TY 2013 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) Tom Blackmer........................................................................
Director

6.00
.......................0.00

1,550

(2) John Nunn........................................................................
Director

6.00
.......................0.00

30,176

(3) Danny Decker........................................................................
Director

6.00
.......................0.00

1,550

(4) James Snyder........................................................................
Director

6.00
.......................0.00

1,550

(5) Slim McWilliams........................................................................
Director

6.00
.......................0.00

1,100

(6) Greg Black........................................................................
Sec/Treasurer

6.00
.......................0.00

1,550

(7) Gerald Koppenhafer........................................................................
President & CEO

15.00
.......................0.00

1,100

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	0
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	0
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	30,176
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	318,725
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	6,465
9	Other employee benefits .......	50,886
10	Payroll taxes ...........	37,181
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	88,916
c	Accounting ...........	7,744
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........	13,845
12	Advertising and promotion ....	0
13	Office expenses .......	16,860
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	0
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	4,231
20	Interest ...........	73,019
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	662,620
23	Insurance ..............	42,827
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Headgates and pipe	76,878
b	Project water obligation	63,200
c	Fuel	55,274
d	TH Canal expense	37,103
e	All other expenses	133,171
25	Total functional expenses. Add lines 1 through 24e	1,719,121	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to governments and organizations in the United States. See Part IV, line 21

Grants and other assistance to individuals in the United States. See Part IV, line 22

Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16

Benefits paid to or for members

Compensation of current officers, directors, trustees, and key employees ....

30,176

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages

318,725

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

6,465

Other employee benefits .......

50,886

Payroll taxes ...........

37,181

Fees for services (non-employees):

Management ......

Legal .........

88,916

Accounting ...........

7,744

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........

13,845

Advertising and promotion ....

Office expenses .......

16,860

Information technology ......

Royalties ..

Occupancy ...........

Travel ............

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

4,231

Interest ...........

73,019

Payments to affiliates .......

Depreciation, depletion, and amortization .....

662,620

Insurance ..............

42,827

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

Headgates and pipe

76,878

Project water obligation

63,200

Fuel

55,274

TH Canal expense

37,103

All other expenses

133,171

Total functional expenses. Add lines 1 through 24e

1,719,121

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	276,644	1	136,457
2	Savings and temporary cash investments .........		2	0
3	Pledges and grants receivable, net ...........		3	0
4	Accounts receivable, net .............	15,906	4	10,663
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6	0
7	Notes and loans receivable, net .............		7	0
8	Inventories for sale or use ..............		8	0
9	Prepaid expenses and deferred charges ..........		9	0
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	13,174,508
b	Less: accumulated depreciation .....	10b	4,251,260	9,245,192	10c	8,923,248
11	Investments—publicly traded securities ..........	1,285,942	11	1,209,230
12	Investments—other securities. See Part IV, line 11 .....		12	0
13	Investments—program-related. See Part IV, line 11 .....		13	0
14	Intangible assets ...............		14	0
15	Other assets. See Part IV, line 11 ...........		15	0
16	Total assets. Add lines 1 through 15 (must equal line 34)......	10,823,684	16	10,279,598
	17	Accounts payable and accrued expenses .........	271,917	17	145,440
18	Grants payable .................		18
19	Deferred revenue ................		19	15,687
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..	3,449,693	23	3,232,050
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	3,721,610	26	3,393,177
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........	33,284	30	33,284
31	Paid-in or capital surplus, or land, building or equipment fund .....	1,285,942	31	1,209,230
32	Retained earnings, endowment, accumulated income, or other funds	5,782,848	32	5,643,907
33	Total net assets or fund balances ...........	7,102,074	33	6,886,421
34	Total liabilities and net assets/fund balances ........	10,823,684	34	10,279,598

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

276,644

136,457

Savings and temporary cash investments .........

Pledges and grants receivable, net ...........

Accounts receivable, net .............

15,906

10,663

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

Prepaid expenses and deferred charges ..........

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

13,174,508

Less: accumulated depreciation .....

10b

4,251,260

9,245,192

10c

8,923,248

Investments—publicly traded securities ..........

1,285,942

1,209,230

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

Total assets. Add lines 1 through 15 (must equal line 34)......

