Golf Minot Inc
- Assets
- $8.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Minot, ND
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 45-5233210
Organization Overview
Golf Minot Inc is located in Minot, ND. The organization was established in 2014. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Golf Minot Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golf Minot Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Golf Minot Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF GOLF MINOT INC IS TO ESTABLISH A GOLF COURSE TO BE USED BY ITS MEMBERS FOR BOTH PLEASURE AND RECREATION AND PROVIDE A CLUBHOUSE AND FACILITY TO ACCOMMODATE ITS MEMBERS AND SUPPORT MAINTENANCE OF THE GOLF COURSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COUNTRY CLUB AND GOLF COURSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roscoe Streyle President | OfficerTrustee | 1 | $0 |
Brock Deslauriers Vice President | OfficerTrustee | 1 | $0 |
Tim Kuntz Treasurer | OfficerTrustee | 1 | $0 |
Robyn Hardie Secretary | OfficerTrustee | 1 | $0 |
Derek Blasing Director | Trustee | 1 | $0 |
Michael Reder Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwest Contracting Inc Construction | 12/30/15 | $668,397 |
Wagner Construction Inc Construction | 12/30/15 | $600,236 |
Gehrtz Construction Services Inc Construction | 12/30/15 | $478,109 |
Connole & Somerville Plumbing Heating & Plumbing/heating | 12/30/15 | $357,885 |
We Integrate Llc Electrical | 12/30/15 | $333,802 |
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 | $1,220,480 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,511 |
| 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 | $62,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,508,642 |
| 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 | $355,320 |
| Pension plan accruals and contributions | $5,316 |
| Other employee benefits | $0 |
| Payroll taxes | $32,277 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $945 |
| Office expenses | $7,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,504 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $311,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,209 |
| Insurance | $32,460 |
| All other expenses | $156,195 |
| Total functional expenses | $1,607,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,757 |
| Savings and temporary cash investments | $47,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,019 |
| Prepaid expenses and deferred charges | $1,043 |
| Net Land, buildings, and equipment | $7,935,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,500 |
| Total assets | $8,324,634 |
| Accounts payable and accrued expenses | $435,793 |
| 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 | $8,949,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,385,764 |
| Net assets without donor restrictions | -$1,061,130 |
| 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 | $8,324,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iron Horse Golf Club Inc Whitefish, MT | $30,245,229 | $9,785,179 |
Minnesota Golf Association Inc Edina, MN | $1,691,955 | $3,127,420 |
Kalispell Golf Association End Of North Main St Kalispell, MT | $2,936,186 | $2,438,212 |
Golf Minot Inc Minot, ND | $8,324,634 | $1,508,642 |
Detroit Country Club Inc Detroit Lakes, MN | $2,607,069 | $1,763,955 |
Old Works Golf Course Inc Anaconda, MT | $1,606,341 | $1,629,598 |
Minot Junior Golf Association Inc Minot, ND | $6,199,667 | $1,820,730 |
Interlaken Golf Club Inc Fairmont, MN | $2,511,682 | $634,632 |
Hamilton Golf Club Hamilton, MT | $364,657 | $752,513 |
South Heart Golf Course Building Authority South Heart, ND | $1,623,652 | $566,740 |
Valley Golf Association East Grand Forks, MN | $456,380 | $588,521 |
South Dakota Golf Association Sioux Falls, SD | $584,062 | $682,291 |