2024-11-06T08:27:46-06:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 570600562 SEABROOK ISLAND PROPERTY OWNERS ASSOCIATION SEAB 8437251557 1202 LANDFALL WAY JOHNS ISLAND SC 29455 MARK NEATH TREASURER 8437680061 2024-11-05 1 1 JANICE A RATICA P00358837 7043338881 2024-11-05 2023 2024-10-15 13:58:12Z MARK NEATH 1202 LANDFALL WAY JOHNS ISLAND SC 29455 11144122 0 X WWW.SIPOA.ORG X 1972 SC TO PRESERVE THE PROPERTY VALUES AND QUALITY OF LIFE OF THE COMMUNITY ON SEABROOK ISLAND. 12 12 41 21 80512 0 0 0 8764338 9867718 38682 271022 252187 1005382 9055207 11144122 0 0 0 0 1836369 1983343 0 0 0 7000714 6329171 8837083 8312514 218124 2831608 19018886 21407757 1307510 864773 17711376 20542984 X TO PRESERVE THE PROPERTY VALUES AND QUALITY OF LIFE OF THE COMMUNITY THROUGH DEVELOPMENT AND IMPLEMENTATION OF PROGRAMS TO PROTECT THE ENVIRONMENT, FACILITATE ACQUISITION AND MAINTENANCE OF GREEN SPACE, AND TO PROVIDE FOR THE HEALTH, SAFETY, SECURITY, AND WELFARE OF PROPERTY OWNERS. 0 0 847378 1843889 PRIVATE PATROL SERVICE - THE ASSOCIATION PROVIDES A PRIVATE PATROL SERVICE TO THE COMMUNITY, WHICH IS ANOTHER IMPORTANT ASSOCIATION ACTIVITY THAT PROMOTES THE GENERAL WELFARE OF THE COMMUNITY. THE PATROL SERVICE DUTIES INCLUDE PATROLLING THE COMMUNITY WHILE WATCHING OUT FOR UNUSUAL OR SUSPICIOUS ACTIVITY TO REDUCE CRIME. MINOR TRAFFIC MATTERS ARE HANDLED BY THE UNARMED ASSOCIATION SECURITY STAFF. MORE SERIOUS MATTERS ARE HANDLED BY THE COUNTY SHERIFF'S DEPARTMENT. THE ASSOCIATION SECURITY STAFF ACTS AS A LIAISON TO THE CHARLESTON COUNTY SHERRIFF'S DEPARTMENT FOR INCIDENTS THAT OCCUR ON SEABROOK ISLAND, WITH POLICE RADIOS FOR DIRECT CONTACT. THE SECURITY STAFF IS ALSO ALERTED TO 911 CALLS WITHIN THE COMMUNITY AND IN MOST INSTANCES IS THE FIRST RESPONDER TO EMERGENCY CALLS. THE MAJORITY OF THE SECURITY STAFF MEMBERS ARE TRAINED TO RESPOND TO EMERGENCIES IN CPR AND DEFIBRILLATOR USE. DEPUTY SHERIFFS ARE OFTEN HIRED FOR SPECIAL EVENT SECURITY WITHIN THE ASSOCIATION. 824474 ROAD & STORM DRAIN MAINTENANCE - THE ASSOCIATION OWNS SOME 28 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 OF SEABROOK ISLAND AND/OR THE COUNTY OF CHARLESTON. THE ASSOCIATION ALSO MAINTAINS ALL STORM DRAINS THAT SERVICE THE COMMUNITY. THIS IS A PARTICULARLY IMPORTANT SERVICE ON A LOW LYING ISLAND SUBJECT TO HURRICANE FLOODING. 935564 MAINTENANCE OF GREENBELTS, LAKES, AND PONDS - THE ASSOCIATION MAINTAINS LANDSCAPED TRAFFIC ISLANDS, GREENBELTS ADJACENT TO STREETS, AND SEVERAL COMMON AREA LOTS, AS WELL AS NUMEROUS LAKES AND PONDS FOR ALGAE CONTROL, AND BUILDING BIRD AND FISH HABITATS. THIS IS PART OF A BEAUTIFICATION PROJECT THAT PROMOTES THE GENERAL WELFARE OF THE COMMUNITY. 4042596 8023829 OTHER EXPENSES INCLUDE PAYROLL AND RELATED COSTS, DEPRECIATION AND OTHER COSTS. 4042596 8023829 6650012 0 0 0 1 0 1 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 19 0 1 41 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVE ARNOLD 8437251557 1202 LANDFALL WAY JOHNS ISLAND SC 29455 JOHN SESODY DIRECTOR 4.00 X 0 0 0 MIKE SANKOVICH DIRECTOR 4.00 X 0 0 0 SUE FERLAND DIRECTOR 4.00 X 0 0 0 JOYCE PHILLIPS DIRECTOR 4.00 X 0 0 0 BRADLEY PHILLIPS DIRECTOR 4.00 X 0 0 0 LISA RYAN DIRECTOR 4.00 X 0 0 0 THOMAS JOHNSON DIRECTOR 4.00 X 0 0 0 BILL CONNOLLY PRESIDENT 4.00 X X 0 0 0 DAVID BROWN VICE PRESIDENT 4.00 X X 0 0 0 WARREN WEBER TREASURER 4.00 X X 0 0 0 DAVID CRUSE SECRETARY 4.00 X X 0 0 0 SUSAN MAY LEGAL CHAIR 4.00 X X 0 0 0 HEATHER PATON EXECUTIVE DIRECTOR 40.00 X 261919 0 20846 STEPHEN J ARNOLD DIRECTOR OF FINANCE 40.00 X 157709 0 19424 STEVEN HIRSCH DIRECTOR OF ENGINEERING 40.00 X 208958 0 24365 KATRINA BURRELL DIR. OF ADMIN & ARCH. REVI 40.00 X 134674 0 21601 763260 0 86236 4 0 1 0 ALLIED UNIVERSAL SECURITY SERVICE P O BOX 828854 PHILADELPHIA PA 19182 SECURITY 682461 THE GREENERY 145 PRESIDENT ST CHARLESTON SC 29403 LANDSCAPING 474662 SANDERS BROTHERS CONSTRUCTION CO INC 1990 HARLEY STREET CHARLESTON SC 29406 CONSTRUCTION 425360 CAPITAL WASTE PO BOX 1150 COLUMBIA SC 29202 GARBAGE COLLECTION 418616 PETE DUTY & ASSOCIATES 2219 LEAH DRIVE HILLSBOROUGH NC 27278 PUMPS 342151 10 ASSESSMENTS 531390 7385403 7385403 COMMERCIAL ACCESS FEES 531390 1843889 1843889 LAKE HOUSE FEES 531390 465455 384943 80512 ARCHITECTURAL REVIEW 531390 172971 172971 9867718 271022 271022 OTHER REVENUE 531390 1005382 1005382 1005382 11144122 10792588 80512 271022 X 628586 502869 125717 1181088 944870 236218 44118 35294 8824 129551 103641 25910 196091 156873 39218 605245 484196 121049 523697 418958 104739 ENVIRONMENTAL 1169455 935564 233891 SECURITY 1059222 847378 211844 RESERVE EXPENDITURES 878544 702835 175709 ADMINISTRATION 688492 550794 137698 1208425 966740 241685 8312514 6650012 1662502 0 4136362 4599566 5539432 7997284 47898 27833 279281 313076 20107073 11637075 9015913 8469998 19018886 21407757 663852 181746 643658 683027 1307510 864773 X 12171944 12545700 5539432 7997284 17711376 20542984 19018886 21407757 2831608 0 X X 0 1 X 1 0 1 0 0 X X X 34 176.50 1 1 120.00 0 584943 584943 11778392 5952665 5825727 3978595 3884052 94543 1827542 1275286 552256 1937601 525072 1412529 8469998 ACCRUED LIABILITIES 2970 ARCHITECTURAL REVIEW BOARD DEPOSITS 680057 683027 X 11144122 0 11144122 0 11144122 8312514 0 8312514 0 8312514 PART II, LINE 5: SEABROOK ISLAND PROPERTY OWNERS ASSOCIATION HAS 176.5 ACRES OF CONSERVATION EASEMENT PROPERTY, CREATED AND OVERSEEN BY A THIRD PARTY THROUGH ANNUAL INSPECTIONS TO ENSURE COMPLIANCE WITH CONSERVATION COVENANTS. PART II, LINE 9: N/A. THERE ARE NO REVENUES OR EXPENSES RELATED TO THE CONSERVATION EASEMENTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ASSOCIATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2023 OR 2022. X X 0 0 0 0 0 0 0 0 0 HEATHER PATON EXECUTIVE DIRECTOR 261919 0 0 0 0 0 7914 0 12932 0 282765 0 0 0 STEVEN HIRSCH DIRECTOR OF ENGINEERING 208958 0 0 0 0 0 8358 0 16007 0 233323 0 0 0 STEPHEN J ARNOLD DIRECTOR OF FINANCE 157709 0 0 0 0 0 7766 0 11658 0 177133 0 0 0 KATRINA BURRELL DIR. OF ADMIN & ARCH. REVI 134674 0 0 0 0 0 5392 0 16209 0 156275 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A HOMEOWNERS' ASSOCIATION CONSISTING OF 2,586 RESIDENTIAL LOTS. OWNERS ARE AUTOMATICALLY GRANTED MEMBERSHIP IN THE ASSOCIATION UPON PURCHASE OF THEIR LOT. FORM 990, PART VI, SECTION A, LINE 7A WHEN A PROPERTY OWNER