Civic Intelligence

Highway Eighty-Eight Water Company Inc

990 • Fiscal year 2017 • EIN 23-7406173

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

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.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

4.62x

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

52nd percentile

5.3%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

58th percentile

0.8%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

5.8%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$3,482,098

Up $29,073 (+0.8%) from 2016

Net Assets

Up

$1,705,343

Up $20,474 (+1.2%) from 2016

Liabilities

Up

$1,776,755

Up $8,599 (+0.5%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin52nd percentile

Revenue

Up

$384,907

Up $20,959 (+5.8%) from 2016

Expenses

Up

$364,433

Up $32,836 (+9.9%) from 2016

Net Income

Down

$20,474

Down $11,877 (-37%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2017

Assets$3,482,098
Liabilities$1,776,755
Net Assets$1,705,343
Open 2017 Filing

Operations Trend

Revenue Growth64th 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

2017

Revenue$384,907
Expenses$364,433
Net Income$20,474
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.3
Gross Receipts
$805,680
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$2,674,571$2,641,650▼ $32,921
Cash and Non-Interest-Bearing Accounts$533,954$598,595▲ $64,641
Accounts Receivable$125,028$125,885▲ $857
Savings and Temporary Cash Investments$119,472$115,968▼ $3,504
Total Assets$3,453,025$3,482,098▲ $29,073
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,739,312$1,702,314▼ $36,998
Accounts Payable and Accrued Expenses$19,138$63,226▲ $44,088
Other Liabilities$9,706$11,215▲ $1,509
Total Liabilities$1,768,156$1,776,755▲ $8,599
Net Assets / Fund Balance
Unrestricted Net Assets$1,684,869$1,705,343▲ $20,474
Total Net Assets Fund Balance$1,684,869$1,705,343▲ $20,474
Total Liabilities and Net Assets / Fund Balance$3,453,025$3,482,098▲ $29,073

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,641,450$1,571,649$4,213,099
Land$200-$200
Compensation and Service Providers
Top Officer Pay61st 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
$38,976
Investment Income
$359
Other Revenue
$345,572
Change in Net Assets
$20,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,907
Total Revenue per Audited Statements
$384,907
Total Revenue per Form 990
$384,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,433
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$99,672--$99,672
Depreciation Depletion$97,076--$97,076
Interest$73,131--$73,131
Insurance$12,509--$12,509
Fees for Services Accounting-$8,595-$8,595
Office Expenses-$7,847-$7,847
Fees for Services Other$5,103--$5,103
Occupancy$1,329--$1,329
Other Expenses$2,065$597-$597
Total Functional Expenses$347,394$17,039$0$364,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$364,433
Total Expenses per Audited Statements$364,433
Total Expenses per Form 990$364,433
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$10,679
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
2018-06-20
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.”

Raw XML Appendix325 raw XML fields

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/BookValueAmt0200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02641450
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01571649
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04213099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTERSET
IRS990ScheduleD/RevenueSubtotalAmt0384907
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02641650
IRS990ScheduleD/TotalExpensesPerForm990Amt0364433
IRS990ScheduleD/TotalLiabilityAmt011215
IRS990ScheduleD/TotalRevenuePerForm990Amt0384907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0364433
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/TotalAssetsBOYAmt03453025
IRS990/TotalAssetsEOYAmt03482098
IRS990/TotalAssetsGrp/BOYAmt03453025
IRS990/TotalAssetsGrp/EOYAmt03482098
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347394
IRS990/TotalFunctionalExpensesGrp/TotalAmt0364433
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01768156
IRS990/TotalLiabilitiesEOYAmt01776755
IRS990/TotalLiabilitiesGrp/BOYAmt01768156
IRS990/TotalLiabilitiesGrp/EOYAmt01776755
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01684869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01705343
IRS990/TotalProgramServiceRevenueAmt038976
IRS990/TotalRevenueGrp/ExclusionAmt0345572
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039335
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384907
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03453025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03482098
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01684869
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01705343
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HWY88WATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES PRIVETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08642258713
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-20
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/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0206.74.243.66
ReturnHeader/FilingSecurityInformation/IPDt02018-07-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:42:11
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/PreparationDt02018-06-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER S CAULEY
ReturnHeader/ReturnTs02018-07-03T13:42:11-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,482,098
Liabilities
$1,776,755
Net assets
$1,705,343
Revenue
$384,907
Expenses
$364,433
Net income
$20,474
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