Red Wing Golf Club is located in Red Wing, MN. As of 12/2016, Red Wing Golf Club employed 46 individuals. Red Wing Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2016, Red Wing Golf Club generated $456.2k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $508.9k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOCIAL AND GOLF VENUE FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF AND SOCIAL RECREATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Giorgi President | OfficerTrustee | 5 | $0 |
Craig Kronbeck Vice Preside | OfficerTrustee | 5 | $0 |
Tim Hutchson Tresurer | OfficerTrustee | 10 | $0 |
Joe Dube Board Member | Trustee | 30 | $0 |
Linda Larson Board Member | Trustee | 2 | $0 |
Kay Mcdowell Board Member | Trustee | 2 | $0 |
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 | $9,950 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,950 |
Total Program Service Revenue | $315,187 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,986 |
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 | $118,606 |
Miscellaneous Revenue | $0 |
Total Revenue | $456,233 |
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 | $166,849 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $20,035 |
Fees for services: Management | $0 |
Fees for services: Legal | $44,922 |
Fees for services: Accounting | $7,040 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,669 |
Office expenses | $6,966 |
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 | $17,103 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $28,122 |
Insurance | $23,122 |
All other expenses | $69,216 |
Total functional expenses | $508,915 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $0 |
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