Dewees Utility Corporation
- Assets
- $2.1m
- Revenue
- $761.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dewees Island, SC
- Founding
- 03/2007
- Data as of
- 09/2022
- EIN
- 57-0958778
Organization Overview
Dewees Utility Corporation is located in Dewees Island, SC. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dewees Utility Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 09/2022, Dewees Utility Corporation generated $761.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $729.4k during the year ending 09/2022. While expenses have increased by 5.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER AND SEWER SERVICES, INCLUDING THE REPAIR AND MAINTENANCE OF UTILITY SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF WATER AND SEWER SERVICES AND REPAIRS AND MAINTENANCE OF UTILITY SYSTEMS AND INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Doyle At-Large | Trustee | 2 | $0 |
Mark Beischel At-Large | Trustee | 2 | $0 |
Edmund Frampton At-Large | Trustee | 2 | $0 |
Thane Duncan At-Large | Trustee | 2 | $0 |
Jim Mack Vice President | OfficerTrustee | 2 | $0 |
Walter Taylor President/treasurer | OfficerTrustee | 2 | $0 |
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 | $708,109 |
| Investment income | $22,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$107,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,333 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,506 |
| Payroll taxes | $16,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,920 |
| Fees for services: Accounting | $12,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,529 |
| Information technology | $7,586 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,319 |
| Interest | $4,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,591 |
| Insurance | $89,230 |
| All other expenses | $149,188 |
| Total functional expenses | $729,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,713 |
| Savings and temporary cash investments | $247,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,631 |
| Inventories for sale or use | $19,728 |
| Prepaid expenses and deferred charges | $56,782 |
| Net Land, buildings, and equipment | $1,000,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,059,723 |
| Accounts payable and accrued expenses | $26,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $411,061 |
| Total liabilities | $437,234 |
| Net assets without donor restrictions | $1,605,988 |
| Net assets with donor restrictions | $16,501 |
| 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 | $2,059,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Smarr Emc Tucker, GA | $81,159,667 | $98,894,071 |
North Georgia Network Cooperative Inc Cornelia, GA | $3,125,516 | $3,437,461 |
Meansville Riley Road Water Company Inc Union, SC | $9,355,610 | $2,015,414 |
Dewees Utility Corporation Dewees Island, SC | $2,059,723 | $761,333 |
Mountain Lakes Water & Sewer Authority Inc Dawsonville, GA | $810,422 | $167,570 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |
Jason Water Corporation Snow Hill, NC | $752,068 | $98,047 |
Woneta Family Reunion Corp marietta, GA | $6,700 | $0 |