Ramsey Water Co Inc

Ramsey, IN
Tax-exempt since June 1965
EIN: 35-1062251

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$6.2M (2024)

Expenses

$6.17M (2024)

Total Assets

$26.7M (2024)

Total Liabilities

$11.9M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$6,200,365

Expenses

$6,166,514

Net Income

$33,851

Net Assets

$14,847,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,025,496	97.2%
Investment Income	$168,958	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,911	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$169,095	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,014,312	16.4%

Assets/Debt
Total Assets	$26,748,057
Total Liabilities	$11,900,133
Net Assets	$14,847,924

Club or Co-Op Income
Income From Members	$6,025,496
Income From Other Sources	$174,869

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Brace (General Manager)	$125,438	$0	$0
William T Ramsey (Director)	$9,863	$0	$0
James Schilmiller (Director)	$8,750	$0	$0
Karl Benz (President)	$7,913	$0	$0
Suzanne Kaiser (Vice President)	$6,900	$0	$0
Brian Wehneman (Secretary)	$6,038	$0	$0
Richert Harbeson (Director)	$4,193	$0	$0

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990

Filed on May 22, 2025

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Fiscal Year Ending Dec.
2023

Revenue

$5,953,470

Expenses

$4,871,806

Net Income

$1,081,664

Net Assets

$21,497,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,841,249	98.1%
Investment Income	$85,336	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,785	0.4%
Net Fundraising	$0
Sales of Assets	$5,100	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$180,844	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$710,043	14.6%

Assets/Debt
Total Assets	$25,968,979
Total Liabilities	$4,471,563
Net Assets	$21,497,416

Club or Co-Op Income
Income From Members	$5,862,796
Income From Other Sources	$85,574

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Brace (General Manager)	$112,858	$0	$32,270
Karl Benz (President)	$7,322	$0	$0
Tom Ramsey (Director)	$7,287	$0	$0
James Schilmiller (Director)	$6,600	$0	$0
Brian Wehneman (Secretary)	$5,294	$0	$0
Suzanne Kaiser (Vice President)	$4,813	$0	$0
Richert Harbeson (Director)	$4,400	$0	$0

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990

Filed on Nov. 13, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$5,750,481

Expenses

$4,605,301

Net Income

$1,145,180

Net Assets

$19,594,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,602,464	97.4%
Investment Income	$16,808	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,785	0.4%
Net Fundraising	$0
Sales of Assets	$109,424	1.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$151,336	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$624,547	13.6%

Assets/Debt
Total Assets	$24,226,603
Total Liabilities	$4,632,531
Net Assets	$19,594,072

Club or Co-Op Income
Income From Members	$5,621,931
Income From Other Sources	$19,126

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Brace (General Manager (Eff. 11/1/22))	$99,526	$0	$25,591
David Seacat (General Manager (Thru 10/31/22))	$17,432	$0	$914
Karl Benz (Secretary)	$5,981	$0	$0
Tom Ramsey (President)	$5,431	$0	$0
James Schmiller (Vice President)	$4,950	$0	$0
Brian Wehneman (Director)	$4,675	$0	$0
Suzanne Kaiser (Director)	$3,850	$0	$0
Richert Harbeson (Director)	$3,575	$0	$0

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990

Filed on Nov. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$5,451,989

Expenses

$4,595,546

Net Income

$856,443

Net Assets

$17,853,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,317,987	97.5%
Investment Income	$24,674	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,932	0.4%
Net Fundraising	$0
Sales of Assets	-$68,041
Net Inventory Sales	$0
Other Revenue	$156,437	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$169,915	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$658,177	14.3%

Assets/Debt
Total Assets	$22,600,313
Total Liabilities	$4,746,558
Net Assets	$17,853,755

Club or Co-Op Income
Income From Members	$5,335,817
Income From Other Sources	$184,213

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Manager)	$146,915	$0	$0
Tom Ramsey (President)	$4,656	$0	$0
Karl Benz (Secretary)	$4,344	$0	$0
Brian Wehneman (Director)	$4,250	$0	$0
James Schilmiller (Vice President)	$3,500	$0	$0
Suzanne Kaiser (Director)	$3,000	$0	$0
Richert Harbeson (Director)	$2,500	$0	$0
Veronica Battista (Director)	$750	$0	$0

