Public Charity

SUGAR SPRINGS PROPERTY OWNERS ASSOCIATION

Based in GLADWIN, MI, SUGAR SPRINGS PROPERTY OWNERS ASSOCIATION operates as a Public Charity. The organization reported $3.7M in revenue, $3.5M in expenses, $5.9M in total assets for fiscal year 2024.

EIN: 510135724 GLADWIN, MI Latest filing: 2024
Total Revenue$3.7M
Total Expenses$3.5M
Total Assets$5.9M
Grant Records0
Filing Years2019–2024

Mission

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

Where $100 goes at Sugar Springs Property Owners Association

How Sugar Springs Property Owners Association divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$82 Programs the work itself
$18 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $82 for programs

$33
To operate a restaurant and clubhouse for the convenience of the association's members as well as for the benefit of the general public
40% of program spending
$29
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
36% of program spending
$20
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
24% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Craig Taunt
PART YEAR GM David Harris
BOARD MEMBER Eve Kaltz
SECRETARY Jeff Weeman
BOARD MEMBER Jim Issitt
BOARD MEMBER June Jucewicz

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $3.7M $3.5M $5.9M
2023 $3.6M $3.4M $5.8M
2022 $3.4M $3.1M $5.5M
2020 $2.4M $2.2M $5.0M
2019 $2.7M $2.5M $4.7M

Between 2019 and 2024, reported annual revenue grew from $2.7M to $3.7M (+37%), with total assets most recently reported at $5.9M.

Interactive year-over-year charts and full filing details available with membership.

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