Civic Intelligence

Highway Eighty-Eight Water Company Inc

990 • Fiscal year 2019 • EIN 23-7406173

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 25, 2020

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

74th percentile

0.47x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

3.54x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

23%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

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.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2019

Asset Growth

59th percentile

1.6%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

8.3%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$3,584,315

Up $56,909 (+1.6%) from 2018

Net Assets

Up

$1,914,258

Up $110,002 (+6.1%) from 2018

Liabilities

Down

$1,670,057

Down $53,093 (-3.1%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin84th percentile

Revenue

Up

$472,118

Up $36,356 (+8.3%) from 2018

Expenses

Up

$362,116

Up $25,267 (+7.5%) from 2018

Net Income

Up

$110,002

Up $11,089 (+11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2019

Assets$3,584,315
Liabilities$1,670,057
Net Assets$1,914,258
Open 2019 Filing

Operations Trend

Revenue Growth78th 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

2019

Revenue$472,118
Expenses$362,116
Net Income$110,002
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 25, 2020
Return Version
2019v5.0
Gross Receipts
$892,340
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$2,624,319$2,524,742▼ $99,577
Cash and Non-Interest-Bearing Accounts$657,737$826,444▲ $168,707
Accounts Receivable$131,155$127,481▼ $3,674
Savings and Temporary Cash Investments$114,195$105,648▼ $8,547
Total Assets$3,527,406$3,584,315▲ $56,909
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,664,667$1,627,108▼ $37,559
Accounts Payable and Accrued Expenses$46,040$30,657▼ $15,383
Other Liabilities$12,443$12,292▼ $151
Total Liabilities$1,723,150$1,670,057▼ $53,093
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,804,256$1,914,258▲ $110,002
Total Net Assets Fund Balance$1,804,256$1,914,258▲ $110,002
Total Liabilities and Net Assets / Fund Balance$3,527,406$3,584,315▲ $56,909

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,524,542$1,769,014$4,293,556
Land$200-$200
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Jerry MullikenPresident
Buddy GriffithBoard Member
CA LatimerBoard Member
Charles PrivetteBoard 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
$42,279
Investment Income
$167
Other Revenue
$429,672
Change in Net Assets
$110,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$472,118
Total Revenue per Audited Statements
$472,118
Total Revenue per Form 990
$472,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$362,116
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$134,098--$134,098
Depreciation Depletion$99,577--$99,577
Interest$69,756--$69,756
Office Expenses-$11,818-$11,818
Fees for Services Accounting-$9,025-$9,025
Fees for Services Other$7,342--$7,342
Other Expenses$3,000$1,813-$1,813
Occupancy$1,363--$1,363
Total Functional Expenses$339,460$22,656$0$362,116

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$362,116
Total Expenses per Audited Statements$362,116
Total Expenses per Form 990$362,116
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$11,756
Accrued Interest$536
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Jerry Mulliken
Title
President
Phone
8642258713
Signed
2020-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Mulliken
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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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0105648
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IRS990ScheduleD/ExpensesSubtotalAmt0362116
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02524542
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01769014
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04293556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt0472118
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02524742
IRS990ScheduleD/TotalExpensesPerForm990Amt0362116
IRS990ScheduleD/TotalLiabilityAmt012292
IRS990ScheduleD/TotalRevenuePerForm990Amt0472118
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0472118
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0362116
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03527406
IRS990/TotalAssetsEOYAmt03584315
IRS990/TotalAssetsGrp/BOYAmt03527406
IRS990/TotalAssetsGrp/EOYAmt03584315
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0339460
IRS990/TotalFunctionalExpensesGrp/TotalAmt0362116
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01723150
IRS990/TotalLiabilitiesEOYAmt01670057
IRS990/TotalLiabilitiesGrp/BOYAmt01723150
IRS990/TotalLiabilitiesGrp/EOYAmt01670057
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01804256
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01914258
IRS990/TotalProgramServiceRevenueAmt042279
IRS990/TotalRevenueGrp/ExclusionAmt0429672
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042446
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0472118
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03527406
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03584315
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HWY88WATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY MULLIKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08642258713
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-25
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/AtSubmissionCreationDeviceId0672BCF69C2709509071718CEEB5FB99E9592B29A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0672BCF69C2709509071718CEEB5FB99E9592B29A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.46.232.206
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:55:17
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/PreparationDt02020-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER S CAULEY
ReturnHeader/ReturnTs02020-07-14T13:55:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,584,315
Liabilities
$1,670,057
Net assets
$1,914,258
Revenue
$472,118
Expenses
$362,116
Net income
$110,002
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