The Prospectors Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 880055355 ✦ Reno, NV ✦ Designated as a 501(c)(7)

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Overview

What is The Prospectors Inc?

The Prospectors Inc, established in 1947, is a distinguished private club nestled within the Eldorado Hotel Casino in Reno's downtown area. Known as Nevada's oldest and finest social club, The Prospectors Inc offers its members a congenial space for connecting with acquaintances and clients for socializing and networking purposes. The club provides a comfortable environment, allowing its members to engage in meaningful discussions and build relationships.


Official website here: www.prospectorsclubreno.com

Is The Prospectors Inc legitimate?

The Prospectors Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Prospectors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $15,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,834

For more financial information, click here


Official website here: www.prospectorsclubreno.com

What is the mission statement of The Prospectors Inc?

The Prospectors Inc, as a private club, serves as a comfortable social space for its members to engage with acquaintances and clients. Established in 1947, its mission is to facilitate networking opportunities, fostering a congenial environment for its members to conduct business and build relationships. Although the provided information does not explicitly state it, one can infer that the club aims to uphold a sense of exclusivity and professionalism within its membership. It is not a charity or advocacy organization, but rather a private club catering to the social and networking needs of its members.


Official website here: www.prospectorsclubreno.com

Who is the CEO of The Prospectors Inc?

Michael Rosenauer is the Secretary & Membership of The Prospectors Inc.


Official website here: www.prospectorsclubreno.com

What is the revenue of The Prospectors Inc?

The Prospectors Inc's revenue in 2022 was $945,779.


Official website here: www.prospectorsclubreno.com

Who are the executives of The Prospectors Inc and what are their salaries?

The average compensation at The Prospectors Inc during 2022 was $53,717. There are 2 employees and 9 volunteers at The Prospectors Inc.


Here are 11 key members and their salaries:


Michael Rosenauer (Secretary & Membership)
  • Compensation: $15,600
  • Related: $0
  • Other: $0
Derek Beenfeldt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodger Stone (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caesar Ibarra (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parker Stremmel (House Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Gordon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Pressler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John F Krmpotic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Sweet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Laughton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prospectorsclubreno.com

Where can I find the form 990 for The Prospectors Inc?

The Prospectors Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prospectorsclubreno.com

Learn more at the official website: www.prospectorsclubreno.com

Mission Statement of The Prospectors Inc

The Prospectors Inc, a distinguished and long-standing private social club, is dedicated to providing its members with an inviting space for social interactions and networking. Established in 1947, this esteemed club offers its patrons a cozy club room where they can engage with acquaintances and clients in a relaxed setting. The Prospectors' Club aims to foster a sense of camaraderie and connection among its members.

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Impact




October, 2024

The Prospectors Inc has a significant impact on the community by fostering networking, socializing, and relationship building among its members. Established in 1947, this private social club in the Eldorado Hotel Casino offers a welcoming and comfortable environment in downtown Reno, where individuals can connect with acquaintances and clients. By providing a dedicated space for interaction, The Prospectors Inc promotes collaboration and community engagement, ultimately contributing to the enhancement of professional and social networks in the region. Its long-standing presence also signifies a commitment to local heritage, making it an integral part of Reno’s social landscape and community improvement efforts.




This information is meant to be a general summary of The Prospectors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$945,779 (2022)
Expenses
$1,067,368 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $302
  • Program Service Revenue: $945,477
  • Gross Receipts: $945,779

Assets and Liabilities:

  • Total Assets: $514,645
  • Total Liabilities: $25,904
  • Net Assets: $488,741

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues

Revenue

$863,042

Events & Meetings

Revenue

$35,420

Initiation

Revenue

$27,500

Organization Details

Founding Year

1947

Principal Officer

Michael Rosenauer

Main Address

PO Box 2390, Reno, NV, 89505

NTEE Category

Code: S40 - Community improvement

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