Civic Intelligence

Pace Water System Inc

990 • Fiscal year 2021 • EIN 59-1098296

Jan 01, 2021 to Dec 31, 2021 • Filed on May 04, 2022

Organization ProfileWWW.PACEWATER.ORG
4401 Woodbine RoadPace, 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.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

1st percentile

0.23x

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

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Net Margin

95th percentile

18%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

3rd percentile

$139,295

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Asset Growth

79th percentile

8.5%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

3.5%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$100,740,740

Up $7,932,716 (+8.5%) from 2020

Net Assets

Up

$97,867,946

Up $7,269,435 (+8.0%) from 2020

Liabilities

Up

$2,872,794

Up $663,281 (+30%) from 2020

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin95th percentile

Revenue

Up

$12,498,088

Up $421,823 (+3.5%) from 2020

Expenses

Up

$10,206,622

Up $1,092,014 (+12%) from 2020

Net Income

Down

$2,291,466

Down $670,191 (-23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2021

Assets$100,740,740
Liabilities$2,872,794
Net Assets$97,867,946
Open 2021 Filing

Operations Trend

Revenue Growth42nd 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

2021

Revenue$12,498,088
Expenses$10,206,622
Net Income$2,291,466
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 4, 2022
Return Version
2021v4.0
Gross Receipts
$12,498,088
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$52,741,789$53,302,144▲ $560,355
Rtn Earn Endowment Incm Other Fnds$45,873,921$51,165,551▲ $5,291,630
Pd in Cap Srpls Land Bldg Eqp Fund$44,682,532$46,659,600▲ $1,977,068
Savings and Temporary Cash Investments$10,039,904$11,185,557▲ $1,145,653
Accounts Receivable$1,402,299$1,375,506▼ $26,793
Inventories for Sale or Use$794,657$1,010,992▲ $216,335
Cash and Non-Interest-Bearing Accounts$628,189$691,828▲ $63,639
Other Notes and Loans Receivable, Net$181,320$149,624▼ $31,696
Prepaid Expenses and Deferred Charges$80,410$100,370▲ $19,960
Cap Stk Tr Prin Current Funds$42,058$42,795▲ $737
Total Assets$92,808,024$100,740,740▲ $7,932,716
Other Assets Total$26,939,456$32,924,719▲ $5,985,263
Liabilities
Escrow Account Liability$1,799,137$1,874,331▲ $75,194
Accounts Payable and Accrued Expenses$410,376$998,463▲ $588,087
Total Liabilities$2,209,513$2,872,794▲ $663,281
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,598,511$97,867,946▲ $7,269,435
Total Liabilities and Net Assets / Fund Balance$92,808,024$100,740,740▲ $7,932,716

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$50,311,668$29,645,758$79,957,426
Land$1,912,005-$1,912,005
Buildings$1,078,471-$1,078,471
Other Assets Org$285--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon BoutwellGeneral ManaFT$139,295$139,295
Doug DangeloControllerFT$83,841$83,841

Board Members and Trustees

NameTitle
Paul HinsonPresident
Charles ElliottDirector
Trevor HadderDirector
Steve LukowSecretary
Danny WarrickTreasurer
Crawford OdomVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
J&p ConstructionConstructionPO DRAWER 3147, SUITE 700, Tuscaloosa, AL 35403$4,223,117
Talcon GroupConstruction156 DUPONT RD, Havana, FL 32333$4,047,602
Utility Service CoMaintenance4326 GULF BREEZE PKWY, Gulf Breeze, FL 32563$1,443,046
American Tank MaintenanceMaintenancePO BOX 130, Warthen, GA 31094$291,217
Mott McdonaldEngineer220 WEST GARDEN STREET, Pensacola, FL 32502$266,716
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,480,311
Investment Income
$17,777
Other Revenue
$0
Change in Net Assets
$2,291,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,187,843
Salaries, Compensation, and Employee Benefits$3,018,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,669,807$75,778-$2,745,585
Other Salaries and Wages$1,877,339$712,095-$2,589,434
All Other Expenses$627,007$585,312-$1,212,319
Insurance$642,785$243,815-$886,600
Other Expenses$197,576$74,942-$272,518
Current Officers, Directors, Trustees, and Key Employees$161,774$61,362-$223,136
Other Employee Benefits$149,502$56,707-$206,209
Office Expenses-$44,946-$44,946
Travel$20,628$7,824-$28,452
Fees for Services Legal-$27,595-$27,595
Fees for Services Accounting-$23,089-$23,089
Advertising-$19,724-$19,724
Interest$963--$963
Total Functional Expenses$8,227,918$1,978,704$0$10,206,622
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
Audit committee
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
2022-05-04
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
54

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, Part IX, Line 24E

“Supplies 185,545 5,266 0 billing services 0 161,379 0 bank charges 0 151,435 0 vehicle expense 125,637 3,566 0 other contractual service 79,411 40,000 0 disposal 106,271 0 0 telephone 0 97,946 0 testing and fees 59,613 0 0 bad debts 0 57,741 0 taxes and licenses 29,385 11,146 0 special events 0 29,829 0 engineering 27,221 0 0 education and training 0 25,917 0 sewer hauling 13,924 0 0 misc. Expense 0 1,087 0 total 627,007 585,312 0”

Form 990, Part XI, Line 9

“Increase in membership certificates 737 tap fees 3,209,180 developer contributions 1,768,052 total 4,977,969”

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 459 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/BOYAmt0410376
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0998463
IRS990/AccountsReceivableGrp/BOYAmt01402299
IRS990/AccountsReceivableGrp/EOYAmt01375506
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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/AdvertisingGrp/ManagementAndGeneralAmt019724
IRS990/AdvertisingGrp/TotalAmt019724
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0585312
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0627007
IRS990/AllOtherExpensesGrp/TotalAmt01212319
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0DOUG DANGELO
IRS990/BooksInCareOfDetail/PhoneNum08509945129
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04401 WOODBINE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PACE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032571
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt042058
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt042795
IRS990/CashNonInterestBearingGrp/BOYAmt0628189
IRS990/CashNonInterestBearingGrp/EOYAmt0691828
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt061362
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0161774
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0223136
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt04223117
IRS990/ContractorCompensationGrp/CompensationAmt14047602
IRS990/ContractorCompensationGrp/CompensationAmt21443046
IRS990/ContractorCompensationGrp/CompensationAmt3291217
IRS990/ContractorCompensationGrp/CompensationAmt4266716
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO DRAWER 3147
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1156 DUPONT RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt24326 GULF BREEZE PKWY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 130
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4220 WEST GARDEN STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt0SUITE 700
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0TUSCALOOSA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HAVANA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2GULF BREEZE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3WARTHEN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4PENSACOLA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0AL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd035403
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd132333
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd232563
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd331094
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd432502
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0J&P CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1TALCON GROUP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2UTILITY SERVICE CO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3AMERICAN TANK MAINTENANCE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4MOTT MCDONALD
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc2MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc3MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc4ENGINEER
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt017777
IRS990/CYOtherExpensesAmt07187843
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt012480311
IRS990/CYRevenuesLessExpensesAmt02291466
IRS990/CYSalariesCompEmpBnftPaidAmt03018779
IRS990/CYTotalExpensesAmt010206622
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012498088
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt075778
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02669807
IRS990/DepreciationDepletionGrp/TotalAmt02745585
IRS990/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/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt054
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt01799137
IRS990/EscrowAccountLiabilityGrp/EOYAmt01874331
IRS990/ExpenseAmt08227918
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023089
IRS990/FeesForServicesAccountingGrp/TotalAmt023089
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt027595
IRS990/FeesForServicesLegalGrp/TotalAmt027595
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DAMON BOUTWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1DOUG DANGELO
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3TREVOR HADDER
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL HINSON
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE LUKOW
IRS990/Form990PartVIISectionAGrp/PersonNm6CRAWFORD ODOM
IRS990/Form990PartVIISectionAGrp/PersonNm7DANNY WARRICK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0139295
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt183841
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012498088
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0243815
IRS990/InsuranceGrp/ProgramServicesAmt0642785
IRS990/InsuranceGrp/TotalAmt0886600
IRS990/InterestGrp/ProgramServicesAmt0963
IRS990/InterestGrp/TotalAmt0963
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0794657
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01010992
IRS990/InvestmentIncomeGrp/ExclusionAmt017777
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017777
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029645758
IRS990/LandBldgEquipBasisNetGrp/BOYAmt052741789
IRS990/LandBldgEquipBasisNetGrp/EOYAmt053302144