DECISION IS NEEDED, THE BOARD OF DIRECTORS PREPARES AND DISTRIBUTES THE APPROPRIATE REFERENDUM TO ALL MEMBERS FOR A VOTE. PRIOR TO THE ANNUAL MEETING OF PROPERTY OWNERS, A FOUR MEMBER ELECTIONS COMMITTEE CONSISTING OF PROPERTY OWNERS NOT ON THE BOARD OF DIRECTORS OR NOMINATING COMMITTEE ARE APPOINTED BY THE PRESIDENT TO VERIFY AND CERTIFY THE VALIDITY OF BALLOTS CAST, AND TABULATIONS OF VOTES CAST FOR ELECTIONS, ON ANY OTHER MATTER VOTED ON AT SUCH MEETING, OR BALLOTS IN ANY REFERENDUM. THE ELECTION COMMITTEE REPORTS ITS FINDINGS TO THE SECRETARY AS SOON AS PRACTICAL FOLLOWING A REFERENDUM, OR THE ANNUAL MEETING, OR SPECIAL MEETING AT WHICH A VOTE IS TAKEN. PROPERTY OWNERS HAVE THE EXCLUSIVE AUTHORITY TO AMEND AND/OR REPEAL BYLAWS, ELECT THE BOARD OF DIRECTORS AND NOMINATING COMMITTEE, TO ACCEPT OR REJECT THE ANNUAL BUDGET, AND TO APPROVE THE BORROWING OF MONEY AND CERTAIN OTHER PROPERTY TRANSACTIONS. A MAJORITY OF MEMBERS IN GOOD STANDING MUST VOTE IN FAVOR OF AN ACTION IN ORDER FOR IT TO BE APPROVED. FORM 990, PART VI, SECTION A, LINE 7B PROPERTY OWNERS HAVE THE EXCLUSIVE AUTHORITY TO AMEND AND/OR REPEAL BYLAWS, ELECT THE BOARD OF DIRECTORS AND NOMINATING COMMITTEE, TO ACCEPT OR REJECT THE ANNUAL BUDGET, TO APPROVE SPECIAL ASSESSMENTS, AND TO APPROVE THE BORROWING OF MONEY AND CERTAIN OTHER PROPERTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 AND PROVIDES A COPY TO THE BOARD OF DIRECTORS BEFORE APPROVING IT TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A FORM INDICATING THEIR UNDERSTANDING OF THE CONFLICTS OF INTEREST POLICY AND THEIR COMPLIANCE WITH IT. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION OF THE EXECUTIVE DIRECTOR ANNUALLY. INCLUDED IN THE EXAMINATION IS THE REVIEW OF PERSONNEL EVALUATIONS AND COMPARISON OF THE EMPLOYEE'S SALARY RANGE TO THAT OF SIMILAR POSITIONS IN LIKE ORGANIZATIONS. ALL DECISIONS ARE DOCUMENTED. THE EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF DEPARTMENT DIRECTORS AND RECOMMENDS SALARY ADJUSTMENTS TO THE EXECUTIVE COMMITTEE. SALARY SURVEY INFORMATION FOR COMPARABLE POSITIONS IN SIMILAR MARKET AREAS IS INCLUDED WITH THE RECOMMENDATIONS. THE EXECUTIVE COMMITTEE THEN APPROVES OR ADJUSTS THE SALARY RECOMMENDATIONS WHILE DOCUMENTING THE DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ASSOCIATION'S WEBSITE: WWW.SIPOA.ORG FORM 990, PART IX, LINE 24E BUILDINGS: PROGRAM SERVICE EXPENSES 396,100. MANAGEMENT AND GENERAL EXPENSES 99,025. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 495,125. LAKE HOUSE: PROGRAM SERVICE EXPENSES 360,721. MANAGEMENT AND GENERAL EXPENSES 90,180. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450,901. INFRASTRUCTURE: PROGRAM SERVICE EXPENSES 109,416. MANAGEMENT AND GENERAL EXPENSES 27,354. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,770. VEHICLES: PROGRAM SERVICE EXPENSES 88,281. MANAGEMENT AND GENERAL EXPENSES 22,070. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,351. HURRICANE RECOVERY: PROGRAM SERVICE EXPENSES 12,222. MANAGEMENT AND GENERAL EXPENSES 3,056. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,278. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED.