Civic Intelligence

Highway Eighty-Eight Water Company Inc

990 • Fiscal year 2016 • EIN 23-7406173

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 31, 2017

Organization ProfileWWW.HWY88WATER.COM
PO Box 495Lafrance, SC 29656

(864) 225-8713

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.51x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

4.86x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Net Margin

62nd percentile

8.9%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

16%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$3,453,025

Down $74,356 (-2.1%) from 2015

Net Assets

Up

$1,684,869

Up $32,351 (+2.0%) from 2015

Liabilities

Down

$1,768,156

Down $106,707 (-5.7%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin62nd percentile

Revenue

Up

$363,948

Up $51,512 (+16%) from 2015

Expenses

Up

$331,597

Up $6,195 (+1.9%) from 2015

Net Income

Up

$32,351

Up $45,317 (+350%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $3,514,426Liabilities 2014: $1,848,942Net Assets 2014: $1,665,4842014Assets 2015: $3,527,381Liabilities 2015: $1,874,863Net Assets 2015: $1,652,5182015Assets 2016: $3,453,025Liabilities 2016: $1,768,156Net Assets 2016: $1,684,8692016Assets 2017: $3,482,098Liabilities 2017: $1,776,755Net Assets 2017: $1,705,3432017Assets 2018: $3,527,406Liabilities 2018: $1,723,150Net Assets 2018: $1,804,2562018Assets 2019: $3,584,315Liabilities 2019: $1,670,057Net Assets 2019: $1,914,2582019Assets 2020: $3,689,119Liabilities 2020: $1,642,418Net Assets 2020: $2,046,7012020Assets 2021: $3,869,289Liabilities 2021: $1,636,298Net Assets 2021: $2,232,9912021Assets 2022: $3,970,920Liabilities 2022: $1,594,172Net Assets 2022: $2,376,7482022Assets 2023: $4,191,729Liabilities 2023: $1,541,291Net Assets 2023: $2,650,4382023Assets 2024: $4,506,448Liabilities 2024: $1,555,459Net Assets 2024: $2,950,9892024

Highlighted filing

2016

Assets$3,453,025
Liabilities$1,768,156
Net Assets$1,684,869
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $362,849Expenses 2014: $318,847Net Income 2014: $44,0022014Revenue 2015: $312,436Expenses 2015: $325,402Net Income 2015: -$12,9662015Revenue 2016: $363,948Expenses 2016: $331,597Net Income 2016: $32,3512016Revenue 2017: $384,907Expenses 2017: $364,433Net Income 2017: $20,4742017Revenue 2018: $435,762Expenses 2018: $336,849Net Income 2018: $98,9132018Revenue 2019: $472,118Expenses 2019: $362,116Net Income 2019: $110,0022019Revenue 2020: $798,787Expenses 2020: $666,344Net Income 2020: $132,4432020Revenue 2021: $801,612Expenses 2021: $615,322Net Income 2021: $186,2902021Revenue 2022: $869,477Expenses 2022: $725,722Net Income 2022: $143,7552022Revenue 2023: $961,742Expenses 2023: $688,052Net Income 2023: $273,6902023Revenue 2024: $1,135,840Expenses 2024: $835,289Net Income 2024: $300,5512024

Highlighted filing

2016

Revenue$363,948
Expenses$331,597
Net Income$32,351
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 31, 2017
Return Version
2016v3.0
Gross Receipts
$770,747
Mission and Program Overview

Mission

Highway eighty-eight water company inc.'s purpose is to supply potable water to its customers in the existing network of water lines.

Form 990 - organization's mission or most significant activities highway eighty-eight water company inc purpose is to supply potable water to its customers in the existing network of water lines. The company will supply water to private developments whenever they install water lines that are approved by the state agencies. Form 990, part vi, line 6 - classes of members or stockholders membership is open to coustomers who purchase water from the company. A fee is paid in the installation of a water tap and the customer is billed bi-monthly. Form 990, part vi, line 7a - election of members and their rights annual meeting of members is held in which majority of members present elect directors to serve on the board. Form 990, part vi, line 11b - organization's process to review form 990 the members of the board of directors review a copy of the 990 before it is filed. Form 990, part vi, line 19 - governing documents disclosure explanation governing documents are made available to the publi

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,770,937$2,674,571▼ $96,366
Cash and Non-Interest-Bearing Accounts$562,503$533,954▼ $28,549
Accounts Receivable$74,469$125,028▲ $50,559
Savings and Temporary Cash Investments$119,472$119,472→ $0
Total Assets$3,527,381$3,453,025▼ $74,356
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,776,626$1,739,312▼ $37,314
Accounts Payable and Accrued Expenses$88,001$19,138▼ $68,863
Other Liabilities$10,236$9,706▼ $530
Total Liabilities$1,874,863$1,768,156▼ $106,707
Net Assets / Fund Balance
Unrestricted Net Assets$1,652,518$1,684,869▲ $32,351
Total Net Assets Fund Balance$1,652,518$1,684,869▲ $32,351
Total Liabilities and Net Assets / Fund Balance$3,527,381$3,453,025▼ $74,356

