Thompson Falls Golf Club I Inc
- Assets
- $195.1k
- Revenue
- $200.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Thompson Falls, MT
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 81-0291237
Organization Overview
Thompson Falls Golf Club I Inc is located in Thompson Falls, MT. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Thompson Falls Golf Club I Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thompson Falls Golf Club I Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Thompson Falls Golf Club I Inc generated $200.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $150.1k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 4 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 DEVELOP & MAINTAIN A COMMUNITY GOLF COURSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A PROSHOP & CONCESSION TO PROVIDE PRODUCT AT REASONALBE PRICES TO MEMBERS & THEIR GUESTS AND TO ENCOURAGE PARTICIPATION IN THE SPORT OF GOLFING BY HOSTING TOURNAMENTS.
TO DEVELOP AND ACTIVE MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Nolen President | Trustee | 1 | $0 |
David Petteys Vice President | OfficerTrustee | 1 | $0 |
Mike Baxter Treasurer | OfficerTrustee | 2 | $0 |
Ron Beaty Director | Trustee | 1 | $0 |
Rick Hagedorn Director | OfficerTrustee | 1 | $0 |
Tina Wheeler Secretary | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $174,430 |
| Investment income | $9 |
| 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 | $26,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,719 |
| 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 | $73,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $498 |
| Office expenses | $1,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,247 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,795 |
| Insurance | $13,220 |
| All other expenses | $6,760 |
| Total functional expenses | $150,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,139 |
| Savings and temporary cash investments | $44,003 |
| 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 | $81,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,401 |
| Total assets | $195,118 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,112 |
| Other liabilities | $7,118 |
| Total liabilities | $43,230 |
| Net assets without donor restrictions | $0 |
| 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 | $151,888 |
| Total liabilities and net assets/fund balances | $195,118 |