Prince Athletic Association FY2022 filing

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Social Club for the Benefit of Members

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $26K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$847K
-31% vs prior year
Spent
$809K
To programs
100%
Net assets
$599K
By yearFY2020–FY2024
Revenue
$847K
FY2022▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$1.2M
FY2022$847K
FY2023$662K
FY2024$691K
Expenses
$809K
FY2022▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$471K
FY2021$1.1M
FY2022$809K
FY2023$683K
FY2024$753K
Net assets
$599K
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$429K
FY2021$562K
FY2022$599K
FY2023$578K
FY2024$516K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $809K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation
Club Stewart
$63,760Pt VII · Sec A
Treasurer
$31,980Pt VII · Sec A
Secretary
$7,740Pt VII · Sec A
Secretary
$7,580Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Seth Knaper$68,900$64,420$63,760——
Howard Sheeley———$60,560—
Tim Page$31,800$32,040$31,980$25,000—
Brad Stump$16,000$16,080$7,580—$7,500
Jim Kurtz—$16,080$7,740$7,440—
Bradley Stump———$7,880—
Tim Price————$7,500
Jeff Walton$2,136————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Prince Athletic Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides social activities and benefits for its members.

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1 program · $809K · in their own filed words · FY2022
01

Social club for the benefit of members.

$809Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$847K
Ln 12
Other incomeLn 4–11$818K
Gifts and grantsLn 1h$29K
Investment incomeLn 3$311
Money outPt IX
$809K
Ln 25
Programscol B$809K
Owns and owesPt X
$599K
net assets · Ln 32
Cash and savingsLn 1–2$225K
Total assetsLn 16$649K
LiabilitiesLn 26$50K
PeoplePt VI, VII
16
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Investment incomeLn 3$311
Other incomeLn 4–11$818K
Total revenueLn 12$847K
Assets in detailPt X, end of year
CashLn 1$164K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$225K
Inventories for sale or useLn 8$16K
Land, buildings, equipmentLn 10c$409K
Total assetsLn 16$649K
LiabilitiesLn 26$50K
Net assetsLn 32$599K
OperationsPt I, VI
EmployeesI 516
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$194K$225K
Land, buildings, equipmentLn 10c$361K$409K
Total assetsLn 16$562K$649K
LiabilitiesLn 26$0$50K
Net assetsLn 32$562K$599K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$111K
Other salaries and wagesLn 7$315K$315K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$2K$2K
Information technologyLn 14$470$470
OccupancyLn 16$67K$67K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$202K$202K
All other expensesLn 24e$37K$37K
Total functional expensesLn 25$809K$809K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 25, 2025 $691K$753K−$62K$516K 990 PDF
FY2023Filed with the IRS Oct 21, 2024 $662K$683K−$21K$578K 990 PDF
FY2022 ViewingFiled with the IRS May 25, 2023 $847K$809K$38K$599K 990 PDF
FY2021Filed with the IRS May 13, 2022 $1.2M$1.1M$115K$562K 990 PDF
FY2020Filed with the IRS May 13, 2021 $271K$471K−$200K$429K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $846,517 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,338$28,601
I-9 Program service revenue$0
I-10 Investment incomePrior year $129$311
I-11 Other revenuePrior year $1,185,700$817,605
I-12 Total revenuePrior year $1,218,167$846,517
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $454,680$426,078
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $648,188$382,561
I-18 Total expensesPrior year $1,102,868$808,639
I-19 Revenue less expensesPrior year $115,299$37,878
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $846,517 across 5 lines filed
Lines not itemized here account for $768,195 of total revenue; see the IRS return.
VIII-1b Membership dues$28,601
VIII-1h Total contributions, gifts and grants$28,601
VIII-3 Investment incomeUnrelated business $311$311
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49,410$49,410
VIII-12 Total revenueRelated to mission $815,566 · Unrelated business $2,350$846,517
Part IX · Statement of functional expenses $808,639 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $111,060$111,060
IX-7 Other salaries and wagesPrograms $315,018$315,018
IX-11b Legal feesPrograms $6,669$6,669
IX-11c Accounting feesPrograms $14,300$14,300
IX-13 Office expensesPrograms $1,952$1,952
IX-14 Information technologyPrograms $470$470
IX-16 OccupancyPrograms $66,534$66,534
IX-22 Depreciation, depletion and amortizationPrograms $36,114$36,114
IX-23 InsurancePrograms $17,595$17,595
IX-24 Other expenses (24a–d)Programs $201,622$201,622
IX-24e All other expensesPrograms $37,305$37,305
IX-25 Total functional expensesPrograms $808,639 · Management $0 · Fundraising $0$808,639
Part X · Balance sheet $649,389 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $113,350$163,593
X-2 Savings and temporary cash investmentsStart of year $80,908$61,017
X-8 Inventories for sale or useStart of year $6,010$15,500
X-10c Land, buildings and equipment, netStart of year $361,243$409,279
X-16 Total assetsStart of year $561,511$649,389
X-23 Secured mortgages and notes payable$50,000
X-26 Total liabilitiesStart of year $0$50,000
X-31 Retained earnings or endowmentStart of year $561,511$599,389
X-32 Total net assets or fund balancesStart of year $561,511$599,389
X-33 Total liabilities and net assetsStart of year $561,511$649,389
Part XI · Reconciliation of net assets $599,389 net assets at year end
XI-1 Total revenue$846,517
XI-2 Total expenses$808,639
XI-3 Revenue less expenses$37,878
XI-4 Net assets at start of year$561,511
XI-10 Net assets at end of year$599,389

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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