Leroy Springs & Company Inc
- Assets
- $107.3m
- Revenue
- $26.1m
- Investments
- $33.0m
- Employees
- 572
- Location
- Fort Mill, SC
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 57-0344121
Organization Overview
Leroy Springs & Company Inc is located in Fort Mill, SC. The organization was established in 1953. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Leroy Springs & Company Inc employed 572 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leroy Springs & Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Leroy Springs & Company Inc generated $26.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $15.9m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION, EFFECTIVELY LESSENING THE BURDENS OF GOVERNMENT, PROVIDES AND OPERATES FACILITIES AND OPEN SPACE IN ORDER TO PROMOTE THE PHYSICAL AND MENTAL HEALTH AND WELLNESS OF THE COMMUNITY AND FOSTER POSITIVE COMMUNITY VALUES. ITS HIGH QUALITY, AFFORDABLE PROGRAMS PROVIDE OPPORTUNITIES FOR ALL TO ENJOY RECREATIONAL, EDUCATIONAL, AND COMMUNITY ACTIVITIES, WHILE PRESERVING AND INTERPRETING LOCAL HISTORY AND ENCOURAGING ENVIRONMENTAL STEWARDSHIP. THOUGH WE EXPECT OUR PROGRAMS TO MOST BENEFIT THE INHABITANTS OF FORT MILL TOWNSHIP AND LANCASTER AND CHESTER COUNTIES, WE WELCOME ALL TO ENJOY OUR FACILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
LEROY SPRINGS & COMPANY, INC. WAS INCORPORATED ON NOVEMBER 23, 1938, UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA AS AN ELEEMOSYNARY CORPORATION. THE CORPORATION, EFFECTIVELY LESSENING THE BURDENS OF GOVERNMENT, PROVIDES AND OPERATES FACILITIES AND OPEN SPACE IN ORDER TO PROMOTE THE PHYSICAL AND MENTAL HEALTH AND WELLNESS OF THE COMMUNITY AND FOSTER POSITIVE COMMUNITY VALUES. ITS HIGH QUALITY,AFFORDABLE PROGRAMS PROVIDE OPPORTUNITIES FOR ALL TO ENJOY RECREATIONAL, EDUCATIONAL, AND COMMUNITY ACTIVITIES, WHILE PRESERVING AND INTERPRETING LOCAL HISTORY AND ENCOURAGING ENVIRONMENTAL STEWARDSHIP. THOUGH WE EXPECT OUR PROGRAMS TO MOSTLY BENEFIT THE INHABITANTS OF FORT MILL TOWNSHIP AND LANCASTER AND CHESTER COUNTIES, WE WELCOME ALL TO ENJOY OUR FACILITIES AND PROGRAMS.SUMMARY OF PARTICIPATION IN ACTIVITIES=============================================================ANN SPRINGS CLOSE GREENWAYATTENDANCE 296,889 (INCLUDES HIKING, TRAIL RUNNING, MOUNTAIN BIKING, EQUESTRIAN ACTIVITIES, DOG WALKING, KAYAKING, FISHING, CAMPING, PICNICS, COMMUNITY EVENTS, EDUCATION AND RECREATION PROGRAMS, CAMPS, AND FACILITY RENTAL PARTICIPATION)ANNE SPRINGS CLOSE GREENWAYTRAIL USERS - 167,390DOG WALKING - 32,315DOG PARK - 29,747BIKING - 19,925YOUTH (5-12) - 18,250CHILD (<4) - 12,465GATEWAY - 9,857OTHER - 2,840FISHING - 1,296COMMUNITY GARDEN - 1,432HORSE DAY RIDING - 817PHOTOGRAPHY - 555FLYERS AFTERSCHOOL PROGRAM (JANUARY - MARCH) - 675 AVERAGE PER WEEKFLYERS AFTERSCHOOL PROGRAM (SEPTEMBER - DECEMBER) - 700 AVERAGE PER WEEKAFTERSCHOOL ON THE GREENWAY (JANUARY - JUNE & SEPTEMBER - DECEMBER) - 65 AVERAGE PER WEEKASCG NATURE BASED PRESCHOOL - 46 AVERAGE PER WEEKOUTDOOR EXPLORERS CLUB (36 WEEKS) - 841 ASCG SUMMER CAMP - 2,170FLYERS SUMMER CAMP - 1,8992021 GOLF ROUNDSFORT MILL GOLF CLUB - 63,090SPRINGFIELD GOLF CLUB - 54,708LANCASTER GOLF CLUB - 32,589CHESTER GOLF CLUB - 36,220
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gordon President & CEO | OfficerTrustee | 40 | $197,754 |
Timothy W Patterson Former President & CEO | OfficerTrustee | 40 | $180,018 |
Deborah L Kiggans CFO | Officer | 40 | $152,255 |
Cheryl P Gall Vice President, Human Reso | Officer | 40 | $120,993 |
Cal Williams Director Of Golf | 40 | $104,418 | |
