Mapleton Irrigation Company

Not tax-deductible

Springville, UTMutual-benefit / member-servingMutual/Membership EIN 87-0232279Revenue $511K in FY2024

On file with the IRSPo Box 924, 84663-0924 · Springville, UTTax-exempt since Jul 2020

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This Company is a mutual benefit corporation organized to develop, divert, store, and distribute water within its defined service area located in utah county, state of utah, to its shareholders for domestic use, Irrigation, and other useful and beneficial purposes; to acquire and hold the water rights taken up for domestic use and Irrigation of the lands under that system, and to acquire, construct, hold, operate and maintain wells, water lines, diversion works, canals, ditches, reservoirs, and construct, hold, operate and maintain wells, water lines, diversion works, canals, ditches, reservoirs, and other facilities, including fire-fighting equipment, as may be deemed desirable to the functioning of that system; to DO any and all things necessary or proper to be done in managing and controlling that system and conducting the business of supplying its shareholders with water; and to fix, charge and collect from its shareholders tolls, rentals, assessments and maintenance charges for th

100¢ of each $1 spent went to programs.
$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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
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
5 of 5
filings with a surplus
Average surplus $267K a year · 44% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
46 mo
of spending, in cash
Looks good: 45.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$809K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$511K
+2% vs prior year
Spent
$351K
To programs
100%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$511K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$649K
FY2021$814K
FY2022$578K
FY2023$503K
FY2024$511K
Expenses
$351K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$347K
FY2022$359K
FY2023$373K
FY2024$351K
Net assets
$2.1M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.6M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $351K

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

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Who runs it and what they're paid

7 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Attorney
$1,860Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
President
$1,200Pt VII · Sec A

Riley Snow’s $2K as Attorney is at the 17th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Riley Snow$1,860$11,400$8,400$27,485$23,400
Hal Black$1,200$1,200———
David Fuller$1,200$1,200———
Scott Jeffers$1,200$1,200$1,200$1,200$1,200
Ron Jensen$1,200$1,200———
Rolf Walpole$1,200$1,200$1,200$1,200$1,200
Michael Miner$1,200$1,200$1,200$1,200$1,200
Collin Allan——$1,200$1,200$1,200

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

Develops, diverts, stores, and distributes water for domestic and irrigation use.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization receives financial support, beginning with the largest source, for the present and foreseeable future is as follows: percent annual shareholder dues & fees: 84.00 other revenue: 16.00

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$511K
Ln 12
Gifts and grantsLn 1h$421K
Other incomeLn 4–11$65K
Investment incomeLn 3$25K
Money outPt IX
$351K
Ln 25
Programscol B$351K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.9M
LiabilitiesLn 26$809K
PeoplePt VI, VII
7
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$421K
Investment incomeLn 3$25K
Other incomeLn 4–11$65K
Total revenueLn 12$511K
Assets in detailPt X, end of year
CashLn 1$586K
SavingsLn 2$754K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$82K
Total assetsLn 16$2.9M
LiabilitiesLn 26$809K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 53
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 FY24End FY24
Cash and savingsLn 1–2$1.3M$1.3M
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$2.8M$2.9M
LiabilitiesLn 26$856K$809K
Net assetsLn 32$1.9M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7K$7K
Other salaries and wagesLn 7$75K$75K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$183K$183K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$351K$351K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $511K$351K$160K$2.1M 990 PDF
FY2023 $503K$373K$130K$1.9M 990 PDF
FY2022 $578K$359K$220K$1.8M 990 PDF
FY2021 $814K$347K$466K$1.6M 990 PDF
FY2020 $649K$292K$357K$1.1M 990 PDF

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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 $510,917 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,350$421,172
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,261$24,815
I-11 Other revenuePrior year $67,382$64,930
I-12 Total revenuePrior year $502,993$510,917
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $98,379$88,120
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $275,003$263,045
I-18 Total expensesPrior year $373,382$351,165
I-19 Revenue less expensesPrior year $129,611$159,752
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $510,917 across 5 lines filed
VIII-1b Membership dues$421,172
VIII-1h Total contributions, gifts and grants$421,172
VIII-3 Investment incomeRelated to mission $24,815$24,815
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,930$64,930
VIII-12 Total revenueRelated to mission $89,745$510,917
Part IX · Statement of functional expenses $351,165 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,200$7,200
IX-7 Other salaries and wagesPrograms $75,110$75,110
IX-10 Payroll taxesPrograms $5,810$5,810
IX-11b Legal feesPrograms $1,860$1,860
IX-11c Accounting feesPrograms $4,950$4,950
IX-11g Other fees for servicesPrograms $183,482$183,482
IX-13 Office expensesPrograms $7,192$7,192
IX-22 Depreciation, depletion and amortizationPrograms $41,835$41,835
IX-23 InsurancePrograms $3,320$3,320
IX-24 Other expenses (24a–d)Programs $20,406$20,406
IX-25 Total functional expensesPrograms $351,165 · Management $0 · Fundraising $0$351,165
Part X · Balance sheet $2,881,204 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $572,691$585,535
X-2 Savings and temporary cash investmentsStart of year $693,637$753,742
X-10c Land, buildings and equipment, netStart of year $1,501,967$1,460,252
X-15 Other assets$81,675
X-16 Total assetsStart of year $2,768,295$2,881,204
X-17 Accounts payable and accrued expensesStart of year $2,342$1,199
X-26 Total liabilitiesStart of year $856,142$809,299
X-32 Total net assets or fund balancesStart of year $1,912,153$2,071,905
X-33 Total liabilities and net assetsStart of year $2,768,295$2,881,204
Part XI · Reconciliation of net assets $2,071,905 net assets at year end
XI-1 Total revenue$510,917
XI-2 Total expenses$351,165
XI-3 Revenue less expenses$159,752
XI-4 Net assets at start of year$1,912,153
XI-10 Net assets at end of year$2,071,905

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

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