Somerset Country Club
- Assets
- $5.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 97
- Location
- Mendota Heights, MN
- Founding
- 10/1944
- Data as of
- 10/2021
- EIN
- 41-0547610
Organization Overview
Somerset Country Club is located in Mendota Heights, MN. The organization was established in 1944. 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 10/2021, Somerset Country Club employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Somerset Country Club generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.1m during the year ending 10/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT PRIVATE COUNTRY CLUB THAT PROVIDES ATHLETIC AND SOCIAL PROGRAMS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE BELOW BENEFITS ARE AVAILABLE TO MEMBERS AND GUESTS ONLY.GOLF - 18 HOLE GOLF COURSE, CART RENTAL, LESSONS, MEMBER TOURNAMENTS, ETC. FOOD & BEVERAGE - RESTAURANT/FINE DINING IN FORMAL DINING ROOM, GRILL ROOM, PATIO, POOLSIDE, ETC. POOL & TENNIS - SWIMMING AND TENNIS, LESSONS, MEMBER EVENTS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bade Superintendent | 40 | $131,680 | |
Sara Cairns General Manager | 40 | $129,986 | |
Dave Duschane Golf Professional | 40 | $122,544 | |
Eric Tostrud President | OfficerTrustee | 1 | $0 |
Jeffrey Knutson 1st Vice President | OfficerTrustee | 1 | $0 |
Beth Jackson 2nd Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,739,454 |
| 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 | $1,739,454 |
| Total Program Service Revenue | $295,993 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $406,870 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,443,118 |
| 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. | $446,262 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,060,359 |
| Pension plan accruals and contributions | $31,294 |
| Other employee benefits | $125,913 |
| Payroll taxes | $140,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $50,133 |
| Information technology | $88,010 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,130 |
| Insurance | $66,228 |
| All other expenses | $86,768 |
| Total functional expenses | $3,055,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,260 |
| Savings and temporary cash investments | $1,071,642 |
| Pledges and grants receivable | $467,125 |
| Accounts receivable, net | $987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,724 |
| Prepaid expenses and deferred charges | $50,115 |
| Net Land, buildings, and equipment | $2,959,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,472 |
| Total assets | $4,967,201 |
| Accounts payable and accrued expenses | $113,289 |
| Grants payable | $0 |
| Deferred revenue | $364,302 |
| 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 | $0 |
| Total liabilities | $477,591 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,489,610 |
| Total liabilities and net assets/fund balances | $4,967,201 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somerset Country Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mcglynn Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |