Spring Creek Association
- Assets
- $12.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 86
- Location
- Spring Creek, NV
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 88-0186918
Organization Overview
Spring Creek Association is located in Spring Creek, NV. The organization was established in 2002. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Spring Creek Association employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Creek Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Spring Creek Association generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON GOOD AND SOCIAL WELFARE OF ALL OF ITS RESIDENTS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF RECREATIONAL FACILITIES - ALL RECREATIONAL FACILITIES ARE OPEN FOR PUBLIC USE.
ROAD CONSTRUCTION AND MAINTENANCE - THE ASSOCIATION REGULARLY MAINTAINS 144 MILES OF ROADS AND STREET RIGHTS-OF-WAY THROUGHOUT THEIR GROUNDS AND ACCESSIBLE TO THE PUBLIC. BY DOING THIS, THE ASSOCIATION HAS LESSENED THE BURDEN OF LOCAL GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Featherston Chair | OfficerTrustee | 1 | $0 |
Tom Hannum Vice Chair | OfficerTrustee | 1 | $0 |
Joshua Park Director | Trustee | 1 | $0 |
Karl Young Director | Trustee | 1 | $0 |
Molly Popp Director | Trustee | 1 | $0 |
Jake Reed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shilon Corporation Road Work | 12/30/21 | $481,343 |
Staker & Parson Corp Road Work | 12/30/21 | $242,291 |
Priefert Rodeo & Ranch Equipment Construction | 12/30/21 | $237,473 |
Mcconnell Law Legal | 12/30/21 | $266,412 |
Remington Construction Construction | 12/30/21 | $188,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,306 |
| Total Program Service Revenue | $5,390,754 |
| Investment income | $8,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,344 |
| Net Gain/Loss on Asset Sales | $142,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,742,236 |
| 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. | $318,317 |
| Compensation of current officers, directors, key employees. | $318,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,312,838 |
| Pension plan accruals and contributions | $41,534 |
| Other employee benefits | $267,481 |
| Payroll taxes | $145,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $268,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,356 |
| Advertising and promotion | $12,429 |
| Office expenses | $48,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $570,212 |
| Insurance | $402,801 |
| All other expenses | $261,489 |
| Total functional expenses | $6,114,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,051 |
| Savings and temporary cash investments | $4,225,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,372 |
| Prepaid expenses and deferred charges | $107,793 |
| Net Land, buildings, and equipment | $7,645,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,427 |
| Total assets | $12,276,512 |
| Accounts payable and accrued expenses | $472,843 |
| Grants payable | $0 |
| Deferred revenue | $1,616,700 |
| 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 | $5,160 |
| Total liabilities | $2,094,703 |
| Net assets without donor restrictions | -$671,054 |
| Net assets with donor restrictions | $10,852,863 |
| 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 | $12,276,512 |