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Nonprofit · EIN 05-0221400

SPOUTING ROCK BEACH ASSOCIATION

Tax-exempt · NEWPORT, RI 02840

Financials

$5.6M$4.5M2023$10.1M$5.9M2024
Revenue Expenses · by fiscal year end
Financials of SPOUTING ROCK BEACH ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,133,972$5,930,944$4,203,028$14,636,169$2,728,646$11,907,523
December 31, 2023990$5,580,095$4,537,113$1,042,982$9,968,948$2,423,146$7,545,802
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,166,482
Program service revenue
$5,167,533
Investment income
$228,254
Net rental income
-$3,395
Net gain from sales of assets
-$141,296
Net income from sales of inventory
-$833,424
Other revenue
$3,571,703

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$296,104
Other salaries and wages
$1,702,742
Salaries, compensation and benefits (total)
$2,242,850
Professional fundraising fees
$0
Legal fees
$167,137
Accounting fees
$40,750
Occupancy
$129,838
Depreciation
$381,911
Program services (functional)
$5,930,944

Balance sheet and other

Total assets, start of year
$9,968,948
Total assets, end of year
$14,636,169
Total liabilities, end of year
$2,728,646
Net assets, end of year
$11,907,523
Land, buildings and equipment
$11,765,218
Net assets without donor restrictions
$11,907,523
Gross unrelated business income
$229,236
Gross receipts
$23,591,139
Employees
143
Volunteers
45
Year formed
1897
State of legal domicile
RI

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANIEL BROWNGENERAL MANAGER
Key employee
40$296,104
MATTHEW ZIMBELMANEXECUTIVE CHEF
Highest-paid employee
40$133,893
RYAN NOLANASSISTANT MANAGER
Highest-paid employee
40$127,435
ALEXANDER AUERSPERGPRESIDENT
Trustee or director, Officer
1$0
MORTIMER BERKOWITZ IIITREASURER
Trustee or director, Officer
1$0
LESLIE R GROSVENORSECRETARY
Trustee or director, Officer
1$0
JOHN H MANICEDIRECTOR
Trustee or director
1$0
BARBARA VAN BEURENDIRECTOR
Trustee or director
1$0
RALPH ISHAMDIRECTOR
Trustee or director
1$0
KATE GUBELMANNDIRECTOR
Trustee or director
1$0
JOHN R GRACEDIRECTOR
Trustee or director
1$0
OLIVER H QUINNDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
DANIEL BROWNGENERAL MANAGER
Key employee
40$217,920
COLEMAN HANOVEREXECUTIVE CHEF
Highest-paid employee
40$119,802
MARY CONLEYCONTROLLER
Highest-paid employee
40$112,035
RYAN NOLANASSISTANT MANAGER
Highest-paid employee
40$109,920
ALEXANDER AUERSPERGPRESIDENT
Trustee or director, Officer
1$0
MORTIMER BERKOWITZ IIITREASURER
Trustee or director, Officer
1$0
LESLIE R GROSVENORSECRETARY
Trustee or director, Officer
1$0
JOHN H MANICEDIRECTOR
Trustee or director
1$0
BARBARA VAN BEURENDIRECTOR
Trustee or director
1$0
RALPH ISHAMDIRECTOR
Trustee or director
1$0
KATE GUBELMANNDIRECTOR
Trustee or director
1$0
JOHN R GRACEDIRECTOR
Trustee or director
1$0
OLIVER H QUINNDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
34 OCEAN AVE, NEWPORT, RI 02840-6502
Principal officer (990 for 2024)
MORTIMER BERKOWITZ III, 34 OCEAN AVENUE, NEWPORT, RI 02840
Signed the 990
MORTIMER BERKOWITZ III, TREASURER
Phone
(401) 847-1900
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

SPOUTING ROCK BEACH ASSOCIATION IS ORGANIZED AND OPERATED FOR THE PLEASURABLE RECREATIONAL USE OF ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF BEACH CLUB WHICH PROVIDES RECREATION TO ITS MEMBERS INCLUDING SWIMMING, TENNIS, FOOD & BEVERAGE.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
05-0221400
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1954
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,636,169
Income (IRS master file)
$23,591,139

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,133,972$5,930,944$14,636,169XML
990December 2023$5,580,095$4,537,113$9,968,948XML
990December 2022$4,442,856$3,972,905$8,170,570IRS
990December 2021–––IRS
990December 2020–––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 05-0221400).

Questions about SPOUTING ROCK BEACH ASSOCIATION

What is the EIN of SPOUTING ROCK BEACH ASSOCIATION?
The employer identification number (EIN) of SPOUTING ROCK BEACH ASSOCIATION is 05-0221400.
Is SPOUTING ROCK BEACH ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1954.
Are donations to SPOUTING ROCK BEACH ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SPOUTING ROCK BEACH ASSOCIATION 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 SPOUTING ROCK BEACH ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SPOUTING ROCK BEACH ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SPOUTING ROCK BEACH ASSOCIATION?
The 990 for the year ended December 31, 2024 names MORTIMER BERKOWITZ III.
Who are the officers and directors of SPOUTING ROCK BEACH ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $296,104 (DANIEL BROWN, GENERAL MANAGER).
How much revenue does SPOUTING ROCK BEACH ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,133,972, expenses of $5,930,944 and total assets of $14,636,169 at year end.

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