Minikahda Club
- Assets
- $18.6m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 370
- Location
- Minneapolis, MN
- Founding
- 06/1942
- Data as of
- 03/2023
- EIN
- 41-0414040
Organization Overview
Minikahda Club is located in Minneapolis, MN. The organization was established in 1942. 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 03/2023, Minikahda Club employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minikahda Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Minikahda Club generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $14.0m during the year ending 03/2023. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MINIKAHDA CLUB PROVIDES THE MEMBERSHIP A SUPERIOR SOCIAL AND RECREATIONAL EXPERIENCE BASED ON THE VALUES OF FAMILY, FELLOWSHIP, INTEGRITY, RESPECT, AND INCLUSIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO CLUB MEMBERS SUCH AS ACCESS TO GOLF COURSES, FACILITIES FOR DINING, AND ACCESS TO EVENTS HELD AT THE COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisa Bergsma General Manager | Officer | 40 | $304,203 |
Jeffrey Johnson Grounds Superintendent | 40 | $202,425 | |
Mike Laurel Director Of Member Engagement | 40 | $149,296 | |
Abbie Pingitore Assistant General Manager | Officer | 40 | $145,133 |
Gary Aasen Tennis Director | 40 | $135,089 | |
Jeff Sorenson Golf Professional | 40 | $113,785 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,224,125 |
| Investment income | $166 |
| 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 | $2,058,773 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,283,064 |
| 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. | $545,918 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,670,466 |
| Pension plan accruals and contributions | $106,840 |
| Other employee benefits | $1,265,979 |
| Payroll taxes | $700,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,259 |
| Fees for services: Accounting | $196,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,331 |
| Advertising and promotion | $25,104 |
| Office expenses | $428,331 |
| Information technology | $85,546 |
| Royalties | $0 |
| Occupancy | $555,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,506 |
| Interest | $31,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,559,690 |
| Insurance | $176,104 |
| All other expenses | $182,438 |
| Total functional expenses | $13,971,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,836 |
| Savings and temporary cash investments | $1,872,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,031,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $631,954 |
| Prepaid expenses and deferred charges | $232,561 |
| Net Land, buildings, and equipment | $12,991,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750,112 |
| Total assets | $18,587,570 |
| Accounts payable and accrued expenses | $1,841,937 |
| Grants payable | $0 |
| Deferred revenue | $1,074,545 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $835,020 |
| Total liabilities | $3,751,502 |
| Net assets without donor restrictions | $14,836,068 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,587,570 |