Civic Intelligence

Pace Water System Inc

EIN 59-1098296 • 501(c)12 • Pace, FL

Profile

To operate and maintain a system for the supply and distribution of water, sewer, and reuse within its franchise area granted by santa rosa county.

4401 Woodbine RoadPace, FL 32571

www.pacewater.org

Siviq Scores

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

Liabilities / Assets

1st percentile

0.04x

Higher debt load relative to assets than 1% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.30x

Higher debt load relative to revenue than 4% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

99th percentile

37%

Higher net margin than 99% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

83rd percentile

10%

Faster asset growth than 83% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

4.7%

Faster revenue growth than 53% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$145,459,162

Up $13,648,035 (+10%) from 2023

Liabilities

Down

$5,424,323

Down $542,088 (-9.1%) from 2023

Net Assets

Up

$140,034,839

Up $14,190,123 (+11%) from 2023

Revenue

Up

$18,136,156

Up $814,521 (+4.7%) from 2023

Expenses

Up

$11,435,344

Up $2,293,296 (+25%) from 2023

Net Income

Down

$6,700,812

Down $1,478,775 (-18%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $47,090,097Liabilities 2010: $1,134,156Net Assets 2010: $45,955,9412010Assets 2011: $48,274,164Liabilities 2011: $1,167,569Net Assets 2011: $47,106,5952011Assets 2012: $49,404,173Liabilities 2012: $1,299,009Net Assets 2012: $48,105,1642012Assets 2013: $51,296,842Liabilities 2013: $1,682,772Net Assets 2013: $49,614,0702013Assets 2014: $52,284,144Liabilities 2014: $1,355,405Net Assets 2014: $50,928,7392014Assets 2015: $54,625,374Liabilities 2015: $1,455,849Net Assets 2015: $53,169,5252015Assets 2016: $56,728,586Liabilities 2016: $1,563,732Net Assets 2016: $55,164,8542016Assets 2017: $58,503,463Liabilities 2017: $1,683,896Net Assets 2017: $56,819,5672017Assets 2018: $60,152,345Liabilities 2018: $1,870,688Net Assets 2018: $58,281,6572018Assets 2019: $62,728,324Liabilities 2019: $1,994,102Net Assets 2019: $60,734,2222019Assets 2020: $92,808,024Liabilities 2020: $2,209,513Net Assets 2020: $90,598,5112020Assets 2021: $100,740,740Liabilities 2021: $2,872,794Net Assets 2021: $97,867,9462021Assets 2022: $113,717,258Liabilities 2022: $3,169,309Net Assets 2022: $110,547,9492022Assets 2023: $131,811,127Liabilities 2023: $5,966,411Net Assets 2023: $125,844,7162023Assets 2024: $145,459,162Liabilities 2024: $5,424,323Net Assets 2024: $140,034,8392024

Highlighted filing

2024

Assets$145,459,162
Liabilities$5,424,323
Net Assets$140,034,839

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2010: $1,802,3812010Revenue 2011: $4,255,868Expenses 2011: $3,119,778Net Income 2011: $1,136,0902011Expenses 2012: $3,108,8422012Revenue 2013: $4,732,495Expenses 2013: $3,274,462Net Income 2013: $1,458,0332013Revenue 2014: $4,883,362Expenses 2014: $3,580,377Net Income 2014: $1,302,9852014Revenue 2015: $5,241,703Expenses 2015: $3,713,314Net Income 2015: $1,528,3892015Revenue 2016: $5,280,672Expenses 2016: $3,972,041Net Income 2016: $1,308,6312016Revenue 2017: $5,314,629Expenses 2017: $4,162,111Net Income 2017: $1,152,5182017Revenue 2018: $5,505,887Expenses 2018: $4,503,141Net Income 2018: $1,002,7462018Revenue 2019: $5,049,374Expenses 2019: $4,696,386Net Income 2019: $352,9882019Revenue 2020: $12,076,265Expenses 2020: $9,114,608Net Income 2020: $2,961,6572020Revenue 2021: $12,498,088Expenses 2021: $10,206,622Net Income 2021: $2,291,4662021Revenue 2022: $14,421,848Expenses 2022: $8,012,578Net Income 2022: $6,409,2702022Revenue 2023: $17,321,635Expenses 2023: $9,142,048Net Income 2023: $8,179,5872023Revenue 2024: $18,136,156Expenses 2024: $11,435,344Net Income 2024: $6,700,8122024

