Ramsey Water Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351062251 ✦ Ramsey, IN ✦ Designated as a 501(c)(12)

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Overview

What is Ramsey Water Company Inc?

Ramsey Water Company Inc is a utility-based organization, functioning as a public service, situated within its community. Its primary purpose is to provide water to its members, ensuring a reliable water supply for their daily needs. Operating as a nonprofit, Ramsey Water Company Inc contributes to the well-being of its community by supplying this essential resource.

Is Ramsey Water Company Inc legitimate?

Ramsey Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Ramsey Water Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $151,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $624,547

For more financial information, click here

What is the mission statement of Ramsey Water Company Inc?

The mission of Ramsey Water Company Inc, as a public utility, primarily revolves around supplying water to its members. In essence, the company is dedicated to ensuring a reliable water supply for its customer base, serving as a vital resource in their daily lives.

Who is the CEO of Ramsey Water Company Inc?

Mark Brace is the President of Ramsey Water Company Inc.

What is the revenue of Ramsey Water Company Inc?

Ramsey Water Company Inc's revenue in 2022 was $5,750,481.

Who are the executives of Ramsey Water Company Inc and what are their salaries?

The average compensation at Ramsey Water Company Inc during 2022 was $40,836. There are 19 employees at Ramsey Water Company Inc.


Here are 8 key members and their salaries:


Tom Ramsey (President)
  • Compensation: $5,431
  • Related: $0
  • Other: $0
James Schmiller (Vice President)
  • Compensation: $4,950
  • Related: $0
  • Other: $0
Richert Harbeson (Director)
  • Compensation: $3,575
  • Related: $0
  • Other: $0
Karl Benz (Secretary)
  • Compensation: $5,981
  • Related: $0
  • Other: $0
Brian Wehneman (Director)
  • Compensation: $4,675
  • Related: $0
  • Other: $0
Suzanne Kaiser (Director)
  • Compensation: $3,850
  • Related: $0
  • Other: $0
David Seacat (General Manager (Thru 10/31/22))
  • Compensation: $17,432
  • Related: $0
  • Other: $914
Mark Brace (General Manager (Eff. 11/1/22))
  • Compensation: $99,526
  • Related: $0
  • Other: $25,591
Where can I find the form 990 for Ramsey Water Company Inc?

Ramsey Water Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ramsey Water Company Inc

Ramsey Water Company Inc, as a public utility, is dedicated to supplying water to its members. Its mission is centered around providing this essential resource, ensuring the company's role as a reliable water supplier. By operating as a public utility, Ramsey Water Company Inc plays a crucial role in meeting the water needs of its members, thereby contributing to their daily lives and overall well-being.

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Impact




October, 2024

Ramsey Water Company Inc plays a crucial role in ensuring the availability of clean and reliable water for its community members in Ramsey, Indiana. As a public utility, it operates with the mission to supply water to its users, thereby directly contributing to public health and quality of life. By providing this essential service, Ramsey Water Company Inc supports local households, fosters community development, and helps maintain the overall well-being of the population it serves. Access to safe drinking water is fundamental, and the company's operations are vital in promoting a sustainable and healthy environment within the community.




This information is meant to be a general summary of Ramsey Water Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,750,481 (2022)
Expenses
$4,605,301 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $126,232
  • Program Service Revenue: $5,602,464
  • Gross Receipts: $5,787,557

Assets and Liabilities:

  • Total Assets: $24,226,603
  • Total Liabilities: $4,632,531
  • Net Assets: $19,594,072

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

WATER SALES

Revenue

$5,181,989

MISCELLANEOUS SERVICE

Revenue

$404,443

FORFEITED DISCOUNTS

Revenue

$13,714

NON UTILITY INCOME

Revenue

$2,318

Organization Details

Founding Year

1963

Principal Officer

Mark Brace

Main Address

PO BOX 245, RAMSEY, IN, 47166

NTEE Category

Code: W80 - Public benefit

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