Destin Water Users INC

Not tax-deductible

Destin, FLMutual-benefit / member-servingSince 1963EIN 59-1082116Revenue $22.5M in FY2025

On file with the IRSdestinwaterusers.comPo Box 308, 32540-0308 · Destin, FLTax-exempt since Sep 1969

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We live and work in a little piece of paradise, and dwu is intent on doing our part to keep IT that way.

$668K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.8M a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$668K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
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
$38.9M
28% of total assets
Looks good: liabilities are 28% 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
$22.5M
+11% vs prior year
Spent
$18.6M
Net assets
$98.3M
By yearFY2020–FY2025
Revenue
$22.5M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.1M
FY2021$20.5M
FY2022$20.4M
FY2023$20.5M
FY2024$20.2M
FY2025$22.5M
Expenses
$18.6M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.4M
FY2021$14.8M
FY2022$15.9M
FY2023$17.1M
FY2024$17.6M
FY2025$18.6M
Net assets
$98.3M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$78.3M
FY2021$83.5M
FY2022$87.8M
FY2023$91.2M
FY2024$94.5M
FY2025$98.3M

From the FY2025 Form 990 · 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: FY2025. IRS ruling in Sep 1969.

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

Who runs it and what they're paid

12 people listed on the 990; $668K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$193,223Pt VII · Sec A
Operations Manager
$151,177Pt VII · Sec A
Finance Manager
$108,957Pt VII · Sec A
Field Service Manager
$107,276Pt VII · Sec A
General Manager
$106,912Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lockwood Wernet$193,223$160,540$155,963$145,366——
Monica Wallis$151,177$135,475$132,480$121,706——
David L Wernet————$141,720$137,110
Monica Autrey————$116,714$113,115
Charles Rathke$108,957$103,088————
Richard Martin$107,276$103,451————
Logan Law$106,912—————

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.

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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 15aYes

Programs and updates

Protecting a beautiful natural area through dedicated work and stewardship.

