Mankato Golf Club Inc

Organization Overview

Mankato Golf Club Inc is located in Mankato, MN. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Mankato Golf Club Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mankato Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2023, Mankato Golf Club Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.9m during the year ending 10/2023. While expenses have increased by 2.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A QUALITY GOLF/SOCIAL CLUB FOR THE ENJOYMENT AND RECREATION OF MEMBERS AND GUESTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLUB OPERATES AN 18 HOLE GOLF COURSE WITH A CLUBHOUSE EQUIPPED FOR FINE DINING AND RECREATION. IT ALSO OPERATES A GOLF SHOP WHICH SELLS GOLF EQUIPMENT AND APPAREL, RENTS GOLF CARS, PROVIDES STORAGE OF GOLF EQUIPMENT AND OTHER SERVICES FOR MEMBERS. THE CLUB HAD 532 MEMBERS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Torbenson
General Manager
$136,478
Calli Rode
Secretary
$54,375
Bob Waldron
Director
$0
Ben Kaus
President
$0
Mark Monson
Vice President
$0
Brian Corbett
Director
$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$49
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$49
Total Program Service Revenue$1,840,085
Investment income $17,479
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,988
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,166,432
Miscellaneous Revenue$0
Total Revenue $3,027,033

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