Red Wing Municipal Golf Corporation

Organization Overview

Red Wing Municipal Golf Corporation is located in Red Wing, MN. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Wing Municipal Golf Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Red Wing Municipal Golf Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $989.6k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RED WING MUNICIPAL GOLF CORPORATION (RWMGC) OPERATES AND MANAGES MISSISSIPPI NATIONAL GOLF LINKS, A MUNICIPAL GOLF COURSE OWNED BY THE CITY OF RED WING.


THE CITY OF RED WING, MN HAS GRANTED THE CORPORATION A LICENSE TO OPERATE THE COURSE ON THE CITY'S BEHALF.


THE EMPLOYEES OF THE CORPORATION ALSO HAVE DEVELOPED YOUTH GOLF PROGRAM ACTIVITIES FOR THE BENEFIT OF THE YOUTH OF OUR COMMUNITY


THE COURSE HAS ALSO BEEN OPENED FOR USE BY THE ENVIRONMENTAL LEARNING CENTER, A LOCAL NO-PROFIT ENVIRONMENTAL EDUCATION ORGANIZATION.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $155,808
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $930,695
Other Income $2,204
Total Revenue $1,088,707

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Red Wing Municipal Golf Corporation has recieved totaling $500.

Awarding OrganizationAmount
Red Wing Shoe Company Foundation

Red Wing, MN

PURPOSE: COMMUNITY DEVELOPMENT

$500
View Grant Recipient Profile

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