Sugar Springs Property Owners Association Inc
- Assets
- $5.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Gladwin, MI
- Founding
- 11/1977
- Data as of
- 12/2022
- EIN
- 51-0135724
Organization Overview
Sugar Springs Property Owners Association Inc is located in Gladwin, MI. The organization was established in 1977. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Sugar Springs Property Owners Association Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sugar Springs Property Owners Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Sugar Springs Property Owners Association Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS WITHIN THE BOUNDARIES OF THAT CERTAIN REAL ESTATE DEVELOPMENT SITUATED IN GLADWIN COUNTY, MICHIGAN, COMMONLY KNOWN AS "SUGAR SPRINGS- AND SUCH ADDITIONS THERTO AS MAY HEREAFTER BE BROUGHT WITHIN THE JURISDICTION OF THIS CORPORATION BY ANNEXATION, HEREAFTER REFERRED TO AS "THE PROPERTIES- AND FOR THIS PURPOSE TO: (A) PROVIDE FOR THE PROTECTION OF THE VALUES, AMENITIES AND QUALITIES IN THE DEVELOPMENT AND FOR THE MAINTENANCE, IMPROVEMENT, POLICING AND PRESERVATION OF COMMON PROPERTIES (GROUNDS OR OPEN SPACE, TRAILS, RECREATIONAL FACILITIES AND THE LIKE); (B) SUPPLEMENT MUNICIPAL SERVICES; (C) FIX ASSESSMENTS TO BE LEVIED AGAINST THE PROPERTIES; (D) ENFORCE ANY AND ALL COVENANTS, RESTRICTIONS AND AGREEMENTS APPLICABLE TO THE PROPERTIES; AND, (E) PAY TAXES, IF ANY, ON THE COMMON PROPERTIES; AND, (F) INSOFAR AS PERMITTED BY LAW, TO DO ANY OTHER THING THAT WILL PROMOTE THE COMMON BENEFIT AND ENJOYMENT OF THE RESIDENTS OF THE PROPERTI
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE BUILDINGS AND GROUNDS OF THE ASSOCIATION FOR THE CONVENIENCE OF THE ASSOCIATION'S MEMBERS AND FOR THE BENEFIT OF THE GENERAL PUBLIC.
TO OPERATE A RESTAURANT AND CLUBHOUSE FOR THE CONVENIENCE OF THE ASSOCIATION'S MEMBERS AS WELL AS FOR THE BENEFIT OF THE GENERAL PUBLIC.
TO OPERATE A GOLF COURSE AND PRO SHOP FOR THE CONVENIENCE OF THE ASSOCIATION'S MEMBERS AS WELL AS FOR THE BENEFIT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Harris General Mana | Officer | 40 | $79,039 |
Matt Schindler Treasurer | Officer | 40 | $59,123 |
Dale Dunham Board Member | Trustee | 1 | $0 |
Laura Gentry Secretary | OfficerTrustee | 1 | $0 |
John Hawkins Board Member | Trustee | 1 | $0 |
Tom Hug President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Lakes Bay Construction Construction | 12/30/20 | $623,710 |
Plm Lake & Land Management Lake Mgt | 12/30/20 | $232,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,993 |
| Total Program Service Revenue | $3,364,820 |
| Investment income | $2,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,416,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,545 |
| Compensation of current officers, directors, key employees. | $192,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,015,642 |
| Pension plan accruals and contributions | $24,795 |
| Other employee benefits | $89,770 |
| Payroll taxes | $141,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,193 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,933 |
| Advertising and promotion | $6,269 |
| Office expenses | $44,940 |
| Information technology | $10,754 |
| Royalties | $0 |
| Occupancy | $285,290 |
| Travel | $6,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,585 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,339 |
| Insurance | $0 |
| All other expenses | $293,513 |
| Total functional expenses | $3,092,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,405 |
| Savings and temporary cash investments | $1,777,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,572 |
| Prepaid expenses and deferred charges | $33,741 |
| Net Land, buildings, and equipment | $3,537,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,567 |
| Total assets | $5,468,284 |
| Accounts payable and accrued expenses | $100,849 |
| Grants payable | $0 |
| Deferred revenue | $18,195 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,501 |
| Total liabilities | $125,545 |
| Net assets without donor restrictions | $3,931,349 |
| Net assets with donor restrictions | $1,411,390 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,468,284 |