2024-10-31T10:30:25-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 341033548 990 2023-01-01 591111129 THE ISLAND WATER ASSOCIATION INC ISLA 2394721502 3651 SANIBEL CAPTIVA RD SANIBEL FL 33957 DIANA WILSON GENERAL MANAGER 2394721502 2024-10-18 1 0 AMELIA COOPER P00437898 2392628686 2024-10-18 2023 2024-10-15 13:58:12Z DIANA WILSON 3651 SANIBEL CAPTIVA RD SANIBEL FL 33957 13702491 0 X WWW.ISLANDWATER.COM X 1965 FL ISLAND WATER PRODUCES AND DISTRIBUTES POTABLE WATER TO SANIBEL AND CAPTIVA ISLANDS. 5 5 35 7 0 0 126027 137323 6471981 6404245 113961 267269 272288 1530709 6984257 8339546 0 0 0 0 3525203 3329902 0 0 0 3333328 3528882 6858531 6858784 125726 1480762 39042649 39643837 1554564 1520781 37488085 38123056 PROVIDE FOR THE PRODUCTION, TRANSMISSION AND DISTRIBUTION OF WATER TO COMMERCIAL AND RESIDENTIAL STRUCTURES ON SANIBEL AND CAPTIVA, TWO BARRIER ISLANDS LOCATED IN SOUTHWEST FLORIDA. 0 0 5215751 6404245 PROVIDES FOR THE PRODUCTION, TRANSMISSION AND DISTRIBUTION OF WATER TO THE BARRIER ISLANDS OF SANIBEL AND CAPTIVA. THE ASSOCIATION IS FRANCHISED BY LEE COUNTY AND THE CITY OF SANIBEL. 5215751 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 35 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 0 1 1 1 0 FL X THE ASSOCIATION 2394721502 3651 SANIBEL CAPTIVA RD SANIBEL FL 33957 JEFFREY SPRINGER PRESIDENT THRU 7/2023 5.00 X X 0 0 0 MIKE BORIS VP/TREAS. THRU 7/23;PRES. AS OF 8/23 5.00 X X 0 0 0 KATHLEEN SERGEANT VICE PRESIDENT/SECRETARY 3.00 X X 0 0 0 DENNIS BERRY VICE PRESIDENT THRU 4/2023 2.00 X X 0 0 0 DONALD RICE VICE PRESIDENT 2.00 X X 0 0 0 JOHN SCHMIDLIN VP AS OF 4/23; TREAS. AS OF 8/23 3.00 X X 0 0 0 LAURA DEBRUCE VICE PRESIDENT AS OF 8/2023 2.00 X X 0 0 0 DIANA WILSON GENERAL MANAGER 40.00 X 204810 0 51443 MICHAEL KRAFT CONTROLLER THRU 3/2023 40.00 X 25402 0 11294 STEVEN DOVER CONTROLLER AS OF 3/2023 40.00 X 89500 0 29129 PATRICK HENRY PRODUCTION MANAGER 40.00 X 133732 0 37015 THEODORE BROWN CONSTRUCTION COORDINATOR 40.00 X 101132 0 23290 554576 0 152171 3 0 1 0 BCI TECHNOLOGIES 4939 CROSS BAYOU BLVD NEW PORT RICHEY FL 34652 CONTROLS SYSTEM ENGINEERING 1329300 ROOFING & RECONSTRUCTION CONTRACTORS OF 1951 JC BLVD NAPLES FL 34109 MAIN OFFICE/DISTN GARAGE/CL2 BLDG ROOF R 441100 REVOLUTION FENCE COMPANY 16150 OLD US 41 UNIT 1 FORT MYERS FL 33912 MAIN FACILITY FENCE & GATE REPLACEMENT 244330 CFS ROOFING 16100 LEE ROAD FORT MYERS FL 33912 RO PLANT ROOF REPLACEMENT 181769 SOURCE INC 1334 LAFAYETTE STREET CAPE CORAL FL 33904 VARIOUS PROJECT DESIGNS 164797 5 137323 137323 WATER SALES 221000 6392339 6392339 FINES AND RECONNECTIONS 221000 11906 11906 6404245 195539 195539 5434675 5362945 71730 71730 71730 REIMBURSEMENTS 900099 1284908 1284908 INSURANCE SETTLEMENT 900099 211909 211909 LEASE PROCEEDS-INJECTION WELL 900099 12401 12401 21491 21491 1530709 8339546 6404245 0 1797978 411578 164631 246947 2100280 1596680 503600 246511 195050 51461 395458 328526 66932 176075 126515 49560 2421 2421 38045 38045 1227 1227 245616 110625 134991 2738 2738 357307 206979 150328 80102 73851 6251 12847 12847 12015 12015 951038 951038 205318 205318 WATER TREATMENT 762389 762389 ELECTRICITY AND GAS 585936 572007 13929 ADMINISTRATIVE EXPENSES 94410 15791 78619 SAFETY EQUIPMENT/TOOLS 90127 90127 87346 9527 77819 6858784 5215751 1643033 0 1298463 1305439 2040358 1439909 166924 563403 124893 178952 60406121 32676424 25305904 27729697 9471999 8146374 634108 280063 39042649 39643837 669067 707654 300000 300000 585497 513127 1554564 1520781 X 0 0 0 0 37488085 38123056 37488085 38123056 39042649 39643837 X 1480762 149892 -1060383 64700 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453693 453693 20651891 