IRS990/LandBldgEquipCostOrOtherBssAmt082947902
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt012371060
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
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
IRS990/NetAssetsOrFundBalancesBOYAmt090598511
IRS990/NetAssetsOrFundBalancesEOYAmt097867946
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt044946
IRS990/OfficeExpensesGrp/TotalAmt044946
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt026939456
IRS990/OtherAssetsTotalGrp/EOYAmt032924719
IRS990/OtherChangesInNetAssetsAmt04977969
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056707
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0149502
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0206209
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2CHEMICALS
IRS990/OtherExpensesGrp/Desc3COMPUTER SUPPORT AND MAIN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025344
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt274942
IRS990/OtherExpensesGrp/ProgramServicesAmt0892915
IRS990/OtherExpensesGrp/ProgramServicesAmt1710654
IRS990/OtherExpensesGrp/ProgramServicesAmt2276968
IRS990/OtherExpensesGrp/ProgramServicesAmt3197576
IRS990/OtherExpensesGrp/TotalAmt0918259
IRS990/OtherExpensesGrp/TotalAmt1730825
IRS990/OtherExpensesGrp/TotalAmt2276968
IRS990/OtherExpensesGrp/TotalAmt3272518
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0712095
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01877339
IRS990/OtherSalariesAndWagesGrp/TotalAmt02589434
IRS990/OtherSourcesGrossIncomeAmt0127028
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0181320
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0149624
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt044682532
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt046659600
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080410
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100370
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/Desc4OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06716052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15246479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2179087
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3163245
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4109251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06716052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15246479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2179087
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3163245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4109251
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0635000
IRS990/PYInvestmentIncomeAmt094393
IRS990/PYOtherExpensesAmt06342573
IRS990/PYProgramServiceRevenueAmt011346872
IRS990/PYRevenuesLessExpensesAmt02961657
IRS990/PYSalariesCompEmpBnftPaidAmt02772035
IRS990/PYTotalExpensesAmt09114608
IRS990/PYTotalRevenueAmt012076265
IRS990/ReconcilationRevenueExpnssAmt02291466
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012480311
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt045873921
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt051165551
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010039904
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011185557
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01078471
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01078471
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01912005
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01912005
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030934397
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11990037
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2285
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE TO PPFA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050311668
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029645758
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt079957426
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/TotalBookValueLandBuildingsAmt053302144
IRS990ScheduleD/TotalBookValueOtherAssetsAmt032924719
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL WATER CUSTOMERS ARE MEMBERS OF THE SYSTEM. WHEN A CUSTOMER JOINS THE SYSTEM, THEY PAY A 2.50 MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, A PERIODIC REVIEW IS DONE BY THE BOARD OF DIRECTORS AND LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS REVIEW AND APPROVE GENERAL MANAGER'S CONTRACT INCLUDING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6SUPPLIES 185,545 5,266 0 BILLING SERVICES 0 161,379 0 BANK CHARGES 0 151,435 0 VEHICLE EXPENSE 125,637 3,566 0 OTHER CONTRACTUAL SERVICE 79,411 40,000 0 DISPOSAL 106,271 0 0 TELEPHONE 0 97,946 0 TESTING AND FEES 59,613 0 0 BAD DEBTS 0 57,741 0 TAXES AND LICENSES 29,385 11,146 0 SPECIAL EVENTS 0 29,829 0 ENGINEERING 27,221 0 0 EDUCATION AND TRAINING 0 25,917 0 SEWER HAULING 13,924 0 0 MISC. EXPENSE 0 1,087 0 TOTAL 627,007 585,312 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE IN MEMBERSHIP CERTIFICATES 737 TAP FEES 3,209,180 DEVELOPER CONTRIBUTIONS 1,768,052 TOTAL 4,977,969
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 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
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05200318
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INCREASE IN ADVANCE PPFA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PACE PROPERTY FINANCE AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt092808024
IRS990/TotalAssetsEOYAmt0100740740
IRS990/TotalAssetsGrp/BOYAmt092808024
IRS990/TotalAssetsGrp/EOYAmt0100740740
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01978704
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08227918
IRS990/TotalFunctionalExpensesGrp/TotalAmt010206622
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02209513

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,740,740
Liabilities
$2,872,794
Net assets
$97,867,946
Revenue
$12,498,088
Expenses
$10,206,622
Net income
$2,291,466
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