Rykers Ridge Water Co Inc
- Assets
- $1.3m
- Revenue
- $427.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Madison, IN
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 35-1076773
Organization Overview
Rykers Ridge Water Co Inc is located in Madison, IN. The organization was established in 1968. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Rykers Ridge Water Co Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rykers Ridge Water Co Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Rykers Ridge Water Co Inc generated $427.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $378.3k during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING WATER TO RURAL CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER TO 800 RURAL CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Little Vice President | OfficerTrustee | 2 | $1,677 |
Roger Ward President | OfficerTrustee | 2 | $1,482 |
Kevin Smith Director | Trustee | 1 | $900 |
Sharon Schafer Secretary | OfficerTrustee | 2 | $900 |
Cary Branstetter Director | Trustee | 1 | $450 |
Charles Hay Director | Trustee | 1 | $390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,000 |
| Total Program Service Revenue | $291,183 |
| Investment income | $159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,789 |
| Compensation of current officers, directors, key employees. | $6,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,354 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $0 |
| Office expenses | $22,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,171 |
| Insurance | $10,942 |
| All other expenses | $5,487 |
| Total functional expenses | $378,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,813 |
| Savings and temporary cash investments | $94,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,153,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,337,975 |
| Accounts payable and accrued expenses | $15,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,069 |
| Total liabilities | $80,179 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $448,987 |
| Retained earnings, endowment, accumulated income, or other funds | $808,809 |
| Total liabilities and net assets/fund balances | $1,337,975 |