2022-09-15T09:29:45-05:00 2021-12-31 570776381 WEBSTERROGERS LLP PO BOX 1999 BLUFFTON SC 29910 990 2021-01-01 570656625 PALMETTO DUNES PROPERTY OWNERS ASSOCIATION INC PALM 8437851109 16 QUEENS FOLLY ROAD HILTON HEAD ISLAND SC 29928 SEAN MOORE TREASURER 7323128632 2022-09-15 1 SEAN MOORE 999009999 TABATHA R BELLFLOWERSEA P01314866 8437068440 2022-09-15 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANDREW SCHUMACHER 16 QUEENS FOLLY ROAD HILTON HEAD ISLAND SC 29928 11414969 0 X WWW.PDPOA.ORG X 1977 SC PDPOA IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE COMMON PROPERTY WITHIN THE 2,172 RESIDENTIAL DEVELOPMENT LOCATED IN HILTON HEAD ISLAND, SOUTH CAROLINA. THE RESIDENTIAL DEVELOPMENT INCLUDES 12 COMMERCIAL ENTITIES. THE MAINTENANCE OF ROADS, LAGOONS, AND PATHS OPEN TO THE PUBLIC PROVIDE ESSENTIAL PUBLIC BENEFIT. 10 9 72 36 0 0 0 0 4462209 10893597 717534 520639 5235238 0 10414981 11414236 0 0 0 0 3243877 3286083 0 0 0 3454314 3941195 6698191 7227278 3716790 4186958 37616035 42506108 1986149 2117052 35629886 40389056 TO ENHANCE THE QUALITY OF LIFE, STRIVE TO PROTECT THE NATURAL ENVIRONMENT, AND IMPROVE THE RESOURCES OF OUR COMMUNITY FOR ALL THOSE WHO LIVE, INVEST, WORK AND PLAY HERE. 0 0 6562580 10893597 ROAD MAINTENANCE AND STORM DRAIN MAINTENANCE - THE ASSOCIATION OWNS 26 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 HILTON HEAD ISLAND,DURING THE SPRING, THE ASSOCIATION COMPLETED THE ROADWAY AND DRAINAGE CONSTRUCTION ON SEA LANE. 6562580 0 0 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 1 0 0 0 0 0 0 0 0 0 0 1 28 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 SC X MATTHEW NEMES 8437851109 16 QUEENS FOLLY ROAD HILTON HEAD SC 29928 ERIN GAIAN MEMBER 1.00 X 0 0 0 RIC GORMAN MEMBER 1.00 X 0 0 0 BRANDON SMITH MEMBER 1.00 X 0 0 0 BECKY BRUMLEY MEMBER (PART-YEAR) 1.00 X 0 0 0 DAN DEMICHELE MEMBER (PART-YEAR) 1.00 X 0 0 0 JERRY DURKIN MEMBER (PART-YEAR) 1.00 X 0 0 0 LEE SMITH MEMBER (PART-YEAR) 1.00 X 0 0 0 MICHAEL VACCARO MEMBER (PART-YEAR) 1.00 X 0 0 0 JERRY BOWLING CHAIR 2.00 X X 0 0 0 WILBUR STRICKLAND CHAIR (PART-YEAR) 2.00 X X 0 0 0 GROVER CLEAVELAND VICE-CHAIR 2.00 X X 0 0 0 SEAN MOORE TREASURER 2.00 X X 0 0 0 MARK CARROLL SECRETARY 1.00 X X 0 0 0 ANDREW SCHUMACHER CEO 40.00 X 266855 0 34380 BEN BROWN DIRECTOR OF PLANNING 40.00 X 166214 0 16837 JAMES GRINER DIRECTOR OF SECURITY 40.00 X 118412 0 26927 LORETTA HOOVER DIRECTOR OF HUMAN RESOURCES 40.00 X 100090 0 25096 651571 0 103240 4 0 1 0 JS CONSTRUCTION SERVICES PO BOX 1497 BLUFFTON SC 29910 INFRASTRUCTURE REPAIR AND REPLACEMENT 1425532 LEAMINGTON POA PO BOX 6778 HILTON HEAD ISLAND SC 29938 PASS OFFICE ACTIVITY 617179 THE GREENERY INC PO BOX 6569 HILTON HEAD ISLAND SC 29938 LANDSCAPING 381576 NFP PO BOX 2045 BLUFFTON SC 29910 ADVISOR ON ANNUAL BUSINESS INSURANCE POL 262457 ISLAND BUGGY SERVICE INC 45 E MORNINGSIDE DR BLUFFTON SC 29910 ON DEMAND TRANSPORTATION SERVICE -PALMET 238168 7 USER FEES 531390 4947944 4947944 MEMBERSHIP DUES & ASSESSMENTS 531390 4486144 4486144 COMMUNITY ENHANCEMENT 531390 1455370 1455370 LATE FEES 531390 4139 4139 10893597 521372 521372 14 719 -14 -719 -733 -733 11414236 10893597 0 520639 754811 679330 75481 1710248 1539223 171025 132680 132680 513996 462596 51400 174348 156913 17435 45000 36000 9000 61407 49125 12282 50500 40400 10100 38033 34230 3803 46515 41864 4651 173195 164535 8660 7196 6475 721 4726 3781 945 1037943 986046 51897 246599 221940 24659 ADMINISTRATIVE SERVICES 1088399 1088399 LANDSCAPING 297142 297142 TRANSPORTATION 236434 224613 11821 UTILITIES 213461 202786 10675 394645 327182 67463 7227278 6562580 664698 0 2043966 1266721 130973 116671 5805 13980 11020 106816 29607595 8110257 20373491 21497338 14528936 19471753 521844 32829 37616035 42506108 405664 111326 216701 193688 1363784 1812038 1986149 2117052 X 24216680 27933470 7696416 7696416 3716790 4759170 35629886 40389056 37616035 42506108 4186958 572212 0 X 0 1 X 0 0 25089876 25089876 2056095 560733 1495362 194729 124359 70370 568621 438248 130373 1698274 6986917 -5288643 21497338 ACCRUED PAYROLL 477059 ARB COMPLIANCE 1061963 ASSESSMENTS RECEIVED IN ADVANCE 38454 UNEARNED PASS INCOME 234562 1812038 X 11986448 572212 572212 11414236 0 11414236 7227278 0 7227278 0 7227278 PART X, LINE 2: BEGINNING WITH THE YEAR ENDED DECEMBER 31, 2013, THE ASSOCIATION BEGAN FILING ITS FEDERAL INCOME TAX RETURN SUBJECT TO THE PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(4). IN ACCORDANCE WITH THE INTERNAL REVENUE SERVICE, THE ASSOCIATION IS RECOGNIZED AS A "SOCIAL WELFARE ORGANIZATION AND WILL PAY NO TAXES ON EXEMPT FUNCTION ACTIVITIES INCLUDING INVESTMENT EARNINGS. HOWEVER, THE NET INCOME FROM UNRELATED BUSINESS ACTIVITIES WILL BE SUBJECT TO TAXATION. THE ASSOCIATION DID NOT HAVE ANY INCOME TAX FROM UNRELATED BUSINESS ACTIVITY FOR THE YEAR ENDED DECEMBER 31, 2021. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX PROVISIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021. X X 0 0 0 0 0 0 0 0 0 ANDREW SCHUMACHER CEO 221884 0 33055 0 11916 0 15641 0 18739 0 301235 0 0 0 BEN BROWN DIRECTOR OF PLANNING 145934 0 20280 0 0 0 10089 0 6748 0 183051 0 0 0 GREENWOOD DEVELOPMENT CORPORATION BRANDON SMITH, DIRECTOR 22158 PURCHASED FUEL 0 GREENWOOD DEVELOPMENT CORPORATION BRANDON SMITH, DIRECTOR 20870 PAID RENT FOR MAINTENANCE 0 GREENWOOD DEVELOPMENT CORPORATION BRANDON SMITH, DIRECTOR 365892 RECEIVED ASSESSMENTS INCOME 0 GREENWOOD DEVELOPMENT CORPORATION BRANDON SMITH, DIRECTOR 249390 RECEIVED GATE PASS INCOME 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A HOMEOWNER'S ASSOCIATION CONSISTING OF 2,172 