Dewees Utility Corporation FY2020 filing

Not tax-deductible

Dewees Island, SCMutual-benefit / member-servingMutual/Membership EIN 57-0958778Revenue $667K in FY2020

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.

75¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$240K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$667K
Spent
$643K
To programs
75%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$667K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$667K
FY2021$735K
FY2022$761K
FY2023$843K
FY2024$805K
Expenses
$643K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$643K
FY2021$604K
FY2022$729K
FY2023$798K
FY2024$956K
Net assets
$1.5M
FY2020
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 FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $485K Management & general 25% · $158K

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; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Island Manag
$57,041Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
Island Mgr I
$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 · FY2019
01

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

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$667K
Ln 12
Fees for servicesLn 2g$639K
Other incomeLn 4–11$24K
Investment incomeLn 3$5K
Money outPt IX
$643K
Ln 25
Programscol B$485K
Managementcol C$158K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$359K
Total assetsLn 16$1.7M
LiabilitiesLn 26$240K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$639K
Investment incomeLn 3$5K
Other incomeLn 4–11$24K
Total revenueLn 12$667K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$306K
Cash and savings togetherLn 1–2$359K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$240K
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 FY20End FY20
Cash and savingsLn 1–2$491K$359K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$2.0M$1.7M
LiabilitiesLn 26$541K$240K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$220K$189K$31K
Other employee benefitsLn 9$17K$15K$2K
Payroll taxesLn 10$16K$14K$2K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$111K$111K
InsuranceLn 23$102K$102K
Other expenses (24a–d)Ln 24$149K$149K
All other expensesLn 24e$24K$8K$16K
Total functional expensesLn 25$643K$485K$158K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $667,472 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $612,601$638,645
I-10 Investment incomePrior year $878$4,627
I-11 Other revenuePrior year $23,477$24,200
I-12 Total revenuePrior year $636,956$667,472
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $227,934$252,612
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $460,503$390,699
I-18 Total expensesPrior year $688,437$643,311
I-19 Revenue less expensesPrior year −$51,481$24,161
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $667,472 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $638,645$638,645
VIII-3 Investment incomeExcluded from tax $4,627$4,627
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,440 · Unrelated business $3,760$24,200
VIII-12 Total revenueRelated to mission $659,085 · Unrelated business $3,760 · Excluded from tax $4,627$667,472
Part IX · Statement of functional expenses $643,311 across 8 lines filed
IX-7 Other salaries and wagesPrograms $188,778 · Management $30,731$219,509
IX-9 Other employee benefitsPrograms $14,968 · Management $2,437$17,405
IX-10 Payroll taxesPrograms $13,500 · Management $2,198$15,698
IX-20 InterestManagement $4,860$4,860
IX-22 Depreciation, depletion and amortizationPrograms $110,670$110,670
IX-23 InsuranceManagement $102,183$102,183
IX-24 Other expenses (24a–d)Programs $149,465$149,465
IX-24e All other expensesPrograms $7,686 · Management $15,835$23,521
IX-25 Total functional expensesPrograms $485,067 · Management $158,244 · Fundraising $0$643,311
Part X · Balance sheet $1,699,451 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $251,897$52,826
X-2 Savings and temporary cash investmentsStart of year $239,360$306,311
X-4 Accounts receivableStart of year $149,642$93,123
X-8 Inventories for sale or useStart of year $10,529$9,279
X-9 Prepaid expenses and deferred chargesStart of year $55,343$53,087
X-10c Land, buildings and equipment, netStart of year $1,269,106$1,184,825
X-16 Total assetsStart of year $1,975,877$1,699,451
X-17 Accounts payable and accrued expensesStart of year $115,585$14,237
X-25 Other liabilitiesStart of year $425,171$225,932
X-26 Total liabilitiesStart of year $540,756$240,169
X-27 Net assets without donor restrictionsStart of year $1,418,656$1,442,798
X-28 Net assets with donor restrictionsStart of year $16,465$16,484
X-32 Total net assets or fund balancesStart of year $1,435,121$1,459,282
X-33 Total liabilities and net assetsStart of year $1,975,877$1,699,451
Part XI · Reconciliation of net assets $1,459,282 net assets at year end
XI-1 Total revenue$667,472
XI-2 Total expenses$643,311
XI-3 Revenue less expenses$24,161
XI-4 Net assets at start of year$1,435,121
XI-10 Net assets at end of year$1,459,282

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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