Civic Intelligence

Pace Water System Inc

990 • Fiscal year 2013 • EIN 59-1098296

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

Organization ProfileN/A
PO Box 240732571

(850) 994-5129

Siviq Scores

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

Liabilities / Assets

1st percentile

0.03x

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

4th percentile

0.36x

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Net Margin

98th percentile

31%

Higher net margin than 98% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

4th percentile

$97,354

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Asset Growth

28th percentile

3.8%

Faster asset growth than 28% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

58th percentile

5.5%

Faster revenue growth than 58% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$51,296,842

Up $1,892,669 (+3.8%) from 2012

Net Assets

Up

$49,614,070

Up $1,508,906 (+3.1%) from 2012

Liabilities

Up

$1,682,772

Up $383,763 (+30%) from 2012

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin98th percentile

Revenue

$4,732,495

No earlier filing loaded for comparison.

Expenses

Up

$3,274,462

Up $165,620 (+5.3%) from 2012

Net Income

$1,458,033

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$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

2013

Assets$51,296,842
Liabilities$1,682,772
Net Assets$49,614,070
Open 2013 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$4,732,495
Expenses$3,274,462
Net Income$1,458,033
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$5,338,971
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,024,282$31,401,080▲ $2,376,798
Pd in Cap Srpls Land Bldg Eqp Fund$26,090,867$26,140,904▲ $50,037
Rtn Earn Endowment Incm Other Fnds$21,980,992$23,439,026▲ $1,458,034
Cash and Non-Interest-Bearing Accounts$2,037,423$2,097,188▲ $59,765
Investments in Publicly Traded Securities$1,322,616$1,356,262▲ $33,646
Savings and Temporary Cash Investments$1,603,762$1,320,075▼ $283,687
Accounts Receivable$919,730$933,910▲ $14,180
Inventories for Sale or Use$388,347$603,040▲ $214,693
Prepaid Expenses and Deferred Charges$74,919$73,058▼ $1,861
Cap Stk Tr Prin Current Funds$33,305$34,140▲ $835
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$49,404,173$51,296,842▲ $1,892,669
Other Assets Total$14,033,094$13,512,229▼ $520,865
Liabilities
Escrow Account Liability$885,096$983,801▲ $98,705
Accounts Payable and Accrued Expenses$413,911$698,969▲ $285,058
Other Liabilities$2$2→ $0
Total Liabilities$1,299,009$1,682,772▲ $383,763
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,105,164$49,614,070▲ $1,508,906
Total Liabilities and Net Assets / Fund Balance$49,404,173$51,296,842▲ $1,892,669

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,176,329$8,825,609$38,001,938
Equipment$752,959$943,889$1,696,848
Land$1,193,537-$1,193,537
Buildings$229,173$26,631$255,804
Leasehold Improvements$49,082$93,976$143,058
Other Assets Org$3,977--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon BoutwellGeneral ManagerFT$97,354$97,354

Board Members and Trustees

NameTitle
Paul HinsonPresident
William CarneyVice President
Danny F WarrickDirector
Rodney VaughnDirector
Sue DyessSecretary
Charles ElliottTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Caldwell Tanks INCTank # 11-$1,386,654
Griner Drilling INCWell Drilling-$161,208
Polyengineering INCEngineering Services-$131,860
Smk Pipe Contractors INCWater/sewer Service-$122,014
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,681,000
Investment Income
$51,495
Other Revenue
$0
Change in Net Assets
$1,458,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,645,820
Salaries, Compensation, and Employee Benefits$1,628,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$794,894$141,878-$936,772
Depreciation Depletion$584,841$32,678-$617,519
Other Employee Benefits$382,018--$382,018
All Other Expenses$245,639$23,826-$269,465
Payroll Taxes$129,384--$129,384
Insurance$122,829--$122,829
Fees for Services Other$84,556$34,093-$118,649
Current Officers, Directors, Trustees, and Key Employees---$97,354
Pension Plan Contributions$83,114--$83,114
Other Expenses$61,769--$61,769
Travel-$16,837-$16,837
Information Technology$15,507--$15,507
Fees for Services Accounting-$14,100-$14,100
Office Expenses-$11,993-$11,993
Fees for Services Legal-$10,725-$10,725
Advertising-$7,324-$7,324
Total Functional Expenses$2,883,654$293,454$0$3,274,462
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

“The books are audited by an independent certified public accountant and reviewed by the board of directors prior to the return being filed with the internal revenue service.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

EIN
59-1098296
Phone
8509945129

Signing Officer

Name
Damon Boutwell
Title
General Manager
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
43

Preparer

Preparer
Donn G Scott CPA
Phone
8504387582
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Amortization of contributions in aid of construction = -$439151”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Membership certificates = $836”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Tap fees booked as contributed capital = $491838”

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Customer deposits held in custodial account until account is closed.”