Highlighted filing

2024

Revenue$18,136,156
Expenses$11,435,344
Net Income$6,700,812

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$145$5.42$140$18.1$11.4$6.70
2023Detailed filing. Detailed filing data is available for this year.$132$5.97$126$17.3$9.14$8.18
2022Detailed filing. Detailed filing data is available for this year.$114$3.17$111$14.4$8.01$6.41
2021Detailed filing. Detailed filing data is available for this year.$101$2.87$97.9$12.5$10.2$2.29
2020Detailed filing. Detailed filing data is available for this year.$92.8$2.21$90.6$12.1$9.11$2.96
2019Detailed filing. Detailed filing data is available for this year.$62.7$1.99$60.7$5.05$4.70$0.35
2018Summary only. Only limited summary data is available for this year.$60.2$1.87$58.3$5.51$4.50$1.00
2017Detailed filing. Detailed filing data is available for this year.$58.5$1.68$56.8$5.31$4.16$1.15
2016Detailed filing. Detailed filing data is available for this year.$56.7$1.56$55.2$5.28$3.97$1.31
2015Detailed filing. Detailed filing data is available for this year.$54.6$1.46$53.2$5.24$3.71$1.53
2014Detailed filing. Detailed filing data is available for this year.$52.3$1.36$50.9$4.88$3.58$1.30
2013Detailed filing. Detailed filing data is available for this year.$51.3$1.68$49.6$4.73$3.27$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.4$1.30$48.1$3.11
2011Summary only. Only limited summary data is available for this year.$48.3$1.17$47.1$4.26$3.12$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$1.13$46.0$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 23, 2025
Return Version
2024v5.0
Gross Receipts
$18,390,091
Mission and Program Overview

Mission

To operate and maintain a system for the supply and distribution of water, sewer, and reuse within its franchise area granted by santa rosa county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,669,169$77,241,209▲ $14,572,040
Rtn Earn Endowment Incm Other Fnds$65,754,409$72,455,221▲ $6,700,812
Pd in Cap Srpls Land Bldg Eqp Fund$60,044,082$67,532,133▲ $7,488,051
Savings and Temporary Cash Investments$21,056,707$16,806,582▼ $4,250,125
Accounts Receivable$2,367,486$2,809,184▲ $441,698
Inventories for Sale or Use$1,575,245$1,542,540▼ $32,705
Cash and Non-Interest-Bearing Accounts$1,058,242$1,272,956▲ $214,714
Prepaid Expenses and Deferred Charges$185,924$321,238▲ $135,314
Other Notes and Loans Receivable, Net$134,310$123,471▼ $10,839
Cap Stk Tr Prin Current Funds$46,225$47,485▲ $1,260
Total Assets$131,811,127$145,459,162▲ $13,648,035
Other Assets Total$42,764,044$45,341,982▲ $2,577,938
Liabilities
Accounts Payable and Accrued Expenses$3,823,800$3,101,632▼ $722,168
Escrow Account Liability$2,142,611$2,322,691▲ $180,080
Total Liabilities$5,966,411$5,424,323▼ $542,088
Net Assets / Fund Balance
Total Net Assets Fund Balance$125,844,716$140,034,839▲ $14,190,123
Total Liabilities and Net Assets / Fund Balance$131,811,127$145,459,162▲ $13,648,035

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$73,867,941$37,187,093$111,055,034
Land$1,937,106-$1,937,106
Buildings$1,436,162-$1,436,162
Other Assets Org$4,290--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Damon BoutwellGeneral ManaFT$169,160$2,400$171,560
Damon BoutwellGeneral Manager-$168,716$2,844$171,560
Doug DangeloControllerFT$106,361$2,400$108,761

