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Prospectors INC

Not tax-deductible

Reno, NV501(c)(7)Mutual / membership EIN 88-0055355Revenue $1.2M in FY2025Latest return filed Apr 15, 2026

On file with the IRSprospectorsclubreno.comReno, NVTax-exempt since Dec 1977

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Nevada's finest and oldest private social club

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-0055355) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 9 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · 0.2% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 1% of spending
Pay to officers and key staff is 1% of spending.
Part VII, Section A
Cash reserves
4.0 mo
of spending, in cash
4.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
9
of 10 voting members
9 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.2M
+3% vs prior year
Spent
$1.2M
To programs
0%
Net assets
$418K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$477K
FY2022$946K
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Expenses
$1.2M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$971K
FY2021$338K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M
Net assets
$418K
FY2025▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$472K
FY2021$612K
FY2022$489K
FY2023$396K
FY2024$421K
FY2025$418K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1977.

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

Who runs it and what they're paid

10 people listed on the 990; $14K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$14,500Pt VII · Sec A
Kelly Bland
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Flowers
Director
$0Pt VII · Sec A
Paul Gordon
Director
$0Pt VII · Sec A
Julie Nobis
Director
$0Pt VII · Sec A
Courtney Sweet
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Rosenauer$14,500$15,600$15,600$15,600$15,600$15,600

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 Prospectors INC 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 15aNo

Programs and updates

Provides a private social club for members.

Questions for Prospectors INC

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1 program · in their own filed words · FY2024
01

Established in 1947 the club provides its members a comfortable club room to meet with acquiantances & clients for socializing and networking. It hosts many parties, dances and activities for its members. Current activities include golf tournaments, clay shoots, winter and spring dances, and additional special events.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-0055355) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$4K
Investment incomeLn 3$2K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$418K
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$446K
LiabilitiesLn 26$27K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$2K
Other incomeLn 4–11$4K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$308K
Cash and savings togetherLn 1–2$408K
Accounts receivableLn 4$21K
Prepaid expenses and deferred chargesLn 9$17K
Total assetsLn 16$446K
LiabilitiesLn 26$27K
Net assetsLn 32$418K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$273K$408K
Total assetsLn 16$481K$446K
LiabilitiesLn 26$60K$27K
Net assetsLn 32$421K$418K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$14K
Other salaries and wagesLn 7$107K
Pension plan contributionsLn 8$3K
Other employee benefitsLn 9$25K
Payroll taxesLn 10$11K
Legal feesLn 11b$271
Accounting feesLn 11c$72K
Office expensesLn 13$46K
OccupancyLn 16$28K
Conferences, conventions and meetingsLn 19$28K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$887K
Total functional expensesLn 25$1.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 15, 2026 $1.2M$1.2M−$3K$418K 990 PDF
FY2024Filed with the IRS Nov 20, 2024 $1.2M$1.2M$23K$421K 990 PDF
FY2023Filed with the IRS Mar 27, 2024 $1.1M$1.2M−$92K$396K 990 PDF
FY2022Filed with the IRS Mar 13, 2023 $946K$1.1M−$122K$489K 990 PDF
FY2021Filed with the IRS Apr 15, 2022 $477K$338K$139K$612K 990 PDF
FY2020Filed with the IRS Jan 11, 2021 $1.0M$971K$67K$472K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,228,978 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,197,748$1,223,274
I-10 Investment incomePrior year $1,187$1,825
I-11 Other revenuePrior year −$9,774$3,879
I-12 Total revenuePrior year $1,189,161$1,228,978
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $150,859$160,148
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,014,823$1,071,511
I-18 Total expensesPrior year $1,165,682$1,231,659
I-19 Revenue less expensesPrior year $23,479−$2,681
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $1,228,978 across 3 lines filed
Lines not itemized here account for $3,879 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,223,274$1,223,274
VIII-3 Investment incomeUnrelated business $1,825$1,825
VIII-12 Total revenueRelated to mission $1,227,153 · Unrelated business $1,825$1,228,978
Part IX · Statement of functional expenses $1,231,659 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$14,500
IX-7 Other salaries and wages$106,788
IX-8 Pension plan contributions$2,743
IX-9 Other employee benefits$24,795
IX-10 Payroll taxes$11,322
IX-11b Legal fees$271
IX-11c Accounting fees$71,821
IX-13 Office expenses$46,473
IX-16 Occupancy$27,564
IX-19 Conferences, conventions and meetings$28,051
IX-23 Insurance$10,593
IX-24 Other expenses (24a–d)$886,738
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,231,659
Part X · Balance sheet $445,584 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $242,612$99,623
X-2 Savings and temporary cash investmentsStart of year $30,322$307,947
X-4 Accounts receivableStart of year $148,668$21,151
X-9 Prepaid expenses and deferred chargesStart of year $59,798$16,863
X-16 Total assetsStart of year $481,400$445,584
X-17 Accounts payable and accrued expensesStart of year $47,611$4,249
X-25 Other liabilitiesStart of year $12,794$23,021
X-26 Total liabilitiesStart of year $60,405$27,270
X-27 Net assets without donor restrictionsStart of year $420,995$418,314
X-32 Total net assets or fund balancesStart of year $420,995$418,314
X-33 Total liabilities and net assetsStart of year $481,400$445,584
Part XI · Reconciliation of net assets $418,314 net assets at year end
XI-1 Total revenue$1,228,978
XI-2 Total expenses$1,231,659
XI-3 Revenue less expenses−$2,681
XI-4 Net assets at start of year$420,995
XI-10 Net assets at end of year$418,314

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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