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,674,371$1,474,573$4,148,944
Land$200-$200
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Charles PrivettePresident
Buddy GriffithBoard Member
CA LatimerBoard Member
Jerry MullikenBoard Member
Ray EvattBoard Member
Sylvester KeeseBoard Member
Brian BoggsBoard Memebe
Allen SimpsonSecretary/tr
Lawrence WhitmireVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,594
Investment Income
$1,237
Other Revenue
$332,117
Change in Net Assets
$32,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,948
Total Revenue per Audited Statements
$363,948
Total Revenue per Form 990
$363,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$331,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$108,021--$108,021
Depreciation Depletion$96,366--$96,366
Interest$75,318--$75,318
Office Expenses$936$8,283-$9,219
Fees for Services Accounting-$8,345-$8,345
Fees for Services Other$5,322--$5,322
Occupancy$1,373--$1,373
Other Expenses$4,114$444-$444
Total Functional Expenses$314,525$17,072$0$331,597

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$331,597
Total Expenses per Audited Statements$331,597
Total Expenses per Form 990$331,597
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$9,170
Accrued Interset$536
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“YES”

Form 990, Page 6, Part VI, Line 7A

“YES”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Highway Eighty-eight Water Company
EIN
23-7406173
Phone
8642258713
Address
PO BOX 495, LAFRANCE, SC 29656

Signing Officer

Name
Charles Privette
Title
President
Phone
8642258713
Signed
2017-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Privette
Formed
1971
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Cox Cauley & Richardson LLC
Address
908 N MAIN ST, ANDERSON, SC 29621-5527
Preparer
Christopher S Cauley
Phone
8642258713
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Form 990 - organization's mission or most significant activities highway eighty-eight water company inc purpose is to supply potable water to its customers in the existing network of water lines. The company will supply water to private developments whenever they install water lines that are approved by the state agencies. Form 990, part vi, line 6 - classes of members or stockholders membership is open to coustomers who purchase water from the company. A fee is paid in the installation of a water tap and the customer is billed bi-monthly. Form 990, part vi, line 7a - election of members and their rights annual meeting of members is held in which majority of members present elect directors to serve on the board. Form 990, part vi, line 11b - organization's process to review form 990 the members of the board of directors review a copy of the 990 before it is filed. Form 990, part vi, line 19 - governing documents disclosure explanation governing documents are made available to the public upon request.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02674371
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01474573
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04148944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09170
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTERSET
IRS990ScheduleD/RevenueSubtotalAmt0363948
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02674571
IRS990ScheduleD/TotalExpensesPerForm990Amt0331597
IRS990ScheduleD/TotalLiabilityAmt09706
IRS990ScheduleD/TotalRevenuePerForm990Amt0363948
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0363948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0331597
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES HIGHWAY EIGHTY-EIGHT WATER COMPANY INC PURPOSE IS TO SUPPLY POTABLE WATER TO ITS CUSTOMERS IN THE EXISTING NETWORK OF WATER LINES. THE COMPANY WILL SUPPLY WATER TO PRIVATE DEVELOPMENTS WHENEVER THEY INSTALL WATER LINES THAT ARE APPROVED BY THE STATE AGENCIES. FORM 990, PART VI, LINE 6 - CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERSHIP IS OPEN TO COUSTOMERS WHO PURCHASE WATER FROM THE COMPANY. A FEE IS PAID IN THE INSTALLATION OF A WATER TAP AND THE CUSTOMER IS BILLED BI-MONTHLY. FORM 990, PART VI, LINE 7A - ELECTION OF MEMBERS AND THEIR RIGHTS ANNUAL MEETING OF MEMBERS IS HELD IN WHICH MAJORITY OF MEMBERS PRESENT ELECT DIRECTORS TO SERVE ON THE BOARD. FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW A COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03527381
IRS990/TotalAssetsEOYAmt03453025
IRS990/TotalAssetsGrp/BOYAmt03527381
IRS990/TotalAssetsGrp/EOYAmt03453025
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0314525
IRS990/TotalFunctionalExpensesGrp/TotalAmt0331597
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01874863
IRS990/TotalLiabilitiesEOYAmt01768156
IRS990/TotalLiabilitiesGrp/BOYAmt01874863
IRS990/TotalLiabilitiesGrp/EOYAmt01768156
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01652518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01684869
IRS990/TotalProgramServiceRevenueAmt030594
IRS990/TotalRevenueGrp/ExclusionAmt0332117
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031831
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363948
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03527381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03453025
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01652518
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01684869
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HWY88WATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES PRIVETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08642258713
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHWAY EIGHTY-EIGHT WATER COMPANY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0237406173
ReturnHeader/Filer/PhoneNum08642258713
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 495
ReturnHeader/Filer/USAddress/CityNm0LAFRANCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029656
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BBD64E8BA1845C96314C56AC1E5304107247059F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BBD64E8BA1845C96314C56AC1E5304107247059F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264298735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COX CAULEY & RICHARDSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296215527
ReturnHeader/PreparerPersonGrp/PhoneNum08642258713
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER S CAULEY
ReturnHeader/ReturnTs02017-09-12T09:56:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,453,025
Liabilities
$1,768,156
Net assets
$1,684,869
Revenue
$363,948
Expenses
$331,597
Net income
$32,351
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$1.56$2.95$1.14$0.84$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.19$1.54$2.65$0.96$0.69$0.27
2022Detailed filing. Detailed filing data is available for this year.$3.97$1.59$2.38$0.87$0.73$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.87$1.64$2.23$0.80$0.62$0.19
2020Detailed filing. Detailed filing data is available for this year.$3.69$1.64$2.05$0.80$0.67$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.58$1.67$1.91$0.47$0.36$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.53$1.72$1.80$0.44$0.34$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.48$1.78$1.71$0.38$0.36$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.45$1.77$1.68$0.36$0.33$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.53$1.87$1.65$0.31$0.33$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.51$1.85$1.67$0.36$0.32$0.04