Ramer Water Company Inc

Organization Overview

Ramer Water Company Inc is located in Ramer, AL. The organization was established in 1965. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramer Water Company 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 12/2023, Ramer Water Company Inc generated $195.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $228.1k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE WATER SERVICE TO THE RURAL AREA OF RAMER, ALABAMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATER SERVICE IS PROVIDED TO ITS COOPERATIVE MEMBERS IN THE RURAL AREA OF RAMER, ALABAMA. APPROXIMATELY 468 MEMBERS ARE SERVED IN RAMER AND SURROUNDING AREAS. ALL EXPENSES ARE INCURRED IN THE OPERATION AND MAINTENANCE OF THE WATER SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Ricky Armstead
Board Presid
$0
Jimmy Grant
Member
$0
Earl Russell
Secretary/tr
$0
Eddie Russell
Member
$0
Charles Wiggins
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$184,977
Investment income $10,598
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $195,575

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