Elliott S Close Director, Chairman Of The | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paramount Pump Services Pump Station Installation And Maintenanc | 12/30/21 | $136,588 |
Southeastern Tree Tree Maintenance Service | 12/30/21 | $116,000 |
Knight's Lawn Care Inc Landscape Services | 12/30/21 | $244,165 |
Tcf Equipment Finance Lease For Golf Carts/equipment | 12/30/21 | $162,733 |
Smith Turf And Irrigation Irrigation Maintenance | 12/30/21 | $108,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,804 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,278,076 |
| Noncash contributions included in lines 1a–1f | $2,294,834 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,349,880 |
| Total Program Service Revenue | $15,824,222 |
| Investment income | $186,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $599,617 |
| Net Income from Fundraising Events | $29,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,145,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,136,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $350,009 |
| Compensation of current officers, directors, key employees. | $330,494 |
| Compensation to disqualified persons | $180,018 |
| Other salaries and wages | $6,625,824 |
| Pension plan accruals and contributions | $315,405 |
| Other employee benefits | $598,168 |
| Payroll taxes | $541,874 |
| Fees for services: Management | $218,635 |
| Fees for services: Legal | $23,705 |
| Fees for services: Accounting | $102,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,991 |
| Advertising and promotion | $122,909 |
| Office expenses | $979,094 |
| Information technology | $81,984 |
| Royalties | $0 |
| Occupancy | $405,816 |
| Travel | $27,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,371 |
| Interest | $123,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,728,427 |
| Insurance | $536,749 |
| All other expenses | -$5,773 |
| Total functional expenses | $15,873,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,182,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,838,300 |
| Accounts receivable, net | $1,857,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $153,237 |
| Prepaid expenses and deferred charges | $175,862 |
| Net Land, buildings, and equipment | $63,930,166 |
| Investments—publicly traded securities | $879 |
| Investments—other securities | $32,950,191 |
| Investments—program-related | $0 |
| Intangible assets | $193,375 |
| Other assets | $0 |
| Total assets | $107,281,566 |
| Accounts payable and accrued expenses | $1,451,413 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,406,326 |
| Total liabilities | $3,857,739 |
| Net assets without donor restrictions | $83,389,034 |
| Net assets with donor restrictions | $20,034,793 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,281,566 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Leroy Springs & Company Inc has recieved totaling $89,866.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $66,600 |
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $33,129,566 |
| Earnings | $2,385,090 |
| Net Contributions | $4,901,000 |
| Ending Balance | $40,415,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leroy Springs & Company Inc Fort Mill, SC | $107,281,566 | $26,136,313 |
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
South Carolina Recreation & Park Assn Lexington, SC | $477,206 | $427,370 |
Catalyst Sports Inc Atlanta, GA | $145,521 | $371,257 |
Southern Shores Civic Association Inc Southern Shores, NC | $879,382 | $290,968 |
Friends Of The Thread Trail Lagrange Ga Inc Lagrange, GA | $787,964 | $275,055 |
North Carolina Community Sailing Huntersville, NC | $292,445 | $245,757 |