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990

Filed on June 28, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$5,422,338

Expenses

$4,279,025

Net Income

$1,143,313

Net Assets

$16,860,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,320,387	98.1%
Investment Income	$50,630	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,932	0.4%
Net Fundraising	$0
Sales of Assets	$30,389	0.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,719	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$746,957	17.5%

Assets/Debt
Total Assets	$22,724,566
Total Liabilities	$5,864,355
Net Assets	$16,860,211

Club or Co-Op Income
Income From Members	$5,341,061
Income From Other Sources	$81,277

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$137,719	$0	$0
Tom Ramsey (President)	$4,688	$0	$0
Karl Benz (Secretary)	$4,375	$0	$0
Veronica Battista (Director)	$3,750	$0	$0
James Schilmiller (Vice Preside)	$3,625	$0	$0
Brian Wehneman (Director)	$3,281	$0	$0
Richert Harbeson (Director)	$1,000	$0	$0

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990

Filed on May 13, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$4,524,906

Expenses

$3,894,514

Net Income

$630,392

Net Assets

$15,670,568

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,462,119	98.6%
Investment Income	$46,167	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,082	0.4%
Net Fundraising	$0
Sales of Assets	-$3,462
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$22,000	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$727,889	18.7%

Assets/Debt
Total Assets	$22,798,161
Total Liabilities	$7,127,593
Net Assets	$15,670,568

Club or Co-Op Income
Income From Members	$4,481,106
Income From Other Sources	$47,262

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$127,060	$0	$0
Karl Benz (Secretary)	$4,875	$0	$0
James Schilmiller (Vice Preside)	$4,375	$0	$0
Tom Ramsey (President)	$4,000	$0	$0
Veronica Battista (Director)	$3,250	$0	$0
Richert Harbeson (Director)	$3,000	$0	$0
Dean Portman (Director)	$2,500	$0	$0

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990

Filed on May 13, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$4,329,005

Expenses

$3,822,687

Net Income

$506,318

Net Assets

$14,824,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,257,437	98.3%
Investment Income	$56,388	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$7,650	0.2%
Net Fundraising	$0
Sales of Assets	$7,530	0.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,344	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$677,166	17.7%

Assets/Debt
Total Assets	$18,101,342
Total Liabilities	$3,276,843
Net Assets	$14,824,499

Club or Co-Op Income
Income From Members	$4,232,100
Income From Other Sources	$96,905

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$127,187	$0	$0
Karl Benz (Director)	$5,094	$0	$0
James Schilmiller (Vice Preside)	$5,000	$0	$0
Veronica Battista (Secretary)	$3,500	$0	$0
Tom Ramsey (President)	$3,250	$0	$0
Richert Harbeson (Director)	$3,250	$0	$0
Dean Portman (Director)	$3,250	$0	$0

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990

Filed on May 6, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$4,409,673

Expenses

$3,862,639

Net Income

$547,034

Net Assets

$14,220,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,349,812	98.6%
Investment Income	$45,453	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,932	0.5%
Net Fundraising	$0
Sales of Assets	-$6,524
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$26,563	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$119,496	3.1%

Assets/Debt
Total Assets	$17,931,585
Total Liabilities	$3,710,783
Net Assets	$14,220,802

Club or Co-Op Income
Income From Members	$4,358,896
Income From Other Sources	$57,301

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$122,446	$0	$0
Tom Ramsey (President)	$5,344	$0	$0
Karl Benz (Director)	$5,344	$0	$0
Veronica Battista (Secretary)	$5,250	$0	$0
Richert Harbeson (Director)	$3,875	$0	$0
James Schilmiller (Vice Preside)	$3,750	$0	$0
Dean Portman (Director)	$3,000	$0	$0

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990

Filed on May 1, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$3,846,273

Expenses

$3,609,760

Net Income

$236,513

Net Assets

$13,623,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,781,731	98.3%
Investment Income	$47,450	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,782	0.5%
Net Fundraising	$0
Sales of Assets	-$3,690
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$27,750	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$109,543	3.0%

Assets/Debt
Total Assets	$17,798,413
Total Liabilities	$4,174,755
Net Assets	$13,623,658

Club or Co-Op Income
Income From Members	$3,800,576
Income From Other Sources	$49,387

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$115,953	$0	$0
Tom Ramsey (Vice Preside)	$5,250	$0	$0
Karl Benz (President)	$5,000	$0	$0
Dean Portman (Director)	$4,750	$0	$0
Richert Harbeson (Director)	$4,750	$0	$0
James Schilmiller (Director)	$4,250	$0	$0
Veronica Battista (Secretary)	$3,750	$0	$0

