Spring Creek Association FY2023 filing

Not tax-deductible

Spring Creek, NV501(c)(4)Since 1983HousingEIN 88-0186918Revenue $8.6M in FY2023

On file with the IRSspringcreeknv.org401 Fairway Blvd, 89815-6005 · Spring Creek, NVTax-exempt since Sep 2002

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To promote the common good and social welfare of all of its residents and the community.

78¢ of each $1 spent went to programs.
$286K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
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
3 of 5
filings with a surplus
Average surplus $375K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$286K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.6M
+49% vs prior year
Spent
$6.7M
To programs
78%
Net assets
$12.2M
By yearFY2020–FY2024
Revenue
$8.6M
FY2023▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$5.7M
FY2022$5.7M
FY2023$8.6M
FY2024$7.3M
Expenses
$6.7M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.5M
FY2022$6.1M
FY2023$6.7M
FY2024$6.9M
Net assets
$12.2M
FY2023▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.4M
FY2021$10.6M
FY2022$10.2M
FY2023$12.2M
FY2024$12.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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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 Sep 2002.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $5.2M Management & general 22% · $1.4M

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

11 people listed on the 990; $286K paid to officers and key staff.

Part VII, Section A · reportable compensation
Corporate President
$159,494Pt VII · Sec A
Corporate Treasurer & Secr
$126,940Pt VII · Sec A
Director (beg June 2023)
$0Pt VII · Sec A
Director (beg June 2023)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until June 2023)
$0Pt VII · Sec A

Jessie Bahr’s $169K as Corporate President is at the 78th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jessie Bahr$169,062$159,494$157,795$148,773$135,910
Kristine Austin-Preston$127,788$126,940$119,235$106,756$112,655

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 15aYes

Programs and updates

Improves community well-being and promotes the common good for all residents.

Questions for Spring Creek Association

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Provided by the organization

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2 programs · $5.2M · in their own filed words · FY2023
01

Maintenance and Operation of Recreational Facilities

all recreational facilities are open for public use.

$2.7Mprogram expense
02

Road Construction and Maintenance

the association regularly maintains 144 miles of roads and street rights-of-way throughout their grounds and accessible to the public. By doing this, the Association has lessened the burden of local government.

