Civic Intelligence

Pace Water System Inc

990 • Fiscal year 2022 • EIN 59-1098296

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 10, 2023

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

2nd percentile

0.03x

Higher debt load relative to assets than 2% of similar nonprofits.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

3rd percentile

0.22x

Higher debt load relative to revenue than 3% of similar nonprofits.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2022

Net Margin

99th percentile

44%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

3rd percentile

$147,893

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2022

Asset Growth

83rd percentile

13%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

15%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$113,717,258

Up $12,976,518 (+13%) from 2021

Net Assets

Up

$110,547,949

Up $12,680,003 (+13%) from 2021

Liabilities

Up

$3,169,309

Up $296,515 (+10%) from 2021

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin99th percentile

Revenue

Up

$14,421,848

Up $1,923,760 (+15%) from 2021

Expenses

Down

$8,012,578

Down $2,194,044 (-21%) from 2021

Net Income

Up

$6,409,270

Up $4,117,804 (+180%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2022

Assets$113,717,258
Liabilities$3,169,309
Net Assets$110,547,949
Open 2022 Filing

Operations Trend

Revenue Growth76th 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

2022

Revenue$14,421,848
Expenses$8,012,578
Net Income$6,409,270
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$14,421,848
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$53,302,144$57,633,379▲ $4,331,235
Rtn Earn Endowment Incm Other Fnds$51,165,551$57,574,822▲ $6,409,271
Pd in Cap Srpls Land Bldg Eqp Fund$46,659,600$52,929,084▲ $6,269,484
Cash and Non-Interest-Bearing Accounts$691,828$13,007,894▲ $12,316,066
Savings and Temporary Cash Investments$11,185,557$11,356,320▲ $170,763
Accounts Receivable$1,375,506$1,574,950▲ $199,444
Inventories for Sale or Use$1,010,992$898,657▼ $112,335
Prepaid Expenses and Deferred Charges$100,370$144,893▲ $44,523
Other Notes and Loans Receivable, Net$149,624$143,551▼ $6,073
Cap Stk Tr Prin Current Funds$42,795$44,043▲ $1,248
Total Assets$100,740,740$113,717,258▲ $12,976,518
Other Assets Total$32,924,719$28,957,614▼ $3,967,105
Liabilities
Escrow Account Liability$1,874,331$2,009,338▲ $135,007
Accounts Payable and Accrued Expenses$998,463$1,159,971▲ $161,508
Total Liabilities$2,872,794$3,169,309▲ $296,515
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,867,946$110,547,949▲ $12,680,003
Total Liabilities and Net Assets / Fund Balance$100,740,740$113,717,258▲ $12,976,518

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54,642,903$31,728,572$86,371,475
Land$1,912,005-$1,912,005
Buildings$1,078,471-$1,078,471
Other Assets Org$3,895--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon BoutwellGeneral ManaFT$147,893$147,893
Doug DangeloControllerFT$90,358$90,358

Board Members and Trustees

NameTitle
Paul HinsonPresident
Charles ElliottDirector
Crawford OdomDirector
Trevor HadderSecretary
Danny WarrickTreasurer
Bill CarneyVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
J&p ConstructionConstructionPO DRAWER 3147, Tuscaloosa, AL 35403$2,513,164
Talcon GroupConstruction156 DUPONT RD, Havana, FL 32333$1,103,160
Utility Service CoMaintenance4326 GULF BREEZE PKWY, Gulf Breeze, FL 32563$924,112
PolyengineeringEngineeringPO BOX 837, Dothan, AL 36302$464,222
Dantin Bruce DevelopmentConstruction4469 BLUEBONNET BLVD, Baton Rouge, LA 70809$431,149
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,350,037
Investment Income
$71,811
Other Revenue
$0
Change in Net Assets
$6,409,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,813,725
Salaries, Compensation, and Employee Benefits$3,198,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,734,499
All Other Expenses---$1,555,047
Insurance---$918,728
Other Expenses---$308,270
Current Officers, Directors, Trustees, and Key Employees---$238,251
Other Employee Benefits---$226,103
Fees for Services Legal---$53,999
Travel---$43,821
Fees for Services Accounting---$36,893
Office Expenses---$32,633
Advertising---$16,786
Depreciation Depletion---$-337,068
Total Functional Expenses$0$0$0$8,012,578
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
2023-07-10
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
53

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

“Disposal 212,652 0 0 supplies 204,841 5,814 0 vehicle expense 195,872 5,559 0 billing services 0 177,229 0 engineering 155,181 0 0 bank charges 0 148,677 0 telephone 0 116,269 0 other contractual service 54,415 42,371 0 testing and fees 68,999 0 0 bad debts 0 55,926 0 special events 0 41,246 0 taxes and licenses 29,292 11,111 0 education and training 0 24,598 0 misc. Expense 0 4,620 0 sewer hauling 375 0 0 total 921,627 633,420 0”

