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Prospectors INC FY2024 filing

Not tax-deductible

Reno, NV501(c)(7)EIN 88-0055355Revenue $1.2M in FY2024

On file with the IRSprospectorsclubreno.comPo Box 2390, 89505-2390 · Reno, NVTax-exempt since Dec 1977

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Nevada's finest and oldest private social club

$16K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$16K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$60K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+10% vs prior year
Spent
$1.2M
Net assets
$421K
By yearFY2020–FY2025
Revenue
$1.2M
FY2024▲ +10%
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
FY2024-0.3%
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
$421K
FY2024▲ +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 FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$15,600Pt VII · Sec A
$0Pt VII · Sec A
Rodger Stone
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Parker Stremmel
House Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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

Provides a private social club for members.

Provided by the organization

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1 program · in their own filed words · FY2023
01

Established in 1947, the Club provides its members a comfortable club room to meet with acquaintances & 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 formal, and additional special events.

Pt IX · col B

By the numbers

The FY2024 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
Investment incomeLn 3$1K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$421K
net assets · Ln 32
Cash and savingsLn 1–2$273K
Total assetsLn 16$481K
LiabilitiesLn 26$60K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$1K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$243K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$273K
Total assetsLn 16$481K
LiabilitiesLn 26$60K
Net assetsLn 32$421K
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 FY24End FY24
Cash and savingsLn 1–2$256K$273K
Total assetsLn 16$407K$481K
LiabilitiesLn 26$11K$60K
Net assetsLn 32$396K$421K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$16K
Other salaries and wagesLn 7$99K
Pension plan contributionsLn 8$3K
Other employee benefitsLn 9$24K
Payroll taxesLn 10$9K
Legal feesLn 11b$39
Accounting feesLn 11c$94K
Office expensesLn 13$14K
OccupancyLn 16$122K
Conferences, conventions and meetingsLn 19$46K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$728K
All other expensesLn 24e$2K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M−$3K$418K 990 PDF
FY2024 Viewing $1.2M$1.2M$23K$421K 990 PDF
FY2023 $1.1M$1.2M−$92K$396K 990 PDF
FY2022 $946K$1.1M−$122K$489K 990 PDF
FY2021 $477K$338K$139K$612K 990 PDF
FY2020 $1.0M$971K$67K$472K 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 FY2024 990 (6 parts)
Part I · Summary $1,189,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,069,231$1,197,748
I-10 Investment incomePrior year $1,103$1,187
I-11 Other revenuePrior year $6,456−$9,774
I-12 Total revenuePrior year $1,076,790$1,189,161
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $144,149$150,859
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,024,968$1,014,823
I-18 Total expensesPrior year $1,169,117$1,165,682
I-19 Revenue less expensesPrior year −$92,327$23,479
Part VI · Governance 10 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $1,189,161 across 3 lines filed
Lines not itemized here account for −$9,774 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,197,748$1,197,748
VIII-3 Investment incomeUnrelated business $1,187$1,187
VIII-12 Total revenueRelated to mission $1,187,974 · Unrelated business $1,187 · Excluded from tax $0$1,189,161
Part IX · Statement of functional expenses $1,165,682 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$15,600
IX-7 Other salaries and wages$99,334
IX-8 Pension plan contributions$2,658
IX-9 Other employee benefits$23,889
IX-10 Payroll taxes$9,378
IX-11b Legal fees$39
IX-11c Accounting fees$94,252
IX-13 Office expenses$13,582
IX-16 Occupancy$122,220
IX-19 Conferences, conventions and meetings$46,094
IX-23 Insurance$8,928
IX-24 Other expenses (24a–d)$728,024
IX-24e All other expenses$1,684
IX-25 Total functional expenses$1,165,682
Part X · Balance sheet $481,400 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $227,743$242,612
X-2 Savings and temporary cash investmentsStart of year $28,399$30,322
X-4 Accounts receivableStart of year $105,669$148,668
X-9 Prepaid expenses and deferred chargesStart of year $45,175$59,798
X-16 Total assetsStart of year $406,986$481,400
X-17 Accounts payable and accrued expensesStart of year $10,515$60,405
X-26 Total liabilitiesStart of year $10,515$60,405
X-27 Net assets without donor restrictionsStart of year $396,471$420,995
X-32 Total net assets or fund balancesStart of year $396,471$420,995
X-33 Total liabilities and net assetsStart of year $406,986$481,400
Part XI · Reconciliation of net assets $420,995 net assets at year end
XI-1 Total revenue$1,189,161
XI-2 Total expenses$1,165,682
XI-3 Revenue less expenses$23,479
XI-4 Net assets at start of year$396,471
XI-5 Net unrealized gains (losses) on investments$1,045
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$420,995

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

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