Civic Intelligence

Wild Dunes Community Association Inc

EIN 57-0650677 • 501(c)4 • Isle Of Palms, SC

Profile

The Association is responsible for the operations and maintenance of the common property within the 1,500 acre development that includes 2,134 residential lots.

6200 Palmetto DriveIsle Of Palms, SC 29451

www.wilddunesowners.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.04x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2023

Net Margin

79th percentile

41%

Higher net margin than 79% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

7.3%

Faster revenue growth than 50% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$18,358,845

Down $1,906,920 (-9.4%) from 2023

Liabilities

Up

$361,746

Up $115,901 (+47%) from 2023

Net Assets

Down

$17,997,099

Down $2,022,821 (-10%) from 2023

Revenue

Down

$5,835,630

Down $51,765 (-0.9%) from 2023

Expenses

Up

$7,858,451

Up $4,409,183 (+128%) from 2023

Net Income

Down

-$2,022,821

Down $4,460,948 (-183%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2018: $10,208,754Liabilities 2018: $318,180Net Assets 2018: $9,890,5742018Assets 2019: $10,489,303Liabilities 2019: $357,484Net Assets 2019: $10,131,8192019Assets 2020: $12,820,844Liabilities 2020: $431,774Net Assets 2020: $12,389,0702020Assets 2021: $15,432,626Liabilities 2021: $261,791Net Assets 2021: $15,170,8352021Assets 2022: $17,977,830Liabilities 2022: $277,558Net Assets 2022: $17,700,2722022Assets 2023: $20,265,765Liabilities 2023: $245,845Net Assets 2023: $20,019,9202023Assets 2024: $18,358,845Liabilities 2024: $361,746Net Assets 2024: $17,997,0992024

Highlighted filing

2024

Assets$18,358,845
Liabilities$361,746
Net Assets$17,997,099

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2018: $3,398,614Expenses 2018: $2,645,778Net Income 2018: $752,8362018Revenue 2019: $4,046,602Expenses 2019: $3,805,353Net Income 2019: $241,2492019Revenue 2020: $5,388,063Expenses 2020: $3,130,810Net Income 2020: $2,257,2532020Revenue 2021: $5,396,847Expenses 2021: $2,615,082Net Income 2021: $2,781,7652021Revenue 2022: $5,488,546Expenses 2022: $2,959,107Net Income 2022: $2,529,4392022Revenue 2023: $5,887,395Expenses 2023: $3,449,268Net Income 2023: $2,438,1272023Revenue 2024: $5,835,630Expenses 2024: $7,858,451Net Income 2024: -$2,022,8212024

Highlighted filing

2024

Revenue$5,835,630
Expenses$7,858,451
Net Income-$2,022,821

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 8, 2025
Return Version
2024v5.1
Gross Receipts
$5,835,630
Mission and Program Overview

Mission

The Association is responsible for the operations and maintenance of the common property within the 1,500 acre development that includes 2,134 residential lots.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,041,357$18,014,199▼ $2,027,158
Rtn Earn Endowment Incm Other Fnds$20,019,920$17,997,099▼ $2,022,821
Cash and Non-Interest-Bearing Accounts$206,917$343,637▲ $136,720
Other Notes and Loans Receivable, Net$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$20,265,765$18,358,845▼ $1,906,920
Other Assets Total$17,491$1,009▼ $16,482
Liabilities
Other Liabilities$245,845$292,009▲ $46,164
Accounts Payable and Accrued Expenses-$69,737-
Total Liabilities$245,845$361,746▲ $115,901
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,019,920$17,997,099▼ $2,022,821
Total Liabilities and Net Assets / Fund Balance$20,265,765$18,358,845▼ $1,906,920

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$40,696$40,696
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Kynoski--$388,465$9,441$397,906
David KynoskiChief Operating OfficerFT$390,706-$390,706
Jacob HildebrandCommunity ManagerFT$159,170-$159,170
Jacob Hildebrand--$138,481$20,689$159,170
Andrew P SchumacherChief Operating OfficerFT$24,642-$24,642

Board Members and Trustees

NameTitle
Jim AndersonPresident
Terri HackSenior Vice President LOWE
Rick BradleyVice President
Howard ThompsonDirector
Todd FrancisDirector
Paige HauffSecretary
Deborah StanleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
-Construction1990 HARLEY ST, North Charleston, SC 29406$2,829,250
Arnett Construction LLCConstructionONE COOL BLOW ST SUITE 322, Charleston, SC 29401$1,653,064
Allied Universal SecuritySecurity4000 FABER PL DR 340, North Charleston, SC 29405$707,695
Green Carolina Landscape Contractors IncLandscaping1899 CLEMENTS FERRY ROAD, Charleston, SC 29492$413,878
-Construction147 VACUUM LN, Ridgeville, SC 29472$282,990
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,219,999
Investment Income
$1,029,650
Other Revenue
$2,585,981
Change in Net Assets
$-2,022,821

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,835,629
Total Revenue per Audited Statements
$5,835,629
Total Revenue per Form 990
$5,835,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,884,701
Salaries, Compensation, and Employee Benefits$973,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$276,606$148,942$0$425,548
Other Salaries and Wages$261,467$140,790$0$402,257
Insurance$114,857$0$0$114,857
All Other Expenses$56,234$30,280$0$86,514
Other Employee Benefits$52,705$28,380$0$81,085
Other Expenses$33,253$17,904$0$51,157
Payroll Taxes$29,412$15,837$0$45,249
Occupancy$26,622$0$0$26,622
Conferences and Meetings$17,119$9,218$0$26,337
Fees for Services Accounting$13,260$7,140$0$20,400
Pension Plan Contributions$12,747$6,864$0$19,611
Information Technology$12,630$0$0$12,630
Office Expenses$7,673$0$0$7,673
Fees for Services Legal$3,671$1,977$0$5,648
Total Functional Expenses$5,442,671$2,415,780$0$7,858,451