Board Members and Trustees

NameTitle
Paul HinsonPresident
Crawford OdomDirector
Howard HarrisDirector
Mary HowellSecretary
Danny WarrickTreasurer
Bill CarneyVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Roberson Underground UtilityConstruction9790 ROBERSON WAY, Milton, FL 32570$4,319,919
Brown ConstructionConstruction10200 COVE AVE, Pensacola, FL 32534$1,952,888
Cb&i Storage Tank SolutionsConstructionPO BOX 201213, Dallas, TX 75320-1213$1,885,750
Precon CorporationConstruction115 SW 140TH TERR, Newberry, FL 32669$622,725
B&w UtilitiesConstruction1610 SUCCESS DR, Cantonment, FL 32533$414,639
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,112,612
Investment Income
$23,544
Other Revenue
$0
Change in Net Assets
$6,700,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,900,124
Salaries, Compensation, and Employee Benefits$4,535,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,671,076
All Other Expenses---$2,046,867
Insurance---$1,167,250
Other Expenses---$354,353
Other Employee Benefits---$292,970
Payroll Taxes---$290,853
Current Officers, Directors, Trustees, and Key Employees---$280,321
Fees for Services Legal---$82,085
Travel---$77,386
Fees for Services Other---$54,545
Office Expenses---$48,524
Advertising---$20,218
Depreciation Depletion---$-95,166
Total Functional Expenses$0$0$0$11,435,344
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

All water customers are members of the system. When a customer joins the system, they pay a 2.50 membership fee.

Form 990, Page 6, Part VI, Line 7A

Each member has voting rights.

Form 990, Page 6, Part VI, Line 11B

The books are audited by an independent cpa and reviewed by the board of directors prior to the return being filed with the irs.

Form 990, Page 6, Part VI, Line 12C

To comply with the conflict of interest policy, a periodic review is done by the board of directors and legal counsel.

Form 990, Page 6, Part VI, Line 15A

Board of directors review and approve general manager's contract including compensation.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflicts of interest policy, and the financial statements of the pace water system, inc. And are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pace Water System Inc
EIN
59-1098296
Phone
8509945129
Address
4401 WOODBINE ROAD, PACE, FL 32571

Signing Officer

Name
Damon Boutwell
Title
General Manager
Phone
8509945129
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damon Boutwell
Formed
1964
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
72

Preparer

Firm
Durst Jordan CPA Pa
Address
4459-B HIGHWAY 90, MILTON, FL 32571
Preparer
Joshua C Durst
Phone
8509955000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To operate and maintain a system for the supply and distribution of water, sewer, and reuse within its franchise area granted by santa rosa county.

Form 990, Part IX, Line 24E

Supplies 337,217 0 0 vehicle expense 257,687 0 0 engineering 178,348 0 0 bank charges 173,442 0 0 billing services 173,201 0 0 other contractual service 172,987 0 0 disposal 152,380 0 0 telephone 151,122 0 0 education and training 115,452 0 0 testing and fees 112,275 0 0 bad debts 95,218 0 0 taxes and licenses 67,579 0 0 special events 52,551 0 0 misc. Expense 7,408 0 0 total 2,046,867 0 0

Form 990, Part XI, Line 9

Increase in membership certificates 1,260 tap fees 6,060,421 developer contributions 5,344,448 amortization of ciac -3,916,818 total 7,489,311

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The system holds customer deposits in a reserve account. These deposits are considered a liability because the deposits are returned to customers when they leave the system.

