Civic Intelligence

Pace Water System Inc

990 • Fiscal year 2014 • EIN 59-1098296

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization ProfileN/A
PO Box 2407Pace, FL 32571

(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.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.28x

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

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Net Margin

95th percentile

27%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

5th percentile

$94,682

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Asset Growth

29th percentile

1.9%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

3.2%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$52,284,144

Up $987,302 (+1.9%) from 2013

Net Assets

Up

$50,928,739

Up $1,314,669 (+2.6%) from 2013

Liabilities

Down

$1,355,405

Down $327,367 (-19%) from 2013

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin95th percentile

Revenue

Up

$4,883,362

Up $150,867 (+3.2%) from 2013

Expenses

Up

$3,580,377

Up $305,915 (+9.3%) from 2013

Net Income

Down

$1,302,985

Down $155,048 (-11%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2014

Assets$52,284,144
Liabilities$1,355,405
Net Assets$50,928,739
Open 2014 Filing

Operations Trend

Revenue Growth40th 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

2014

Revenue$4,883,362
Expenses$3,580,377
Net Income$1,302,985
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$5,152,062
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$31,401,080$32,174,375▲ $773,295
Pd in Cap Srpls Land Bldg Eqp Fund$26,140,904$26,152,156▲ $11,252
Rtn Earn Endowment Incm Other Fnds$23,439,026$24,742,010▲ $1,302,984
Cash and Non-Interest-Bearing Accounts$2,097,188$1,950,036▼ $147,152
Savings and Temporary Cash Investments$1,320,075$1,386,714▲ $66,639
Investments in Publicly Traded Securities$1,356,262$1,006,324▼ $349,938
Accounts Receivable$933,910$996,899▲ $62,989
Inventories for Sale or Use$603,040$459,640▼ $143,400
Prepaid Expenses and Deferred Charges$73,058$80,177▲ $7,119
Cap Stk Tr Prin Current Funds$34,140$34,573▲ $433
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$51,296,842$52,284,144▲ $987,302
Other Assets Total$13,512,229$14,229,979▲ $717,750
Liabilities
Escrow Account Liability$983,801$1,084,509▲ $100,708
Accounts Payable and Accrued Expenses$698,969$270,896▼ $428,073
Other Liabilities$2--
Total Liabilities$1,682,772$1,355,405▼ $327,367
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,614,070$50,928,739▲ $1,314,669
Total Liabilities and Net Assets / Fund Balance$51,296,842$52,284,144▲ $987,302

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,003,116$9,713,863$39,716,979
Equipment$716,706$975,987$1,692,693
Land$1,193,537-$1,193,537
Buildings$218,055$37,749$255,804
Leasehold Improvements$42,961$100,097$143,058
Other Assets Org$3,977--
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon BoutwellGeneral ManagerFT$94,682$94,682

Board Members and Trustees

NameTitle
Paul HinsonPresident
William CarneyVice President
Charles ElliottDirector
Danny F WarrickDirector
Sue DyessSecretary
Rodney VaughnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Caldwell Tanks INCEngineering ServicesPO BOX 35770, Louisville, KY 40232$797,898
B&w Utilities INCSewer/reclaim ExtensPO BOX 1187, Cantonment, FL 32533$570,478
Utility Service Co INCMaster Liftstation4326 GULF BREEZE PARKWAY, Gulf Breeze, FL 32563$299,695
Polyengineering INCEngineering ServicesPO BOX 841, Shalimar, FL 32579$290,054
Brown Construction Of Northwest Fl INCInterceptor10200 COVE AVENUE, Pensacola, FL 32534$202,110
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,871,679
Investment Income
$11,683
Other Revenue
$0
Change in Net Assets
$1,302,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,822,659
Salaries, Compensation, and Employee Benefits$1,757,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$908,072$146,745-$1,054,817
Depreciation Depletion$703,363$47,258-$750,621
Other Employee Benefits$386,035--$386,035
All Other Expenses$244,294$25,796-$270,090
Payroll Taxes$133,276--$133,276
Fees for Services Other$95,845$36,190-$132,035
Insurance$118,532--$118,532
Current Officers, Directors, Trustees, and Key Employees---$94,682
Pension Plan Contributions$88,908--$88,908
Other Expenses$71,062--$71,062
Information Technology$19,220--$19,220
Travel-$16,782-$16,782
Office Expenses-$13,377-$13,377
Fees for Services Legal-$12,267-$12,267
Fees for Services Accounting-$10,675-$10,675
Advertising-$9,102-$9,102
Total Functional Expenses$3,167,503$318,192$0$3,580,377
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-
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

