Palmetto Dunes Property Owners Association
- Assets
- $37.6m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Hilton Head Island, SC
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 57-0656625
Organization Overview
Palmetto Dunes Property Owners Association is located in Hilton Head Island, SC. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2020, Palmetto Dunes Property Owners Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Dunes Property Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Palmetto Dunes Property Owners Association generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.7m during the year ending 12/2020. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PDPOA IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE COMMON PROPERTY WITHIN THE 2,172 RESIDENTIAL DEVELOPMENT LOCATED IN HILTON HEAD ISLAND, SOUTH CAROLINA. THE RESIDENTIAL DEVELOPMENT INCLUDES 12 COMMERCIAL ENTITIES. THE MAINTENANCE OF ROADS, LAGOONS, AND PATHS OPEN TO THE PUBLIC PROVIDE AN ESSENTIAL PUBLIC BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROAD MAINTENANCE AND STORM DRAIN MAINTENANCE - THE ASSOCIATION OWNS 26 MILES OF ROADS, AND IS FULLY RESPONSIBLE FOR THE MAINTENANCE, REPAIR AND RECONSTRUCTION OF THESE ROADS. THE ASSOCIATION'S ROAD MAINTENANCE ACTIVITIES PROMOTE THE GENERAL WELFARE OF THE COMMUNITY AND BECAUSE ROAD MAINTENANCE IS AN ESSENTIAL GOVERNMENTAL FUNCTION, THE ACTIVITIES LESSEN THE BURDEN OF THE TOWN HILTON HEAD ISLAND. DURING THE SPRING, PDPOA COMPLETED THE ROADWAY AND DRAINAGE CONSTRUCTION ON PORT TACK. AT THE SAME TIME, PDPOA COMPLETED THE BRIDGE REPLACEMENT OF THE TWO PORT TACK BRIDGES.DURING THE FALL, PDPOA STARTED THE ROADWAY AND DRAINAGE CONSTRUCTION ON SEA LANE. THIS WORK WAS COMPLETED IN APRIL 2021.
MAINTENANCE OF GREENBELTS, 11 MILE LONG LAGOON SYSTEM, LAKES AND BIKE PATHS - THE ASSOCIATION MAINTAINS LANDSCAPED GREENBELTS ADJACENT TO STREETS, SEVERAL COMMON AREA LOTS, 2 FRESH WATER LAKES, AND 10 MILES OF BIKE PATHS. THE BIKE PATHS ARE PART OF AN ISLAND WIDE SYSTEM OF PATHS THAT ARE OPEN TO THE GENERAL PUBLIC AND MAY NOT BE RESTRICTED IN ANY WAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Schumacher CEO | Officer | 40 | $293,500 |
Ben Brown Director Of Planning | 40 | $152,478 | |
James Griner Chief Of Security | 40 | $112,543 | |
Wilbur Strickland Chairperson | Trustee | 2 | $0 |
Erin Gaian Director | Trustee | 1 | $0 |
Sean Moore Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Greenery Inc Landscape Company | 12/30/20 | $377,419 |
The Industrial Company Bridge Building Contracto | 12/30/20 | $1,234,280 |
Js Construction Services Roadway And Drainage Cont | 12/30/20 | $834,676 |
Leamington Poa Pass Office Activity | 12/30/20 | $457,352 |
Island Buggy Service Inc Transportation Compa | 12/30/20 | $172,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,462,209 |
| Investment income | $470,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,414,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $632,904 |
| Compensation of current officers, directors, key employees. | $63,290 |
| Compensation to disqualified persons | $1,839,859 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $119,649 |
| Other employee benefits | $479,296 |
| Payroll taxes | $172,169 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $105,833 |
| Fees for services: Accounting | $51,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,062 |
| Advertising and promotion | $0 |
| Office expenses | $28,765 |
| Information technology | $88,879 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,006,007 |
| Insurance | $188,305 |
| All other expenses | $400,498 |
| Total functional expenses | $6,698,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,043,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,805 |
| Prepaid expenses and deferred charges | $11,020 |
| Net Land, buildings, and equipment | $20,373,491 |
| Investments—publicly traded securities | $14,528,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $521,844 |
| Total assets | $37,616,035 |
| Accounts payable and accrued expenses | $405,664 |
| Grants payable | $0 |
| Deferred revenue | $216,701 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,363,784 |
| Total liabilities | $1,986,149 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $24,216,680 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,696,416 |
| Retained earnings, endowment, accumulated income, or other funds | $3,716,790 |
| Total liabilities and net assets/fund balances | $37,616,035 |
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Mountain Projects Inc Waynesville, NC | $12,244,902 | $16,388,173 |
Wayne Action Group For Economic Solvency Inc Goldsboro, NC | $6,163,393 | $14,971,774 |
Charleston County Human Services Commission Charleston, SC | $3,983,757 | $14,100,401 |
Carolina Community Actions Inc Rock Hill, SC | $2,434,236 | $13,156,403 |
Family Services Inc Winstonsalem, NC | $13,053,740 | $11,597,256 |