Nonprofit · EIN 88-0055355
PROSPECTORS INC
Tax-exempt · RENO, NV 89505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,228,978 | $1,231,659 | -$2,681 | $445,584 | $27,270 | $418,314 |
| May 31, 2024 | 990 | $1,189,161 | $1,165,682 | $23,479 | $481,400 | $60,405 | $420,995 |
| May 31, 2023 | 990 | $1,076,790 | $1,169,117 | -$92,327 | $406,986 | $10,515 | $396,471 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,223,274
- Investment income
- $1,825
- Net income from sales of inventory
- $3,879
- Other revenue
- $3,879
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $14,500
- Other salaries and wages
- $106,788
- Salaries, compensation and benefits (total)
- $160,148
- Professional fundraising fees
- $0
- Legal fees
- $271
- Accounting fees
- $71,821
- Occupancy
- $27,564
Balance sheet and other
- Total assets, start of year
- $481,400
- Total assets, end of year
- $445,584
- Total liabilities, end of year
- $27,270
- Net assets, end of year
- $418,314
- Net assets without donor restrictions
- $418,314
- Gross unrelated business income
- $1,825
- Gross receipts
- $1,235,148
- Employees
- 2
- Volunteers
- 10
- Year formed
- 1947
- State of legal domicile
- NV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL ROSENAUER | SECRETARY Officer | 8 | $14,500 |
| KELLY BLAND | DIRECTOR Trustee or director | 1 | $0 |
| BRYCE BOHLANDER | DIRECTOR Trustee or director | 1 | $0 |
| DAN FLOWERS | DIRECTOR Trustee or director | 1 | $0 |
| PAUL GORDON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE NOBIS | DIRECTOR Trustee or director | 1 | $0 |
| COURTNEY SWEET | VICE PRESIDE Trustee or director, Officer | 3 | $0 |
| BRIAN WHEELER | DIRECTOR Trustee or director | 1 | $0 |
| PHIL FORBUSH | TREASURER Officer | 1 | $0 |
| MITCH LAUGHTON | PRESIDENT Officer | 3 | $0 |
990 for the year ended May 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Rosenauer | Secretary Trustee or director, Officer | 8 | $15,600 |
| John F Krmpotic | President Trustee or director, Officer | 1 | $0 |
| Rodger Stone | Vice President Trustee or director, Officer | 1 | $0 |
| Daniel Flowers | Treasurer Trustee or director, Officer | 1 | $0 |
| Parker Stremmel | House Committee Chair Trustee or director, Officer | 1 | $0 |
| Brian Wheeler | Director Trustee or director | 1 | $0 |
| Andrea Pressler | Director Trustee or director | 1 | $0 |
| Courtney Sweet | Director Trustee or director | 1 | $0 |
| Mitchell Laughton | Director Trustee or director | 1 | $0 |
| Patrick Tanner | Director Trustee or director | 1 | $0 |
| Julie Nobis | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Rosenauer | Secretary Trustee or director, Officer | 8 | $15,600 |
| John F Krmpotic | President Trustee or director, Officer | 1 | $0 |
| Derek Beenfeldt | President (until June 2022) Trustee or director, Officer | 1 | $0 |
| Rodger Stone | Vice President Trustee or director, Officer | 1 | $0 |
| Daniel Flowers | Treasurer Trustee or director, Officer | 1 | $0 |
| Parker Stremmel | House Committee Chair Trustee or director, Officer | 1 | $0 |
| Brian Wheeler | Director Trustee or director | 1 | $0 |
| Andrea Pressler | Director Trustee or director | 1 | $0 |
| Courtney Sweet | Director Trustee or director | 1 | $0 |
| Mitchell Laughton | Director Trustee or director | 1 | $0 |
| Patrick Tanner | Director Trustee or director | 1 | $0 |
| Julie Nobis | Director Trustee or director | 1 | $0 |
| Paul Gordon | Director (until June 2022) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2390, RENO, NV 89505-2390
- Principal officer (990 for 2024)
- MICHAEL ROSENAUER, PO BOX 2390, RENO, NV 89505
- Signed the 990
- MICHAEL ROSENAUER, SECRETARY
- Phone
- (775) 324-3530
- Website
- WWW.PROSPECTORSCLUBRENO.COM
- Return prepared by
- FORBUSH & ASSOCIATES
Mission
NEVADA'S FINEST AND OLDEST PRIVATE SOCIAL CLUB
Program accomplishments
- ESTABLISHED IN 1947 THE CLUB PROVIDES ITS MEMBERS A COMFORTABLE CLUB ROOM TO MEET WITH ACQUIANTANCES & 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 DANCES, AND ADDITIONAL SPECIAL EVENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0055355
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $445,584
- Income (IRS master file)
- $1,235,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,228,978 | $1,231,659 | $445,584 | XML |
| 990 | May 2024 | $1,189,161 | $1,165,682 | $481,400 | XML |
| 990 | May 2023 | $1,076,790 | $1,169,117 | $406,986 | XML |
| 990 | May 2022 | $945,779 | $1,067,368 | $514,645 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-0055355).
Questions about PROSPECTORS INC
- What is the EIN of PROSPECTORS INC?
- The employer identification number (EIN) of PROSPECTORS INC is 88-0055355.
- Is PROSPECTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1977.
- Are donations to PROSPECTORS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROSPECTORS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPECTORS INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECTORS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of PROSPECTORS INC?
- The 990 for the year ended May 31, 2025 names MICHAEL ROSENAUER.
- Who are the officers and directors of PROSPECTORS INC?
- The 990 for the year ended May 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $14,500 (MICHAEL ROSENAUER, SECRETARY).
- How much revenue does PROSPECTORS INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,228,978, expenses of $1,231,659 and total assets of $445,584 at year end.
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