Minikahda Club
- Assets
- $18.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 358
- Location
- Minneapolis, MN
- Founding
- 06/1942
- Data as of
- 03/2022
- EIN
- 41-0414040
Organization Overview
Minikahda Club is located in Minneapolis, MN. The organization was established in 1942. 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 03/2022, Minikahda Club employed 358 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minikahda Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Minikahda Club generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $4.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
THE MINIKAHDA CLUB PROVIDES THE MEMBERSHIP A SUPERIOR SOCIAL AND RECREATIONAL EXPERIENCE BASED ON THE VALUES OF FAMILY, FELLOWSHIP, INTEGRITY, RESPECT, AND INCLUSIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO CLUB MEMBERS SUCH AS ACCESS TO GOLF COURSES, FACILITIES FOR DINING, AND ACCESS TO EVENTS HELD AT THE COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisa Bergsma General Manager | Officer | 4 | $298,636 |
Jeff Johnson Grounds Superintendent | 40 | $174,652 | |
Gary Aasen Tennis Director | 40 | $142,108 | |
Vincent Francoual Chef | 40 | $132,884 | |
Mike Laurel Director Of Member Engagement | 40 | $129,605 | |
Micacel Congdon Golf Professional | 40 | $111,726 |
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 | $3,776,131 |
| Investment income | $105 |
| 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 | $327,780 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,104,016 |
| 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. | $261,549 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,804,150 |
| Pension plan accruals and contributions | $19,342 |
| Other employee benefits | $314,870 |
| Payroll taxes | $189,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,334 |
| Fees for services: Accounting | $29,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,801 |
| Advertising and promotion | $27,210 |
| Office expenses | $116,189 |
| Information technology | $29,754 |
| Royalties | $0 |
| Occupancy | $246,337 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,733 |
| Interest | $15,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $667,290 |
| Insurance | $75,849 |
| All other expenses | $51,255 |
| Total functional expenses | $4,571,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,721,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $887,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $449,984 |
| Prepaid expenses and deferred charges | $188,684 |
| Net Land, buildings, and equipment | $14,448,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,695,015 |
| Accounts payable and accrued expenses | $1,232,988 |
| Grants payable | $0 |
| Deferred revenue | $926,038 |
| 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 | $1,011,375 |
| Total liabilities | $3,170,401 |
| Net assets without donor restrictions | $15,524,614 |
| 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 | $18,695,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minikahda Club has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Trans-Mississippi Turf Scholarship Fund Dallas, TX PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |