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Springlake Association INC

Not tax-deductible

Farmers Brnch, TXMutual-benefit / member-servingEIN 75-2576102

To hold and manage the fixed assets of a 501(c)(8) organization

52¢ of each $1 spent went to programs.
Run by 265 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 $22K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
274
of 274 voting members
Looks good: 274 of 274 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
-51% vs prior year
Spent
$174K
To programs
52%
Net assets
$525K
By yearFY2020–FY2024
Revenue
$104K
FY2024▼ -51%
Revenue by fiscal year
FY2020$191K
FY2021$219K
FY2022$241K
FY2023$214K
FY2024$104K
Expenses
$174K
FY2024▼ -14%
Expenses by fiscal year
FY2020$213K
FY2021$248K
FY2022$241K
FY2023$204K
FY2024$174K
Net assets
$525K
FY2024▼ -12%
Net assets by fiscal year
FY2020$607K
FY2021$591K
FY2022$575K
FY2023$595K
FY2024$525K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1997.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $90K Management & general 48% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Verdiguel
Vice President
$0Pt VII · Sec A
Eric Yahoudy
Secretary
$0Pt VII · Sec A
Bill Woster
Treasurer
$0Pt VII · Sec A
See Springlake Association INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aNo

Programs and updates

Manages and holds fixed assets for a 501(c)(8) organization.

Provided by the organization

This section is blank until Springlake Association INC claims this page.

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $281K · 2021–2024
5052 Fr Emil Platte CouncilTX · FY2024$90,000
5052 Fr Emil Platte CouncilTX · FY2023$50,325
5052 Fr Emil Platte CouncilTX · FY2022$66,045
5052 Fr Emil Platte CouncilTX · FY2021$74,449

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$104K
Ln 12
Other incomeLn 4–11$79K
Investment incomeLn 3$25K
Money outPt IX
$174K
Ln 25
Programscol B$90K
Managementcol C$84K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$527K
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a274
IndependentVI 1b274
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$25K
Other incomeLn 4–11$79K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$70K
Cash and savings togetherLn 1–2$70K
InvestmentsLn 11–13$337K
Land, buildings, equipmentLn 10c$120K
Total assetsLn 16$527K
LiabilitiesLn 26$3K
Net assetsLn 32$525K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6265
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 FY24End FY24
Cash and savingsLn 1–2$121K$70K
InvestmentsLn 11–13$310K$337K
Land, buildings, equipmentLn 10c$168K$120K
Total assetsLn 16$610K$527K
LiabilitiesLn 26$15K$3K
Net assetsLn 32$595K$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90K$90K
Other salaries and wagesLn 7$49K$0$49K$0
Payroll taxesLn 10$4K$0$4K$0
Legal feesLn 11b$200$0$200$0
Accounting feesLn 11c$2K$0$2K$0
Other fees for servicesLn 11g$1K$0$1K$0
Office expensesLn 13$4K$0$4K$0
OccupancyLn 16$17K$0$17K$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$4K$0$4K$0
Total functional expensesLn 25$174K$90K$84K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $104K$174K−$70K$525K 990 PDF
FY2023 $214K$204K$10K$595K 990 PDF
FY2022 $241K$241K$462$575K 990 PDF
FY2021 $219K$248K−$29K$591K 990 PDF
FY2020 $191K$213K−$22K$607K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $103,773 across 3 lines filed
Lines not itemized here account for −$609 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $24,604$24,604
VIII-6 Net rental income or lossRelated to mission $79,778$79,778
VIII-12 Total revenueRelated to mission $79,169 · Unrelated business $0 · Excluded from tax $24,604$103,773
Part IX · Statement of functional expenses $174,255 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $90,375$90,375
IX-7 Other salaries and wagesPrograms $0 · Management $49,020 · Fundraising $0$49,020
IX-10 Payroll taxesPrograms $0 · Management $4,449 · Fundraising $0$4,449
IX-11b Legal feesPrograms $0 · Management $200 · Fundraising $0$200
IX-11c Accounting feesPrograms $0 · Management $1,810 · Fundraising $0$1,810
IX-11g Other fees for servicesPrograms $0 · Management $1,425 · Fundraising $0$1,425
IX-13 Office expensesPrograms $0 · Management $3,740 · Fundraising $0$3,740
IX-16 OccupancyPrograms $0 · Management $17,285 · Fundraising $0$17,285
IX-23 InsurancePrograms $0 · Management $2,157 · Fundraising $0$2,157
IX-24 Other expenses (24a–d)Programs $0 · Management $3,794 · Fundraising $0$3,794
IX-25 Total functional expensesPrograms $90,375 · Management $83,880 · Fundraising $0$174,255
Part X · Balance sheet $527,159 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $121,458$70,264
X-10c Land, buildings and equipment, netStart of year $168,052$120,148
X-11 Publicly traded securitiesStart of year $310,424$336,747
X-16 Total assetsStart of year $609,897$527,159
X-17 Accounts payable and accrued expensesStart of year $14,910$2,654
X-26 Total liabilitiesStart of year $14,910$2,654
X-32 Total net assets or fund balancesStart of year $594,987$524,505
X-33 Total liabilities and net assetsStart of year $609,897$527,159
Part XI · Reconciliation of net assets $524,505 net assets at year end
XI-1 Total revenue$103,773
XI-2 Total expenses$174,255
XI-3 Revenue less expenses−$70,482
XI-4 Net assets at start of year$594,987
XI-10 Net assets at end of year$524,505

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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