Dewees Utility Corporation

Not tax-deductible

Dewees Island, SCMutual-benefit / member-servingMutual/Membership EIN 57-0958778Revenue $805K in FY2024

On file with the IRSdeweesislandsc.com273 Old House Ln, 29451-9408 · Dewees Island, SCTax-exempt since Mar 2007

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To provide water and sewer services, including the repair and maintenance of Utility systems.

61¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $16K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$59K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$805K
-5% vs prior year
Spent
$956K
To programs
61%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$805K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$667K
FY2021$735K
FY2022$761K
FY2023$843K
FY2024$805K
Expenses
$956K
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$643K
FY2021$604K
FY2022$729K
FY2023$798K
FY2024$956K
Net assets
$1.5M
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $586K Management & general 39% · $370K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President/Treasurer
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
Secretary/Island Manager
$0Pt VII · Sec A

Catherine Weeks’s $37K as Island Mgr I is at the 79th percentile of top reported officer pay among 540 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
David Dew—$57,041
Catherine Weeks$37,294—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dewees Utility Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides and maintains water and sewer services for communities.

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1 program · in their own filed words · FY2023
01

Provision of water and sewer services and repairs and maintenance of utility systems and infrastructure.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$805K
Ln 12
Fees for servicesLn 2g$756K
Other incomeLn 4–11$45K
Investment incomeLn 3$5K
Money outPt IX
$956K
Ln 25
Programscol B$586K
Managementcol C$370K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$1.6M
LiabilitiesLn 26$59K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$756K
Investment incomeLn 3$5K
Other incomeLn 4–11$45K
Total revenueLn 12$805K
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$175K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$32K
Total assetsLn 16$1.6M
LiabilitiesLn 26$59K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$486K$175K
Land, buildings, equipmentLn 10c$1.1M$1.3M
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$56K$59K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$254K$163K$92K
Other employee benefitsLn 9$7K$4K$2K
Payroll taxesLn 10$21K$13K$8K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$55K$55K
Office expensesLn 13$3K$3K
Information technologyLn 14$15K$15K
OccupancyLn 16$29K$29K
Depreciation, depletion and amortizationLn 22$99K$99K
InsuranceLn 23$84K$84K
Other expenses (24a–d)Ln 24$278K$175K$103K
All other expensesLn 24e$109K$102K$8K
Total functional expensesLn 25$956K$586K$370K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $805K$956K−$151K$1.5M 990 PDF
FY2023 $843K$798K$45K$1.6M 990 PDF
FY2022 $761K$729K$32K$1.6M 990 PDF
FY2021 $735K$604K$131K$1.6M 990 PDF
FY2020 $667K$643K$24K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $805,312 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $813,740$755,500
I-10 Investment incomePrior year $9,084$5,092
I-11 Other revenuePrior year $20,541$44,720
I-12 Total revenuePrior year $843,365$805,312
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $292,843$281,773
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $505,051$674,585
I-18 Total expensesPrior year $797,894$956,358
I-19 Revenue less expensesPrior year $45,471−$151,046
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $805,312 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $755,500$755,500
VIII-3 Investment incomeExcluded from tax $5,092$5,092
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,737 · Unrelated business $4,983$44,720
VIII-12 Total revenueRelated to mission $795,237 · Unrelated business $4,983 · Excluded from tax $5,092$805,312
Part IX · Statement of functional expenses $956,358 across 12 lines filed
IX-7 Other salaries and wagesPrograms $162,778 · Management $91,563$254,341
IX-9 Other employee benefitsPrograms $4,163 · Management $2,342$6,505
IX-10 Payroll taxesPrograms $13,394 · Management $7,533$20,927
IX-11b Legal feesManagement $1,105$1,105
IX-11c Accounting feesManagement $54,750$54,750
IX-13 Office expensesManagement $2,656$2,656
IX-14 Information technologyManagement $15,115$15,115
IX-16 OccupancyPrograms $29,289$29,289
IX-22 Depreciation, depletion and amortizationPrograms $99,433$99,433
IX-23 InsuranceManagement $84,354$84,354
IX-24 Other expenses (24a–d)Programs $175,311 · Management $103,079$278,390
IX-24e All other expensesPrograms $101,635 · Management $7,858$109,493
IX-25 Total functional expensesPrograms $586,003 · Management $370,355 · Fundraising $0$956,358
Part X · Balance sheet $1,551,330 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $357,611$160,083
X-2 Savings and temporary cash investmentsStart of year $127,889$14,665
X-4 Accounts receivableStart of year $45,271$32,940
X-10c Land, buildings and equipment, netStart of year $1,050,706$1,311,236
X-15 Other assetsStart of year $99,222$32,406
X-16 Total assetsStart of year $1,699,426$1,551,330
X-17 Accounts payable and accrued expensesStart of year $56,410$39,360
X-19 Deferred revenue$20,000
X-26 Total liabilitiesStart of year $56,410$59,360
X-27 Net assets without donor restrictionsStart of year $1,627,053$1,477,305
X-28 Net assets with donor restrictionsStart of year $15,963$14,665
X-32 Total net assets or fund balancesStart of year $1,643,016$1,491,970
X-33 Total liabilities and net assetsStart of year $1,699,426$1,551,330
Part XI · Reconciliation of net assets $1,491,970 net assets at year end
XI-1 Total revenue$805,312
XI-2 Total expenses$956,358
XI-3 Revenue less expenses−$151,046
XI-4 Net assets at start of year$1,643,016
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,491,970

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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