Minnehaha Country Club
- Assets
- $15.0m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 278
- Location
- Sioux Falls, SD
- Founding
- 05/1934
- Data as of
- 02/2022
- EIN
- 46-0165795
Organization Overview
Minnehaha Country Club is located in Sioux Falls, SD. The organization was established in 1934. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 02/2022, Minnehaha Country Club employed 278 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnehaha Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Minnehaha Country Club generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.5m during the year ending 02/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ENJOYMENT OF GOLF AND OTHER OUTDOOR SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOLF, GROUNDS, POOL, AND TENNIS FACILITIES TO 370 MEMBERS.
PROVIDE FOOD AND BEVERAGE SERVICE TO 749 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Coad COO | Officer | 40 | $208,098 |
David Swift Grounds Superintendent | 40 | $151,052 | |
Justin Freudenburg Pga Golf Professional | 40 | $122,042 | |
Timi Keller Controller | Officer | 40 | $72,382 |
Aaron Johnson President | OfficerTrustee | 5 | $0 |
Emily Thomas Secretary/treasurer | OfficerTrustee | 5 | $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 | $11,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,478 |
| Total Program Service Revenue | $5,543,897 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,776,985 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,335,530 |
| 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. | $346,272 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,575,697 |
| Pension plan accruals and contributions | $48,192 |
| Other employee benefits | $181,539 |
| Payroll taxes | $333,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $971 |
| Fees for services: Accounting | $20,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,620 |
| Advertising and promotion | $84,429 |
| Office expenses | $61,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $435,489 |
| Travel | $11,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $287,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $870,511 |
| Insurance | $124,826 |
| All other expenses | $253,542 |
| Total functional expenses | $6,511,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,941 |
| Savings and temporary cash investments | $5,779 |
| Pledges and grants receivable | $205,459 |
| Accounts receivable, net | $481,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $233,856 |
| Prepaid expenses and deferred charges | $50,402 |
| Net Land, buildings, and equipment | $12,989,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,982,683 |
| Accounts payable and accrued expenses | $729,832 |
| Grants payable | $0 |
| Deferred revenue | $351,891 |
| 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 | $7,044,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,126,125 |
| Net assets without donor restrictions | $6,651,099 |
| Net assets with donor restrictions | $205,459 |
| 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 | $14,982,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Omaha Country Club 69th & Country Club Rd Omaha, NE | $11,379,743 | $7,369,718 |
Country Club Of Lincoln Lincoln, NE | $12,769,370 | $8,261,507 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |