Valley Golf Association
- Assets
- $399.9k
- Revenue
- $607.4k
- Investments
- $0.0
- Employees
- 40
- Location
- East Grand Forks, MN
- Founding
- 11/1971
- Data as of
- 12/2023
- EIN
- 23-7139538
Organization Overview
Valley Golf Association is located in East Grand Forks, MN. The organization was established in 1971. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Valley Golf Association employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Golf Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Valley Golf Association generated $607.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $618.3k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL GOLF FACILITY WHOSE PROGRAM SERVICES SERVE THE RESIDENTS OF EAST GRAND FORKS, MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A RECREATIONAL GOLF FACILITY WHOSE PROGRAM SERVICES SERVE THE RESIDENTS OF EAST GRAND FORKS, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Enright Secretary | OfficerTrustee | 1 | $0 |
Chad Frost President | OfficerTrustee | 1 | $0 |
Brian Loer Treasurer | OfficerTrustee | 1 | $0 |
Mark Miller Director | Trustee | 1 | $0 |
Steve Ristau Director | Trustee | 1 | $0 |
Andrew Robertson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $750 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750 |
| Total Program Service Revenue | $431,611 |
| Investment income | $173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $174,882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,553 |
| Pension plan accruals and contributions | $2,065 |
| Other employee benefits | $0 |
| Payroll taxes | $23,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,128 |
| Fees for services: Lobbying | $8 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,504 |
| Office expenses | $759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,328 |
| Insurance | $20,967 |
| All other expenses | $56,776 |
| Total functional expenses | $618,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,204 |
| Savings and temporary cash investments | $62,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,053 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $282,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135 |
| Total assets | $399,891 |
| Accounts payable and accrued expenses | $51,800 |
| Grants payable | $0 |
| Deferred revenue | $20,057 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $214,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $286,424 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $279,900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$166,433 |
| Total liabilities and net assets/fund balances | $399,891 |