Civic Intelligence

Bucksport Water System Inc

990 • Fiscal year 2015 • EIN 57-0809787

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 08, 2016

Organization Profile

View Organization Page

P O Box 1032Conway, SC 29528-1032

(843) 248-3195

Siviq Scores

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

Liabilities / Assets

68th percentile

0.51x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

2.99x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Net Margin

60th percentile

8.3%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

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

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Asset Growth

89th percentile

12%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

6.3%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$10,280,259

Up $1,113,130 (+12%) from 2014

Net Assets

Down

$5,072,791

Down $580,507 (-10%) from 2014

Liabilities

Up

$5,207,468

Up $1,693,637 (+48%) from 2014

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin60th percentile

Revenue

Up

$1,742,708

Up $103,901 (+6.3%) from 2014

Expenses

Up

$1,598,909

Up $70,328 (+4.6%) from 2014

Net Income

Up

$143,799

Up $33,573 (+30%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$30M$20M$10M$0Assets 2010: $7,639,550Liabilities 2010: $2,291,399Net Assets 2010: $5,348,1512010Assets 2011: $7,581,596Liabilities 2011: $2,166,204Net Assets 2011: $5,415,3922011Assets 2012: $7,531,178Liabilities 2012: $2,114,021Net Assets 2012: $5,417,1572012Assets 2013: $7,759,389Liabilities 2013: $2,216,317Net Assets 2013: $5,543,0722013Assets 2014: $9,167,129Liabilities 2014: $3,513,831Net Assets 2014: $5,653,2982014Assets 2015: $10,280,259Liabilities 2015: $5,207,468Net Assets 2015: $5,072,7912015Assets 2016: $10,533,100Liabilities 2016: $5,242,675Net Assets 2016: $5,290,4252016Assets 2017: $11,117,510Liabilities 2017: $5,257,987Net Assets 2017: $5,859,5232017Assets 2018: $11,163,494Liabilities 2018: $5,082,056Net Assets 2018: $6,081,4382018Assets 2019: $11,418,124Liabilities 2019: $4,965,831Net Assets 2019: $6,452,2932019Assets 2020: $14,939,886Liabilities 2020: $7,710,637Net Assets 2020: $7,229,2492020Assets 2021: $17,896,855Liabilities 2021: $9,919,035Net Assets 2021: $7,977,8202021Assets 2022: $19,321,017Liabilities 2022: $9,536,936Net Assets 2022: $9,784,0812022Assets 2023: $21,831,503Liabilities 2023: $9,773,920Net Assets 2023: $12,057,5832023Assets 2024: $24,165,319Liabilities 2024: $9,362,853Net Assets 2024: $14,802,4662024

Highlighted filing

2015

Assets$10,280,259
Liabilities$5,207,468
Net Assets$5,072,791
Open 2015 Filing

Operations Trend

Revenue Growth73rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,298,3122010Expenses 2011: $1,363,6242011Expenses 2012: $1,460,6242012Revenue 2013: $1,545,506Expenses 2013: $1,419,590Net Income 2013: $125,9162013Revenue 2014: $1,638,807Expenses 2014: $1,528,581Net Income 2014: $110,2262014Revenue 2015: $1,742,708Expenses 2015: $1,598,909Net Income 2015: $143,7992015Revenue 2016: $1,992,953Expenses 2016: $1,804,847Net Income 2016: $188,1062016Revenue 2017: $2,458,684Expenses 2017: $1,857,226Net Income 2017: $601,4582017Revenue 2018: $2,028,684Expenses 2018: $1,806,769Net Income 2018: $221,9152018Revenue 2019: $2,398,254Expenses 2019: $2,027,399Net Income 2019: $370,8552019Revenue 2020: $2,903,605Expenses 2020: $2,126,649Net Income 2020: $776,9562020Revenue 2021: $3,096,455Expenses 2021: $2,347,884Net Income 2021: $748,5712021Revenue 2022: $4,245,396Expenses 2022: $2,439,135Net Income 2022: $1,806,2612022Revenue 2023: $5,094,357Expenses 2023: $2,820,855Net Income 2023: $2,273,5022023Revenue 2024: $6,014,486Expenses 2024: $3,269,603Net Income 2024: $2,744,8832024

Highlighted filing

2015

Revenue$1,742,708
Expenses$1,598,909
Net Income$143,799
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 8, 2016
Return Version
2015v2.1
Gross Receipts
$1,742,708
Mission and Program Overview

Mission

Provide public water to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,441,675$6,800,124▲ $358,449
Cash and Non-Interest-Bearing Accounts$2,569,253$2,932,019▲ $362,766
Accounts Receivable$116,322$134,014▲ $17,692
Inventories for Sale or Use$30,853$35,690▲ $4,837
Prepaid Expenses and Deferred Charges$9,026$15,567▲ $6,541
Total Assets$9,167,129$10,280,259▲ $1,113,130
Other Assets Total-$362,845-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,509,157$4,885,851▲ $1,376,694
Accounts Payable and Accrued Expenses$728,980$321,617▼ $407,363
Total Liabilities$4,238,137$5,207,468▲ $969,331
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,906,495$5,050,294▲ $143,799
Unrestricted Net Assets$22,497$22,497→ $0
Total Net Assets Fund Balance$4,928,992$5,072,791▲ $143,799
Total Liabilities and Net Assets / Fund Balance$9,167,129$10,280,259▲ $1,113,130

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,857,029$6,902,533$12,759,562
Equipment$475,036-$475,036
Buildings$238,497-$238,497
Land$229,562-$229,562
Other Assets Org$362,845--
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Vernon MartinPresident
Keith M CollinsGeneral Manager
Mark SingletonSecretary
Eddie AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,712,001
Investment Income
$901
Other Revenue
$29,806
Change in Net Assets
$143,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,742,708
Total Revenue per Audited Statements
$1,742,708
Total Revenue per Form 990
$1,742,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,156,458
Salaries, Compensation, and Employee Benefits$442,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$418,841$768-$419,609
Other Salaries and Wages$218,576$162,921-$381,497
Interest$123,293--$123,293
Fees for Services Other$42,038$16,850-$58,888
Fees for Services Legal-$49,493-$49,493
Pension Plan Contributions$17,906$13,863-$31,769
Fees for Services Accounting-$30,500-$30,500
Payroll Taxes$17,487$11,698-$29,185
Other Expenses$304,628$20,669-$20,669
Total Functional Expenses$1,292,147$306,762$0$1,598,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,598,909
Total Expenses per Audited Statements$1,598,909
Total Expenses per Form 990$1,598,909
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Bucksport Water System Inc provides water to its members When a person or entity signs up and purchases a Water Tap they become a voting member of the system”

Member election for additional members Part VI line 7A

“Annual meeting is held every March There are 5 Districts within the System and each district has two(2) Board Members that are elected by the Members. The directors serve 2 year terms and 1 director is elected each year from each district”

Governing body meeting documentation Part VI line 8A

“All Documents are available at 4208 Fourth Avenue Conway South Carolina 29526 between the hours of 8am and 5pm Monday thru Friday”

Form 990 governing body review Part VI line 11

“The 990 is presented and approved by the Board of Directors and in their monthly meeting NO REVIEW WILL BE CONDUCTED”

Conflict of interest policy compliance Part VI line 12C

“Corporation adapted a conflect of interest policy in June 2009 at the Board of Directors Meeting”

CEO executive director top management comp Part VI line 15A

“Each September a Financial Commettee reviews the Staff Job Discriptions and Wages based on the goals of the Corporation and the industry”

Other officer or key employee compensation Part VI line 15B

“Reviewed annually by and independent committee appointed by the board of diectors”

Governing documents etc available to public Part VI line 19

“All documents, tax returns and audited financial statements are available at home office 2809 4th avenue conway sc 29526 during business hours monday to thursday 7:30 am to 5:30 pm friday 8 am till noon”

Filing and Contact Details

Filer

Filer Name
Bucksport Water System Inc
EIN
57-0809787
Address
P O BOX 1032, Conway, SC 29528-1032

Signing Officer

Name
Keith M Collins
Title
General Manager
Phone
8432483195
Signed
2016-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eddie Anderson
Formed
1968
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
10