Filer Name
Pace Water System Inc
EIN
59-1098296
Phone
8509945129
Address
PO BOX 2407, PACE, FL 32571

Signing Officer

Name
Damon Boutwell
Title
General Manager
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Scott & Associates PA
Address
801 West Garden Street, Pensacola, FL 32502-4618
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 = -$439900”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Membership certificates = $433”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Tap fees booked as contributed capital = $451151”

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 506 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/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-2330
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0266370
IRS990/GrossReceiptsAmt05152062
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt019220
IRS990/InformationTechnologyGrp/TotalAmt019220
IRS990/InsuranceGrp/ProgramServicesAmt0118532
IRS990/InsuranceGrp/TotalAmt0118532
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0603040
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0459640
IRS990/InvestmentIncomeGrp/ExclusionAmt014013
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014013
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01356262
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01006324
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010827696
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031401080
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032174375
IRS990/LandBldgEquipCostOrOtherBssAmt043002071
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0268700
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt04862599
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/NetAssetsOrFundBalancesBOYAmt049614070
IRS990/NetAssetsOrFundBalancesEOYAmt050928739
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-2330
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2330
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013377
IRS990/OfficeExpensesGrp/TotalAmt013377
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt013512229
IRS990/OtherAssetsTotalGrp/EOYAmt014229979
IRS990/OtherChangesInNetAssetsAmt011684
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0386035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0386035
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1FIRE HYDRANT MAINTENANCE
IRS990/OtherExpensesGrp/Desc2VEHICLE EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0245738
IRS990/OtherExpensesGrp/ProgramServicesAmt182085
IRS990/OtherExpensesGrp/ProgramServicesAmt271073
IRS990/OtherExpensesGrp/ProgramServicesAmt371062
IRS990/OtherExpensesGrp/TotalAmt0245738
IRS990/OtherExpensesGrp/TotalAmt182085
IRS990/OtherExpensesGrp/TotalAmt271073
IRS990/OtherExpensesGrp/TotalAmt371062
IRS990/OtherLiabilitiesGrp/BOYAmt02
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0146745
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0908072
IRS990/OtherSalariesAndWagesGrp/TotalAmt01054817
IRS990/OtherSourcesGrossIncomeAmt020763
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0133276
IRS990/PayrollTaxesGrp/TotalAmt0133276
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt026140904
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt026152156
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt088908
IRS990/PensionPlanContributionsGrp/TotalAmt088908
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt073058
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080177
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0FIRE HYDRANT MAINTENANCE
IRS990/ProgramServiceRevenueGrp/Desc1LATE FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc4WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0164171
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1108190
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220875
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3125032
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44453411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0164171
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1108190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3125032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44453411
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt051495
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01645820
IRS990/PYProgramServiceRevenueAmt04681000
IRS990/PYRevenuesLessExpensesAmt01458033
IRS990/PYSalariesCompEmpBnftPaidAmt01628642
IRS990/PYTotalExpensesAmt03274462
IRS990/PYTotalRevenueAmt04732495
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01302985
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04883362
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023439026
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt024742010
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01320075
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01386714
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0218055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0255804
IRS990ScheduleD/EquipmentGrp/BookValueAmt0716706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0975987
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01692693
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01193537
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01193537
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt042961
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100097
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0143058
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014219332
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23977
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE TO PPFA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030003116
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09713863
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039716979
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CUSTOMER DEPOSITS HELD IN CUSTODIAL ACCOUNT UNTIL ACCOUNT IS CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032174375
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014229979
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 = -$439900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP CERTIFICATES = $433
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TAP FEES BOOKED AS CONTRIBUTED CAPITAL = $451151
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Increases

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,284,144
Liabilities
$1,355,405
Net assets
$50,928,739
Revenue
$4,883,362
Expenses
$3,580,377
Net income
$1,302,985
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