Reelsville Water Company Inc

Reelsville, IN
Tax-exempt since June 1970
EIN: 35-1127131

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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

$1.19M (2024)

Expenses

$786k (2024)

Total Assets

$9.8M (2024)

Total Liabilities

$1.43M (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

$1,189,406

Expenses

$786,467

Net Income

$402,939

Net Assets

$8,371,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$240,795	20.2%
Program Services	$873,757	73.5%
Investment Income	$68,460	5.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,394	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,795	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$172,255	21.9%

Assets/Debt
Total Assets	$9,799,694
Total Liabilities	$1,428,188
Net Assets	$8,371,506

Club or Co-Op Income
Income From Members	$858,416
Income From Other Sources	$1,219

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Co Secretary/Office Mgr)	$58,495	$0	$0
Rick Hassler (President)	$0	$0	$0
Kaye Cornelious (Member)	$0	$0	$0
Brian Stearley (Member)	$0	$0	$0
Tina French (Vice President)	$0	$0	$0
Sheila Langdon (Co Secretary)	$0	$0	$0

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990

Filed on Nov. 10, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$2,630,974

Expenses

$683,233

Net Income

$1,947,741

Net Assets

$8,217,472

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,656,177	62.9%
Program Services	$868,301	33.0%
Investment Income	$100,561	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,935	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$57,936	8.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$124,606	18.2%

Assets/Debt
Total Assets	$9,940,785
Total Liabilities	$1,723,313
Net Assets	$8,217,472

Club or Co-Op Income
Income From Members	$826,917
Income From Other Sources	$1,359

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Co Secretary/Office Mgr)	$55,976	$0	$0
Rick Hassler (President)	$0	$0	$0
Kaye Cornelious (Member)	$0	$0	$0
Brian Stearley (Member)	$0	$0	$0
Beth Krampe (Vice President)	$0	$0	$0
Sheila Langdon (Co Secretary)	$0	$0	$0
Donnie Blanton (Member)	$0	$0	$0

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990

Filed on Nov. 8, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$837,891

Expenses

$615,165

Net Income

$222,726

Net Assets

$5,927,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$823,595	98.3%
Investment Income	$11,471	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,825	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$85,121	13.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$52,133	8.5%

Assets/Debt
Total Assets	$8,570,228
Total Liabilities	$2,643,123
Net Assets	$5,927,105

Club or Co-Op Income
Income From Members	$804,330
Income From Other Sources	$2,825

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Co Secretary/Office Mgr)	$52,133	$0	$0
Rick Hassler (President)	$0	$0	$0
Kaye Cornelious (Member)	$0	$0	$0
Brian Stearley (Member)	$0	$0	$0
Beth Krampe (Vice President)	$0	$0	$0
Sheila Langdon (Co Secretary)	$0	$0	$0
Donnie Blanton (Member)	$0	$0	$0

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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$902,900

Expenses

$599,724

Net Income

$303,176

Net Assets

$5,695,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$789,474	87.4%
Investment Income	$1,387	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$109,108	12.1%
Net Inventory Sales	$0
Other Revenue	$2,931	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$94,490	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$51,858	8.6%

Assets/Debt
Total Assets	$6,806,014
Total Liabilities	$1,110,887
Net Assets	$5,695,127

Club or Co-Op Income
Income From Members	$826,258
Income From Other Sources	$2,931

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary/Office Mgr)	$51,392	$0	$0
Rick Hassler (President)	$0	$0	$0
Phillip Butt (Vice President)	$0	$0	$0
Steve Moore (Member)	$0	$0	$0
Beth Krampe (Member)	$0	$0	$0
Denisse Crossman (Member)	$0	$0	$0
Donnie Blanton (Member)	$0	$0	$0

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990

Filed on Nov. 9, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$845,671

Expenses

$690,496

Net Income

$155,175

Net Assets

$5,383,704

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$836,897	99.0%
Investment Income	$5,283	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,491	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$119,076	17.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$52,246	7.6%

