Civic Intelligence

Spring Island Club

EIN 57-0905091 • 501(c)7 • Okatie, SC

Profile

To provide the members with services that include golf, tennis, fitness center and dining facilities.

174 Callawassie DriveOkatie, SC 29910

www.springisland.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.43x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.92x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Net Margin

87th percentile

20%

Higher net margin than 87% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

47%

Faster asset growth than 98% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

28%

Faster revenue growth than 89% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,795,359

Up $10,126,385 (+47%) from 2023

Liabilities

Up

$13,531,716

Up $7,240,290 (+115%) from 2023

Net Assets

Up

$18,263,643

Up $2,886,095 (+19%) from 2023

Revenue

Up

$14,656,132

Up $3,241,289 (+28%) from 2023

Expenses

Up

$11,770,037

Up $82,239 (+0.7%) from 2023

Net Income

Up

$2,886,095

Up $3,159,050 (+1157%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $14,031,262Liabilities 2010: $3,768,295Net Assets 2010: $10,262,9672010Assets 2011: $14,225,209Liabilities 2011: $3,853,361Net Assets 2011: $10,371,8482011Assets 2012: $18,680,999Liabilities 2012: $4,960,381Net Assets 2012: $13,720,6182012Assets 2013: $17,819,985Liabilities 2013: $4,139,345Net Assets 2013: $13,680,6402013Assets 2014: $18,382,477Liabilities 2014: $5,035,637Net Assets 2014: $13,346,8402014Assets 2015: $19,304,345Liabilities 2015: $6,032,413Net Assets 2015: $13,271,9322015Assets 2016: $18,521,663Liabilities 2016: $5,894,885Net Assets 2016: $12,626,7782016Assets 2017: $17,919,024Liabilities 2017: $5,434,294Net Assets 2017: $12,484,7302017Assets 2018: $19,440,766Liabilities 2018: $5,036,608Net Assets 2018: $14,404,1582018Assets 2019: $19,133,614Liabilities 2019: $5,056,712Net Assets 2019: $14,076,9022019Assets 2020: $19,073,896Liabilities 2020: $4,869,412Net Assets 2020: $14,204,4842020Assets 2021: $20,372,733Liabilities 2021: $5,102,213Net Assets 2021: $15,270,5202021Assets 2022: $21,560,413Liabilities 2022: $5,909,910Net Assets 2022: $15,650,5032022Assets 2023: $21,668,974Liabilities 2023: $6,291,426Net Assets 2023: $15,377,5482023Assets 2024: $31,795,359Liabilities 2024: $13,531,716Net Assets 2024: $18,263,6432024

Highlighted filing

2024

Assets$31,795,359
Liabilities$13,531,716
Net Assets$18,263,643

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,278,3142010Expenses 2011: $6,687,9792011Expenses 2012: $6,846,7412012Revenue 2013: $7,015,924Expenses 2013: $7,055,902Net Income 2013: -$39,9782013Revenue 2014: $6,814,909Expenses 2014: $7,148,709Net Income 2014: -$333,8002014Revenue 2015: $7,645,877Expenses 2015: $7,720,783Net Income 2015: -$74,9062015Revenue 2016: $8,120,878Expenses 2016: $8,752,228Net Income 2016: -$631,3502016Revenue 2017: $9,018,589Expenses 2017: $9,160,637Net Income 2017: -$142,0482017Revenue 2018: $10,760,111Expenses 2018: $8,840,681Net Income 2018: $1,919,4302018Revenue 2019: $8,696,344Expenses 2019: $9,023,602Net Income 2019: -$327,2582019Revenue 2020: $8,804,803Expenses 2020: $8,677,221Net Income 2020: $127,5822020Revenue 2021: $10,747,020Expenses 2021: $9,680,984Net Income 2021: $1,066,0362021Revenue 2022: $11,042,244Expenses 2022: $10,662,261Net Income 2022: $379,9832022Revenue 2023: $11,414,843Expenses 2023: $11,687,798Net Income 2023: -$272,9552023Revenue 2024: $14,656,132Expenses 2024: $11,770,037Net Income 2024: $2,886,0952024

Highlighted filing

2024

Revenue$14,656,132
Expenses$11,770,037
Net Income$2,886,095

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.8$13.5$18.3$14.7$11.8$2.89
2023Detailed filing. Detailed filing data is available for this year.$21.7$6.29$15.4$11.4$11.7$0.27
2022Detailed filing. Detailed filing data is available for this year.$21.6$5.91$15.7$11.0$10.7$0.38
2021Detailed filing. Detailed filing data is available for this year.$20.4$5.10$15.3$10.7$9.68$1.07
2020Detailed filing. Detailed filing data is available for this year.$19.1$4.87$14.2$8.80$8.68$0.13
2019Detailed filing. Detailed filing data is available for this year.$19.1$5.06$14.1$8.70$9.02$0.33
2018Detailed filing. Detailed filing data is available for this year.$19.4$5.04$14.4$10.8$8.84$1.92
2017Detailed filing. Detailed filing data is available for this year.$17.9$5.43$12.5$9.02$9.16$0.14
2016Detailed filing. Detailed filing data is available for this year.$18.5$5.89$12.6$8.12$8.75$0.63
2015Detailed filing. Detailed filing data is available for this year.$19.3$6.03$13.3$7.65$7.72$0.07
2014Detailed filing. Detailed filing data is available for this year.$18.4$5.04$13.3$6.81$7.15$0.33
2013Detailed filing. Detailed filing data is available for this year.$17.8$4.14$13.7$7.02$7.06$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$4.96$13.7$6.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$3.85$10.4$6.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$3.77$10.3$6.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$15,918,415
Mission and Program Overview

Mission

To provide the members with services that include golf, tennis, fitness center and dining facilities.

Country club which provides its members with various social functions and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,735,896$12,945,920▲ $1,210,024
Accounts Receivable$5,277,564$10,647,595▲ $5,370,031
Savings and Temporary Cash Investments$1,461,477$4,932,513▲ $3,471,036
Cash and Non-Interest-Bearing Accounts$2,040,407$2,547,543▲ $507,136
Inventories for Sale or Use$325,307$297,487▼ $27,820
Prepaid Expenses and Deferred Charges$57,665$87,800▲ $30,135
Receivables From Officers Etc$10,000$5,000▼ $5,000
Total Assets$21,668,974$31,795,359▲ $10,126,385
Other Assets Total$760,658$331,501▼ $429,157
Liabilities
Deferred Revenue$4,789,658$12,073,262▲ $7,283,604
Accounts Payable and Accrued Expenses$562,895$957,859▲ $394,964
Other Liabilities$938,873$500,595▼ $438,278
Total Liabilities$6,291,426$13,531,716▲ $7,240,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,377,548$18,263,643▲ $2,886,095
Total Net Assets Fund Balance$15,377,548$18,263,643▲ $2,886,095
Total Liabilities and Net Assets / Fund Balance$21,668,974$31,795,359▲ $10,126,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,789,450$5,220,616$14,010,066
Other Land Buildings$3,447,702$9,273,361$12,721,063
Equipment$316,426$1,586,745$1,903,171
Land$392,342-$392,342
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jay GrattonDirector of Grounds and CoFT$251,499$47,983$299,482
Charles SwansonDirector of GolfFT$167,685$51,998$219,683
William SampsonDirector of Golf InstructiFT$175,237$38,617$213,854
Debra GerlachDirector of Club OperationFT$156,284$30,152$186,436
Larry AngusTennis ProfessionalFT$139,546$33,194$172,740
Jeremy HalkerExecutive ChefFT$140,700$16,721$157,421
Adam CribittGolf Course SuperintendentFT$144,012$13,127$157,139
Tammy RandolphDirector of Recreation andFT$127,115$24,140$151,255
Ashleigh WhitmoreMembership/communcationsFT$105,173$29,034$134,207
Douglas GaddyDirector of FacilitiesFT$127,538$4,862$132,400
Ryan GoodFitnessFT$105,804$20,981$126,785
William StenackDirector of Outdoor ActiviFT$105,640$3,866$109,506

Board Members and Trustees

NameTitle
Thomas LodgePresident
Geoff HargadonVice-president
Andrew GeogheganDirector
Greg VezzosiDirector
Jean Woodworth-soremDirector
Judi GrassiDirector
Randy RogersDirector
Richard GarrisonDirector
Sally WheelerSecretary
Dana WhiteTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Palma EnterprisesContract LaborPO BOX 21428, Hilton Head Island, SC 29925$961,336
Kenneth Scott BuildersBuilderPO BOX 1590, Bluffton, SC 29910$694,745
Gaddy Properties LLCGeneral Contractor2608 LEGARE STREET, Beaufort, SC 29902$354,994
Phoenix Financial Services LLCFinancial Services174 CALLAWASSIE DR, Okatie, SC 29909$339,425
Ferguson EarthworksLand ManagementPO BOX 357, Greenpond, SC 29446$247,679
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,921,744
Investment Income
$390,008
Other Revenue
$3,344,380
Change in Net Assets
$2,886,095

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,656,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,262,278
Total Revenue per Audited Statements
$15,918,410
Total Revenue per Form 990
$14,656,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,688,868
Salaries, Compensation, and Employee Benefits$5,081,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,599,301
Insurance---$1,140,171
Depreciation Depletion---$1,129,606
All Other Expenses---$942,646
Payroll Taxes---$380,558
Fees for Services Accounting---$362,650
Occupancy---$303,070
Other Expenses---$291,975
Pension Plan Contributions---$101,310
Fees for Services Legal---$14,035
Total Functional Expenses$0$0$0$11,770,037

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,032,315
Expenses per Audited Statements$11,770,037
Total Expenses per Form 990$11,770,037
Expenses Not Reported on Form 990$1,262,278
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$10,000$5,000▼ $5,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Wr Lease Liability$314,479
Gratuity/service Charge Payable$47,285
Christmas Fund$42,972
Due To/from Poa$29,794
Sc Sales Tax Payable$21,692
Due To/from Phoenix Financial Svcs.$16,379
Housekeeping Service Charge$11,884
Local Hospitality Tax$4,246
Riding Lessons Payable$3,390
Gift Certificates Sports Complex$2,318
Sc Accommodations Tax Payable$2,182
Tennis Merchandise Liability$1,696
Cottage Rental Payable$1,409
-- LIQUOR EXCISE TAX (%)$902
Local Accomodations Tax$818
Sc Admissions Tax Payable Dues$734
Shooting Lessons Payable$400
-- LOCAL ADMISSIONS TAX (.%)$367
Other Payables$-48
Golf Lessons Payable$-2,304
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The organization amended their bylaws for section 5.05 noting that for spring island memberships acquired on or after july 1, 2024, there shall be no refund.

Form 990, Part VI, Section A, Line 6

The organization has members.

Form 990, Part VI, Section A, Line 7A

The members elect the governing body.

Form 990, Part VI, Section A, Line 7B

The members approve certain decisions of the governing body.

Form 990, Part VI, Section A, Line 8B

The club does not have committees with authority to act. Only the governing body has authority to act.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the chief financial officer, president, treasurer and general manager, who present the tax return to the executive board members for their approval.

Form 990, Part VI, Section B, Line 12C

The club requests conflicts of interest documentation on an annual basis and reviews results for any omissions or disclosures that require further action by the board.

Form 990, Part VI, Section C, Line 19

The organization is a private club, its governing documents and financial statements are not made avaliable to the public. These documents are avaliable to the private club members at their request.

Filing and Contact Details

Filer

Filer Name
Spring Island Club
EIN
57-0905091
Phone
8439872002
Address
174 CALLAWASSIE DRIVE, OKATIE, SC 29910

Signing Officer

Name
Tom Lodge
Title
President
Phone
8439872002
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Lodge
Formed
1990
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
120
Volunteers
0

Preparer

Firm
Websterrogers Llp
Address
1411 2ND LOOP RD, FLORENCE, SC 29505
Preparer
Tabatha R Bellflowersea
Phone
8436655900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There were no changes over the prior year.

Financial Statement Notes

PART X, LINE 2:

The club is a tax-exempt organization under internal revenue code section 501(c)(7). Accordingly, income or loss from net membership activities is deemed exempt for income tax purposes. Non-member net income and investment net income is considered taxable; however, no provision for income taxes has been made for the year ended december 31, 2024, as there is no net taxable income from non-member and investment activities during this year. There were no deferred income taxes in 2024. The club evaluated all other tax positions that could have a significant effect on the financial statements and determined the club had no uncertain income tax positions at december 31, 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold charged against revenue 1,262,278.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold charged against revenue 1,262,278.

Raw XML AppendixShowing 400 of 758 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/PersonNm14DOUGLAS GADDY
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IRS990/Form990PartVIISectionAGrp/PersonNm21ASHLEIGH WHITMORE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF GROUNDS AND CO
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF RECREATION AND
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF GOLF INSTRUCTI
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF CLUB OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FACILITIES
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF GOLF
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE CHEF
IRS990/Form990PartVIISectionAGrp/TitleTxt17TENNIS PROFESSIONAL
IRS990/Form990PartVIISectionAGrp/TitleTxt18GOLF COURSE SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19FITNESS
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF OUTDOOR ACTIVI
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IRS990/ReportLandBuildingEquipmentInd01
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IRS990/ReportOtherLiabilitiesInd01

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