Nonprofit · EIN 87-0232973
PROVO RESERVOIR WATER USERS COMPANY
Tax-exempt · OREM, UT 84097
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,274,102 | $1,825,688 | $448,414 | $39,953,766 | $14,334,157 | $25,619,609 |
| December 31, 2024 | 990 | $1,834,044 | $2,088,722 | -$254,678 | $39,769,161 | $15,756,939 | $24,012,222 |
| December 31, 2023 | 990 | $1,575,200 | $1,752,066 | -$176,866 | $39,625,536 | $16,491,116 | $23,134,420 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,201,909
- Investment income
- $72,193
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,782
- Salaries, compensation and benefits (total)
- $51,320
- Professional fundraising fees
- $0
- Legal fees
- $22,386
- Accounting fees
- $14,503
- Occupancy
- $4,455
- Depreciation
- $4,787
Balance sheet and other
- Total assets, start of year
- $39,769,161
- Total assets, end of year
- $39,953,766
- Total liabilities, end of year
- $14,334,157
- Net assets, end of year
- $25,619,609
- Publicly traded securities
- $1,294,704
- Gross receipts
- $2,274,102
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1920
- State of legal domicile
- UT
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tamara Shafer | Secretary Officer | 5 | $37,907 | $6,205 |
| John Bushman | Board Member Trustee or director | 1 | $375 | $0 |
| Mark Thompson | Board Member Trustee or director | 1 | $375 | $0 |
| Tim Crandall | Officer Trustee or director | 1 | $125 | $0 |
| Wade Tuft | President Trustee or director, Officer | 1 | $0 | $0 |
| Shazelle Terry | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Chris Tschirki | Board Member Trustee or director | 1 | $0 | $0 |
| Jacob Young | Board Member Trustee or director | 1 | $0 | $0 |
| Gordon Batt | Board Member Trustee or director | 1 | $0 | $0 |
| Reed Price | Board Member Trustee or director | 1 | $0 | $0 |
| Jaden Shafer | Treasurer Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tamara Shafer | Secretary Officer | 5 | $34,295 | $6,747 |
| John Bushman | Board Member Trustee or director | 1 | $225 | $0 |
| Mark Thompson | Board Member Trustee or director | 1 | $225 | $0 |
| Wade Tuft | President Trustee or director, Officer | 1 | $0 | $0 |
| Shazelle Terry | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Chris Tschirki | Board Member Trustee or director | 1 | $0 | $0 |
| Jacob Young | Board Member Trustee or director | 1 | $0 | $0 |
| Gordon Batt | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tamara Shafer | Secretary Officer | 5 | $34,295 | $6,747 |
| John Bushman | Board Member Trustee or director | 1 | $225 | $0 |
| Mark Thompson | Board Member Trustee or director | 1 | $225 | $0 |
| Tim Crandall | Board Member Trustee or director | 1 | $125 | $0 |
| Wade Tuft | President Trustee or director, Officer | 1 | $0 | $0 |
| Shazelle Terry | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Steve Brown | Board Member Trustee or director | 1 | $0 | $0 |
| Reed Price | Board Member Trustee or director | 1 | $0 | $0 |
| Jacob Young | Board Member Trustee or director | 1 | $0 | $0 |
| Gordon Bott | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1156 S STATE ST STE 201, OREM, UT 84097-8235
- Principal officer (990 for 2025)
- Wade Tuft, 1156 South State 201, Orem, UT 84097
- Signed the 990
- Wade Tuft, President
- Phone
- (801) 225-6746
- Return prepared by
- Squire & Company PC
Mission
The Company is responsible for the delivery of irrigation water to its shareholders. The Company is also responsible for the maintenance of the canals used for irrigation water delivery by assessing its shareholders the anticipated costs of its operations and maintenance.
Program accomplishments
- Delivery of irrigation water and canal maintenance
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 | 990 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
- 87-0232973
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $39,953,766
- Income (IRS master file)
- $2,274,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,274,102 | $1,825,688 | $39,953,766 | XML |
| 990 | December 2024 | $1,834,044 | $2,088,722 | $39,769,161 | XML |
| 990 | December 2023 | $1,575,200 | $1,752,066 | $39,625,536 | XML |
| 990 | December 2022 | $1,614,879 | $1,425,937 | $39,438,780 | 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 87-0232973).
Questions about PROVO RESERVOIR WATER USERS COMPANY
- What is the EIN of PROVO RESERVOIR WATER USERS COMPANY?
- The employer identification number (EIN) of PROVO RESERVOIR WATER USERS COMPANY is 87-0232973.
- Is PROVO RESERVOIR WATER USERS COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to PROVO RESERVOIR WATER USERS COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROVO RESERVOIR WATER USERS 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 PROVO RESERVOIR WATER USERS COMPANY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVO RESERVOIR WATER USERS COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROVO RESERVOIR WATER USERS COMPANY?
- The 990 for the year ended December 31, 2025 names Wade Tuft.
- Who are the officers and directors of PROVO RESERVOIR WATER USERS COMPANY?
- The 990 for the year ended December 31, 2025 lists 11 people; 4 received compensation from the organization, the highest $37,907 (Tamara Shafer, Secretary).
- How much revenue does PROVO RESERVOIR WATER USERS COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,274,102, expenses of $1,825,688 and total assets of $39,953,766 at year end.
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