Assets/Debt
Total Assets	$6,762,456
Total Liabilities	$1,378,752
Net Assets	$5,383,704

Club or Co-Op Income
Income From Members	$855,518
Income From Other Sources	$6,202

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary/Office Mgr)	$50,259	$0	$0
Phillip Butt (Vice President)	$600	$0	$0
Rick Hassler (President)	$550	$0	$0
Ben Fox (Member)	$550	$0	$0
Beth Krampe (Member)	$450	$0	$0
Donnie Blanton (Member)	$450	$0	$0
Denisse Crossman (Member)	$100	$0	$0
Steve Moore (Member)	$50	$0	$0

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990

Filed on Sept. 8, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$817,369

Expenses

$602,468

Net Income

$214,901

Net Assets

$5,094,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$803,433	98.3%
Investment Income	$11,447	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,489	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$123,179	20.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,719	8.3%

Assets/Debt
Total Assets	$6,805,356
Total Liabilities	$1,710,631
Net Assets	$5,094,725

Club or Co-Op Income
Income From Members	$805,693
Income From Other Sources	$11,677

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary/Office Mgr)	$49,186	$0	$0
Phillip Butt (Vice President)	$600	$0	$0
Ben Fox (Member)	$550	$0	$0
Steve Moore (Member)	$500	$0	$0
Beth Krampe (Member)	$500	$0	$0
Rick Hassler (Presicent)	$450	$0	$0
Denisse Crossman (Member)	$200	$0	$0

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990

Filed on June 15, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$884,993

Expenses

$635,193

Net Income

$249,800

Net Assets

$4,881,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$874,358	98.8%
Investment Income	$8,166	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,469	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$46,058	7.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$123,871	19.5%

Assets/Debt
Total Assets	$6,885,485
Total Liabilities	$2,004,063
Net Assets	$4,881,422

Club or Co-Op Income
Income From Members	$876,487
Income From Other Sources	$2,513

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary)	$42,714	$0	$0
Rick Hassler (Presicent)	$0	$0	$0
Phillip Butt (Vice President)	$0	$0	$0
Steve Moore (Member)	$0	$0	$0
Beth Krampe (Member)	$0	$0	$0
Ben Fox (Member)	$0	$0	$0
Denisse Crossman (Member)	$0	$0	$0

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990

Filed on Aug. 20, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$828,196

Expenses

$583,460

Net Income

$244,736

Net Assets

$4,620,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$823,995	99.5%
Investment Income	$1,161	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,040	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,250	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$158,332	27.1%

Assets/Debt
Total Assets	$6,896,408
Total Liabilities	$2,275,786
Net Assets	$4,620,622

Club or Co-Op Income
Income From Members	$794,313
Income From Other Sources	$33,883

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary)	$40,978	$0	$0
Larry Gottschalk (Member)	$600	$0	$0
Phil Butt (President)	$550	$0	$0
Ken Engold (Vice President)	$500	$0	$0
Steven Blades (Member)	$450	$0	$0
Rick Hassler (Member)	$325	$0	$0
Dorman Owen (Member)	$300	$0	$0

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990

Filed on May 10, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$825,955

Expenses

$560,616

Net Income

$265,339

Net Assets

$4,331,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$823,975	99.8%
Investment Income	$209	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,771	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,200	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$161,225	28.8%

Assets/Debt
Total Assets	$6,852,830
Total Liabilities	$2,521,445
Net Assets	$4,331,385

Club or Co-Op Income
Income From Members	$774,580
Income From Other Sources	$54,372

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary)	$40,077	$0	$0
Steven Blades (Member)	$18,730	$0	$0
Dorman Owen (Member)	$620	$0	$0
Phil Butt (President)	$600	$0	$0
Larry Gottschalk (Member)	$600	$0	$0
Rick Hassler (Member)	$500	$0	$0
Ken Engold (Vice President)	$350	$0	$0

