Civic Intelligence

Hillcrest Scurlock Water System Inc

990 • Fiscal year 2017 • EIN 56-1030614

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 13, 2017

P O Box 1536Raeford, NC 28376

(910) 875-7942

Siviq Scores

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

Liabilities / Assets

70th percentile

0.10x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)12 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)12 • <$500k nonprofits • Source year 2017

Net Margin

48th percentile

5.8%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)12 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$18,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2017 filings • 501(c)12 • <$500k nonprofits • Source year 2017

Asset Growth

57th percentile

3.9%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)12 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

8.9%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)12 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$247,294

Up $9,356 (+3.9%) from 2016

Net Assets

Up

$223,766

Up $14,961 (+7.2%) from 2016

Liabilities

Down

$23,528

Down $5,605 (-19%) from 2016

Revenue

Up

$259,422

Up $21,227 (+8.9%) from 2016

Expenses

Up

$244,461

Up $18,238 (+8.1%) from 2016

Net Income

Up

$14,961

Up $2,989 (+25%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $255,757Liabilities 2012: $21,766Net Assets 2012: $233,9912012Assets 2013: $252,119Liabilities 2013: $22,009Net Assets 2013: $230,1102013Assets 2014: $206,611Liabilities 2014: $21,851Net Assets 2014: $184,7602014Assets 2015: $225,674Liabilities 2015: $29,342Net Assets 2015: $196,3322015Assets 2016: $237,938Liabilities 2016: $29,133Net Assets 2016: $208,8052016Assets 2017: $247,294Liabilities 2017: $23,528Net Assets 2017: $223,7662017Assets 2018: $246,325Liabilities 2018: $26,878Net Assets 2018: $219,4472018Assets 2019: $263,272Liabilities 2019: $30,723Net Assets 2019: $232,5492019Assets 2021: $260,246Liabilities 2021: $43,829Net Assets 2021: $216,4172021

Highlighted filing

2017

Assets$247,294
Liabilities$23,528
Net Assets$223,766

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2012: $231,0012012Expenses 2013: $236,7382013Revenue 2014: $210,838Expenses 2014: $256,188Net Income 2014: -$45,3502014Revenue 2015: $238,855Expenses 2015: $227,283Net Income 2015: $11,5722015Revenue 2016: $238,195Expenses 2016: $226,223Net Income 2016: $11,9722016Revenue 2017: $259,422Expenses 2017: $244,461Net Income 2017: $14,9612017Revenue 2018: $267,598Expenses 2018: $271,917Net Income 2018: -$4,3192018Revenue 2019: $314,837Expenses 2019: $301,735Net Income 2019: $13,1022019Revenue 2021: $259,091Expenses 2021: $249,408Net Income 2021: $9,6832021

Highlighted filing

2017

Revenue$259,422
Expenses$244,461
Net Income$14,961
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 13, 2017
Return Version
2016v3.0
Gross Receipts
$259,422
Mission and Program Overview

Mission

This organization was established to provide clean water to the water district set up through the hoke county commissioners. The system sales water to the citizens within its district and operates on nonprofit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$145,210$143,850▼ $1,360
Cash and Non-Interest-Bearing Accounts$65,019$68,338▲ $3,319
Accounts Receivable$15,506$22,896▲ $7,390
Savings and Temporary Cash Investments$6,453$6,460▲ $7
Inventories for Sale or Use$5,750$5,750→ $0
Total Assets$237,938$247,294▲ $9,356
Liabilities
Other Liabilities$23,813$23,528▼ $285
Accounts Payable and Accrued Expenses$5,320--
Total Liabilities$29,133$23,528▼ $5,605
Net Assets / Fund Balance
Unrestricted Net Assets$158,805$173,766▲ $14,961
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$208,805$223,766▲ $14,961
Total Liabilities and Net Assets / Fund Balance$237,938$247,294▲ $9,356

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,962$318,105$391,067
Buildings$28,113$28,854$56,967
Land$42,775-$42,775
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cleo McPhatterBoardPT$18,000$18,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$231,445
Investment Income
$369
Other Revenue
$27,608
Change in Net Assets
$14,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,215
Other Expenses$106,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,215--$102,215
All Other Expenses$59,200--$59,200
Current Officers, Directors, Trustees, and Key Employees$36,000--$36,000
Depreciation Depletion$10,902--$10,902
Office Expenses$6,735--$6,735
Insurance$6,034--$6,034
Fees for Services Accounting$3,350--$3,350
Advertising$610--$610
Fees for Services Legal$550--$550
Other Expenses$480--$480
Total Functional Expenses$244,461$0$0$244,461
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$23,528
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The members of the water system pay a refundable security deposit upon applying for service. They have the right to vote on the members of the board, which handles the operations of the system.the board elects the officers of the system and hires employees.

Member election for additional members Part VI line 7A

Members elect the board members who elect the officers of the organization. The officers make management decisions.

Governing body decisions Part VI line 7B

The large decisions to invest in additional wells or capital assets or enter into loans with financial institutions are approved by the members.

Governing body meeting documentation Part VI line 8A

Minutes are maintained of member or board meetings and are retained by the secretary.

Form 990 governing body review Part VI line 11

The board members are afforded a copy of the form 990 for their review are the monthly meeting prior to the filing date.

