philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Springlake Association INC FY2023 filing

Not tax-deductible

Farmers Brnch, TXMutual-benefit / member-servingEIN 75-2576102Revenue $214K in FY2023

On file with the IRS2280 Springlake Rd Ste 100, 75234-5830 · Farmers Brnch, TXTax-exempt since Nov 1997

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

25¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
2% of total assets
Looks good: liabilities are 2% 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
$214K
-11% vs prior year
Spent
$204K
To programs
25%
Net assets
$595K
By yearFY2020–FY2024
Revenue
$214K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$191K
FY2021$219K
FY2022$241K
FY2023$214K
FY2024$104K
Expenses
$204K
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$213K
FY2021$248K
FY2022$241K
FY2023$204K
FY2024$174K
Net assets
$595K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$607K
FY2021$591K
FY2022$575K
FY2023$595K
FY2024$525K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

25 cents of each dollar spent went to programs.

Program services 25% · $50K Management & general 75% · $153K

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

Something off? Claim to add context

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 →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Springlake Association INC

Tap to ask. Springlake Association INC sees how many people are interested.

Your first name shows with your question. Springlake Association INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$214K
Ln 12
Other incomeLn 4–11$208K
Investment incomeLn 3$5K
Money outPt IX
$204K
Ln 25
Programscol B$50K
Managementcol C$153K
Owns and owesPt X
$595K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$610K
LiabilitiesLn 26$15K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a274
IndependentVI 1b274
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Other incomeLn 4–11$208K
Total revenueLn 12$214K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
InvestmentsLn 11–13$310K
Land, buildings, equipmentLn 10c$168K
Total assetsLn 16$610K
LiabilitiesLn 26$15K
Net assetsLn 32$595K
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 FY23End FY23
Cash and savingsLn 1–2$372K$121K
InvestmentsLn 11–13$310K
Land, buildings, equipmentLn 10c$214K$168K
Total assetsLn 16$586K$610K
LiabilitiesLn 26$12K$15K
Net assetsLn 32$575K$595K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Other salaries and wagesLn 7$52K$0$52K$0
Payroll taxesLn 10$13K$0$13K$0
Accounting feesLn 11c$1K$0$1K$0
Office expensesLn 13$4K$0$4K$0
Depreciation, depletion and amortizationLn 22$48K$0$48K$0
InsuranceLn 23$13K$0$13K$0
Other expenses (24a–d)Ln 24$15K$0$15K$0
All other expensesLn 24e$7K$0$7K$0
Total functional expensesLn 25$204K$50K$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $104K$174K−$70K$525K 990 PDF
FY2023 Viewing $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

More to add? 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 FY2023 990 (6 parts)
Part I · Summary $213,871 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $553$5,398
I-11 Other revenuePrior year $240,576$208,473
I-12 Total revenuePrior year $241,129$213,871
I-13 Grants and similar amounts paidPrior year $66,045$50,325
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,569$64,910
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,053$88,267
I-18 Total expensesPrior year $240,667$203,502
I-19 Revenue less expensesPrior year $462$10,369
Part VI · Governance 274 of 274 board members independent, 4 to look at
VI-1a Voting members of the governing body274
VI-1b Independent voting members274
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $213,871 across 4 lines filed
Lines not itemized here account for −$460 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $5,398$5,398
VIII-6 Net rental income or lossRelated to mission $206,493$206,493
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,440 · Unrelated business $0 · Excluded from tax $0$2,440
VIII-12 Total revenueRelated to mission $208,473 · Unrelated business $0 · Excluded from tax $5,398$213,871
Part IX · Statement of functional expenses $203,502 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $50,325$50,325
IX-7 Other salaries and wagesPrograms $0 · Management $51,664 · Fundraising $0$51,664
IX-10 Payroll taxesPrograms $0 · Management $13,246 · Fundraising $0$13,246
IX-11c Accounting feesPrograms $0 · Management $1,470 · Fundraising $0$1,470
IX-13 Office expensesPrograms $0 · Management $4,136 · Fundraising $0$4,136
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $47,904 · Fundraising $0$47,904
IX-23 InsurancePrograms $0 · Management $12,805 · Fundraising $0$12,805
IX-24 Other expenses (24a–d)Programs $0 · Management $15,293 · Fundraising $0$15,293
IX-24e All other expensesPrograms $0 · Management $6,659 · Fundraising $0$6,659
IX-25 Total functional expensesPrograms $50,325 · Management $153,177 · Fundraising $0$203,502
Part X · Balance sheet $609,897 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $372,294$121,458
X-4 Accounts receivable$9,963
X-10c Land, buildings and equipment, netStart of year $214,010$168,052
X-11 Publicly traded securities$310,424
X-16 Total assetsStart of year $586,304$609,897
X-17 Accounts payable and accrued expensesStart of year $11,649$14,910
X-26 Total liabilitiesStart of year $11,649$14,910
X-32 Total net assets or fund balancesStart of year $574,655$594,987
X-33 Total liabilities and net assetsStart of year $586,304$609,897
Part XI · Reconciliation of net assets $594,987 net assets at year end
XI-1 Total revenue$213,871
XI-2 Total expenses$203,502
XI-3 Revenue less expenses$10,369
XI-4 Net assets at start of year$574,655
XI-9 Other changes in net assets$9,963
XI-10 Net assets at end of year$594,987

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.