Raw XML AppendixShowing 400 of 518 raw XML fields

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IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt015507
IRS990/InformationTechnologyGrp/TotalAmt015507
IRS990/InsuranceGrp/ProgramServicesAmt0122829
IRS990/InsuranceGrp/TotalAmt0122829
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0388347
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0603040
IRS990/InvestmentIncomeGrp/ExclusionAmt010519
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010519
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01322616
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01356262
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09890105
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029024282
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031401080
IRS990/LandBldgEquipCostOrOtherBssAmt041291185
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0606476
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt04642176
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE AND MAINTAIN A WATER SYSTEM FOR THE SUPPLY AND DISTRIBUTION OF WATER WITHIN ITS FRANCHISE AREA GRANTED BY SANTA ROSA COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt048105164
IRS990/NetAssetsOrFundBalancesEOYAmt049614070
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-470
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt041446
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt040976
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2650
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011993
IRS990/OfficeExpensesGrp/TotalAmt011993
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt014033094
IRS990/OtherAssetsTotalGrp/EOYAmt013512229
IRS990/OtherChangesInNetAssetsAmt053523
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0382018
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0382018
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2VEHICLE EXPENSE
IRS990/OtherExpensesGrp/Desc3FIRE HYDRANT MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0223774
IRS990/OtherExpensesGrp/ProgramServicesAmt181607
IRS990/OtherExpensesGrp/ProgramServicesAmt273722
IRS990/OtherExpensesGrp/ProgramServicesAmt361769
IRS990/OtherExpensesGrp/TotalAmt0223774
IRS990/OtherExpensesGrp/TotalAmt181607
IRS990/OtherExpensesGrp/TotalAmt273722
IRS990/OtherExpensesGrp/TotalAmt361769
IRS990/OtherLiabilitiesGrp/BOYAmt02
IRS990/OtherLiabilitiesGrp/EOYAmt02
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0141878
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0794894
IRS990/OtherSalariesAndWagesGrp/TotalAmt0936772
IRS990/OtherSourcesGrossIncomeAmt090318
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0129384
IRS990/PayrollTaxesGrp/TotalAmt0129384
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt026090867
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt026140904
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083114
IRS990/PensionPlanContributionsGrp/TotalAmt083114
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt073058
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0COST SHARING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FIRE HYDRANT MAINTENANCE
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES
IRS990/ProgramServiceRevenueGrp/Desc3SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc4WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0129882
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1160961
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2116830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3103983
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44081419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0129882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1160961
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2116830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3103983
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44081419
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt035373
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01502656
IRS990/PYOtherRevenueAmt022632
IRS990/PYProgramServiceRevenueAmt04060448
IRS990/PYRevenuesLessExpensesAmt01009611
IRS990/PYSalariesCompEmpBnftPaidAmt01606186
IRS990/PYTotalExpensesAmt03108842
IRS990/PYTotalRevenueAmt04118453
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01458033
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04722446
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021980992
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023439026
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01603762
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01320075
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0229173
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026631
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0255804
IRS990ScheduleD/EquipmentGrp/BookValueAmt0752959
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0943889
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01696848
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01193537
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01193537
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt049082
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt093976
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0143058
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013500971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17281
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23977
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE TO PPFA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029176329
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08825609
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038001938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CUSTOMER DEPOSITS HELD IN CUSTODIAL ACCOUNT UNTIL ACCOUNT IS CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031401080
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013512229
IRS990ScheduleD/TotalLiabilityAmt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOOKS ARE AUDITED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, A PERIODIC REVIEW IS DONE BY THE BOARD OF DIRECTORS AND LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS APPROVE AND REVIEW GENERAL MANAGER'S CONTRACT INCLUDING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND THE FINANCIAL STATEMENTS OF PACE WATER SYSTEM, INC IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION = -$439151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP CERTIFICATES = $836
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TAP FEES BOOKED AS CONTRIBUTED CAPITAL = $491838
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,296,842
Liabilities
$1,682,772
Net assets
$49,614,070
Revenue
$4,732,495
Expenses
$3,274,462
Net income
$1,458,033
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