RESIDENTIAL LOTS AND 12 COMMERCIAL PROPERTIES. OWNERS ARE AUTOMATICALLY GRANTED MEMBERSHIP IN THE ASSOCIATION UPON PURCHASE OF THEIR LOT. FORM 990, PART VI, SECTION A, LINE 7A THREE MEMBERS OF THE BOARD OF DIRECTORS ARE ROTATED OFF THE BOARD EACH YEAR. THE NOMINATING COMMITTEE INTERVIEWS POSSIBLE BOARD OF DIRECTORS CANDIDATES AND RECOMMENDS THREE OF THE CANDIDATES. MEMBERS OF THE ASSOCIATION ARE WELCOME TO PETITION FOR NOMINATION TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B PROPERTY OWNERS HAVE THE EXCLUSIVE AUTHORITY TO AMEND AND/OR REPEAL BYLAWS AND ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ACCEPTS OR REJECTS THE ANNUAL BUDGET, APPROVES ASSESSMENTS, AND APPROVES BORROWING OF MONEY AND CERTAIN OTHER PROPERTY TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 8B PALMETTO DUNES PROPERTY OWNERS ASSOCIATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ALL DOCUMENTS OF THE MEETINGS AND WRITTEN ACTIONS ARE UNDERTAKEN BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND EDITS THE FORM 990 BEFORE PRESENTING A DRAFT TO THE FINANCE COMMITTEE. AFTER THE FINANCE COMMITTEE REVIEWS THE FORM 990 AT THEIR MONTHLY MEETING, THEY WILL MAKE A MOTION "THAT THE MEMBERS OF THE FINANCE COMMITTEE RECOMMEND THE PDPOA BOARD APPROVE THE 990 AS PRESENTED." DURING THE BOARD MEETING, THE TREASURER WILL PRESENT THE 990 AND THE MOTION FROM THE FINANCE COMMITTEE FOR BOARD CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT REVIEWS THE CONFLICT OF INTEREST POLICY ON A YEARLY BASIS. BOARD MEMBERS ARE REQUIRED TO SIGN THE POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE ENTIRE BOARD OF DIRECTORS PROVIDES INPUT TO THE GOALS/OBJECTIVES AND PERFORMANCE/METRICS REVIEW OF THE CHIEF EXECUTIVE OFFICER (CEO). THE PDPOA'S CHAIRMAN AND IMMEDIATE PAST CHAIRMAN PHYSICALLY CONDUCT THE REVIEW OF THE CEO'S PERFORMANCE IN JANUARY. THIS REVIEW INCLUDES THE CEO'S BASE SALARY. THE CEO'S BASE SALARY MAY BE INCREASED BASED ON, AMONG OTHER CONSIDERATIONS, ANY AVERAGE INCREASE IN WAGES APPROVED IN THE COMING OPERATING BUDGET. THE PDPOA BOARD IS BRIEFED ON THE CEO REVIEW POST-COMPLETION. IN ADDITION TO THE BASE SALARY, THE CEO MAY, IN PDPOA'S SOLE DISCRETION, BE ELIGIBLE TO RECEIVE A BONUS PAYMENT UPON RECOMMENDATION BY PDPOA'S EXECUTIVE COMMITTEE OR ITS DESIGNEE. FOR TOP MANAGEMENT, THE CEO REVIEWS THEIR PERFORMACE ON AN ANNUAL BASIS. ANNUALLY, MANAGEMENT PRESENTS A DETAILED OPERATING BUDGET TO THE FINANCE COMMITTEE. AFTER THE FINANCE COMMITTEE REVIEWS THE DETAILED OPERATING BUDGET, THE FINANCE COMMITTEE PRESENTS A CONSOLIDATED OPERATING BUDGET TO THE BOARD REQUESTING THEIR APPROVAL. SALARY EXPENSE IS A LINE ITEM IN THE OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT REQUESTS FROM BANKS AND OUTSIDE ORGANIZATIONS ARE MADE AVAILABLE UPON REQUEST.