Nonprofit · EIN 81-0244871
PONDERA COUNTY CANAL & RESERVOIR CO
Tax-exempt · VALIER, MT 59486
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,302,820 | $2,607,517 | $695,303 | $12,234,676 | $1,757,243 | $10,477,433 |
| December 31, 2023 | 990 | $2,917,852 | $2,529,273 | $388,579 | $12,097,271 | $2,315,141 | $9,782,130 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $75,436
- of which government grants
- $75,436
- Program service revenue
- $3,134,857
- Investment income
- $92,527
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,988
- Other salaries and wages
- $761,118
- Salaries, compensation and benefits (total)
- $1,284,226
- Professional fundraising fees
- $0
- Accounting fees
- $9,900
- Occupancy
- $33,306
- Travel
- $61,596
- Depreciation
- $643,861
- Program services (functional)
- $2,303,763
- Management and general (functional)
- $303,754
Balance sheet and other
- Total assets, start of year
- $12,097,271
- Total assets, end of year
- $12,234,676
- Total liabilities, end of year
- $1,757,243
- Net assets, end of year
- $10,477,433
- Land, buildings and equipment
- $10,484,750
- Gross receipts
- $3,302,820
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1909
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER RICE | MANAGER Officer | 40 | $158,007 | $25,686 |
| SHAWN VERMULM | VICE-PRESIDENT Trustee or director, Officer | 2 | $2,650 | $0 |
| JERRY JOHNS | DIRECTOR Trustee or director | 2 | $2,452 | $0 |
| CORY CRAWFORD | PRESIDENT Trustee or director, Officer | 2 | $2,151 | $0 |
| TANNER JOHNSON | SECRETARY/TREASURER Trustee or director, Officer | 2 | $2,026 | $0 |
| CASEY WHEELER | DIRECTOR Trustee or director | 2 | $1,100 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLE PEEBLES | MANAGER Officer | 40 | $126,659 | $26,343 |
| HEATHER RICE | MANAGER Officer | 40 | $42,090 | $3,796 |
| SHAWN VERMULM | DIRECTOR Trustee or director | 2 | $2,260 | $0 |
| JERRY JOHNS | PRESIDENT Trustee or director, Officer | 2 | $2,152 | $0 |
| KYLE DEAN | VICE-PRESIDENT Trustee or director, Officer | 2 | $2,065 | $0 |
| TANNER JOHNSON | DIRECTOR Trustee or director | 2 | $1,990 | $0 |
| CORY CRAWFORD | SECRETARY/TREASURER Trustee or director, Officer | 2 | $1,896 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 245, VALIER, MT 59486-0245
- Principal officer (990 for 2024)
- HEATHER RICE, PO BOX 245, VALIER, MT 59486
- Signed the 990
- CORY CRAWFORD, PRESIDENT
- Phone
- (406) 279-3315
- Website
- PONDERACANALCOMPANY.COM
- Return prepared by
- DOUGLAS WILSON & COMPANY PC
Mission
DEVELOP, OPERATE AND MAINTAIN AN IRRIGATION SYSTEM FOR THE COMPANY'S MEMBERS
Program accomplishments
- THE COMPANY CURRENTLY MAINTAINS SWIFT DAM, 500 MILES OF CANALS, HUNDREDS OF DIVERSIONS AND TWO DAM STRUCTURES ON LAKE FRANCES FOR DELIVERY OF WATER TO THE 380 SHAREHOLDERS OF THE COMPANY. APPROXIMATELY 65,000 ACRES OF LAND WERE IRRIGATED WITH WATER PROVIDED BY THE COMPANY DURING 2024.Expenses $2,303,763 · revenue $3,134,857
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0244871
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y99)
- Assets (IRS master file)
- $12,234,676
- Income (IRS master file)
- $3,302,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,302,820 | $2,607,517 | $12,234,676 | XML |
| 990 | December 2023 | $2,917,852 | $2,529,273 | $12,097,271 | XML |
| 990 | December 2022 | $2,834,415 | $2,101,684 | $12,035,294 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0244871).
Questions about PONDERA COUNTY CANAL & RESERVOIR CO
- What is the EIN of PONDERA COUNTY CANAL & RESERVOIR CO?
- The employer identification number (EIN) of PONDERA COUNTY CANAL & RESERVOIR CO is 81-0244871.
- Is PONDERA COUNTY CANAL & RESERVOIR CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2018.
- Are donations to PONDERA COUNTY CANAL & RESERVOIR CO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PONDERA COUNTY CANAL & RESERVOIR CO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PONDERA COUNTY CANAL & RESERVOIR CO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PONDERA COUNTY CANAL & RESERVOIR CO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PONDERA COUNTY CANAL & RESERVOIR CO?
- The 990 for the year ended December 31, 2024 names HEATHER RICE.
- Who are the officers and directors of PONDERA COUNTY CANAL & RESERVOIR CO?
- The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $158,007 (HEATHER RICE, MANAGER).
- How much revenue does PONDERA COUNTY CANAL & RESERVOIR CO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,302,820, expenses of $2,607,517 and total assets of $12,234,676 at year end.
Other nonprofits in VALIER
- DAVID I BOOTH EVANGELISTIC ASSOCIATION INC EIN 23-7223583 · last filed 990-EZ for 2025
- VALIER EDUCATION FOUNDATION INC EIN 20-0995356 · last filed 990-EZ for 2024
- CHOTEAU MAT SHARKS WRESTLING EIN 47-3403628 · last filed 990-N for 2025
- VALIER AREA DEVELOPMENT CORPORATION EIN 81-0390398 · last filed 990-N for 2025
- FARMING FORWARD EIN 82-4814893 · last filed 990-N for 2025
- VALIER LITTLE GUY WRESTLING EIN 99-0446970 · last filed 990-N for 2024
- ROCKY MOUNTAIN FRONT RANCHLANDS GROUP EIN 88-2253676 · last filed 990-N for 2025
- AMERICAN LEGION AUXILIARY EIN 81-6012767 · last filed 990-N for 2025
All nonprofits in VALIER · Montana · Mutual and membership benefit