Leroy Springs & Company Inc
- Assets
- $103.6m
- Revenue
- $21.0m
- Investments
- $28.0m
- Employees
- 718
- Location
- Fort Mill, SC
- Founding
- 08/1953
- Data as of
- 12/2022
- EIN
- 57-0344121
Organization Overview
Leroy Springs & Company Inc is located in Fort Mill, SC. The organization was established in 1953. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Leroy Springs & Company Inc employed 718 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leroy Springs & Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Leroy Springs & Company Inc generated $21.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $18.1m during the year ending 12/2022. While expenses have increased by 6.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION, EFFECTIVELY LESSENING THE BURDENS OF GOVERNMENT, PROVIDES AND OPERATES FACILITIES AND OPEN SPACE IN ORDER TO PROMOTE THE PHYSICAL AND MENTAL HEALTH AND WELLNESS OF THE COMMUNITY AND FOSTER POSITIVE COMMUNITY VALUES. ITS HIGH QUALITY, AFFORDABLE PROGRAMS PROVIDE OPPORTUNITIES FOR ALL TO ENJOY RECREATIONAL, EDUCATIONAL, AND COMMUNITY ACTIVITIES, WHILE PRESERVING AND INTERPRETING LOCAL HISTORY AND ENCOURAGING ENVIRONMENTAL STEWARDSHIP. THOUGH WE EXPECT OUR PROGRAMS TO MOST BENEFIT THE INHABITANTS OF FORT MILL TOWNSHIP AND LANCASTER AND CHESTER COUNTIES, WE WELCOME ALL TO ENJOY OUR FACILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
LEROY SPRINGS & COMPANY, INC. WAS INCORPORATED ON NOVEMBER 23, 1938, UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA AS AN ELEEMOSYNARY CORPORATION. THE CORPORATION, EFFECTIVELY LESSENING THE BURDENS OF GOVERNMENT, PROVIDES AND OPERATES FACILITIES AND OPEN SPACE IN ORDER TO PROMOTE THE PHYSICAL AND MENTAL HEALTH AND WELLNESS OF THE COMMUNITY AND FOSTER POSITIVE COMMUNITY VALUES. ITS HIGH QUALITY,AFFORDABLE PROGRAMS PROVIDE OPPORTUNITIES FOR ALL TO ENJOY RECREATIONAL, EDUCATIONAL, AND COMMUNITY ACTIVITIES, WHILE PRESERVING AND INTERPRETING LOCAL HISTORY AND ENCOURAGING ENVIRONMENTAL STEWARDSHIP. THOUGH WE EXPECT OUR PROGRAMS TO MOSTLY BENEFIT THE INHABITANTS OF FORT MILL TOWNSHIP AND LANCASTER AND CHESTER COUNTIES, WE WELCOME ALL TO ENJOY OUR FACILITIES AND PROGRAMS.SUMMARY OF PARTICIPATION IN ACTIVITIES=============================================================ANN SPRINGS CLOSE GREENWAYATTENDANCE 317,251 (INCLUDES HIKING, TRAIL RUNNING, MOUNTAIN BIKING, EQUESTRIAN ACTIVITIES, DOG WALKING, KAYAKING, FISHING, CAMPING, PICNICS, COMMUNITY EVENTS, EDUCATION AND RECREATION PROGRAMS, CAMPS, AND FACILITY RENTAL PARTICIPATION)ANNE SPRINGS CLOSE GREENWAYTRAIL USERS 137,417DOG PARK 33,521DOG WALKING 29,766YOUTH 22,736BIKING 15,064OTHER 12,153GATEWAY 8,163COMMUNITY GARDEN 1,944FISHING 1,097HORSE RIDING 809PHOTOGRAPHY 714FLYERS AFTERSCHOOL PROGRAM (JANUARY - MARCH) - 663 PER WEEKFLYERS AFTERSCHOOL PROGRAM (SEPTEMBER - DECEMBER) - 679 PER WEEKAFTERSCHOOL ON THE GREENWAY (JANUARY - MAY) - 63 PER WEEKAFTERSCHOOL ON THE GREENWAY (AUGUST - DECEMBER) - 74 PER WEEKASCG NATURE BASED PRESCHOOL (JANUARY - JUNE) - 47 PER WEEKASCG NATURE BASED PRESCHOOL (SEPTEMBER - DECEMBER) - 56 PER WEEKASCG SUMMER CAMP & RESIDENT CAMP - 3,143FLYERS SUMMER CAMP - 2,8502022 GOLF ROUNDSFORT MILL GOLF CLUB 58,636SPRINGFIELD GOLF CLUB 51,168LANCASTER GOLF CLUB 32,062CHESTER GOLF CLUB 34,782
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crandall C Bowles Director | Trustee | 0.1 | $0 |
Elliott S Close Director, Chairman Of The | OfficerTrustee | 0.1 | $0 |
R Alexander Sullivan Secretary | OfficerTrustee | 0.1 | $0 |
Hw Close Director | Trustee | 0.1 | $0 |
W Dehler Hart Director | Trustee | 0.1 | $0 |
Andy Kane Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enviornmental Landscaping Inc Golf Bunker Project | 12/30/22 | $333,188 |
Matthews Construction Co Dam Repair And Gravel Services | 12/30/22 | $358,052 |
Huntington Lease For Golf Carts/equipment | 12/30/22 | $264,668 |
Knight's Lawn Care Inc Landscape Services | 12/30/22 | $204,117 |
Lanier Site Services Inc Dog Park Site Repairs | 12/30/22 | $169,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,583 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,120,673 |
| Noncash contributions included in lines 1a–1f | $91,711 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,223,256 |
| Total Program Service Revenue | $16,124,539 |
| Investment income | $231,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $849,252 |
| Net Income from Fundraising Events | $134,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,402,636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,965,396 |
| 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. | $420,702 |
| Compensation of current officers, directors, key employees. | $398,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,760,884 |
| Pension plan accruals and contributions | $360,254 |
| Other employee benefits | $758,418 |
| Payroll taxes | $611,602 |
| Fees for services: Management | $131,321 |
| Fees for services: Legal | $19,052 |
| Fees for services: Accounting | $129,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,127 |
| Advertising and promotion | $230,147 |
| Office expenses | $1,268,904 |
| Information technology | $98,283 |
| Royalties | $0 |
| Occupancy | $426,306 |
| Travel | $47,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,241 |
| Interest | $86,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,791,944 |
| Insurance | $571,276 |
| All other expenses | $61,297 |
| Total functional expenses | $18,138,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,219,482 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,700,573 |
| Accounts receivable, net | $5,280,922 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $241,934 |
| Prepaid expenses and deferred charges | $147,603 |
| Net Land, buildings, and equipment | $64,011,502 |
| Investments—publicly traded securities | -$125,191 |
| Investments—other securities | $27,956,073 |
| Investments—program-related | $0 |
| Intangible assets | $173,875 |
| Other assets | $0 |
| Total assets | $103,606,773 |
| Accounts payable and accrued expenses | $1,128,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,926,830 |
| Total liabilities | $3,054,974 |
| Net assets without donor restrictions | $79,357,745 |
| Net assets with donor restrictions | $21,194,054 |
| 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 | $103,606,773 |