Minnehaha Country Club
- Assets
- $17.1m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 292
- Location
- Sioux Falls, SD
- Founding
- 05/1934
- Data as of
- 02/2024
- 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 02/2024, Minnehaha Country Club employed 292 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 02/2024, Minnehaha Country Club generated $10.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $7.7m during the year ending 02/2024. While expenses have increased by 5.0% per year over the past 9 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
2024
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 437 MEMBERS.
PROVIDE FOOD AND BEVERAGE SERVICE TO 726 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Kirby - Pres Until 1023 /immediate Past Pres (beg 11/2023) | OfficerTrustee | 5 | $0 |
Emily Thomas-President Elect (until 10/23)/pres (beg 11/23) | OfficerTrustee | 5 | $0 |
John Heisler-Sectreas (until 10/23)/pres Elect (beg 11/23) | OfficerTrustee | 5 | $0 |
Aaron Johnson-Immediate Past President (until 10/23) | OfficerTrustee | 5 | $0 |
Kari Shanard-Koenders- Director (until 10/23)/sec/treas (beg 11/23) | OfficerTrustee | 5 | $0 |
Gavin Plesec Director (beg 11/23) | Trustee | 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 | $507,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,291 |
| Total Program Service Revenue | $7,733,756 |
| Investment income | $78,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,774,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,084,892 |
| 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. | $394,570 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,375,946 |
| Pension plan accruals and contributions | $48,076 |
| Other employee benefits | $279,160 |
| Payroll taxes | $378,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,674 |
| Fees for services: Accounting | $30,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,231 |
| Advertising and promotion | $68,838 |
| Office expenses | $64,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $517,401 |
| Travel | $3,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,557 |
| Interest | $235,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $877,819 |
| Insurance | $169,749 |
| All other expenses | $359,166 |
| Total functional expenses | $7,659,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,801,995 |
| Savings and temporary cash investments | $5,803 |
| Pledges and grants receivable | $130,668 |
| Accounts receivable, net | $480,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $325,357 |
| Prepaid expenses and deferred charges | $66,064 |
| Net Land, buildings, and equipment | $12,241,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,051,797 |
| Accounts payable and accrued expenses | $923,388 |
| Grants payable | $0 |
| Deferred revenue | $465,814 |
| 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 | $5,419,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,570 |
| Total liabilities | $6,929,320 |
| Net assets without donor restrictions | $9,491,809 |
| Net assets with donor restrictions | $630,668 |
| 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 | $17,051,797 |