11635517 9016374 39300537 21040907 18259630 27729697 POST-RETIREMENT BENEFIT PLAN OBLIGATION 175586 INJECTION WELL LIABILITY 337541 513127 X 8350888 149892 149892 8200996 1227 137323 138550 8339546 6857557 0 6857557 1227 1227 6858784 PART X, LINE 2: THE ASSOCIATION IS A NONPROFIT ORGANIZATION AND AS SUCH IS NOT SUBJECT TO INCOME TAX. AS OF THE DATE OF THE AUDITED FINANCIAL STATEMENTS REPORT, THE ASSOCIATION HAS NOT UNDERTAKEN ANY ACTIVITIES THAT WOULD POTENTIALLY JEOPARDIZE ITS STATUS AS A NONPROFIT ORGANIZATION. THE CORPORATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT, THE CORPORATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. THE ASSOCIATION INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ASSOCIATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS, NOR IS IT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION IN AID OF CONSTRUCTION 137,323. X X 0 0 0 0 0 0 0 1 0 DIANA WILSON GENERAL MANAGER 189630 0 15000 0 180 0 29465 0 21978 0 256253 0 0 0 PATRICK HENRY PRODUCTION MANAGER 128958 0 4000 0 774 0 19689 0 17326 0 170747 0 0 0 PART I, LINE 7 INCENTIVE AWARDS ARE BASED ON THE ASSOCIATION'S AND EMPLOYEE'S PERFORMANCE EVALUATION AND ACHIEVEMENT OF GOALS SET DURING THE PREVIOUS YEAR'S REVIEW. TYPICALLY, ONE OF THE LARGER COMPANY-WIDE GOALS IS ACHIEVEMENT OF THE OPERATIONS AND MAINTENANCE EXPENSE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON HAVING REASONABLE ACCESSIBILITY TO THE SOURCE OF AND WHO IS IN NEED OF SERVICES PROVIDED BY THE WATER SYSTEM OR OTHER SERVICES OPERATED BY THE CORPORATION AND WHO RECEIVED THE APPROVAL OF THE BOARD OF DIRECTORS MAY BE ADMITTED TO MEMBERSHIP UPON SUBSCRIBING FOR OR OTHERWISE ACQUIRING A MEMBERSHIP AND BY SIGNING AN APPLICATION FOR MEMBERSHIP AND WATER USER'S AGREEMENT AND UPON FULL PAYMENT OF CHARGES AND CONNECTION FEES ASSOCIATED WITH MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING OF THE MEMBERS IN APRIL, THE MEMBERS ARE ABLE TO ELECT A DIRECTOR TO ANY OPEN POSITION ON THE BOARD. THIS IS AFTER A NOMINATING COMMITTEE HAS MADE SOME CHOICES, AND THEN SUBMITTED THEM TO THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMITTAL OF THE FEDERAL FORM 990, IT IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. AFTER THE REVIEW IS COMPLETE, THE FEDERAL FORM 990 IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING OF THE CONFLICT OF INTEREST POLICY IS COMPLETED WITH ANNUAL UPDATED RESUMES FROM EXISTING BOARD MEMBERS AND ANY CANDIDATES FOR OPEN POSITIONS. IWA BOARD MEMBERS REVIEW AND SIGN AN ANNUAL CONFLICT OF DISCLOSURE POLICY/STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 GENERAL MANAGER PERFORMANCE IN THE MANAGEMENT OF THE COMPANY AND ACHIEVEMENT OF GOALS IS EVALUATED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS. INDIVIDUAL DIRECTOR EVALUATIONS ARE BROUGHT TO A PRIVATE MEETING OF THE BOARD FOR DISCUSSION AND DETERMINATION OF THE GM'S ANNUAL MERIT-BASED PAY INCREASE (DECREASE). THE BOARD OF DIRECTORS' DECISIONS REGARDING PERFORMANCE EVALUATION AND MERIT-BASED PAY ARE COMMUNICATED TO THE GENERAL MANAGER BY THE BOARD PRESIDENT. SALARY COMPARISONS FOR OTHER OFFICERS AND KEY PERSONNEL POSITIONS ARE COMPARED TO LOCAL CITY AND UTILITY MARKET COMPENSATION DATA ON AN ANNUAL BASIS. ANNUAL ADJUSTMENTS TO SALARIES ARE MADE BASED ON MARKET DATA AND PERFORMANCE EVALUATION RESULTS. A REVIEW WAS MOST RECENTLY CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION PROVIDES ACCESS TO THE FINANCIAL STATEMENTS ON THE WEBSITE AT WWW.ISLANDWATER.COM. THE POLICY MANUAL IS LOCATED AT THE OFFICE AND CAN BE REQUESTED BY ANYONE GOING TO THE OFFICE. FORM 990, PART XI, LINE 9: POST-RETIREMENT BENEFIT CHANGE 64,700.