RAMSEY WATER CO INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: RAMSEY WATER CO INC (EIN 35-1062251)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-23
IRS object ID: 201341439349300809
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-23T14:26:55-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RODEFER MOSS & CO PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	301 E ELM STREET	AddressLine1
City	NEW ALBANY	City
State	IN	State
ZIP Code	47150	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	351062251	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RAMSEY WATER COMPANY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RAMS	NameControl
Phone	8123472551	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 245	AddressLine1
City	RAMSEY	City
State	IN	State
ZIP Code	47166	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID SEACAT	Name
Title	MANAGER	Title
Phone	8123472551	Phone
Date Signed	2013-05-02	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUG YORK CPA	Name
Phone	8129455236	Phone
Date Prepared	2013-05-23	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	3550445	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N-A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	WATER SUPPLIED TO MEMBERS OF WATER COMPANY	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	10	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3294104	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3459508	ProgramServiceRevenueCY
Investment Income Prior Year	51685	InvestmentIncomePriorYear
Investment Income Current Year	18447	InvestmentIncomeCurrentYear
Other Revenue Prior Year	28529	OtherRevenuePriorYear
Other Revenue Current Year	28592	OtherRevenueCurrentYear
Total Revenue Prior Year	3374318	TotalRevenuePriorYear
Total Revenue Current Year	3506547	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	144869	SalariesEtcPriorYear
Salaries Etc Current Year	154215	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2915862	OtherExpensePriorYear
Other Expenses Current Year	3032406	OtherExpensesCurrentYear
Total Expenses Prior Year	3060731	TotalExpensesPriorYear
Total Expenses Current Year	3186621	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	313587	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	319926	RevenuesLessExpensesCY
Total Assets BOY	17696077	TotalAssetsBOY
Total Assets EOY	17835815	TotalAssetsEOY
Total Liabilities BOY	6376764	TotalLiabilitiesBOY
Total Liabilities EOY	6063324	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	11319313	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	11772491	NetAssetsOrFundBalancesEOY
Mission Description	WATER SUPPLIED TO MEMBERS OF WATER COMPANY	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2853308	Expense
Description	WATER SUPPLIED TO MEMBERS OF WATER COMPANY.	Description
Total Program Service Expense	2853308	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	16	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	10	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	3483379	GrossIncomeFromMembers
Gross Income Other Sources	66766	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RAMSEY WATER CO	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8123472551	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	415 HWY 64 NW	AddressLine1
City	RAMSEY	City
State	IN	State
ZIP Code	47166	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
TOM SWAFFORD
DIRECTOR	1.00	X	4000	0	0
JAMES SCHILMILLER
DIRECTOR	1.00	X	3600	0	0
VERONICA BATTISTA
SECRETARY	1.00	X	3000	0	0
KARL BENZ
PRESIDENT	1.00		3600	0	0	X
TOM RAMSEY
VICE PRESIDE	1.00		2400	0	0	X
RICHERT HARBESON
DIRECTOR	1.00		1800	0	0	X
DAVID SEACAT
GENERAL MANA	40.00		105990	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	124390	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
TEMPLE & TEMPLE EXCAVATING
3668 EAST DAISY LANE	NEW PEKIN	IN	47165	EXCAVATION	236734
UTILITY SERVICE CO
3245 FALCON CREST DR	MARTINSVILLE	IN	46151	TANK SERVICE	109565

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RESIDENTIAL CUSTOMERS	1923523	1923523
RESALE OF WATER	1217421	1217421
MISCELLANEOUS SERVICE REVENUE	300621	300621
FORFEITED DISCOUNTS	13222	13222
NON UTILITY INCOME	4721	4721

Field	Value	IRS element (for citing)
Total Program Service Revenue	3459508	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	62045	TotalRevenueColumn
Related Or Exempt Function Income	62045	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	28592	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	28592	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	28592	TotalRevenueColumn
Related Or Exempt Function Income	28592	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	300	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	43898	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-43598	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-43598	TotalRevenueColumn
Related Or Exempt Function Income	-43598	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3506547	TotalRevenueColumn
Related Or Exempt Function Income	3506547	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	18400	Total
Management And General	18400	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	122670	Total
Management And General	122670	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	13145	Total
Management And General	13145	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	3475	Total
Management And General	3475	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	29136	Total
Management And General	29136	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	405858	Total
Program Services	405858	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	480025	Total
Program Services	480025	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
OPERATIONAL SUPPLY & EXPE	1011395	1011395
EQUIP RENT & MAINTENANCE	416585	416585
WATER TREATMENT EXPENSES	225429	225429
CUSTOMER ACCOUNTS EXPENSE	156268	156268

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	304235	Total
Program Services	157748	ProgramServices
Management And General	146487	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3186621	Total
Program Services	2853308	ProgramServices
Management And General	333313	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	790508	BOY
EOY	835968	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1181642	BOY
EOY	1096148	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	298396	BOY
EOY	304210	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	292491	BOY
EOY	165842	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	586769	BOY
EOY	473433	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	21568071	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	7096189	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	14245442	BOY
EOY	14471882	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	188238	BOY
EOY	202072	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	112591	BOY
EOY	286260	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	17696077	BOY
EOY	17835815	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	134542	BOY
EOY	189021	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	6242222	BOY
EOY	5874303	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	6376764	BOY
EOY	6063324	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	4279023	BOY
EOY	4412275	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	7040290	BOY
EOY	7360216	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	11319313	BOY
EOY	11772491	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	17696077	BOY
EOY	17835815	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	319926	ReconcilationRevenueExpenses
Reconcilation Other Changes	133252	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	629012	OtherCostOrOtherBasis
Book Value	629012	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	20939059	OtherCostOrOtherBasis
Depreciation	7096189	Depreciation
Book Value	13842870	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	14471882	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	MORTGAGES AND OTHER PAYABLES	Description
Amount	$5,874,303	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	5874303	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	3550145	TotRevenueEtcAuditedFinclStmt
Other Revenues	43598	OtherRevenues
Revenue Not Rptd F990	43598	RevenueNotRptdF990
Revenue Subtotal	3506547	RevenueSubtotal
Total Revenue Per Form990	3506547	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3230219	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	43598	OtherExpensesIncluded
Expenses Not Rptd F990	43598	ExpensesNotRptdF990
Expenses Subtotal	3186621	ExpensesSubtotal
Total Expenses Per Form990	3186621	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 2D	LOSS ON DISPOSAL OF ASSETS 43,598
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	LOSS ON DISPOSAL OF ASSETS 43,598

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	REVIEW AT BOARD MEETING
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	YES
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	YES
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	AVAILABLE AT ANNUAL MEETING AND UPON REQUEST
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	LOSS ON DISPOSAL OF ASSETS 43,598 LOSS ON DISPOSAL OF ASSETS -43,598
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	ADDITIONS TO CONTRIBUTIONS-IN-AID OF CONSTRUCTION 133,252