Ridge Golf Association Inc
- Assets
- $901.9k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 94
- Location
- Sioux Center, IA
- Founding
- 01/2010
- Data as of
- 02/2024
- EIN
- 26-3856342
Organization Overview
Ridge Golf Association Inc is located in Sioux Center, IA. The organization was established in 2010. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 02/2024, Ridge Golf Association Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridge Golf Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 02/2024, Ridge Golf Association Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.5m during the year ending 02/2024. While expenses have increased by 5.4% per year over the past 8 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
THE ORGANIZATION WILL OPERATE A PUBLIC GOLF COURSE FOR THE COMMUNITY, AS WELL AS A FOOD AND BEVERAGE SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF GOLF COURSE OPERATIONS. FULL SERVICES ARE PROVIDED.
MANAGEMENT OF GOLF COURSE OPERATIONS. FULL SERVICES ARE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Borger President | OfficerTrustee | 1 | $0 |
Paul Clousing Director | Trustee | 1 | $0 |
Marg Fedders Secretary | OfficerTrustee | 1 | $0 |
Matt Den Herder Director | Trustee | 1 | $0 |
Luke Vermeer President | 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 | $289,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,869 |
| Total Program Service Revenue | $2,093,439 |
| Investment income | $1,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $127,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,512,439 |
| 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 | $817,265 |
| Pension plan accruals and contributions | $13,873 |
| Other employee benefits | $0 |
| Payroll taxes | $74,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,009 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,654 |
| Travel | $10,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,664 |
| Insurance | $45,561 |
| All other expenses | $366,470 |
| Total functional expenses | $2,452,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,684 |
| Savings and temporary cash investments | $17,957 |
| 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 | $118,803 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $552,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,400 |
| Total assets | $901,944 |
| Accounts payable and accrued expenses | $14,032 |
| 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 | $228,293 |
| Other liabilities | $251,277 |
| Total liabilities | $493,602 |
| Net assets without donor restrictions | $408,342 |
| 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 | $901,944 |