Mapleton Irrigation Company FY2021 filing

Not tax-deductible

Springville, UTMutual-benefit / member-servingMutual/MembershipEIN 87-0232279

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.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
$33K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 35.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$814K
+25% vs prior year
Spent
$347K
To programs
100%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$814K
FY2021▲ +25%
Revenue by fiscal year
FY2020$649K
FY2021$814K
FY2022$578K
FY2023$503K
FY2024$511K
Expenses
$347K
FY2021▲ +19%
Expenses by fiscal year
FY2020$292K
FY2021$347K
FY2022$359K
FY2023$373K
FY2024$351K
Net assets
$1.6M
FY2021▲ +43%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.6M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 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 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% · $347K

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

Who runs it and what they're paid

6 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
Attorney
$27,485Pt 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.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
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: 42.00 grants: 58.00

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$814K
Ln 12
Gifts and grantsLn 1h$690K
Other incomeLn 4–11$122K
Investment incomeLn 3$2K
Money outPt IX
$347K
Ln 25
Programscol B$347K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$690K
Government grantsLn 1e$350K
Investment incomeLn 3$2K
Other incomeLn 4–11$122K
Total revenueLn 12$814K
Assets in detailPt X, end of year
CashLn 1$339K
SavingsLn 2$678K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.0M
Net assetsLn 32$1.6M
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 FY21End FY21
Cash and savingsLn 1–2$486K$1.0M
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$2.1M$2.6M
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32$1.1M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$33K$33K
Other salaries and wagesLn 7$86K$86K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$151K$151K
Office expensesLn 13$2K$2K
OccupancyLn 16$3K$3K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$347K$347K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $511K$351K$160K$2.1M 990 PDF
FY2023 $503K$373K$130K$1.9M 990 PDF
FY2022 $578K$359K$220K$1.8M 990 PDF
FY2021 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $813,808 across 6 lines filed
VIII-1b Membership dues$339,766
VIII-1e Government grants$350,000
VIII-1h Total contributions, gifts and grants$689,766
VIII-3 Investment incomeRelated to mission $1,669$1,669
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $122,373$122,373
VIII-12 Total revenueRelated to mission $124,042$813,808
Part IX · Statement of functional expenses $347,367 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $33,485$33,485
IX-7 Other salaries and wagesPrograms $85,530$85,530
IX-10 Payroll taxesPrograms $5,279$5,279
IX-11c Accounting feesPrograms $4,250$4,250
IX-11g Other fees for servicesPrograms $151,388$151,388
IX-13 Office expensesPrograms $1,571$1,571
IX-16 OccupancyPrograms $3,000$3,000
IX-22 Depreciation, depletion and amortizationPrograms $41,835$41,835
IX-23 InsurancePrograms $2,983$2,983
IX-24 Other expenses (24a–d)Programs $18,046$18,046
IX-25 Total functional expensesPrograms $347,367 · Management $0 · Fundraising $0$347,367
Part X · Balance sheet $2,602,435 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $159,588$339,037
X-2 Savings and temporary cash investmentsStart of year $326,093$677,762
X-10c Land, buildings and equipment, netStart of year $1,627,471$1,585,636
X-16 Total assetsStart of year $2,113,152$2,602,435
X-17 Accounts payable and accrued expensesStart of year $3,574$2,616
X-25 Other liabilitiesStart of year $22,355$91,855
X-26 Total liabilitiesStart of year $1,016,829$1,039,671
X-32 Total net assets or fund balancesStart of year $1,096,323$1,562,764
X-33 Total liabilities and net assetsStart of year $2,113,152$2,602,435
Part XI · Reconciliation of net assets $1,562,764 net assets at year end
XI-1 Total revenue$813,808
XI-2 Total expenses$347,367
XI-3 Revenue less expenses$466,441
XI-4 Net assets at start of year$1,096,323
XI-10 Net assets at end of year$1,562,764

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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