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,858,453
Total Expenses per Audited Statements$7,858,453
Total Expenses per Form 990$7,858,453
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Arc Restricted Deposits$291,000
Intercompany Payables$1,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Wild Dunes Community Association Inc
EIN
57-0650677
Phone
8438868847
Address
6200 PALMETTO DRIVE, ISLE OF PALMS, SC 29451

Signing Officer

Name
Andrew P Schumacher
Title
COO
Phone
8438868847
Signed
2025-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Stanley
Formed
1977
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
42

Preparer

Firm
Streetman Jones & Powers LLC
Address
171 CHURCH STREET STE 240, CHARLESTON, SC 29401
Preparer
Brian R Powers CPA Cva
Phone
8437233133
Supplemental Narrative

Additional Explanations

Other

Form 990, Part 1, Line 1- Organization Mission or Significant Activities: Wild Dunes Community Association, Inc.is a mutual benefit non-profit corporation formed and operated under the laws of the state of South Carolina. The Association is a gated community that allows substantial public access. The Association provides ongoing services for the benefit of the members and the public that visit. These services include, but are not limited to, maintenance, security, wild life management, road repairs, drainage maintenance, storm water pond maintenance, street lighting, and recreational facilities.

Other

Form 990, Part III, Line 4a - Program Service Accomplishments: The Association is primarily engaged in promoting the common good and general welfare of the residents of Wild Dunes Community Association, Inc. and surrounding areas. The Association lessens the burdens of government by conducting activities as follows: 1) Road maintenance - The Community owns 15 miles of roads and is fully responsible for the maintenance, repair and reconstruction of these roads. The Communitys road maintenance activities promote the general welfare of the community and, because road maintenance is an essential governmental function, the activities lessen the burden of the city of Isle of Palms and county of Charleston. 2)Lake Maintenance - The Association owns and maintains approximately 30 acres of lakes within the community. Lake maintenance is also related to the Associations drainage system and interconnected lagoons which facilitate drainage. 3) Bike path maintenance - The Community owns 4.5 miles of bike paths and is fully responsible for the maintenance, repair and reconstruction of these paths. The Associations path maintenance activities promote the general welfare of the community and lessens the burden of the city and county of Charleston. 4) Guard and gate facilities and security service - The Association contracts a small, private security company to serve the people of the community, which is another important Association activity that promotes the general welfare of the community. The security service duties include monitoring gate access and patrolling the community while watching out for unusual or suspicious activity to reduce crime. Security personnel are first responders and interact with the City of Isle of Palms law enforcement and emergency medical personnel. This security operation is similar to law enforcement operations of small municipalities and is an essential governmental type service. 5) Maintenance of Monument Signs, Greenbelts and Fences - The Association maintains monument signs at the two entrances and greenbelts throughout the community. This is done as part of a beautification project for the benefit of the public, meaning the world-at-large. 6) Recreational Facilities - The Association operates and maintains the Beach House facility which is open to members and guests. The Isle of Palms municipality and Association have worked closely together to maintain and fund renourishment of the beaches of the Atlantic Ocean adjacent to the community, for the benefit of residents, visitors, and the general public alike.

Other

Form 990, Part III, Line 4b - Program Service Accomplishments: The Association works closely with the City of Isle of Palms and State of South Carolina to maintain the public beaches within the community. Services provided by the Association that are quasi-governmental in nature: - Road and storm water drainage maintenance - Retention pond maintenance - Landscaping and tree maintenance - Street lighting - Signage - Beach maintenance - Security stations and patrols - Common area litter pickups and disposal - Emergency planning and disaster recovery

Pt VI, Line 6

Form 990, Part VI, Line 6 - Explanation of Classes of Members or Shareholder: The Association is a homeowners association consisting of 2,135 residential lots. Owners are automatically granted membership in the Association upon purchase of their lot.

Pt VI, Line 7A

Form 990, Part VI, Line 7a - How Members of Shareholders Elect Governing Body: The Associations governing documents and state law require the Association hold an annual meeting and election. Members exercise their voting rights either in person or by proxy at the annual meeting. The Association can designate up to eleven board members.

Pt VI, Line 11B

Form 990, Part VI, Line 11b - Form 990 Review Process: The Form 990 tax return will be reviewed by the Chief Operating Officer and Board of Directors.

Pt VI, Line 12C

Form 990, Part VI, Line 12c - Explanation of Monitoring and Enforcement of Conflicts: The conflict of interest policy is written in the employee manual and Chief Operations Officer contract. The C.O.O. routinely monitors the on-the-job work performance of Association employees. The Board of Directors has direct oversight of the C.O.O. with regard to potential conflicts of interest.

Pt VI, Line 15A

Form 990, Part VI, Line 15a - Compensation Review & Approval Process - CEO & Top Management: The Personnel Committee including the President, Vice President, and Treasurer conduct an annual review once a year. The Committee also makes recommendations to the Board of Directors for wages and bonuses of the Chief Operating Officer.

Pt VI, Line 19

Form 990, Part VI, Line 19 - Other Organization Documents Publicly Available: No other documents available to the public.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Senior Vice President LOWE
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