Sugar Springs Property Owners Association Inc

The information for Sugar Springs Property Owners Association Inc is as of the organization's most recent filing in December 2019. This organization is located in Gladwin, MI. It has been in existence for 42 years, following its founding in 1977.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Sugar Springs Property Owners Association Inc's NTEE code is L50. The "L" tells us that the organization is classified along with Housing & Shelter. The "50" tells us that the organization is a Homeowners & Tenants Associations. The NTEE describes Homeowners & Tenants Associations as organizations that serve the interests of the community as a whole and provide services which meet the needs of people who own or rent apartments, condominiums, townhomes, mobile home parks or other housing complexes who are their members.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(4) organization. The IRS describes these organizations as Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.

The mission of the Sugar Springs Property Owners Association Inc is to promote the health, safety, and welfare of the residents within the boundaries of the certain real estate development situated in Gladwin County, Michigan. This includes providing for the protection of the values, amenities, and qualities in the development, supplementing municipal services, fixing assessments to be levied against the properties, enforcing any and all covenants, restrictions, and agreements applicable to the properties, and, in so far as permitted by law, to do any other thing that will promote the common benefit and enjoyment of the residents of the properties.

Program Areas

Program Area 1: The Association maintains its buildings and grounds for the convenience of its members and for the benefit of the general public.

Program Area 2: This program area is dedicated to operating a restaurant and clubhouse for the convenience of the association’s members as well as the benefit of the general public.

Program Area 3: This program area is dedicated to operating a golf course and pro shop for the convenience of the association’s members and the benefit of the general public.

Organization Staffing

Sugar Springs Property Owners Association Inc is run by Jim Issitt, who is the President. The organization has 83 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 8 volunteers.

Board Governance

The Sugar Springs Property Owners Association Inc is well-governed with 8 voting members, all of whom are independent. Potential conflicts of interest are not present, and the organization has not delegated management to an outside firm. Board meetings are documented, as are committee meetings. The organization has a conflict of interest policy and requires disclosure of conflicts. A written whistleblower policy is not present, but the organization does have a document retention policy. Leadership and officer salaries are substantiated and reviewed, and the organization provides copies of the 990 to the board prior to filing. Overall, the Sugar Springs Property Owners Association Inc is well-governed and able to ensure transparency and accountability.

Organization Growth

Overall, the Sugar Springs Property Owners Association Inc has seen growth over the given time period. Its program service revenue, total revenue, employee salaries, and total expenses all increased, although its contributions and grants received, investment income, other revenue, total employees, and total volunteers all decreased.