Springlake Association INC FY2020 filing

Not tax-deductible

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

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

24¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
24%
of spending
Concern: 24% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.7 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
$191K
Spent
$213K
To programs
24%
Net assets
$607K
By yearFY2020–FY2024
Revenue
$191K
FY2020
Revenue by fiscal year
FY2020$191K
FY2021$219K
FY2022$241K
FY2023$214K
FY2024$104K
Expenses
$213K
FY2020
Expenses by fiscal year
FY2020$213K
FY2021$248K
FY2022$241K
FY2023$204K
FY2024$174K
Net assets
$607K
FY2020
Net assets by fiscal year
FY2020$607K
FY2021$591K
FY2022$575K
FY2023$595K
FY2024$525K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Nov 1997.

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

Where the money goes

24 cents of each dollar spent went to programs.

Program services 24% · $51K Management & general 76% · $162K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Chancellor
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Springlake Association INC executive salaries →

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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

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Other incomeLn 4–11$190K
Investment incomeLn 3$1K
Money outPt IX
$213K
Ln 25
Programscol B$51K
Managementcol C$162K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$314K
Total assetsLn 16$610K
LiabilitiesLn 26$3K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a274
IndependentVI 1b274
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Other incomeLn 4–11$190K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$312K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$314K
Land, buildings, equipmentLn 10c$296K
Total assetsLn 16$610K
LiabilitiesLn 26$3K
Net assetsLn 32$607K
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 FY20End FY20
Cash and savingsLn 1–2$298K$314K
Land, buildings, equipmentLn 10c$1.2M$296K
Total assetsLn 16$1.5M$610K
LiabilitiesLn 26$5K$3K
Net assetsLn 32$1.5M$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Other salaries and wagesLn 7$41K$0$41K$0
Other employee benefitsLn 9$1K$0$1K$0
Accounting feesLn 11c$1K$0$1K$0
Office expensesLn 13$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$48K$0$48K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$32K$0$32K$0
All other expensesLn 24e$34K$0$34K$0
Total functional expensesLn 25$213K$51K$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $191K$213K−$22K$607K 990 PDF

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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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $191,210 across 4 lines filed
Lines not itemized here account for $4,228 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,014
VIII-6 Net rental income or lossRelated to mission $185,868$185,868
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100 · Unrelated business $0 · Excluded from tax $0$100
VIII-12 Total revenueRelated to mission $191,210 · Unrelated business $0 · Excluded from tax $0$191,210
Part IX · Statement of functional expenses $212,909 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $51,000$51,000
IX-7 Other salaries and wagesPrograms $0 · Management $41,103 · Fundraising $0$41,103
IX-9 Other employee benefitsPrograms $0 · Management $1,331 · Fundraising $0$1,331
IX-11c Accounting feesPrograms $0 · Management $1,200 · Fundraising $0$1,200
IX-13 Office expensesPrograms $0 · Management $2,296 · Fundraising $0$2,296
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $47,904 · Fundraising $0$47,904
IX-23 InsurancePrograms $0 · Management $2,628 · Fundraising $0$2,628
IX-24 Other expenses (24a–d)Programs $0 · Management $31,526 · Fundraising $0$31,526
IX-24e All other expensesPrograms $0 · Management $33,921 · Fundraising $0$33,921
IX-25 Total functional expensesPrograms $51,000 · Management $161,909 · Fundraising $0$212,909
Part X · Balance sheet $609,752 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $296,308$312,423
X-2 Savings and temporary cash investmentsStart of year $1,461$1,461
X-10c Land, buildings and equipment, netStart of year $1,185,272$295,868
X-16 Total assetsStart of year $1,483,041$609,752
X-17 Accounts payable and accrued expensesStart of year $4,855$2,810
X-26 Total liabilitiesStart of year $4,855$2,810
X-32 Total net assets or fund balancesStart of year $1,478,186$606,942
X-33 Total liabilities and net assetsStart of year $1,483,041$609,752
Part XI · Reconciliation of net assets $606,942 net assets at year end
XI-1 Total revenue$191,210
XI-2 Total expenses$212,909
XI-3 Revenue less expenses−$21,699
XI-4 Net assets at start of year$1,478,186
XI-10 Net assets at end of year$606,942

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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