The Springs Club Inc
- Assets
- $0.0
- Revenue
- -$3.6m
- Investments
- $0.0
- Employees
- 144
- Location
- Rancho Mirage, CA
- Founding
- 07/1984
- Data as of
- 09/2020
- EIN
- 95-3063299
Organization Overview
The Springs Club Inc is located in Rancho Mirage, CA. The organization was established in 1984. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2020, Springs Club Inc employed 144 individuals. Springs Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SPRINGS CLUB, INC. IS A NON-PROFIT, 501 (C) (7) PRIVATE COUNTRY CLUB WHICH PROVIDES FOOD, BEVERAGE, GOLF, RECREATION AND SOCIAL ACTIVITIES TO ITS MEMBERSHIP AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRINGS CLUB, INC. IS A NON-PROFIT, 501 (C) (7) PRIVATE COUNTRY CLUB WHICH PROVIDES FOOD, BEVERAGE, GOLF, RECREATION AND SOCIAL ACTIVITIES TO ITS MEMBERSHIP AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Gubman President | OfficerTrustee | 10 | $0 |
John Folsom Vp/treasurer | OfficerTrustee | 4 | $0 |
Larry Morris Secretary | OfficerTrustee | 4 | $0 |
Judy Renius Director | Trustee | 4 | $0 |
Jill Miller Director | Trustee | 4 | $0 |
Ron Haedt Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $397,531 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,952,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$45,599 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$3,600,868 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,208 |
| Pension plan accruals and contributions | $2,383 |
| Other employee benefits | $26,057 |
| Payroll taxes | $18,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $1,397 |
| Office expenses | $0 |
| Information technology | $18,340 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,565 |
| Insurance | $15,276 |
| All other expenses | $98,633 |
| Total functional expenses | $809,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
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