Ramtell Inc
- Assets
- $26.6m
- Revenue
- $1.4m
- Investments
- $25.8m
- Employees
- 0
- Location
- Tell City, IN
- Founding
- Data as of
- 12/2022
- EIN
- 35-1925455
Organization Overview
Ramtell Inc is located in Tell City, IN. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramtell Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ramtell Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ramtell Inc has awarded 247 individual grants totaling $29,819,018. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AT LEAST THREE 501(C)(3) EXEMPT ORGANIZATIONS (WHICH ARE NOT PRIVATE FOUNDATIONS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSES ARE TO RECEIVE CONTRIBUTED FUNDS, INVEST THOSE FUNDS, AND MAKE DISTRIBUTIONS TO THE SUPPORTED 501(C)(3) ORGANIZATIONS (WHICH ARE NOT PRIVATE FOUNDATIONS). SEE SCHEDULE OF SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil P Ramsey Treasurer | 1 | $0 | |
Guy Neil Ramsey President | 1 | $0 | |
FR Daniel J Staublin Other Director | 1 | $500 | |
John A Oberhausen Other Director | 1 | $500 | |
Micki Kidder Other Director | 1 | $500 | |
Zareda A Sherwood Other Director | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $785 |
| Dividends & Interest | $671,399 |
| Net Rental Income | -$7,997 |
| Net Gain on Sale of Assets | $199,224 |
| Capital Gain Net Income | $199,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $569,385 |
| Total Revenue | $1,442,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,187 |
| Depreciation | $1,291 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,284 |
| Printing and publications | $0 |
| Other expenses | $384,363 |
| Total operating and administrative expenses | $556,779 |
| Contributions, gifts, grants paid | $1,185,750 |
| Total expenses and disbursements | $1,742,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,281 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $305,540 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,744,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,000 |
| Total assets | $26,554,873 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ramtell Inc has awarded $2,371,500 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION 213 PURPOSE: GENERAL SUPPORT | $2,000 |
21ST CENTURY PARKS PURPOSE: GENERAL SUPPORT | $5,000 |
ARCHDIOCESE OF INDIANAPOLIS PURPOSE: UNITED CATHOLIC APPEAL | $200,000 |
ARCHDIOCESE OF LOUISVILLE PURPOSE: CAPITAL CAMPAIGN | $100,000 |
BLUEGRASS CENTER FOR AUTISM PURPOSE: GENERAL SUPPORT | $1,000 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |