Nonprofit · EIN 35-1062251
RAMSEY WATER CO INC
Tax-exempt · RAMSEY, IN 47166
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,082,748 | $6,571,849 | $510,899 | $28,924,912 | $13,561,839 | $15,363,073 |
| December 31, 2024 | 990 | $6,200,365 | $6,166,514 | $33,851 | $26,748,057 | $11,900,133 | $14,847,924 |
| December 31, 2023 | 990 | $5,953,470 | $4,871,806 | $1,081,664 | $25,968,979 | $4,471,563 | $21,497,416 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,820,742
- Investment income
- $262,006
- Net gain from sales of assets
- $58,520
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $177,418
- Other salaries and wages
- $1,001,491
- Salaries, compensation and benefits (total)
- $1,704,326
- Professional fundraising fees
- $0
- Legal fees
- $165,010
- Accounting fees
- $64,915
- Occupancy
- $17,366
- Depreciation
- $1,102,564
Balance sheet and other
- Total assets, start of year
- $26,748,057
- Total assets, end of year
- $28,924,912
- Total liabilities, end of year
- $13,561,839
- Net assets, end of year
- $15,363,073
- Land, buildings and equipment
- $20,407,303
- Gross receipts
- $7,118,823
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1963
- State of legal domicile
- IN
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 | From related orgs |
|---|---|---|---|---|
| MARK BRACE | GENERAL MANAGER Officer | 40 | $143,380 | $0 |
| ROBERT TURNER | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $103,134 | $0 |
| KARL BENZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $8,625 |
| WILLIAM T RAMSEY | DIRECTOR Trustee or director | 1 | $0 | $6,600 |
| BRIAN WEHNEMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $5,400 |
| JAMES SCHILMILLER | DIRECTOR Trustee or director | 1 | $0 | $4,713 |
| SUZANNE KAISER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $4,500 |
| RICHERT HARBESON | DIRECTOR Trustee or director | 1 | $0 | $4,200 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK BRACE | GENERAL MANAGER Officer | 40 | $125,438 |
| WILLIAM T RAMSEY | DIRECTOR Trustee or director | 1 | $9,863 |
| JAMES SCHILMILLER | DIRECTOR Trustee or director | 1 | $8,750 |
| KARL BENZ | PRESIDENT Trustee or director, Officer | 1 | $7,913 |
| SUZANNE KAISER | VICE PRESIDENT Trustee or director, Officer | 1 | $6,900 |
| BRIAN WEHNEMAN | SECRETARY Trustee or director, Officer | 1 | $6,038 |
| RICHERT HARBESON | DIRECTOR Trustee or director | 1 | $4,193 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BRACE | GENERAL MANAGER Officer | 40 | $112,858 | $32,270 |
| KARL BENZ | PRESIDENT Trustee or director, Officer | 1 | $7,322 | $0 |
| TOM RAMSEY | DIRECTOR Trustee or director | 1 | $7,287 | $0 |
| JAMES SCHILMILLER | DIRECTOR Trustee or director | 1 | $6,600 | $0 |
| BRIAN WEHNEMAN | SECRETARY Trustee or director, Officer | 1 | $5,294 | $0 |
| SUZANNE KAISER | VICE PRESIDENT Trustee or director, Officer | 1 | $4,813 | $0 |
| RICHERT HARBESON | DIRECTOR Trustee or director | 1 | $4,400 | $0 |
Address and contacts
- Address (IRS master file)
- 415 HIGHWAY 64 NW, RAMSEY, IN 47166-8534
- In care of
- % RICHERT HARBESON PRESIDENT
- Principal officer (990 for 2025)
- MARK BRACE, PO BOX 245, RAMSEY, IN 47166
- Signed the 990
- MARK BRACE, GENERAL MANAGER
- Phone
- (812) 347-2551
- Website
- HTTPS://RAMSEYWATER.COM/
- Return prepared by
- MONROE SHINE & CO INC CPA'S
Mission
WATER SUPPLIED TO MEMBERS OF WATER COMPANY
Program accomplishments
- PROVIDES METERED WATER SERVICE TO APPROXIMATELY 6,000 MEMBERS ON A COOPERATIVE BASIS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 35-1062251
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,924,912
- Income (IRS master file)
- $7,118,823
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,082,748 | $6,571,849 | $28,924,912 | XML |
| 990 | December 2024 | $6,200,365 | $6,166,514 | $26,748,057 | IRS |
| 990 | December 2023 | $5,953,470 | $4,871,806 | $25,968,979 | XML |
| 990 | December 2022 | $5,750,481 | $4,605,301 | $24,226,603 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 35-1062251).
Questions about RAMSEY WATER CO INC
- What is the EIN of RAMSEY WATER CO INC?
- The employer identification number (EIN) of RAMSEY WATER CO INC is 35-1062251.
- Is RAMSEY WATER CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1965.
- Are donations to RAMSEY WATER CO INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RAMSEY WATER CO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAMSEY WATER CO INC 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 RAMSEY WATER CO INC 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 RAMSEY WATER CO INC?
- The 990 for the year ended December 31, 2025 names MARK BRACE.
- Who are the officers and directors of RAMSEY WATER CO INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $143,380 (MARK BRACE, GENERAL MANAGER).
- How much revenue does RAMSEY WATER CO INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,082,748, expenses of $6,571,849 and total assets of $28,924,912 at year end.
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