Moorhead Country Club Inc
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 110
- Location
- Moorhead, MN
- Founding
- 11/1972
- Data as of
- 03/2023
- EIN
- 41-0424834
Organization Overview
Moorhead Country Club Inc is located in Moorhead, MN. The organization was established in 1972. 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, Moorhead Country Club Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moorhead Country 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 03/2023, Moorhead Country Club Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.3m during the year ending 03/2023. While expenses have increased by 7.9% per year over the past 7 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
MOORHEAD COUNTRY CLUB IS A MEMBER-OWNED FACILITY OFFERING RECREATIONAL AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOORHEAD COUNTRY CLUB IS A PRIVATE MEMBERSHIP CLUB ORGANIZED FOR RECREATIONAL AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Reek President | OfficerTrustee | 0.5 | $0 |
Scott Sinner Vice President | OfficerTrustee | 0.5 | $0 |
Kathryn Norby Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
David Oberg Director | Trustee | 0.5 | $0 |
Charlie Erickson Director | Trustee | 0.5 | $0 |
Dan Helm Director | Trustee | 0.5 | $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 | $79,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,347 |
| Total Program Service Revenue | $1,687,723 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $563,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,341,573 |
| 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 | $889,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,912 |
| Payroll taxes | $90,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $65,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,572 |
| Advertising and promotion | $60,224 |
| Office expenses | $83,412 |
| Information technology | $3,399 |
| Royalties | $0 |
| Occupancy | $187,627 |
| Travel | $2,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $506 |
| Interest | $31,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,584 |
| Insurance | $33,267 |
| All other expenses | $52,411 |
| Total functional expenses | $2,296,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $230,625 |
| Prepaid expenses and deferred charges | $535 |
| Net Land, buildings, and equipment | $1,203,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,230 |
| Other assets | $0 |
| Total assets | $2,474,395 |
| Accounts payable and accrued expenses | $170,434 |
| Grants payable | $0 |
| Deferred revenue | $910,773 |
| 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 | $913,272 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,994,479 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,119,873 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$639,957 |
| Total liabilities and net assets/fund balances | $2,474,395 |