Civic Intelligence

Bessemer Irrigating Ditch Company

990 • Fiscal year 2019 • EIN 84-0148340

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 11, 2020

503 N Main St Suite 216Pueblo, CO 81003

(719) 544-8584

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.32x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.94x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Net Margin

47th percentile

3.8%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$76,704

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Asset Growth

93rd percentile

18%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

-0.6%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,987,078

Up $456,291 (+18%) from 2018

Net Assets

Up

$2,027,527

Up $38,645 (+1.9%) from 2018

Liabilities

Up

$959,551

Up $417,646 (+77%) from 2018

Revenue

Down

$1,025,736

Down $6,644 (-0.6%) from 2018

Expenses

Up

$987,091

Up $352,995 (+56%) from 2018

Net Income

Down

$38,645

Down $359,639 (-90%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,710,311Liabilities 2010: $27,994Net Assets 2010: $1,682,3172010Assets 2011: $1,760,473Liabilities 2011: $47,545Net Assets 2011: $1,712,9282011Assets 2012: $1,779,416Liabilities 2012: $21,213Net Assets 2012: $1,758,2032012Assets 2013: $1,921,321Liabilities 2013: $55,690Net Assets 2013: $1,865,6312013Assets 2014: $1,422,861Liabilities 2014: $58,445Net Assets 2014: $1,364,4162014Assets 2015: $1,330,571Liabilities 2015: $31,190Net Assets 2015: $1,299,3812015Assets 2016: $1,504,450Liabilities 2016: $39,811Net Assets 2016: $1,464,6392016Assets 2017: $1,731,697Liabilities 2017: $141,099Net Assets 2017: $1,590,5982017Assets 2018: $2,530,787Liabilities 2018: $541,905Net Assets 2018: $1,988,8822018Assets 2019: $2,987,078Liabilities 2019: $959,551Net Assets 2019: $2,027,5272019Assets 2020: $2,919,142Liabilities 2020: $987,889Net Assets 2020: $1,931,2532020Assets 2021: $3,309,925Liabilities 2021: $955,065Net Assets 2021: $2,354,8602021Assets 2022: $3,940,824Liabilities 2022: $771,586Net Assets 2022: $3,169,2382022Assets 2023: $3,888,712Liabilities 2023: $752,034Net Assets 2023: $3,136,6782023Assets 2024: $3,791,043Liabilities 2024: $1,171,057Net Assets 2024: $2,619,9862024Assets 2025: $3,747,595Liabilities 2025: $1,128,693Net Assets 2025: $2,618,9022025

Highlighted filing

2019

Assets$2,987,078
Liabilities$959,551
Net Assets$2,027,527

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $734,7622010Expenses 2011: $793,5312011Expenses 2012: $969,7652012Revenue 2013: $818,087Expenses 2013: $710,659Net Income 2013: $107,4282013Revenue 2014: $816,030Expenses 2014: $1,317,245Net Income 2014: -$501,2152014Revenue 2015: $913,807Expenses 2015: $978,842Net Income 2015: -$65,0352015Revenue 2016: $1,056,038Expenses 2016: $890,780Net Income 2016: $165,2582016Revenue 2017: $1,024,072Expenses 2017: $898,113Net Income 2017: $125,9592017Revenue 2018: $1,032,380Expenses 2018: $634,096Net Income 2018: $398,2842018Revenue 2019: $1,025,736Expenses 2019: $987,091Net Income 2019: $38,6452019Revenue 2020: $1,022,463Expenses 2020: $1,118,737Net Income 2020: -$96,2742020Revenue 2021: $1,051,906Expenses 2021: $628,299Net Income 2021: $423,6072021Revenue 2022: $1,545,146Expenses 2022: $744,684Net Income 2022: $800,4622022Revenue 2023: $1,009,773Expenses 2023: $1,042,333Net Income 2023: -$32,5602023Revenue 2024: $1,241,185Expenses 2024: $1,257,877Net Income 2024: -$16,6922024Revenue 2025: $1,386,916Expenses 2025: $1,388,000Net Income 2025: -$1,0842025