Raw XML AppendixShowing 400 of 441 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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IRS990/InventoriesForSaleOrUseGrp/BOYAmt01575245
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01542540
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IRS990/LandBldgEquipAccumDeprecAmt037187093
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt077241209
IRS990/LandBldgEquipCostOrOtherBssAmt0114428302
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0253935
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt018104437
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE AND MAINTAIN A SYSTEM FOR THE SUPPLY AND DISTRIBUTION OF WATER, SEWER, AND REUSE WITHIN ITS FRANCHISE AREA GRANTED BY SANTA ROSA COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-253935
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt048524
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt042764044
IRS990/OtherAssetsTotalGrp/EOYAmt045341982
IRS990/OtherChangesInNetAssetsAmt07489311
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0292970
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2CHEMICALS
IRS990/OtherExpensesGrp/Desc3COMPUTER SUPPORT AND MAIN
IRS990/OtherExpensesGrp/TotalAmt01865439
IRS990/OtherExpensesGrp/TotalAmt1911035
IRS990/OtherExpensesGrp/TotalAmt2367588
IRS990/OtherExpensesGrp/TotalAmt3354353
IRS990/OtherSalariesAndWagesGrp/TotalAmt03671076
IRS990/OtherSourcesGrossIncomeAmt031719
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0134310
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0123471
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0290853
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt060044082
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt067532133
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0185924
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0321238
IRS990/PrincipalOfficerNm0DAMON BOUTWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1SEWER AND REUSE SALES
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES
IRS990/ProgramServiceRevenueGrp/Desc3SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc4MISC. SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09221341
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18171569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2552648
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3123821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt429638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09221341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18171569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2552648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3123821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt429638
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO OPERATE AND MAINTAIN A SYSTEM FOR THE SUPPLY AND DISTRIBUTION OF WATER, SEWER, AND REUSE WITHIN ITS FRANCHISE AREA GRANTED BY SANTA ROSA COUNTY.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt033067
IRS990/PYOtherExpensesAmt05349434
IRS990/PYProgramServiceRevenueAmt017288568
IRS990/PYRevenuesLessExpensesAmt08179587
IRS990/PYSalariesCompEmpBnftPaidAmt03792614
IRS990/PYTotalExpensesAmt09142048
IRS990/PYTotalRevenueAmt017321635
IRS990/ReconcilationRevenueExpnssAmt06700812
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065754409
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt072455221
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021056707
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016806582
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01436162
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01436162
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01937106
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01937106
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt035812588
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19525104
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE TO PPFA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt073867941
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037187093
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0111055034
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SYSTEM HOLDS CUSTOMER DEPOSITS IN A RESERVE ACCOUNT. THESE DEPOSITS ARE CONSIDERED A LIABILITY BECAUSE THE DEPOSITS ARE RETURNED TO CUSTOMERS WHEN THEY LEAVE THE SYSTEM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077241209
IRS990ScheduleD/TotalBookValueOtherAssetsAmt045341982
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt02400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0444
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAMON BOUTWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171560
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO OPERATE AND MAINTAIN A SYSTEM FOR THE SUPPLY AND DISTRIBUTION OF WATER, SEWER, AND REUSE WITHIN ITS FRANCHISE AREA GRANTED BY SANTA ROSA COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL WATER CUSTOMERS ARE MEMBERS OF THE SYSTEM. WHEN A CUSTOMER JOINS THE SYSTEM, THEY PAY A 2.50 MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOOKS ARE AUDITED BY AN INDEPENDENT CPA AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, A PERIODIC REVIEW IS DONE BY THE BOARD OF DIRECTORS AND LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS REVIEW AND APPROVE GENERAL MANAGER'S CONTRACT INCLUDING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS OF THE PACE WATER SYSTEM, INC. AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 337,217 0 0 VEHICLE EXPENSE 257,687 0 0 ENGINEERING 178,348 0 0 BANK CHARGES 173,442 0 0 BILLING SERVICES 173,201 0 0 OTHER CONTRACTUAL SERVICE 172,987 0 0 DISPOSAL 152,380 0 0 TELEPHONE 151,122 0 0 EDUCATION AND TRAINING 115,452 0 0 TESTING AND FEES 112,275 0 0 BAD DEBTS 95,218 0 0 TAXES AND LICENSES 67,579 0 0 SPECIAL EVENTS 52,551 0 0 MISC. EXPENSE 7,408 0 0 TOTAL 2,046,867 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INCREASE IN MEMBERSHIP CERTIFICATES 1,260 TAP FEES 6,060,421 DEVELOPER CONTRIBUTIONS 5,344,448 AMORTIZATION OF CIAC -3,916,818 TOTAL 7,489,311
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PACE PROPERTY FINANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0AUTHORITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521695310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TAX-EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04401 WOODBINE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MILTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032571
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02601848
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INCREASE IN ADVANCE PPFA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PACE PROPERTY FINANCE AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
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IRS990/SchoolOperatingInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt011435344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05966411
IRS990/TotalLiabilitiesEOYAmt05424323
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0125844716
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140034839
IRS990/TotalOtherCompensationAmt04800
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt013595
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0131811127
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0145459162

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