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990

Filed on June 30, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$747,928

Expenses

$573,639

Net Income

$174,289

Net Assets

$4,041,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$742,710	99.3%
Investment Income	$170	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$400	0.1%
Net Fundraising	$0
Sales of Assets	$3,600	0.5%
Net Inventory Sales	$0
Other Revenue	$1,048	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,050	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$160,109	27.9%

Assets/Debt
Total Assets	$6,825,586
Total Liabilities	$2,783,879
Net Assets	$4,041,707

Club or Co-Op Income
Income From Members	$669,546
Income From Other Sources	$78,382

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary)	$39,550	$39,550	$0
Steven Blades (Member)	$18,314	$0	$0
Phil Butt (President)	$600	$0	$0
Rick Hassler (Member)	$550	$0	$0
Dorman Owen (Member)	$450	$0	$0
Ken Engold (Member)	$450	$0	$0
Robert Moore (Vice President)	$150	$0	$0

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990

Filed on May 13, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$770,937

Expenses

$612,237

Net Income

$158,700

Net Assets

$3,490,265

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$766,222	99.4%
Investment Income	$168	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$700	0.1%
Net Fundraising	$0
Sales of Assets	$3,847	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$75,122	12.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$99,458	16.2%

Assets/Debt
Total Assets	$6,536,750
Total Liabilities	$3,046,485
Net Assets	$3,490,265

Club or Co-Op Income
Income From Members	$733,432
Income From Other Sources	$37,505

Compensation

Key Employees and Officers	Compensation	Related	Other
Laura Fisher (Secretary)	$36,606	$0	$0
Steven Blades (Member)	$35,302	$0	$0
Kyle Hutcheson (Member)	$600	$0	$0
Phil Butt (President)	$600	$0	$0
Rick Hassler (Member)	$550	$0	$0
Ken Engold (Member)	$550	$0	$0
Dorman Owen (Member)	$500	$0	$0
Robert Moore (Vice President)	$414	$0	$0

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990

Filed on June 24, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$811,910

Expenses

$660,363

Net Income

$151,547

Net Assets

$3,133,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,320	2.0%
Program Services	$795,331	98.0%
Investment Income	$259	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,532	11.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$137,419	20.8%

Assets/Debt
Total Assets	$6,527,506
Total Liabilities	$3,394,464
Net Assets	$3,133,042

Club or Co-Op Income
Income From Members	$753,809
Income From Other Sources	$58,100

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Blades (Member)	$42,022	$0	$0
Laura Fisher (Secretary)	$31,704	$0	$0
Ken Engold (Member)	$656	$0	$0
Dorman Owen (Member)	$600	$0	$0
Kyle Hutcheson (Member)	$550	$0	$0
Rick Hassler (Member)	$550	$0	$0
Phil Butt (President)	$450	$0	$0
Robert Moore (Vice President)	$0	$0	$0

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990

Filed on May 8, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$798,452

Expenses

$652,728

Net Income

$145,724

Net Assets

$2,977,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$783,244	98.1%
Investment Income	$708	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,000	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$13,500	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$105,227	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,632	15.0%

Assets/Debt
Total Assets	$6,331,601
Total Liabilities	$3,353,892
Net Assets	$2,977,709

Club or Co-Op Income
Income From Members	$732,126
Income From Other Sources	$75,662

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$659,539

Expenses

$586,552

Net Income

$72,987

Net Assets

$2,825,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$658,857	99.9%
Investment Income	$682	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,270	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$152,575	26.0%

Assets/Debt
Total Assets	$6,143,654
Total Liabilities	$3,318,169
Net Assets	$2,825,485

Club or Co-Op Income
Income From Members	$648,678
Income From Other Sources	$10,861

990

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

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Reelsville Water Company Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.19M (2024)

Expenses $786k (2024)

Total Assets $9.8M (2024)

Total Liabilities $1.43M (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

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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

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Revenue

$1.19M (2024)

Expenses

$786k (2024)

Total Assets

$9.8M (2024)

Total Liabilities

$1.43M (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.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003