2025-10-27T10:56:29-05:00 2024-12-31 450250958 EIDE BAILLY LLP 5 TRIAD CENTER STE 600 SALT LAKE CITY UT 841801106 990 2024-01-01 870215969 DRAPER IRRIGATION COMPANY DRAP 8015712232 12421 SOUTH 800 EAST PO BOX 156 DRAPER UT 84020 DARRIN L JENSEN CEO 8015712232 2025-10-09 1 1 KYLE FRITCH CPA P01313374 8015322200 2025-10-09 2024 2025-03-06 01:10:19Z DARRIN L JENSEN 12421 SOUTH 800 EAST PO BOX 156 DRAPER UT 84020 10571374 0 X N/A X 1888 UT MUTUAL DITCH OR IRRIGATION COMPANY 7 7 0 0 0 0 30230 516497 8640168 9793337 0 109235 48738 152305 8719136 10571374 0 0 0 0 2442220 2589849 0 0 0 5684966 6842895 8127186 9432744 591950 1138630 75947153 78274279 6125222 7341572 69821931 70932707 MUTUAL DITCH OR IRRIGATION COMPANY 0 0 TO PROVIDE CULINARY AND IRRIGATION WATER TO SHAREHOLDERS 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 9793337 653842 0 0 0 X 7 7 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 UT X X DARRIN JENSEN 8015712232 12421 S 800 E DRAPER UT 84020 GREG MATIS PRESIDENT 1.00 0.50 X X 0 5200 0 DALE SMITH VICE PRESIDENT 2.00 0.50 X X 0 5200 0 THOMAS WARD SECRETARY 1.00 0.50 X X 0 4400 0 KENT WARE DIRECTOR 1.00 X 0 4400 0 RYAN DAW DIRECTOR 1.00 X 0 4400 0 STEPHEN TRIPP DIRECTOR 1.00 X 0 4400 0 GEORGE GREENWOOD DIRECTOR 1.00 X 0 4400 0 DARRIN L JENSEN-PETERSON CHIEF EXECUTIVE OFFICER 1.00 50.00 X 0 241136 38407 0 273536 38407 0 0 1 0 0 516497 516497 WATER SALES 221000 9479935 9479935 CONNECTION/METER FEES 221000 163166 163166 CONTRIBUTED WATER DISTRIBUTION LI 221000 119042 119042 SYSTEM BUY IN FEE 221000 21775 21775 PROCESSING FEE 221000 9419 9419 9793337 98235 11000 0 0 98235 11000 109235 109235 OTHER INCOME 900099 152305 152305 152305 10571374 9945642 0 109235 1684371 905478 50515 48995 248187 117108 139686 61732 2412257 CULINARY WATER EXPENSE 1271635 REPAIRS/MAINTENANCE EXP 1013274 OPERATIONAL EXPENSE 680511 IRRIGATION WATER EXPENS 613001 185994 9432744 2127 2127 435607 507174 112236762 39831772 69769815 72404990 738100 738100 5001504 4621888 75947153 78274279 101835 110931 6000673 6338765 22714 891876 6125222 7341572 X -1236187 -1264041 591651 591651 70466467 71605097 69821931 70932707 75947153 78274279 X 1138630 -27854 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80000 80000 112156762 39831772 72324990 72404990 WATER RIGHTS 1932609 UTAH LAKE WATER USERS 1526149 NYL INSURANCE POLICY 754548 INVESTMENT IN WATERPRO 408582 4621888 BWR LOAN ACCRUED INTEREST 20253 INTERCOMPANY 871623 891876 X PART X, LINE 2: THE COMPANY EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2024 AND 2023, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. THE COMPANY WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. X X 0 1 0 DARRIN L JENSEN-PETERSON CHIEF EXECUTIVE OFFICER 0 206136 0 35000 0 0 0 12174 0 26233 0 279543 0 0 PART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS. PART I, LINE 4B THE ORGANIZATION HAS ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, THE EXECUTIVE INCOME CONTINUATION PLAN (THE PLAN). BASED ON THE NUMBER OF YEARS OF SERVICE, UPON RETIREMENT, THE PARTICIPATING EMPLOYEE WILL RECEIVE UP TO $250,000, PAYABLE IN EQUAL MONTHLY INSTALLMENTS OVER TEN YEARS. IN ORDER TO FUND THE PLAN, THE COMPANY PURCHASED LIFE INSURANCE POLICIES FOR THE EMPLOYEES COVERED UNDER THE PLAN FOR $250,000 EACH. THERE ARE CURRENTLY FIVE EMPLOYEES COVERED BY THE PLAN, INCLUDING ALL FOUR PERSONS REPORTED ON SCHEDULE J. FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT, VICE PRESIDENT, CEO, AND SECERTARY ARE OFFICERS OF WATER PRO, INC., A RELATED ORGANIZATION. THEREFORE, BUSINESS RELATIONSHIPS EXIST BETWEEN THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 3 WATERPRO, INC., A WHOLLY OWNED SUBSIDIARY OF DRAPER IRRIGATION, MANAGES THE OPERATIONS OF DRAPER IRRIGATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CORPORATION CONSIST OF OWNERS OF CLASS A AND CLASS B COMMON STOCK. EACH SHARE OF CLASS A AND CLASS B STOCK IS ENTITLED TO CAST ONE VOTE FOR THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS AT EACH ANNUAL STOCKHOLDERS MEETING. EACH SHARE OF CLASS A COMMON STOCK IS ALSO ENTITLED TO CAST ONE VOTE ON ANY OTHER MATTER PRESENTED TO THE STOCKHOLDERS FOR A VOTE. FORM 990, PART VI, SECTION A, LINE 7A EACH SHARE OF CLASS A AND CLASS B STOCK IS ENTITLED TO CAST ONE VOTE FOR THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS AT EACH ANNUAL STOCKHOLDERS MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION MAY DISSOLVE OR DISPOSE OF SUBSTANTIALLY ALL OF ITS PROPERTY ONLY UPON THE APPROVAL OF STOCKHOLDERS HOLDING AT LEAST TWO-THIRDS OF THE CLASS A STOCK. FORM 990, PART VI, SECTION B, LINE 11B THE CEO REVIEW AND SIGNS THE 990 FORM 990, PART VI, SECTION B, LINE 12C A REVIEW IS COMPLETED ON ALL ITEMS IN QUESTION BY THE CEO AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT SHAREHOLDERS MEETINGS AND ANYTIME A SHAREHOLDER SENDS A WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION 1,799. CHANGES IN TREASURY STOCK RECEIVABLE 447. TREASURY STOCK PURCHASE -53,900. TREASURY STOCK REISSUED 23,800. WATER PRO INCORPORATED 12421 SOUTH 800 EAST PO BOX 156 DRAPER UT 84020 870572672 MANAGEMENT UT DRAPER IRRIGATION C 4937222 6197757 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 WATER PRO INCORPORATED K 181046 ALLOCATED WATER PRO INCORPORATED O 3925216 ALLOCATED WATER PRO INCORPORATED P 2589849 ALLOCATED