Preparer

Firm
David G Lewis CPA Pa
Address
1301 THIRD AVENUE, Conway, SC 29526
Preparer
David G Lewis
Phone
8432483100
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“ROUNDING ERROR”

Raw XML Appendix337 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0728980
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0321617
IRS990/AccountsReceivableGrp/BOYAmt0116322
IRS990/AccountsReceivableGrp/EOYAmt0134014
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE PUBLIC WATER TO MEMBERS
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KEITH M COLLINS 5 Highest
IRS990/BooksInCareOfDetail/PhoneNum08432483195
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02809 4TH AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0Conway
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029526
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02569253
IRS990/CashNonInterestBearingGrp/EOYAmt02932019
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0901
IRS990/CYOtherExpensesAmt01156458
IRS990/CYOtherRevenueAmt029806
IRS990/CYProgramServiceRevenueAmt01712001
IRS990/CYRevenuesLessExpensesAmt0143799
IRS990/CYSalariesCompEmpBnftPaidAmt0442451
IRS990/CYTotalExpensesAmt01598909
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01742708
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0768
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0418841
IRS990/DepreciationDepletionGrp/TotalAmt0419609
IRS990/Desc0PROVIDE PUBLIC WATER TO MEMBERS BOTH RESIDENTIAL AND COMMERCIAL
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt01292147
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030500
IRS990/FeesForServicesAccountingGrp/TotalAmt030500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt049493
IRS990/FeesForServicesLegalGrp/TotalAmt049493
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt016850
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt042038
IRS990/FeesForServicesOtherGrp/TotalAmt058888
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0EDDIE ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm2VERNON MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH M COLLINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01742708
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt0123293
IRS990/InterestGrp/TotalAmt0123293
IRS990/InventoriesForSaleOrUseGrp/BOYAmt030853
IRS990/InventoriesForSaleOrUseGrp/EOYAmt035690
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0901
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0901
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06902533
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06441675
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06800124
IRS990/LandBldgEquipCostOrOtherBssAmt013702657
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt01741807
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE PUBLIC WATER TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03509157
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04885851
IRS990/NetAssetsOrFundBalancesBOYAmt04928992
IRS990/NetAssetsOrFundBalancesEOYAmt05072791
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0362845
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OPERATION EXPENSE
IRS990/OtherExpensesGrp/Desc2DIRECTOR FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020669
IRS990/OtherExpensesGrp/ProgramServicesAmt0149378
IRS990/OtherExpensesGrp/ProgramServicesAmt1304628
IRS990/OtherExpensesGrp/TotalAmt0149378
IRS990/OtherExpensesGrp/TotalAmt1304628
IRS990/OtherExpensesGrp/TotalAmt220669
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029806
IRS990/OtherRevenueTotalAmt029806
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0162921
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0218576
IRS990/OtherSalariesAndWagesGrp/TotalAmt0381497
IRS990/OtherSourcesGrossIncomeAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011698
IRS990/PayrollTaxesGrp/ProgramServicesAmt017487
IRS990/PayrollTaxesGrp/TotalAmt029185
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013863
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017906
IRS990/PensionPlanContributionsGrp/TotalAmt031769
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09026
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015567
IRS990/PrincipalOfficerNm0EDDIE ANDERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1TAP IN FEES
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01474804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt290997
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01474804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt290997
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt04524
IRS990/PYOtherExpensesAmt01109993
IRS990/PYOtherRevenueAmt015945
IRS990/PYProgramServiceRevenueAmt01618338
IRS990/PYRevenuesLessExpensesAmt0110226
IRS990/PYSalariesCompEmpBnftPaidAmt0418588
IRS990/PYTotalExpensesAmt01528581
IRS990/PYTotalRevenueAmt01638807
IRS990/ReconcilationRevenueExpnssAmt0143799
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01741807
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0238497
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0238497
IRS990ScheduleD/EquipmentGrp/BookValueAmt0475036
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0475036
IRS990ScheduleD/ExpensesSubtotalAmt01598909
IRS990ScheduleD/LandGrp/BookValueAmt0229562
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0229562
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05857029
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06902533
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012759562
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0362845
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED FUNDS HELD BY USDA
IRS990ScheduleD/RevenueSubtotalAmt01742708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06800124
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0362845