Questions for Destin Water Users INC

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Water and sewer operations members furnished with water and sewer service - 19,668WATER, waste water and reclaimed water program rates are lower because of exemption. The exemption allows the company to keep infrastructure in first class condition, thereby improving safety and reliability.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$22.5M
Ln 12
Fees for servicesLn 2g$21.0M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$336K
Money outPt IX
$18.6M
Ln 25
Owns and owesPt X
$98.3M
net assets · Ln 32
Cash and savingsLn 1–2$10.4M
Total assetsLn 16$137.1M
LiabilitiesLn 26$38.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$684K
Fees for servicesLn 2g$21.0M
Investment incomeLn 3$336K
Other incomeLn 4–11$130K
Gains on assetsLn 7$3K
Total revenueLn 12$22.5M
Assets in detailPt X, end of year
CashLn 1$742K
SavingsLn 2$9.6M
Cash and savings togetherLn 1–2$10.4M
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$112.2M
Other assetsLn 15$7.8M
Total assetsLn 16$137.1M
LiabilitiesLn 26$38.9M
Net assetsLn 32$98.3M
OperationsPt I, VI
EmployeesI 568
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$11.1M$10.4M
InvestmentsLn 11–13$1.4M$1.3M
Land, buildings, equipmentLn 10c$110.4M$112.2M
Total assetsLn 16$135.0M$137.1M
LiabilitiesLn 26$40.6M$38.9M
Net assetsLn 32$94.5M$98.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.5M
Pension plan contributionsLn 8$293K
Other employee benefitsLn 9$1.2M
Payroll taxesLn 10$326K
Legal feesLn 11b$87K
Accounting feesLn 11c$54K
Other fees for servicesLn 11g$315K
Advertising and promotionLn 12$24K
Office expensesLn 13$121K
Information technologyLn 14$348K
InterestLn 20$1.1M
Depreciation, depletion and amortizationLn 22$4.1M
InsuranceLn 23$549K
Other expenses (24a–d)Ln 24$5.1M
All other expensesLn 24e$407K
Total functional expensesLn 25$18.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $22.5M$18.6M$3.9M$98.3M 990 PDF
FY2024 $20.2M$17.6M$2.6M$94.5M 990 PDF
FY2023 $20.5M$17.1M$3.4M$91.2M 990 PDF
FY2022 $20.4M$15.9M$4.6M$87.8M 990 PDF
FY2021 $20.5M$14.8M$5.7M$83.5M 990 PDF
FY2020 $17.1M$14.4M$2.7M$78.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $22,467,550 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $441,355$1,013,345
I-9 Program service revenuePrior year $19,492,527$20,988,935
I-10 Investment incomePrior year $207,084$335,665
I-11 Other revenuePrior year $26,613$129,605
I-12 Total revenuePrior year $20,167,579$22,467,550
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 $5,961,780$6,332,946
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,615,688$12,281,736
I-18 Total expensesPrior year $17,577,468$18,614,682
I-19 Revenue less expensesPrior year $2,590,111$3,852,868
Part VI · Governance 7 of 7 board members independent, 2 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-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,467,550 across 8 lines filed
VIII-1e Government grants$684,000
VIII-1f All other contributions, gifts and grants$329,345
VIII-1h Total contributions, gifts and grants$1,013,345
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,988,935$20,988,935
VIII-3 Investment incomeExcluded from tax $332,997$332,997
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,668$2,668
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $129,605$129,605
VIII-12 Total revenueRelated to mission $21,121,208 · Unrelated business $0 · Excluded from tax $332,997$22,467,550
Part IX · Statement of functional expenses $18,614,682 across 15 lines filed
IX-7 Other salaries and wages$4,527,451
IX-8 Pension plan contributions$293,340
IX-9 Other employee benefits$1,186,456
IX-10 Payroll taxes$325,699
IX-11b Legal fees$86,547
IX-11c Accounting fees$53,577
IX-11g Other fees for services$315,420
IX-12 Advertising and promotion$23,882
IX-13 Office expenses$120,863
IX-14 Information technology$347,861
IX-20 Interest$1,140,297
IX-22 Depreciation, depletion and amortization$4,141,631
IX-23 Insurance$548,637
IX-24 Other expenses (24a–d)$5,096,111
IX-24e All other expenses$406,910
IX-25 Total functional expenses$18,614,682
Part X · Balance sheet $137,145,160 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,252,278$742,254
X-2 Savings and temporary cash investmentsStart of year $9,837,415$9,641,836
X-4 Accounts receivableStart of year $2,234,859$3,164,929
X-8 Inventories for sale or useStart of year $845,341$920,231
X-9 Prepaid expenses and deferred chargesStart of year $247,369$682,069
X-10c Land, buildings and equipment, netStart of year $110,371,316$112,216,965
X-12 Other securitiesStart of year $1,426,432$1,263,126
X-14 Intangible assetsStart of year $741,074$684,843
X-15 Other assetsStart of year $8,056,506$7,828,907
X-16 Total assetsStart of year $135,012,590$137,145,160
X-17 Accounts payable and accrued expensesStart of year $3,524,557$3,074,907
X-19 Deferred revenueStart of year $232,114$232,114
X-25 Other liabilitiesStart of year $868,364$894,624
X-26 Total liabilitiesStart of year $40,562,506$38,867,903
X-32 Total net assets or fund balancesStart of year $94,450,084$98,277,257
X-33 Total liabilities and net assetsStart of year $135,012,590$137,145,160
Part XI · Reconciliation of net assets $98,277,257 net assets at year end
XI-1 Total revenue$22,467,550
XI-2 Total expenses$18,614,682
XI-3 Revenue less expenses$3,852,868
XI-4 Net assets at start of year$94,450,084
XI-5 Net unrealized gains (losses) on investments$321,778
XI-9 Other changes in net assets−$347,473
XI-10 Net assets at end of year$98,277,257

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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