Olive Grove Golf Course Inc
- Assets
- $111.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Groton, SD
- Founding
- 04/1991
- Data as of
- 12/2020
- EIN
- 46-0402884
Organization Overview
Olive Grove Golf Course Inc is located in Groton, SD. The organization was established in 1991. According to its NTEE Classification (N6A) the organization is classified as: Golf, 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. Olive Grove Golf Course Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Olive Grove Golf Course Inc generated $132.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $137.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE GOLF COURSE PROVIDES A MAJOR RECREATIONAL FACILITY FOR THE COMMUNITY OF GROTON. THE USE BY YOUNG AND OLD HAS PROMOTED COMMUNITY SPIRIT, GIVING INCENTIVE TO COMMUNITY GROWTH AND CONTINUES TO PROVIDE SOCIAL, BUSINESS & RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Schelle Vice President | 0 | $0 | |
Randy Stanley Treasurer | 0 | $0 | |
Brenda Waage President | 0 | $0 | |
Jeff Fliehs Secretary | 0 | $0 | |
Austin Schuelke Director | 0 | $0 | |
Jake Unzen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,735 |
| Total Program Service Revenue | $57,286 |
| Membership dues | $0 |
| Investment income | $25,396 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,614 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $93,038 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,621 |
| Total expenses | $137,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,159 |
| Other assets | $0 |
| Total assets | $111,712 |
| Total liabilities | $17,683 |
| Net assets or fund balances | $94,029 |
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 |
Ridge Golf Association Inc Sioux Center, IA | $763,275 | $2,061,022 |
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 |
Green Valley Floyd Golf Corp Sioux City, IA | $1,732,109 | $1,490,611 |
Minot Junior Golf Association Inc Minot, ND | $6,199,667 | $1,820,730 |
Golf Course Builders Of America Lincoln, NE | $644,683 | $655,962 |
Interlaken Golf Club Inc Fairmont, MN | $2,511,682 | $634,632 |
Orange City Municipal Golf Association Inc Orange City, IA | $1,735,711 | $643,521 |