IRS990ScheduleD/TotalExpensesPerForm990Amt01598909
IRS990ScheduleD/TotalRevenuePerForm990Amt01742708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01742708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01598909
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Bucksport Water System Inc provides water to its members When a person or entity signs up and purchases a Water Tap they become a voting member of the system
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual meeting is held every March There are 5 Districts within the System and each district has two(2) Board Members that are elected by the Members. The directors serve 2 year terms and 1 director is elected each year from each district
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Documents are available at 4208 Fourth Avenue Conway South Carolina 29526 between the hours of 8am and 5pm Monday thru Friday
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is presented and approved by the Board of Directors and in their monthly meeting NO REVIEW WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Corporation adapted a conflect of interest policy in June 2009 at the Board of Directors Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Each September a Financial Commettee reviews the Staff Job Discriptions and Wages based on the goals of the Corporation and the industry
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reviewed annually by and independent committee appointed by the board of diectors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL DOCUMENTS, TAX RETURNS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT HOME OFFICE 2809 4TH AVENUE CONWAY SC 29526 DURING BUSINESS HOURS MONDAY TO THURSDAY 7:30 AM TO 5:30 PM FRIDAY 8 AM TILL NOON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ROUNDING ERROR
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 meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
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/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04906495
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05050294
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09167129
IRS990/TotalAssetsEOYAmt010280259
IRS990/TotalAssetsGrp/BOYAmt09167129
IRS990/TotalAssetsGrp/EOYAmt010280259
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0306762
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01292147
IRS990/TotalFunctionalExpensesGrp/TotalAmt01598909
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04238137
IRS990/TotalLiabilitiesEOYAmt05207468
IRS990/TotalLiabilitiesGrp/BOYAmt04238137
IRS990/TotalLiabilitiesGrp/EOYAmt05207468
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04928992
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05072791
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01292147
IRS990/TotalProgramServiceRevenueAmt01712001
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01742708
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01742708
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09167129
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010280259
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022497
IRS990/UnrestrictedNetAssetsGrp/EOYAmt022497
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05323 DONGOLA HIGHWAY
IRS990/USAddress/CityNm0Conway
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029527
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH M COLLINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08432483195
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUCKSPORT WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0BUCK
ReturnHeader/Filer/EIN0570809787
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1032
ReturnHeader/Filer/USAddress/CityNm0Conway
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0295281032
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571058387
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID G LEWIS CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 THIRD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Conway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029526
ReturnHeader/PreparerPersonGrp/PhoneNum08432483100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID G LEWIS
ReturnHeader/ReturnTs02016-08-10T11:32:40-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,280,259
Liabilities
$5,207,468
Net assets
$5,072,791
Revenue
$1,742,708
Expenses
$1,598,909
Net income
$143,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.2$9.36$14.8$6.01$3.27$2.74
2023Detailed filing. Detailed filing data is available for this year.$21.8$9.77$12.1$5.09$2.82$2.27
2022Detailed filing. Detailed filing data is available for this year.$19.3$9.54$9.78$4.25$2.44$1.81
2021Detailed filing. Detailed filing data is available for this year.$17.9$9.92$7.98$3.10$2.35$0.75
2020Detailed filing. Detailed filing data is available for this year.$14.9$7.71$7.23$2.90$2.13$0.78
2019Detailed filing. Detailed filing data is available for this year.$11.4$4.97$6.45$2.40$2.03$0.37
2018Detailed filing. Detailed filing data is available for this year.$11.2$5.08$6.08$2.03$1.81$0.22
2017Detailed filing. Detailed filing data is available for this year.$11.1$5.26$5.86$2.46$1.86$0.60
2016Detailed filing. Detailed filing data is available for this year.$10.5$5.24$5.29$1.99$1.80$0.19
2015Detailed filing. Detailed filing data is available for this year.$10.3$5.21$5.07$1.74$1.60$0.14
2014Detailed filing. Detailed filing data is available for this year.$9.17$3.51$5.65$1.64$1.53$0.11
2013Detailed filing. Detailed filing data is available for this year.$7.76$2.22$5.54$1.55$1.42$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$2.11$5.42$1.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.58$2.17$5.42$1.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.64$2.29$5.35$1.30