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990

Filed on May 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$3,679,216

Expenses

$3,519,947

Net Income

$159,269

Net Assets

$13,073,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,640,138	98.9%
Investment Income	$48,515	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,832	0.5%
Net Fundraising	$0
Sales of Assets	-$29,269
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,775	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$105,053	3.0%

Assets/Debt
Total Assets	$17,629,356
Total Liabilities	$4,556,230
Net Assets	$13,073,126

Club or Co-Op Income
Income From Members	$3,657,432
Income From Other Sources	$51,053

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$116,975	$0	$0
James Schilmiller (Director)	$4,381	$0	$0
Karl Benz (President)	$3,637	$0	$0
Richert Harbeson (Director)	$3,200	$0	$0
Tom Ramsey (Vice Preside)	$2,800	$0	$0
Veronica Battista (Secretary)	$2,206	$0	$0
Tom Swafford (Director)	$1,651	$0	$0
Dean Portman (Director)	$900	$0	$0

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990

Filed on May 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$3,740,037

Expenses

$3,493,942

Net Income

$246,095

Net Assets

$12,874,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,692,442	98.7%
Investment Income	$48,849	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,232	0.6%
Net Fundraising	$0
Sales of Assets	-$22,486
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,200	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$101,547	2.9%

Assets/Debt
Total Assets	$18,074,045
Total Liabilities	$5,199,233
Net Assets	$12,874,812

Club or Co-Op Income
Income From Members	$3,712,859
Income From Other Sources	$49,666

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$109,712	$0	$0
Karl Benz (President)	$4,800	$0	$0
James Schilmiller (Director)	$4,000	$0	$0
Veronica Battista (Secretary)	$4,000	$0	$0
Tom Ramsey (Vice Preside)	$4,000	$0	$0
Richert Harbeson (Director)	$3,400	$0	$0
Tom Swafford (Director)	$3,000	$0	$0

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990

Filed on May 12, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$3,905,156

Expenses

$3,299,874

Net Income

$605,282

Net Assets

$12,536,893

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,855,461	98.7%
Investment Income	$52,974	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,162	0.5%
Net Fundraising	$0
Sales of Assets	-$22,441
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,125	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,932	3.1%

Assets/Debt
Total Assets	$18,244,828
Total Liabilities	$5,707,935
Net Assets	$12,536,893

Club or Co-Op Income
Income From Members	$3,873,271
Income From Other Sources	$51,326

Compensation

Key Employees and Officers	Compensation	Related	Other
David Seacat (General Mana)	$109,646	$0	$0
Karl Benz (President)	$4,025	$0	$0
Tom Swafford (Director)	$3,950	$0	$0
Veronica Battista (Secretary)	$3,600	$0	$0
James Schilmiller (Director)	$3,400	$0	$0
Tom Ramsey (Vice Preside)	$2,950	$0	$0
Richert Harbeson (Director)	$2,200	$0	$0

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990

Filed on May 14, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$3,506,547

Expenses

$3,186,621

Net Income

$319,926

Net Assets

$11,772,491

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,459,508	98.7%
Investment Income	$62,045	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$28,592	0.8%
Net Fundraising	$0
Sales of Assets	-$43,598
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,400	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$122,670	3.8%

Assets/Debt
Total Assets	$17,835,815
Total Liabilities	$6,063,324
Net Assets	$11,772,491

Club or Co-Op Income
Income From Members	$3,483,379
Income From Other Sources	$66,766

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,374,318

Expenses

$3,060,731

Net Income

$313,587

Net Assets

$11,319,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,294,104	97.6%
Investment Income	$70,853	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$28,529	0.8%
Net Fundraising	$0
Sales of Assets	-$19,168
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$22,275	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$113,349	3.7%

Assets/Debt
Total Assets	$17,696,077
Total Liabilities	$6,376,764
Net Assets	$11,319,313

Club or Co-Op Income
Income From Members	$3,310,251
Income From Other Sources	$83,235

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Ramsey Water Co Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $6.2M (2024)

Expenses $6.17M (2024)

Total Assets $26.7M (2024)

Total Liabilities $11.9M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$6.2M (2024)

Expenses

$6.17M (2024)

Total Assets

$26.7M (2024)

Total Liabilities

$11.9M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004