Highlighted filing

2019

Revenue$1,025,736
Expenses$987,091
Net Income$38,645
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 11, 2020
Return Version
2019v5.0
Gross Receipts
$1,025,736
Mission and Program Overview

Mission

The organization's mission to provide for repairs and maintenance of the bessemer ditch and provide delivery of water to its stockholders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,182,086$1,220,731▲ $38,645
Savings and Temporary Cash Investments$768,953$841,853▲ $72,900
Land, Buildings, and Equipment, Net$914,223$840,442▼ $73,781
Pd in Cap Srpls Land Bldg Eqp Fund$609,410$609,410→ $0
Investments Program Related$292,209$292,209→ $0
Cap Stk Tr Prin Current Funds$197,386$197,386→ $0
Accounts Receivable$32,387$61,767▲ $29,380
Prepaid Expenses and Deferred Charges$12,573$12,869▲ $296
Cash and Non-Interest-Bearing Accounts$100$200▲ $100
Total Assets$2,530,787$2,987,078▲ $456,291
Other Assets Total$510,342$937,738▲ $427,396
Liabilities
Mortgage Notes Payable Secured by Investment Property$477,537$889,907▲ $412,370
Deferred Revenue$31,047$28,462▼ $2,585
Accounts Payable and Accrued Expenses$29,478$25,362▼ $4,116
Other Liabilities$3,843$15,820▲ $11,977
Total Liabilities$541,905$959,551▲ $417,646
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,988,882$2,027,527▲ $38,645
Total Liabilities and Net Assets / Fund Balance$2,530,787$2,987,078▲ $456,291

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$332,826$2,734,032$3,066,858
Equipment$236,277$576,643$812,920
Land$271,339-$271,339
Investment Program Related Org$100--
Other Assets Org$937,738--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael S HillSecretary/trFT$76,704$76,704
Daniel GenovaPresident-$750$750
Thomas S RuslerDirector-$700$700
Robert R CentaDirector-$650$650
Alan WardDirector-$600$600
David SimpsonDirector-$600$600
Justin J DisantiVice Preside-$600$600
Blair WellsDirector-$550$550
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$993,633
Investment Income
$5,930
Other Revenue
$26,173
Change in Net Assets
$38,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$709,255
Salaries, Compensation, and Employee Benefits$277,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$211,830
Depreciation Depletion---$102,336
Other Employee Benefits---$44,599
Insurance---$36,908
Occupancy---$17,160
Payroll Taxes---$16,957
All Other Expenses---$16,647
Office Expenses---$13,980
Fees for Services Legal---$12,349
Other Expenses---$8,497
Fees for Services Other---$8,097
Current Officers, Directors, Trustees, and Key Employees---$4,450
Fees for Services Accounting---$4,000
Total Functional Expenses$0$0$0$987,091
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$15,820
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization was created by issuing shareholders water stock certificates. These can be traded or sold by the shareholder.

Form 990, Page 6, Part VI, Line 7A

Annually, an election is held to elect a certain portion of the board members. All shareholders get to vote.

Form 990, Page 6, Part VI, Line 8B

Minutes of all meetings are kept and documented. Any member has the right to review the minutes within reasonable time period upon request. All members are eligible to attend the annual meeting if they want.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is given to the secretary-treasurer to review. Upon his review and any suggestions/corrections being made, the form 990 is then filed.

Form 990, Page 6, Part VI, Line 15A

As part of the budget process, the secretary-treasurer arrives at comparable wages and presents the information to the full board. The board will review and then request additional information or agree and pass as part of the budget.

Form 990, Page 6, Part VI, Line 15B

As part of the budget process, the secretary-treasurer arrives at comparable wages and presents the information to the full board. The board will review and then request additional information or agree and pass as part of the budget.

