The information for Spring Hill Golf Club is as of the organization's most recent filing in December '20. This organization is located in Wayzata, MN. It has been in existence for 22 years, following its founding in 1998.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Spring Hill Golf Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization falls under the category of Recreational Clubs. The NTEE describes Recreational Clubs as organizations that provide facilities and opportunities for recreational activities, sports, games, and socializing with peers. These clubs often enable individuals to share hobbies and interests with like-minded individuals. The Spring Hill Golf Club's mission is to provide golf, recreational, and social activities to its club membership.
Program Area 1: The organization's primary focus in this program area is to provide an exclusive golf experience to over 200 members. Additionally, they offer dining services and a convenient pro shop merchandise for their members.
Program Area 2: Within this program area, the organization focuses on providing for operating costs and membership benefits.
Spring Hill Golf Club is run by Mark Johnson, who is the President. The organization has 112 employees, of whom only 2 are paid more than $100k per year. Supporting the paid staff are 10 volunteers.
Spring Hill Golf Club appears to be well-governed based on the provided information. The organization has a total of 9 voting members, all of whom are independent. This suggests that the board is composed of individuals who are not affiliated with the organization in any way, ensuring a more unbiased decision-making process. Additionally, the absence of potential conflicts of interest further strengthens the organization's governance. The fact that both board meetings and committee meetings are documented indicates a commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken during these meetings. Furthermore, the organization requires disclosure of conflicts, which promotes transparency and helps prevent any potential conflicts from influencing decision-making processes. Although Spring Hill Golf Club does not have specific policies such as a conflict of interest policy, whistleblower policy, or document retention policy, it is important to note that the organization still demonstrates good governance practices. The requirement for disclosure of conflicts and the documentation of meetings suggest a commitment to ethical conduct and transparency. However, it is worth mentioning that the organization does not substantiate and review leadership and officer's salaries, nor does it provide copies of the 990 to the board prior to filing. While this does not necessarily indicate poor governance, it may be an area for improvement to ensure greater transparency and accountability in financial matters. Overall, Spring Hill Golf Club appears to be well-governed, with a focus on transparency and accountability through the documentation of meetings and the absence of potential conflicts of interest. However, there are some areas where the organization could enhance its governance practices, such as implementing policies for conflicts of interest, whistleblowing, and document retention, as well as reviewing and substantiating leadership and officer's salaries.
The nonprofit organization, Spring Hill Golf Club, has experienced significant growth over the given time period. Program service revenue increased from $3.0 million in 2014 to $4.1 million in 2020, indicating a positive trend. Investment income also grew from $10.7 thousand in 2014 to $17.4 thousand in 2020. Other revenue saw an increase from $103.9 thousand in 2014 to $211.0 thousand in 2020. Additionally, total revenue increased from $3.2 million in 2014 to $4.3 million in 2020. Employee salaries also saw growth, rising from $1.6 million in 2014 to $2.1 million in 2020. Total expenses increased from $2.9 million in 2014 to $4.0 million in 2020. Furthermore, the organization's workforce expanded, with total employees increasing from 86 in 2014 to 112 in 2020. The number of volunteers remained the same at 10 throughout the given time period. Overall, the Spring Hill Golf Club has shown significant growth in various aspects of its operations.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Johnson Superintende | Officer | 40 | $261,493 |
Jeff Kringen Club Manager | Officer | 40 | $226,748 |
David Miller Secretary | OfficerTrustee | 1 | $0 |
Mark Johnson President | OfficerTrustee | 1 | $0 |
Joe Deignan Treasurer | OfficerTrustee | 1 | $0 |
Peter Ahn Director | Trustee | 1 | $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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $4,107,937 |
Investment income | $17,378 |
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 | $210,981 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,336,296 |
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. | $558,029 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,262,287 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $159,848 |
Payroll taxes | $184,903 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $131,840 |
Advertising and promotion | $0 |
Office expenses | $30,233 |
Information technology | $8,629 |
Royalties | $0 |
Occupancy | $255,230 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $20,543 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $499,806 |
Insurance | $69,300 |
All other expenses | $194,705 |
Total functional expenses | $3,956,325 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $650,616 |
Savings and temporary cash investments | $795,277 |
Pledges and grants receivable | $23,671 |
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 | $93,110 |
Prepaid expenses and deferred charges | $20,696 |
Net Land, buildings, and equipment | $12,594,429 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $14,177,799 |
Accounts payable and accrued expenses | $203,923 |
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 | $12,841 |
Total liabilities | $216,764 |
Net assets without donor restrictions | $13,961,035 |
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 | $14,177,799 |
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