Form 990, Part XI, Line 9

“Increase in membership certificates 1,248 tap fees 5,440,385 developer contributions 4,093,913 amortization of ciac -3,264,813 total 6,270,733”

Form 990, Page 12, Part XII, Line 3B

“State single audit performed”

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 432 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/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/NetAssetsOrFundBalancesBOYAmt097867946
IRS990/NetAssetsOrFundBalancesEOYAmt0110547949
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt029500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029500
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt032633
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032924719
IRS990/OtherAssetsTotalGrp/EOYAmt028957614
IRS990/OtherChangesInNetAssetsAmt06270733
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0226103
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2CHEMICALS
IRS990/OtherExpensesGrp/Desc3COMPUTER SUPPORT AND MAIN
IRS990/OtherExpensesGrp/TotalAmt0932343
IRS990/OtherExpensesGrp/TotalAmt1890813
IRS990/OtherExpensesGrp/TotalAmt2361460
IRS990/OtherExpensesGrp/TotalAmt3308270
IRS990/OtherSalariesAndWagesGrp/TotalAmt02734499
IRS990/OtherSourcesGrossIncomeAmt0101120
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0149624
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0143551
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt046659600
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt052929084
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100370
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0144893
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/RelatedOrExemptFuncIncomeAmt07679691
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16191563
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2225132
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3148533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt469639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07679691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16191563
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2225132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3148533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt469639
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt017777
IRS990/PYOtherExpensesAmt07187843
IRS990/PYProgramServiceRevenueAmt012480311
IRS990/PYRevenuesLessExpensesAmt02291466
IRS990/PYSalariesCompEmpBnftPaidAmt03018779
IRS990/PYTotalExpensesAmt010206622
IRS990/PYTotalRevenueAmt012498088
IRS990/ReconcilationRevenueExpnssAmt06409270
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt051165551
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt057574822
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011185557
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011356320
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01078471
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01078471
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01912005
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01912005
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023337550
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15616169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23895
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE TO PPFA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054642903
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031728572
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt086371475
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/TotalBookValueLandBuildingsAmt057633379
IRS990ScheduleD/TotalBookValueOtherAssetsAmt028957614
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/ExplanationTxt6DISPOSAL 212,652 0 0 SUPPLIES 204,841 5,814 0 VEHICLE EXPENSE 195,872 5,559 0 BILLING SERVICES 0 177,229 0 ENGINEERING 155,181 0 0 BANK CHARGES 0 148,677 0 TELEPHONE 0 116,269 0 OTHER CONTRACTUAL SERVICE 54,415 42,371 0 TESTING AND FEES 68,999 0 0 BAD DEBTS 0 55,926 0 SPECIAL EVENTS 0 41,246 0 TAXES AND LICENSES 29,292 11,111 0 EDUCATION AND TRAINING 0 24,598 0 MISC. EXPENSE 0 4,620 0 SEWER HAULING 375 0 0 TOTAL 921,627 633,420 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE IN MEMBERSHIP CERTIFICATES 1,248 TAP FEES 5,440,385 DEVELOPER CONTRIBUTIONS 4,093,913 AMORTIZATION OF CIAC -3,264,813 TOTAL 6,270,733
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8STATE SINGLE AUDIT PERFORMED
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, LINE 3B
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/InvolvedAmt07596847
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DECREASE 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/TotalAssetsBOYAmt0100740740
IRS990/TotalAssetsEOYAmt0113717258
IRS990/TotalAssetsGrp/BOYAmt0100740740
IRS990/TotalAssetsGrp/EOYAmt0113717258
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08012578
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02872794
IRS990/TotalLiabilitiesEOYAmt03169309
IRS990/TotalLiabilitiesGrp/BOYAmt02872794
IRS990/TotalLiabilitiesGrp/EOYAmt03169309
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097867946
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0110547949
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt035479
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt035479
IRS990/TotalProgramServiceRevenueAmt014350037
IRS990/TotalReportableCompFromOrgAmt0238251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014421848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014421848
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100740740
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0113717258
IRS990/TravelGrp/TotalAmt043821
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04401 WOODBINE RD
IRS990/USAddress/CityNm0PACE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032571
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PACEWATER.ORG

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,717,258
Liabilities
$3,169,309
Net assets
$110,547,949
Revenue
$14,421,848
Expenses
$8,012,578
Net income
$6,409,270
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