Nonprofit · EIN 45-2344210
BANE AND THOMAS DITCH COMPANY
Tax-exempt · NEW ALBANY, OH 43054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,000 | $76,644 | -$66,644 | $2,076,441 | $0 | $2,076,441 |
| December 31, 2024 | 990 | $0 | $71,052 | -$71,052 | $2,143,085 | $0 | $2,143,085 |
| December 31, 2023 | 990 | $3,375 | $72,483 | -$69,108 | $2,214,137 | $0 | $2,214,137 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,235
- Depreciation
- $70,344
- Program services (functional)
- $70,344
- Management and general (functional)
- $6,300
Balance sheet and other
- Total assets, start of year
- $2,143,085
- Total assets, end of year
- $2,076,441
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,076,441
- Land, buildings and equipment
- $992,456
- Gross receipts
- $10,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- CO
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 |
|---|---|---|---|
| IAN CARNEY | PRESIDENT & DIRECTOR Trustee or director, Officer | 10 | $0 |
| PEG UGLAND | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| ANDREA TRAUL | SECRETARY & DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IAN CARNEY | PRESIDENT & DIRECTOR Trustee or director, Officer | 10 | $0 |
| PEG UGLAND | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| ANDREA TRAUL | SECRETARY & DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IAN CARNEY | PRESIDENT & DIRECTOR Trustee or director, Officer | 10 | $0 |
| PEG UGLAND | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| ANDREA TRAUL | SECRETARY & DIRECTOR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8000 WALTON PKWY STE 100, NEW ALBANY, OH 43054-7075
- In care of
- % PEG UGLAND
- Principal officer (990 for 2025)
- IAN CARNEY, 8000 WALTON PARKWAY, NEW ALBANY, OH 43054
- Signed the 990
- IAN CARNEY, PRESIDENT
- Phone
- (614) 939-6000
- Return prepared by
- CORNICK GARBER & SANDLER LLP
Mission
TO OPERATE, MAINTAIN, REPAIR AND ENLARGE AN IRRIGATION DITCH LOCATED IN THE ROARING FORK RIVER BASIN OF COLORADO. PROVIDE IRRIGATION WATER TO THE CORPORATION'S SHAREHOLDERS WHO ARE THE OWNERS OF THE LAND ADJACENT TO THE DITCH.
Program accomplishments
- TO OPERATE, MAINTAIN, REPAIR AND ENLARGE AN IRRIGATION DITCHLOCATED IN THE ROARING FORK RIVER BASIN OF COLORADO. PROVIDEIRRIGATION WATER TO THE CORPORATION'S SHAREHOLDERS WHO ARE THEOWNERS OF THE LAND ADJACENT TO THE DITCH.Expenses $70,344
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 45-2344210
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $2,076,441
- Income (IRS master file)
- $10,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,000 | $76,644 | $2,076,441 | XML |
| 990 | December 2024 | $0 | $71,052 | $2,143,085 | IRS |
| 990 | December 2023 | $3,375 | $72,483 | $2,214,137 | XML |
| 990 | December 2022 | $0 | $70,876 | $2,283,245 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 45-2344210).
Questions about BANE AND THOMAS DITCH COMPANY
- What is the EIN of BANE AND THOMAS DITCH COMPANY?
- The employer identification number (EIN) of BANE AND THOMAS DITCH COMPANY is 45-2344210.
- Is BANE AND THOMAS DITCH COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2013.
- Are donations to BANE AND THOMAS DITCH COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BANE AND THOMAS DITCH COMPANY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BANE AND THOMAS DITCH 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 BANE AND THOMAS DITCH 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 BANE AND THOMAS DITCH COMPANY?
- The 990 for the year ended December 31, 2025 names IAN CARNEY.
- Who are the officers and directors of BANE AND THOMAS DITCH COMPANY?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BANE AND THOMAS DITCH COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,000, expenses of $76,644 and total assets of $2,076,441 at year end.
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