2025-11-14T12:43:33+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 570980098 Keowee Key Utility Systems Inc KEOW 8649440598 1392 STAMP CREEK ROAD SALEM SC 29676 Tony Gody PRESIDENT 8649440598 2025-11-14 true true Amy Bibby P00445891 8282542254 2025-11-12 2024 2025-03-06 01:10:19Z Tony Gody 1392 STAMP CREEK ROAD SALEM SC 29676 2253148 false X N/A X 1993 SC PROVIDE WATER AND SEWER SERVICE TO MEMBERS 3 3 13 0 0 0 2080967 2092960 138805 160188 0 2219772 2253148 0 0 402546 456568 0 0 1642002 1734947 2044548 2191515 175224 61633 9458765 9253674 3717898 3448701 5740867 5804973 KKUS is a privately owned utility that provides dependable, cost effective water distribution, waste collection and treatment services to its members while ensuring the safety of all KKUS Team Members and proactively meeting or exceeding all environmental regulations. false false Keowee Key Utility Systems, Inc. provides water and sewer services for approximately 1,600 members within the Keowee Key community. Employees are on call 24/7 to respond to water line breakages or sewer-related problems. 0 false false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true true false false true 0 0 13 true false false false false false 2071960 183661 false false false X 3 3 false true false false true true true true true false false false true true true true false true true true false false X X DIRECTORS 8649440598 1392 STAMP CREEK ROAD SALEM SC 29676 X Barry Cole VP 2.0 0.0 X X 0 0 0 RICHARD JOHNSON SECRETARY/TREASURER 2.0 0.0 X X 0 0 0 Tony Gody PRESIDENT 2.0 0.0 X X 0 0 0 0 0 0 0 false false false 0 0 WATER/SEWER SERVICE 221000 2071960 2071960 System Impact Fees 221000 21000 21000 0 0 0 0 2092960 75891 75891 0 0 74570 9727 74570 9727 84297 84297 0 0 0 0 0 2253148 2092960 0 160188 423752 2074 30742 69072 14340 0 16945 3177 194741 496212 90255 PUBLIC WORKS 262641 PURCHASED WATER/ENZYMES 248328 MATERIALS 75752 lab tests 66291 197193 2191515 1570687 1647728 1079206 996761 146422 151799 0 0 0 0 13298987 7094362 6420524 6204625 241926 252761 0 0 0 9458765 9253674 215333 170346 0 0 3486765 3262220 15800 16135 3717898 3448701 5740867 5804973 5740867 5804973 9458765 9253674 61633 2473 0 X X false true true false 17850 17850 4414107 2357876 2056231 8177971 4368413 3809558 689059 368073 320986 6204625 Federal Income Taxes DEPOSITS 16135 prepaid property insurance 16135 X 2007293 2473 -248328 -245855 2253148 0 0 2253148 1943187 0 0 1943187 248328 248328 2191515 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Income Taxes: KKUS is exempt from federal income taxes Section 501(c)(12) of the Internal Revenue Code. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Water COGS - -248328 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Water COGS - 248328 Form 990, Part VI, Line 3 Delegation of management duties KEOWEE KEY UTILITY SYSTEM PAID KEOWEE KEY PROPERTY OWNERS ASSOCIATION A MANAGEMENT FEE OF $69,072 TO PERFORM THE MANAGEMENT FUNCTIONS OF KEOWEE KEY UTILITY SYSTEM. Form 990, Part VI, Line 6 Classes of members or stockholders ANY INDIVIDUAL WHO OWNS PROPERTY IN KEOWEE KEY IS CONSIDERED A MEMBER OF KEOWEE KEY UTILITY SYSTEM, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body EACH YEAR, MEMBERS RECEIVE A LISTING OF PERSONS NOMINATED FOR THE BOARD OF DIRECTORS. THE MEMBERS THEN CAST THEIR VOTE AND RETURN THEIR BALLOTS TO ELECT MEMBERS TO THE BOARD OF DIRECTORS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders EACH YEAR MEMBERS RECEIVE A COPY OF THE PROPOSED BUDGET. THEY ARE THEN REQUIRED TO APPROVE THE BUDGET, OR ADDRESS ANY ISSUES WITH THE BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD OF DIRECTORS WILL NORMALLY BE GIVEN A COPY OF THE FORM 990 FOR REVIEW PRIOR TO THE NEXT SCHEDULED BOARD MEETING. TIME WILL BE SET ASIDE FOR DISCUSSION OF THE 990 AT THE BOARD MEETING, AND THE RETURN WILL BE APPROVED BY ALL BOARD MEMBERS AND SIGNED BY THE BOARD PRESIDENT PRIOR TO ITS FILING. IF THE RETURN MUST BE APPROVED PRIOR TO THE NEXT BOARD MEETING, AN ELECTRONIC COPY OF THE FORM 990 WILL BE EMAILED TO BOARD MEMBERS AS SOON AS IT IS MADE AVAILABLE BY OUR TAX PREPARERS. THE 990 WILL BE REVIEWED BY BOARD MEMBERS AND THE BOARD MEMBERS WILL CONVEY THEIR VOTES ELECTRONICALLY, AFTER WHICH THE BOARD PRESIDENT WILL SIGN THE RETURN. THE TAX RETURN APPROVAL WILL BE INCORPORATED INTO THE MINUTES OF THE NEXT BOARD MEETING. Form 990, Part VI, Line 12c Conflict of interest policy THE KKUS BOARD OF DIRECTORS, COMMUNITY GENERAL MANAGER AND CONTROLLER ARE AWARE OF, AND IN AGREEMENT WITH, THE CONFLICT OF INTEREST POLICY, WHICH INCLUDES THE DUTY TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST. ANY BREACH OR SUSPECTED BREACH OF THIS POLICY WOULD BE ADDRESSED IN THE NEXT AVAILABLE MONTHLY BOARD MEETING, AND THE PROCEEDINGS AND FINDINGS WOULD BE RECORDED IN THE BOARD MINUTES. Form 990, Part VI, Line 15a Process to establish compensation of top management official The KKPOA general manager in conjunction with the KKUS board of directors periodically utilizes compensation surveys to compare the annual compensation of the KKUS Director with utility directors within the same region to ensure the compensation is reasonable. Form 990, Part VI, Line 19 Required documents available to the public KEOWEE KEY UTILITY SYSTEMS' BYLAWS ARE AVAILABLE TO MEMBERS AT THE KEOWEE KEY PROPERTY OWNERS' ASSOCIATION WEBSITE. ITS ANNUAL AUDITED FINANCIALS ARE MAILED TO MEMBERS EACH APRIL AS PART OF KEOWEE KEY'S ANNUAL REPORT. MONTHLY FINANCIALS AND BYLAWS ARE AVAILABLE TO MEMBERS AT KEOWEE KEY PROPERTY OWNERS ASSOCIATION'S ADMINISTRATIVE OFFICES AT 1392 STAMP CREEK ROAD, SALEM SC 29676. Form 990, Part XII, Line 2c Change of oversight process or selection process The process has not changed from the prior year. KEOWEE KEY PROPERTY OWNERS' ASSOCIATION 1392 STAMP CREEK ROAD SALEM NC 29676 570957121 HOMEOWNERS ASSOCIATION SC NA C Corporation 0 0 false false false false false false false true false false false false false true false false true false false false KEOWEE KEY PROPERTY OWNERS' ASSOCIATION P 724237 ACTUAL TRANSACTIONS