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Nonprofit · EIN 82-0304588

GRINDSTONE BUTTE MUTUAL CANAL COMPANY

Tax-exempt · CHAMPAIGN, IL 61820

Financials

$4.4M$4.4M2023$4.3M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of GRINDSTONE BUTTE MUTUAL CANAL COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,309,964$4,309,964$0$200$0$200
December 31, 2023990$4,382,158$4,382,158$0$200$0$200
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,309,964
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$26,000
Program services (functional)
$4,309,964

Balance sheet and other

Total assets, start of year
$200
Total assets, end of year
$200
Total liabilities, end of year
$0
Net assets, end of year
$200
Gross receipts
$4,309,964
Employees
0
Year formed
1967
State of legal domicile
ID

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.

NameTitleHours / weekCompensation
BRET ANDERSENVICE PRESIDE
Trustee or director, Officer
–$0
MICHAEL STOCKBURGERPRESIDENT
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
BRET ANDERSENVICE PRESIDE
Trustee or director, Officer
–$0
MICHAEL STOCKBURGERPRESIDENT
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
2004 FOX DR STE L, CHAMPAIGN, IL 61820-7346
Principal officer (990 for 2024)
MICHAEL STOCKBURGER
Signed the 990
MICHAEL STOCKBURGER, PRESIDENT
Phone
(208) 342-6524
Return prepared by
RIPLEY DOORN & COMPANY PLLC

Mission

TO MAINTAIN AN IRRIGATION SYSTEM NEEDED TO PROVIDE WATER TO FARMS OF THE CANAL COMPANY'S MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRINDSTONE BUTTE MUTUAL CANAL COMPANY MAINTAINS AN IRRIGATION SYSTEM NEEDED TO PROVIDE WATER TO FARMS OF THE CANAL COMPANY'S MEMBERS.
    Expenses $4,309,964 · revenue $4,309,964

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0304588
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$200
Income (IRS master file)
$4,309,964

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,309,964$4,309,964$200IRS
990December 2023$4,382,158$4,382,158$200XML
990December 2022$4,589,183$4,589,183$200IRS
990December 2021$3,821,064$3,821,064$200IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 82-0304588).

Questions about GRINDSTONE BUTTE MUTUAL CANAL COMPANY

What is the EIN of GRINDSTONE BUTTE MUTUAL CANAL COMPANY?
The employer identification number (EIN) of GRINDSTONE BUTTE MUTUAL CANAL COMPANY is 82-0304588.
Is GRINDSTONE BUTTE MUTUAL CANAL COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1973.
Are donations to GRINDSTONE BUTTE MUTUAL CANAL COMPANY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GRINDSTONE BUTTE MUTUAL CANAL COMPANY 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 GRINDSTONE BUTTE MUTUAL CANAL COMPANY 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 GRINDSTONE BUTTE MUTUAL CANAL COMPANY 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 GRINDSTONE BUTTE MUTUAL CANAL COMPANY?
The 990 for the year ended December 31, 2024 names MICHAEL STOCKBURGER.
Who are the officers and directors of GRINDSTONE BUTTE MUTUAL CANAL COMPANY?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does GRINDSTONE BUTTE MUTUAL CANAL COMPANY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,309,964, expenses of $4,309,964 and total assets of $200 at year end.

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