Sanborn Community Development Inc
- Assets
- $512.1k
- Revenue
- $406.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Sanborn, MN
- Founding
- 06/1975
- Data as of
- 10/2023
- EIN
- 41-6172895
Organization Overview
Sanborn Community Development Inc is located in Sanborn, MN. The organization was established in 1975. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2023, Sanborn Community Development Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanborn Community Development Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Sanborn Community Development Inc generated $406.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $275.9k during the year ending 10/2023. 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
SANBORN COMMUNITY DEVELOPMENT INC IS A COMMUNITY WELFARE PROGRAM THAT OPERATES A GOLF COURSE FOR RECREATIONAL PURPOSE TO ITS LOCAL CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COMMUNITY GOLF CLUB, SERVED OVER 225 MEMBERS AND PROVIDED RECREATION FOR LOCAL CITIZENS. MANAGEMENT OF SANBORN RECREATION AND EDUCATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Fox Director | Trustee | 1 | $0 |
Denny Guetter Director | Trustee | 1 | $0 |
Brandon Schroeder Director | Trustee | 1 | $0 |
Michael Berberich Director | Trustee | 1 | $0 |
Kurt Scheffler Director | Trustee | 1 | $0 |
Cooper Scheffler Director | Trustee | 1 | $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 | $13,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,914 |
| Total Program Service Revenue | $107,415 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,774 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $78,704 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,180 |
| 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 | $101,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,126 |
| Office expenses | $5,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,805 |
| 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 | $37,474 |
| Insurance | $20,424 |
| All other expenses | $14,444 |
| Total functional expenses | $275,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,255 |
| Prepaid expenses and deferred charges | $977 |
| Net Land, buildings, and equipment | $281,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,070 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $16,680 |
| 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 | $101,732 |
| Unsecured mortgages and notes payable | $146,000 |
| Other liabilities | $1,893 |
| Total liabilities | $266,305 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $243,965 |
| Total liabilities and net assets/fund balances | $512,070 |