Form 990, Page 6, Part VI, Line 19

On a monthly basis the financial statements are given to the board of directors and on a yearly basis the statements are presented at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Bessemer Irrigating Ditch Company
EIN
84-0148340
Phone
7195448584
Address
503 N MAIN ST SUITE 216, PUEBLO, CO 81003

Signing Officer

Name
Michael S Hill
Title
Secretary/treasurer
Phone
7195448584
Signed
2020-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Hill
Formed
1950
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Mgpm Pc
Address
503 N MAIN ST STE 740, PUEBLO, CO 81003
Preparer
Goodrich Ronald L
Phone
7195430516
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Repair and maintenance of ditch and delivery of water.

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt210927
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1R.O.W. - STONEMOOR HILLS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2R.O.W. - REAL ESTATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3ST. CHARLES MESA WATER DIST
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REPAIR AND MAINTENANCE OF DITCH AND DELIVERY OF WATER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WAS CREATED BY ISSUING SHAREHOLDERS WATER STOCK CERTIFICATES. THESE CAN BE TRADED OR SOLD BY THE SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, AN ELECTION IS HELD TO ELECT A CERTAIN PORTION OF THE BOARD MEMBERS. ALL SHAREHOLDERS GET TO VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES OF ALL MEETINGS ARE KEPT AND DOCUMENTED. ANY MEMBER HAS THE RIGHT TO REVIEW THE MINUTES WITHIN REASONABLE TIME PERIOD UPON REQUEST. ALL MEMBERS ARE ELIGIBLE TO ATTEND THE ANNUAL MEETING IF THEY WANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS GIVEN TO THE SECRETARY-TREASURER TO REVIEW. UPON HIS REVIEW AND ANY SUGGESTIONS/CORRECTIONS BEING MADE, THE FORM 990 IS THEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AS PART OF THE BUDGET PROCESS, THE SECRETARY-TREASURER ARRIVES AT COMPARABLE WAGES AND PRESENTS THE INFORMATION TO THE FULL BOARD. THE BOARD WILL REVIEW AND THEN REQUEST ADDITIONAL INFORMATION OR AGREE AND PASS AS PART OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AS PART OF THE BUDGET PROCESS, THE SECRETARY-TREASURER ARRIVES AT COMPARABLE WAGES AND PRESENTS THE INFORMATION TO THE FULL BOARD. THE BOARD WILL REVIEW AND THEN REQUEST ADDITIONAL INFORMATION OR AGREE AND PASS AS PART OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ON A MONTHLY BASIS THE FINANCIAL STATEMENTS ARE GIVEN TO THE BOARD OF DIRECTORS AND ON A YEARLY BASIS THE STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01025736
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IRS990/USAddress/CityNm0PUEBLO
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081003
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL S HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07195448584
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BESSEMER IRRIGATING DITCH COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0BESS
ReturnHeader/Filer/EIN0840148340
ReturnHeader/Filer/PhoneNum07195448584
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-02-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:58:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840628988
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MGPM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0503 N MAIN ST STE 740
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PUEBLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081003
ReturnHeader/PreparerPersonGrp/PhoneNum07195430516
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GOODRICH RONALD L
ReturnHeader/ReturnTs02020-02-12T09:58:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.75$1.13$2.62$1.39$1.39$0.00
2024Detailed filing. Detailed filing data is available for this year.$3.79$1.17$2.62$1.24$1.26$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.89$0.75$3.14$1.01$1.04$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.94$0.77$3.17$1.55$0.74$0.80
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.96$2.35$1.05$0.63$0.42
2020Detailed filing. Detailed filing data is available for this year.$2.92$0.99$1.93$1.02$1.12$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.96$2.03$1.03$0.99$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.53$0.54$1.99$1.03$0.63$0.40
2017Detailed filing. Detailed filing data is available for this year.$1.73$0.14$1.59$1.02$0.90$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.50$0.04$1.46$1.06$0.89$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.03$1.30$0.91$0.98$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.06$1.36$0.82$1.32$0.50
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.06$1.87$0.82$0.71$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.02$1.76$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.05$1.71$0.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.03$1.68$0.73