10,823,684

10,279,598

Accounts payable and accrued expenses .........

271,917

145,440

Grants payable .................

Deferred revenue ................

15,687

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

3,449,693

3,232,050

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

3,721,610

3,393,177

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

33,284

Paid-in or capital surplus, or land, building or equipment fund .....

1,285,942

1,209,230

Retained earnings, endowment, accumulated income, or other funds

5,782,848

5,643,907

Total net assets or fund balances ...........

7,102,074

6,886,421

Total liabilities and net assets/fund balances ........

10,823,684

10,279,598

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) .....
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Description of property	(a) Cost or other basis (investment)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	5,340		5,340
b	Buildings ................	241,368	109,188	132,180
c	Leasehold improvements ............	1,346	251	1,095
d	Equipment ................	1,636,030	990,785	645,245
e	Other .................	11,290,424	3,151,036	8,139,388
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......	8,923,248

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

Montezuma Valley Irrigation Co

Employer identification number

84-0270210

Return Reference	Explanation
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	Shareholders pay dues on a per share basis for water to be delivered to their property by the Organization. Shareholders also pay a flat fee on an annual basis to cover maintenance costs. Proposed increases to either of these revenue streams are subject to a vote by the shareholders.
Form 990, Part VI, Line 11b: Form 990 Review Process	Before filing, a draft of the return is presented to the Board and General Manager, and explained by the preparer. All policy questions are reviewed and discussed for accuracy and explanations are reviewed for completeness. Any clarifications are noted and input before filing.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	New Board members receive instruction and policy statements as to the conflict of interest policy of the Organization.Monitoring of the conflict of interest policy is an on going excercise. The Board conducts regular monthly meetings as well as special meetings when necessary. Board members who find themselves in a conflict situation are required to disclose the circumstances to the Board immediately and if necessary, resign from service.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	The salary of the Organization's general manager is established and reviewed annually by the Governing Board. Factors considered when administering and establishing that salary are the experience and education of the employee,and salaries paid by other organizations for comparable duties and responsibilities.On a yearly basis, goals and objectives are mutually set for the Organization and the General Manager by the Govering Board. Those objectives are monitored through the year along with accomplishments and progress of the general manager toward meeting Organization objectives. Another factor considered in the salary review process is current and expected economic conditions as they affect the Organization and its ability to support higher salaries.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	The Organization's bylaws, conflict of interest policy,financial statements and Form 990 are available to the shareholders on an individual request basis. A shareholder may request a copy of any of these documents and collect them at the Organization main officeAll of these documents are made available at the annual shareholders meeting held in January of each year.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000170
Software Version:	2013v3.1

1	Briefly describe the organization’s mission or most significant activities: Montezuma Valley Irrigation Company has oversight responsibility and control over the delivery of irrigation water as well as the construction, maintenance and care of facilities to deliver such water to it's 1,407 shareholders.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	15
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	1,458,925	1,497,677
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	101,424	33,901
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	28,143	48,601
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	1,588,492	1,580,179
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	488,292	443,433
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,040,708	1,275,688
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,529,000	1,719,121
19	Revenue less expenses. Subtract line 18 from line 12.......	59,492	-138,942
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	10,823,684	10,279,598
21	Total liabilities (Part X, line 26).............	3,721,610	3,393,177
22	Net assets or fund balances. Subtract line 21 from line 20.....	7,102,074	6,886,421

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	Operation and maintenance of a water irrigation system to serve the irrigation needs of the Organization's 1,407 members.Enhancements have been added to the two canals on which the Organization has performed major reconstruction and mitigation over the past four years. Improvements include a state of the art screen and filtration system which will reduce waste and improve water delivery efficiency. Solar panels have been installed for better energy efficency and water measuremment accuracy.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	38,576

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			0
			Business Code
2a	Member Assessments			1,497,677	1,497,677
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			1,497,677
3	Investment income (including dividends, interest, and other similar amounts).......			101,434			101,434
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties...........			0
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......			0
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses		67,533
c	Gain or (loss)		-67,533
d	Net gain or (loss)..........			-67,533	-67,533
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a	Misc admin fees and sales			48,601	48,601
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			48,601
12	Total revenue. See Instructions......			1,580,179	1,478,745		101,434

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................