$2.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8.6M
Ln 12
Fees for servicesLn 2g$5.8M
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$108K
Money outPt IX
$6.7M
Ln 25
Programscol B$5.2M
Managementcol C$1.4M
Owns and owesPt X
$12.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$14.1M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$2.7M
Noncash giftsLn 1g$85K
Fees for servicesLn 2g$5.8M
Investment incomeLn 3$108K
Gains on assetsLn 7−$875
Total revenueLn 12$8.6M
Assets in detailPt X, end of year
CashLn 1$244K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.2M
Land, buildings, equipmentLn 10c$9.5M
Other assetsLn 15$7K
Total assetsLn 16$14.1M
LiabilitiesLn 26$1.9M
Net assetsLn 32$12.2M
OperationsPt I, VI
EmployeesI 578
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$4.3M$4.2M
Land, buildings, equipmentLn 10c$7.6M$9.5M
Total assetsLn 16$12.3M$14.1M
LiabilitiesLn 26$2.1M$1.9M
Net assetsLn 32$10.2M$12.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$325K$325K
Other salaries and wagesLn 7$1.5M$1.2M$232K
Pension plan contributionsLn 8$59K$53K$6K
Other employee benefitsLn 9$219K$189K$30K
Payroll taxesLn 10$155K$108K$47K
Legal feesLn 11b$266K$266K
Other fees for servicesLn 11g$247K$155K$92K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$40K$2K$38K
TravelLn 17$3K$632$2K
Depreciation, depletion and amortizationLn 22$705K$705K
InsuranceLn 23$477K$160K$317K
Other expenses (24a–d)Ln 24$2.4M$2.4M$36K
All other expensesLn 24e$249K$200K$49K
Total functional expensesLn 25$6.7M$5.2M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$6.9M$383K$12.6M 990 PDF
FY2023 Viewing $8.6M$6.7M$1.9M$12.2M 990 PDF
FY2022 $5.7M$6.1M−$372K$10.2M 990 PDF
FY2021 $5.7M$5.5M$158K$10.6M 990 PDF
FY2020 $5.1M$5.3M−$227K$10.4M 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 FY2023 990 (6 parts)
Part I · Summary $8,583,781 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $196,306$2,668,267
I-9 Program service revenuePrior year $5,390,754$5,821,940
I-10 Investment incomePrior year $150,832$107,903
I-11 Other revenuePrior year $4,344−$14,329
I-12 Total revenuePrior year $5,742,236$8,583,781
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 $2,085,183$2,233,562
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,029,467$4,419,848
I-18 Total expensesPrior year $6,114,650$6,653,410
I-19 Revenue less expensesPrior year −$372,414$1,930,371
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,583,781 across 8 lines filed
Lines not itemized here account for $408,766 of total revenue; see the IRS return.
VIII-1e Government grants$2,668,267
VIII-1g Noncash contributions (included above)$85,000
VIII-1h Total contributions, gifts and grants$2,668,267
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,413,174$5,413,174
VIII-3 Investment incomeExcluded from tax $108,778$108,778
VIII-6 Net rental income or lossUnrelated business −$14,695 · Excluded from tax $366−$14,329
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$875−$875
VIII-12 Total revenueRelated to mission $5,821,940 · Unrelated business −$14,695 · Excluded from tax $108,269$8,583,781
Part IX · Statement of functional expenses $6,653,410 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $324,508$324,508
IX-7 Other salaries and wagesPrograms $1,244,291 · Management $231,591$1,475,882
IX-8 Pension plan contributionsPrograms $53,099 · Management $6,139$59,238
IX-9 Other employee benefitsPrograms $188,707 · Management $29,975$218,682
IX-10 Payroll taxesPrograms $108,010 · Management $47,242$155,252
IX-11b Legal feesManagement $265,686$265,686
IX-11g Other fees for servicesPrograms $154,808 · Management $92,399$247,207
IX-12 Advertising and promotionManagement $5,086$5,086
IX-13 Office expensesPrograms $1,854 · Management $37,789$39,643
IX-17 TravelPrograms $632 · Management $1,927$2,559
IX-22 Depreciation, depletion and amortizationPrograms $705,053$705,053
IX-23 InsurancePrograms $160,370 · Management $316,731$477,101
IX-24 Other expenses (24a–d)Programs $2,392,799 · Management $35,550$2,428,349
IX-24e All other expensesPrograms $200,212 · Management $48,952$249,164
IX-25 Total functional expensesPrograms $5,209,835 · Management $1,443,575 · Fundraising $0$6,653,410
Part X · Balance sheet $14,131,446 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $57,051$243,893
X-2 Savings and temporary cash investmentsStart of year $4,225,037$3,985,693
X-4 Accounts receivableStart of year $181,820$266,771
X-8 Inventories for sale or useStart of year $52,372$36,736
X-9 Prepaid expenses and deferred chargesStart of year $107,793$114,202
X-10c Land, buildings and equipment, netStart of year $7,645,012$9,476,724
X-15 Other assetsStart of year $7,427$7,427
X-16 Total assetsStart of year $12,276,512$14,131,446
X-17 Accounts payable and accrued expensesStart of year $472,843$269,248
X-19 Deferred revenueStart of year $1,616,700$1,644,623
X-25 Other liabilitiesStart of year $5,160$5,460
X-26 Total liabilitiesStart of year $2,094,703$1,919,331
X-27 Net assets without donor restrictionsStart of year −$671,054−$2,696
X-28 Net assets with donor restrictionsStart of year $10,852,863$12,214,811
X-32 Total net assets or fund balancesStart of year $10,181,809$12,212,115
X-33 Total liabilities and net assetsStart of year $12,276,512$14,131,446
Part XI · Reconciliation of net assets $12,212,115 net assets at year end
XI-1 Total revenue$8,583,781
XI-2 Total expenses$6,653,410
XI-3 Revenue less expenses$1,930,371
XI-4 Net assets at start of year$10,181,809
XI-8 Prior period adjustments$99,935
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,212,115

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

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