Draper Irrigation Co: FY2022 Nonprofit Profile & 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

11 people listed on the 990.

Part VII, Section A · reportable compensation

George Greenwood

President

$0Pt VII · Sec A

Dale Smith

Vice President

$0Pt VII · Sec A

Greg Matis

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

Thomas Ward

Director

$0Pt VII · Sec A

Darrin L Jensen-Peterson

Gm/CEO

$0Pt VII · Sec A

See Draper Irrigation Co 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

Manages and maintains shared water infrastructure for agricultural use.

Provided by the organization

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1 program · in their own filed words · FY2022

01

To provide culinary and irrigation water to shareholders

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$8.4M

Ln 12

Fees for servicesLn 2g$8.2M

Other incomeLn 4–11$120K

Gifts and grantsLn 1h$75K

Money outPt IX

$8.2M

Ln 25

Owns and owesPt X

$69.3M

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$75.9M

LiabilitiesLn 26$6.6M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$75K

Government grantsLn 1e$75K

Fees for servicesLn 2g$8.2M

Investment incomeLn 3$46K

Other incomeLn 4–11$120K

Gains on assetsLn 7$46K

Total revenueLn 12$8.4M

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$738K

Land, buildings, equipmentLn 10c$70.1M

Other assetsLn 15$4.5M

Total assetsLn 16$75.9M

LiabilitiesLn 26$6.6M

Net assetsLn 32$69.3M

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 FY22	End FY22
Cash and savingsLn 1–2	$2K	$2K
InvestmentsLn 11–13	$738K	$738K
Land, buildings, equipmentLn 10c	$69.2M	$70.1M
Total assetsLn 16	$74.9M	$75.9M
LiabilitiesLn 26	$6.5M	$6.6M
Net assetsLn 32	$68.4M	$69.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.5M
Other employee benefitsLn 9	$797K
Management feesLn 11a	$23K
Accounting feesLn 11c	$402K
OccupancyLn 16	$70K
InterestLn 20	$111K
Depreciation, depletion and amortizationLn 22	$2.4M
Other expenses (24a–d)Ln 24	$2.6M
All other expensesLn 24e	$305K
Total functional expensesLn 25	$8.2M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$10.6M	$9.4M	$1.1M	$70.9M	990 PDF
FY2023	$8.7M	$8.1M	$592K	$69.8M	990 PDF
FY2022 Viewing	$8.4M	$8.2M	$267K	$69.3M	990 PDF
FY2021	$9.5M	$8.1M	$1.4M	$68.4M	990 PDF
FY2020	$9.8M	$8.3M	$1.5M	$66.7M	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 FY2022 990 (6 parts)

Part I · Summary $8,440,988 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $403,500$75,000

I-9 Program service revenuePrior year $8,950,509$8,199,300

I-10 Investment incomePrior year $22,000$46,374

I-11 Other revenuePrior year $135,203$120,314

I-12 Total revenuePrior year $9,511,212$8,440,988

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 $2,160,357$2,320,580

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

I-17 Other expensesPrior year $5,981,538$5,853,388

I-18 Total expensesPrior year $8,141,895$8,173,968

I-19 Revenue less expensesPrior year $1,369,317$267,020

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $8,440,988 across 6 lines filed

VIII-1e Government grants$75,000

VIII-1h Total contributions, gifts and grants$75,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,199,300$8,199,300

VIII-7 Net gain or loss on sales of assetsExcluded from tax $46,374$46,374

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $120,314$120,314

VIII-12 Total revenueRelated to mission $8,319,614 · Unrelated business $0 · Excluded from tax $46,374$8,440,988

Part IX · Statement of functional expenses $8,173,968 across 9 lines filed

IX-7 Other salaries and wages$1,523,881

IX-9 Other employee benefits$796,699

IX-11a Management fees$22,945

IX-11c Accounting fees$401,742

IX-16 Occupancy$70,127

IX-20 Interest$111,491

IX-22 Depreciation, depletion and amortization$2,369,831

IX-24 Other expenses (24a–d)$2,572,208

IX-24e All other expenses$305,044

IX-25 Total functional expenses$8,173,968

Part X · Balance sheet $75,859,095 assets, 11 lines filed

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

X-4 Accounts receivableStart of year $493,506$475,369

X-10c Land, buildings and equipment, netStart of year $69,197,742$70,095,778

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

X-15 Other assetsStart of year $4,513,780$4,547,721

X-16 Total assetsStart of year $74,945,255$75,859,095

X-17 Accounts payable and accrued expensesStart of year $52,103$65,486

X-25 Other liabilitiesStart of year −$214,571$265,780

X-26 Total liabilitiesStart of year $6,524,755$6,600,288

X-32 Total net assets or fund balancesStart of year $68,420,500$69,258,807

X-33 Total liabilities and net assetsStart of year $74,945,255$75,859,095

Part XI · Reconciliation of net assets $69,258,807 net assets at year end

XI-1 Total revenue$8,440,988

XI-2 Total expenses$8,173,968

XI-3 Revenue less expenses$267,020

XI-4 Net assets at start of year$68,420,500

XI-9 Other changes in net assets$571,287

XI-10 Net assets at end of year$69,258,807

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Draper Irrigation Co FY2022 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV