Sleepy Eye Golf Club Inc
- Assets
- $271.1k
- Revenue
- $354.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Sleepy Eye, MN
- Founding
- 11/1965
- Data as of
- 12/2019
- EIN
- 41-0330433
Organization Overview
Sleepy Eye Golf Club Inc, operating under the name Sleepy Eye Golf Club, is located in Sleepy Eye, MN. The organization was established in 1965. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2018, Sleepy Eye Golf Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sleepy Eye Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Sleepy Eye Golf Club generated $354.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $314.5k during the year ending 12/2019. While expenses have increased by 3.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
NINE HOLE GOLF COURSE PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS & GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMI-PRIVATE MEMBER OWNED GOLF CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Brummund President | Officer | 1 | $0 |
David Riebel Vice President | Officer | 1 | $0 |
Brian Mathiowetz Secretary | Officer | 1 | $0 |
Deanna Johnson Treasurer | Officer | 1 | $0 |
Bryant Mages Director | Trustee | 1 | $0 |
Caleb Christensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136,979 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,983 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $110,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,455 |
| Advertising and promotion | $1,841 |
| Office expenses | $881 |
| 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 | $7,940 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,489 |
| Insurance | $11,044 |
| All other expenses | $0 |
| Total functional expenses | $314,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,427 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,127 |
| Accounts payable and accrued expenses | $1,048 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $148,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,164 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $121,963 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Golf Association Inc Edina, MN | $1,691,955 | $3,127,420 |
Oconomowoc Golf Club Oconomowoc, WI | $3,718,585 | $2,780,073 |
Wisconsin State Golf Association Inc West Allis, WI | $3,484,583 | $2,661,468 |
Ridge Golf Association Inc Sioux Center, IA | $763,275 | $2,061,022 |
Wisconsin Section Of The Prfsnl Golfers Assoc Of Amer Inc West Allis, WI | $2,346,831 | $1,993,640 |
Golf Minot Inc Minot, ND | $8,324,634 | $1,508,642 |
Detroit Country Club Inc Detroit Lakes, MN | $2,607,069 | $1,763,955 |
Green Valley Floyd Golf Corp Sioux City, IA | $1,732,109 | $1,490,611 |
Minot Junior Golf Association Inc Minot, ND | $6,199,667 | $1,820,730 |
Wpga Junior Foundation Inc West Allis, WI | $600,250 | $790,186 |
Interlaken Golf Club Inc Fairmont, MN | $2,511,682 | $634,632 |
Iola Community Golf Club Inc Iola, WI | $1,212,942 | $729,459 |