RAMSEY WATER CO INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: RAMSEY WATER CO INC (EIN 35-1062251)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-22
IRS object ID: 201221439349300707
Schema version: 2011v1.2
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	2012-05-22T09:10:04-05:00	Timestamp
Tax Period End Date	2011-12-31	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	2011-01-01	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	2012-05-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUG YORK CPA	Name
Phone	8129455236	Phone
Date Prepared	2012-05-22	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	3393486	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	12	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3191913	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3294104	ProgramServiceRevenueCY
Investment Income Prior Year	90281	InvestmentIncomePriorYear
Investment Income Current Year	51685	InvestmentIncomeCurrentYear
Other Revenue Prior Year	23760	OtherRevenuePriorYear
Other Revenue Current Year	28529	OtherRevenueCurrentYear
Total Revenue Prior Year	3305954	TotalRevenuePriorYear
Total Revenue Current Year	3374318	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	134268	SalariesEtcPriorYear
Salaries Etc Current Year	144869	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2781969	OtherExpensePriorYear
Other Expenses Current Year	2915862	OtherExpensesCurrentYear
Total Expenses Prior Year	2916237	TotalExpensesPriorYear
Total Expenses Current Year	3060731	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	389717	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	313587	RevenuesLessExpensesCY
Total Assets BOY	17423079	TotalAssetsBOY
Total Assets EOY	17696077	TotalAssetsEOY
Total Liabilities BOY	6687563	TotalLiabilitiesBOY
Total Liabilities EOY	6376764	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	10735516	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	11319313	NetAssetsOrFundBalancesEOY
Mission Description	WATER SUPPLIED TO MEMBERS OF WATER COMPANY	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2752330	Expense
Description	WATER SUPPLIED TO MEMBERS OF WATER COMPANY.	Description
Total Program Service Expense	2752330	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
Transaction Related Entity	false	TransactionRelatedEntity
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	12	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	3310251	GrossIncomeFromMembers
Gross Income Other Sources	83235	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
JAMES SCHILMILLER
DIRECTOR	1.00	X	4050	0	0
VERONICA BATTISTA
DIRECTOR	1.00	X	3975	0	0
TOM SWAFFORD
DIRECTOR	1.00	X	3875	0	0
TOM RAMSEY
SECRETARY	1.00		3675	0	0	X
KARL BENZ
VICE-PRES	1.00		3400	0	0	X
RICHERT HARBESON
PRESIDENT	1.00		3300	0	0	X
DAVID SEACAT
GENERAL MANA	40.00		101401	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	123676	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	248187
UTILITY SERVICE CO
3245 FALCON CREST DR	MARTINSVILLE	IN	46151	TANK SERVICE	123915

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	1767643	1767643
RESALE OF WATER	1197249	1197249
MISCELLANEOUS SERVICE REVENUE	304337	304337
FORFEITED DISCOUNTS	12493	12493
NON UTILITY INCOME	12382	12382

Field	Value	IRS element (for citing)
Total Program Service Revenue	3294104	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	70853	TotalRevenueColumn
Related Or Exempt Function Income	70853	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	28529	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	28529	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	28529	TotalRevenueColumn
Related Or Exempt Function Income	28529	RelatedOrExemptFunctionIncome

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	19168	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-19168	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-19168	TotalRevenueColumn
Related Or Exempt Function Income	-19168	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3374318	TotalRevenueColumn
Related Or Exempt Function Income	3374318	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	22275	Total
Management And General	22275	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	113349	Total
Management And General	113349	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	9245	Total
Management And General	9245	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	11214	Total
Management And General	11214	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	7679	Total
Management And General	7679	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	424962	Total
Program Services	424962	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	468440	Total
Program Services	468440	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
OPERATIONAL SUPPLY & EXPE	970847	970847
EQUIP RENT & MAINTENANCE	369118	369118
WATER TREATMENT EXPENSES	213728	213728
CUSTOMER ACCOUNTS EXPENSE	144356	144356

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	305518	Total
Program Services	160879	ProgramServices
Management And General	144639	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3060731	Total
Program Services	2752330	ProgramServices
Management And General	308401	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	774441	BOY
EOY	790508	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1171040	BOY
EOY	1181642	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	353659	BOY
EOY	298396	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	141825	BOY
EOY	292491	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	554753	BOY
EOY	586769	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	20920935	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	6675493	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	14194301	BOY
EOY	14245442	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	174102	BOY
EOY	188238	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	58958	BOY
EOY	112591	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	17423079	BOY
EOY	17696077	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	134318	BOY
EOY	134542	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	6553245	BOY
EOY	6242222	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	6687563	BOY
EOY	6376764	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	4008813	BOY
EOY	4279023	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	6726703	BOY
EOY	7040290	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10735516	BOY
EOY	11319313	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	17423079	BOY
EOY	17696077	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	313587	ReconcilationRevenueExpenses
Reconcilation Other Changes	270210	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

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	20291923	OtherCostOrOtherBasis
Depreciation	6675493	Depreciation
Book Value	13616430	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	14245442	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	MORTGAGES AND OTHER PAYABLES	Description
Amount	$6,242,222	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	6242222	TotalOfAmounts
Total Revenue	3374318	TotalRevenue
Total Expenses	3060731	TotalExpenses
Excess Or Deficit For Year	313587	ExcessOrDeficitForYear
Excess Or Deficit Per FS	313587	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3393486	TotRevenueEtcAuditedFinclStmt
Other Revenues	19168	OtherRevenues
Revenue Not Rptd F990	19168	RevenueNotRptdF990
Revenue Subtotal	3374318	RevenueSubtotal
Total Revenue Per Form990	3374318	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3079899	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	19168	OtherExpensesIncluded
Expenses Not Rptd F990	19168	ExpensesNotRptdF990
Expenses Subtotal	3060731	ExpensesSubtotal
Total Expenses Per Form990	3060731	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	LOSS ON DISPOSAL OF ASSETS 19,168 LOSS ON DISPOSAL OF ASSETS -19,168
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	LOSS ON DISPOSAL OF ASSETS 19,168
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	LOSS ON DISPOSAL OF ASSETS 19,168

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 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