Minnesota Golf Association Inc
- Assets
- $2.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Edina, MN
- Founding
- 08/1975
- Data as of
- 12/2023
- EIN
- 51-0152269
Organization Overview
Minnesota Golf Association Inc is located in Edina, MN. The organization was established in 1975. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Minnesota Golf Association Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Golf Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Minnesota Golf Association Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND INFORMATION ON GOLF TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANDICAPPING AND COURSE RATING
TOURNAMENTS
COMMUNICATIONS
GOLF OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ryan Previous Exe | 40 | $160,347 | |
Lynn Anderson Director | Trustee | 1 | $0 |
Phil Anderson Director | Trustee | 1 | $0 |
Russell Betts Director | Trustee | 1 | $0 |
Jesse Bull Director | Trustee | 1 | $0 |
Rollie Carlson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,000 |
| 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 | $36,000 |
| Total Program Service Revenue | $3,459,217 |
| Investment income | $45,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,772,330 |
| 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. | $224,192 |
| Compensation of current officers, directors, key employees. | $224,192 |
| Compensation to disqualified persons | $160,347 |
| Other salaries and wages | $753,573 |
| Pension plan accruals and contributions | $56,546 |
| Other employee benefits | $118,973 |
| Payroll taxes | $88,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56 |
| Fees for services: Accounting | $47,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,270 |
| Fees for services: Other | $50,012 |
| Advertising and promotion | $23,411 |
| Office expenses | $414,026 |
| Information technology | $150,215 |
| Royalties | $0 |
| Occupancy | $68,723 |
| Travel | $6,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $18,389 |
| Conferences, conventions, and meetings | $68,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,920 |
| Insurance | $18,128 |
| All other expenses | $5,510 |
| Total functional expenses | $3,445,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,686 |
| Savings and temporary cash investments | $951,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,003 |
| Investments—publicly traded securities | $1,015,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $88,333 |
| Other assets | $62,703 |
| Total assets | $2,456,080 |
| Accounts payable and accrued expenses | $1,644 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,644 |
| Net assets without donor restrictions | $2,454,436 |
| 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 | $2,456,080 |