Kiawah Island Community Association Inc
- Assets
- $27.3m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 141
- Location
- Kiawah Island, SC
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 57-0713010
Organization Overview
Kiawah Island Community Association Inc is located in Kiawah Island, SC. The organization was established in 2010. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Kiawah Island Community Association Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiawah Island Community Association Inc 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 12/2023, Kiawah Island Community Association Inc generated $21.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $18.7m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KICA IS ENGAGED IN PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF KIAWAH ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KICA IS RESPONSIBLE FOR MAINTAINING AND PRESERVING THE COMMON AREA OF KIAWAH ISLAND. THIS INCLUDES UPKEEP OF 60 MILES OF ROADWAYS; 19 MILES OF LEISURE TRAILS; 122 LAKES AND PONDS; 10 CRABBING DOCKS; 26 BOARDWALKS; 8 VEHICULAR BRIDGES; 30 PEDESTRIAN BRIDGES; 3 VIEWING TOWERS; AND 1005 ACRES OF COMMON PROPERTY.
TO ENHANCE THE SECURITY AND SAFETY OF THE KIAWAH ISLAND COMMUNITY, THE ASSOCIATION PROVIDES ONSITE SECURITY PATROL.
THE ASSOCIATION PROVIDES VARIOUS AMENITIES TO MEMBERS AND OPERATES A COMMUNITY CENTER WHICH PROVIDES RECREATIONAL AND FITNESS PROGRAMS. THE RECREATION STAFF ALSO MANAGE THE BOATING AND PICNIC FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 20 | $0 |
Name Not Listed Secretary | OfficerTrustee | 20 | $0 |
Name Not Listed Chairman | OfficerTrustee | 20 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 20 | $0 |
Name Not Listed Director | Trustee | 10 | $0 |
Name Not Listed Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nu-pipe Llc Drainage/pipe Installation | 12/30/23 | $1,184,334 |
Southeast Spreading Company Llc Mulching Services | 12/30/23 | $239,453 |
S&s Coastal Enterprises Ll Marine And Specialty Construction | 12/30/23 | $648,040 |
Blutide Marine Construction Marine Construction | 12/30/23 | $399,074 |
Triple H Services Llc Landscaping Services | 12/30/23 | $244,269 |
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 | $19,792,803 |
| Investment income | $847,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $336,092 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,047 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,256,785 |
| 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. | $476,099 |
| Compensation of current officers, directors, key employees. | $280,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,093,145 |
| Pension plan accruals and contributions | $174,304 |
| Other employee benefits | $824,382 |
| Payroll taxes | $498,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242,748 |
| Fees for services: Accounting | $46,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $721,811 |
| Advertising and promotion | $0 |
| Office expenses | $827,708 |
| Information technology | $696,870 |
| Royalties | $0 |
| Occupancy | $836,585 |
| Travel | $78,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,481 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,135 |
| Insurance | $843,228 |
| All other expenses | $11,068 |
| Total functional expenses | $18,728,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,724 |
| Savings and temporary cash investments | $3,966,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $388,289 |
| Net Land, buildings, and equipment | $2,606,505 |
| Investments—publicly traded securities | $19,298,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,641 |
| Total assets | $27,327,911 |
| Accounts payable and accrued expenses | $1,563,962 |
| Grants payable | $0 |
| Deferred revenue | $1,038,396 |
| 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 | $20,600 |
| Total liabilities | $2,622,958 |
| Net assets without donor restrictions | $24,704,953 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,327,911 |