Edina Country Club
- Assets
- $20.7m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 434
- Location
- Edina, MN
- Founding
- 05/1949
- Data as of
- 03/2023
- EIN
- 41-0644329
Organization Overview
Edina Country Club is located in Edina, MN. The organization was established in 1949. 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, Edina Country Club employed 434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina 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 03/2023, Edina Country Club generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $10.6m during the year ending 03/2023. While expenses have increased by 4.4% 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
PROVIDE ATHLETIC, RECREATIONAL, AND SOCIAL FACILITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDINA COUNTRY CLUB IS A FULL-SERVICE PRIVATE COUNTRY CLUB JUST MINUTES AWAY FROM DOWNTOWN MINNEAPOLIS IN THE UPSCALE NEIGHBORHOOD OF EDINA, MINNESOTA. EDINA COUNTRY CLUB IS A WELCOMING AND EASY GOING ESTABLISHMENT WHERE MEMBERS ARE ABLE TO SOCIALIZE. THE CLUB SERVES THE NEEDS OF ITS 745 MEMBERS BY PROVIDING A VARIETY OF RECREATIONAL AND CLUBHOUSE AMENITIES. THE 65,000 SQUARE-FOOT CLUBHOUSE OFFERS A FULLY STOCKED GOLF SHOP, MEN'S AND WOMEN'S LOCKER FACILITIES, A FITNESS ROOM, TWO UPSCALE CASUAL DINING RESTAURANTS AND A VARIETY OF BANQUET SPACES TO MEET MEMBER'S NEEDS FOR BUSINESS MEETINGS AND OTHER SOCIAL FUNCTIONS.
EDINA COUNTRY CLUB IS A FULL-SERVICE PRIVATE COUNTRY CLUB WHICH OFFERS ITS GOLF MEMBERS THE OPPORTUNITY TO ENJOY THE RECREATION AND SOCIAL ATTRIBUTES OF AN 18 HOLE GOLF COURSE.
EDINA COUNTRY CLUB IS A FULL-SERVICE PRIVATE COUNTRY CLUB WHICH OFFERS ITS GOLF AND POOL/TENNIS MEMBERS THE OPPORTUNITY TO ENJOY THE RECREATION AND SOCIAL ACTIVITIES ASSOCIATED WITH AN OLYMPIC SIZE SWIMMING POOL AND TENNIS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Maxwell President | OfficerTrustee | 5 | $0 |
Annelys Farrell Vice President | OfficerTrustee | 5 | $0 |
Keith Nelsen Secretary | OfficerTrustee | 5 | $0 |
Matt Olson Treasurer | OfficerTrustee | 1 | $0 |
Jen Auguston Director | Trustee | 1 | $0 |
Jack Emmer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Point Cleaning Solutions Contract Cleaning | 3/30/18 | $141,253 |
Midwest Asphalt Construction - Replacement Of Road And P | 3/30/18 | $106,095 |
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 | $6,489,516 |
| Investment income | $30,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,701,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,225,353 |
| 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. | $579,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,623,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $944,474 |
| Payroll taxes | $0 |
| 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 | $0 |
| 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 | $200,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,325,677 |
| Insurance | $138,576 |
| All other expenses | $817,868 |
| Total functional expenses | $10,598,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,291 |
| Savings and temporary cash investments | $2,714,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,203,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,402 |
| Prepaid expenses and deferred charges | $419,272 |
| Net Land, buildings, and equipment | $15,881,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,735,398 |
| Accounts payable and accrued expenses | $1,048,571 |
| Grants payable | $0 |
| Deferred revenue | $663,219 |
| 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 | $5,539,628 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,251,418 |
| Net assets without donor restrictions | $13,483,980 |
| 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 | $20,735,398 |