9.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 27, 2025	$10.6M	$9.4M	$1.1M	$70.9M	990 PDF
FY2023Filed with the IRS Jun 25, 2024	$8.7M	$8.1M	$592K	$69.8M	990 PDF
FY2022Filed with the IRS Aug 3, 2023	$8.4M	$8.2M	$267K	$69.3M	990 PDF
FY2021Filed with the IRS Sep 6, 2022	$9.5M	$8.1M	$1.4M	$68.4M	990 PDF
FY2020Filed with the IRS Nov 4, 2021	$9.8M	$8.3M	$1.5M	$66.7M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $10,571,374 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $30,230$516,497

I-9 Program service revenuePrior year $8,640,168$9,793,337

I-10 Investment incomePrior year $0$109,235

I-11 Other revenuePrior year $48,738$152,305

I-12 Total revenuePrior year $8,719,136$10,571,374

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 $2,442,220$2,589,849

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,684,966$6,842,895

I-18 Total expensesPrior year $8,127,186$9,432,744

I-19 Revenue less expensesPrior year $591,950$1,138,630

Part VI · Governance 7 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $10,571,374 across 6 lines filed

VIII-1e Government grants$516,497

VIII-1h Total contributions, gifts and grants$516,497

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,793,337$9,793,337

VIII-7 Net gain or loss on sales of assetsExcluded from tax $109,235$109,235

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $152,305$152,305

VIII-12 Total revenueRelated to mission $9,945,642 · Unrelated business $0 · Excluded from tax $109,235$10,571,374

Part IX · Statement of functional expenses $9,432,744 across 11 lines filed

IX-7 Other salaries and wages$1,684,371

IX-9 Other employee benefits$905,478

IX-11b Legal fees$50,515

IX-11c Accounting fees$48,995

IX-11g Other fees for services$248,187

IX-13 Office expenses$117,108

IX-16 Occupancy$139,686

IX-20 Interest$61,732

IX-22 Depreciation, depletion and amortization$2,412,257

IX-24 Other expenses (24a–d)$3,578,421

IX-24e All other expenses$185,994

IX-25 Total functional expenses$9,432,744

Part X · Balance sheet $78,274,279 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $2,127$2,127

X-4 Accounts receivableStart of year $435,607$507,174

X-10c Land, buildings and equipment, netStart of year $69,769,815$72,404,990

X-12 Other securitiesStart of year $738,100$738,100

X-15 Other assetsStart of year $5,001,504$4,621,888

X-16 Total assetsStart of year $75,947,153$78,274,279

X-17 Accounts payable and accrued expensesStart of year $101,835$110,931

X-23 Secured mortgages and notes payableStart of year $6,000,673$6,338,765

X-25 Other liabilitiesStart of year $22,714$891,876

X-26 Total liabilitiesStart of year $6,125,222$7,341,572

X-29 Capital stock or trust principalStart of year −$1,236,187−$1,264,041

X-30 Paid-in or capital surplusStart of year $591,651$591,651

X-31 Retained earnings or endowmentStart of year $70,466,467$71,605,097

X-32 Total net assets or fund balancesStart of year $69,821,931$70,932,707

X-33 Total liabilities and net assetsStart of year $75,947,153$78,274,279

Part XI · Reconciliation of net assets $70,932,707 net assets at year end

XI-1 Total revenue$10,571,374

XI-2 Total expenses$9,432,744

XI-3 Revenue less expenses$1,138,630

XI-4 Net assets at start of year$69,821,931

XI-9 Other changes in net assets−$27,854

XI-10 Net assets at end of year$70,932,707

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

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Draper Irrigation Co

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Draper Irrigation Co

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV