Minatare Mutual Canal & Irrigating Co
501(c)(12)
Only null% goes to programs Thin reserves Growing revenue
Minatare Mutual Canal & Irrigating Co is a 501(c)(12) organization based in Minatare, Nebraska, registered in 1934, with $138,933 in FY2024 revenue. CharityIndex grades it D.
120464 Stonegate Rd, Minatare, NE, 69356 EIN 47-6034569 Since 1934
Revenue (FY2024)
$139K
▲ 20.1% vs prior year
Expenses (FY2024)
$144K
Net assets
-$9,550
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Minatare Mutual Canal & Irrigating Co— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Minatare Mutual Canal & Irrigating Co: 0 mo reserves · -3% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Minatare Mutual Canal & Irrigating Co— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Minatare Mutual Canal & Irrigating Co: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $54K (FY2015) to $139K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18KNet assets -$9,550
Operating margin
-3.4%
Spent more than it raised in the latest fiscal year.
Total assets
$8,450
Total liabilities
$18K
Net assets
-$9,550
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $138,933▲20.1% | $143,600▲76.4% | -$9,550▼95.6% | $8,450▼66.4% | 990EZ |
| 2023 | $115,711▲69.1% | $81,420▼25.3% | -$4,883▲87.5% | $25,117▲58.7% | 990EZ |
| 2022 | $68,412▼24.5% | $109,025▼10.6% | -$39,175▼2824% | $15,825▼26.2% | 990EZ |
| 2021 | $90,606▲54.9% | $122,019▲169% | $1,438▼96.3% | $21,438▼45.3% | 990EZ |
| 2019 | $58,509▲7.7% | $45,330▼22.4% | $39,208▲50.6% | $39,208▲8.8% | 990EZ |
| 2018 | $54,315▲22.1% | $58,415▼12.5% | $26,028▼13.6% | $36,028▼10.2% | 990EZ |
| 2017 | $44,494▼27.3% | $66,755▲52.9% | $30,128▼42.5% | $40,128▼23.4% | 990EZ |
| 2016 | $61,189▲13.7% | $43,665▼16.1% | $52,389▲138% | $52,389▲26.8% | 990EZ |
| 2015 | $53,805 | $52,071 | $22,046 | $41,322 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Minatare Mutual Canal & Irrigating Co a legitimate nonprofit?
- Yes. Minatare Mutual Canal & Irrigating Co is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 47-6034569, based in Minatare, Nebraska.
- What is Minatare Mutual Canal & Irrigating Co's EIN?
- Minatare Mutual Canal & Irrigating Co's Employer Identification Number (EIN) is 47-6034569.
- How much revenue does Minatare Mutual Canal & Irrigating Co report?
- Minatare Mutual Canal & Irrigating Co reported $138,933 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Minatare Mutual Canal & Irrigating Co have?
- CharityIndex grades Minatare Mutual Canal & Irrigating Co D, based on financial health (reserves and operating margin).
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Data for Minatare Mutual Canal & Irrigating Co (EIN 47-6034569) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.