CEO executive director top management comp Part VI line 15A

The board approves the salaries of all employees including officers and the annual directors fee.

Other officer or key employee compensation Part VI line 15B

The previous statement covers all compensation to officers, directors and employees.

Governing documents etc available to public Part VI line 19

The system maintains an office in which all documents, contracts, minutes of meetings and any other documents are readily available to the general members any time they desire to examine them. There are copies of all policies and procedure manuals, as well as; any requirements regarding conflicts of interest or financial statements maintained at the corporate offices which are within the water district geograpic area of the water district.

Filing and Contact Details

Filer

Filer Name
Hillcrest Scurlock Water System Inc
EIN
56-1030614
Address
P O BOX 1536, Raeford, NC 28376

Signing Officer

Name
Cleo McPhatter
Title
President
Phone
9108754972
Signed
2017-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cleo McPhatter
Formed
1964
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
James F Baker CPA Pa
Address
PO BOX 149, Raeford, NC 28376
Preparer
James F Baker CPA
Phone
9108780371
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See the attached schedule of Other Expenses listed as Overflow information. Operating Supplies 16,678 Postage 2,204 Dues 1,240 Repairs and Maintenance 24,233 Telephone Expenses 3,388 Water Analysis 10,740 Yard Work 3,175 FiremanS Dinner 366 Total 62,024

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0143850
IRS990ScheduleD/TotalLiabilityAmt023528
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE WATER SYSTEM PAY A REFUNDABLE SECURITY DEPOSIT UPON APPLYING FOR SERVICE. THEY HAVE THE RIGHT TO VOTE ON THE MEMBERS OF THE BOARD, WHICH HANDLES THE OPERATIONS OF THE SYSTEM.THE BOARD ELECTS THE OFFICERS OF THE SYSTEM AND HIRES EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD MEMBERS WHO ELECT THE OFFICERS OF THE ORGANIZATION. THE OFFICERS MAKE MANAGEMENT DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LARGE DECISIONS TO INVEST IN ADDITIONAL WELLS OR CAPITAL ASSETS OR ENTER INTO LOANS WITH FINANCIAL INSTITUTIONS ARE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES ARE MAINTAINED OF MEMBER OR BOARD MEETINGS AND ARE RETAINED BY THE SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEMBERS ARE AFFORDED A COPY OF THE FORM 990 FOR THEIR REVIEW ARE THE MONTHLY MEETING PRIOR TO THE FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES INCLUDING OFFICERS AND THE ANNUAL DIRECTORS FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PREVIOUS STATEMENT COVERS ALL COMPENSATION TO OFFICERS, DIRECTORS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SYSTEM MAINTAINS AN OFFICE IN WHICH ALL DOCUMENTS, CONTRACTS, MINUTES OF MEETINGS AND ANY OTHER DOCUMENTS ARE READILY AVAILABLE TO THE GENERAL MEMBERS ANY TIME THEY DESIRE TO EXAMINE THEM. THERE ARE COPIES OF ALL POLICIES AND PROCEDURE MANUALS, AS WELL AS; ANY REQUIREMENTS REGARDING CONFLICTS OF INTEREST OR FINANCIAL STATEMENTS MAINTAINED AT THE CORPORATE OFFICES WHICH ARE WITHIN THE WATER DISTRICT GEOGRAPIC AREA OF THE WATER DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8See the attached schedule of Other Expenses listed as Overflow information. Operating Supplies 16,678 Postage 2,204 Dues 1,240 Repairs and Maintenance 24,233 Telephone Expenses 3,388 Water Analysis 10,740 Yard Work 3,175 FiremanS Dinner 366 Total 62,024
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0237938
IRS990/TotalAssetsEOYAmt0247294
IRS990/TotalAssetsGrp/BOYAmt0237938
IRS990/TotalAssetsGrp/EOYAmt0247294
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244461
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244461
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029133
IRS990/TotalLiabilitiesEOYAmt023528
IRS990/TotalLiabilitiesGrp/BOYAmt029133
IRS990/TotalLiabilitiesGrp/EOYAmt023528
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0208805
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0223766
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0244461
IRS990/TotalProgramServiceRevenueAmt0231445
IRS990/TotalReportableCompFromOrgAmt018000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0259422
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259422
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0237938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0247294
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0158805
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0173766
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0HWY 401 BUS
IRS990/USAddress/CityNm0Raeford
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028376
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Cleo McPhatter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108754972
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HILLCREST SCURLOCK WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0HILL
ReturnHeader/Filer/EIN0561030614
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1536
ReturnHeader/Filer/USAddress/CityNm0Raeford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028376
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C43ACE549DC4FB24C4CC4351DCC0841BE6836220
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C43ACE549DC4FB24C4CC4351DCC0841BE6836220
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05602432017201nymfbei
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-07-20
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.4.219.114
ReturnHeader/FilingSecurityInformation/IPDt02017-07-20
ReturnHeader/FilingSecurityInformation/IPTm016:36:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561542160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES F BAKER CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 149
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raeford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028376
ReturnHeader/PreparerPersonGrp/PhoneNum09108780371
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES F BAKER CPA
ReturnHeader/ReturnTs02017-07-20T16:34:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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