Fargo Country Club Inc is located in Fargo, ND. 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 11/2019, Fargo Country Club Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 11/2019, Fargo Country Club Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.8m during the year ending 11/2019. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR MEMBERS, THEIR FAMILIES AND GUESTS, A PRIVATE AND PRESTIGIOUS COUNTRY CLUB ENVIRONMENT THROUGH PREMIER GOLF FACILITIES, OUTSTANDING DINING, AND EXCEPTIONAL RECREATIONAL AND SOCIAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OUR 219 EQUITY MEMBERS, 266 OTHER MEMBERS, ALONG WITH THEIR FAMILIES AND GUESTS, A PRIVATE AND PRESTIGIOUS COUNTRY CLUB ENVIRONMENT THROUGH PREMIER GOLF FACILITIES, OUTSTANDING DINING, AND EXCEPTIONAL RECREATIONAL AND SOCIAL ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Johnson Head Golf Professional | 40 | $110,000 | |
William Macaskill Through Feb 2019 General Manager | Officer | 40 | $100,464 |
Chris Hoffmann President | OfficerTrustee | 1 | $0 |
Ian Mclean Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roger Gilbertson II Vice President | OfficerTrustee | 1 | $0 |
David Hockett Started April 2019 General Manager | Officer | 40 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $660 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,700 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $449,833 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,805,545 |
Statement of Expenses | |
---|---|
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. | $203,464 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,400,486 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $353,986 |
Fees for services: Management | $202,503 |
Fees for services: Legal | $54 |
Fees for services: Accounting | $6,462 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $9,517 |
Office expenses | $216,526 |
Information technology | $19,682 |
Royalties | $0 |
Occupancy | $265,885 |
Travel | $24,465 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $133,200 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $459,625 |
Insurance | $29,871 |
All other expenses | $0 |
Total functional expenses | $3,758,223 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $138,726 |
Savings and temporary cash investments | $30,164 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $201,167 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $20,140 |
Inventories for sale or use | $166,777 |
Prepaid expenses and deferred charges | $37,468 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,083,254 |
Accounts payable and accrued expenses | $570,340 |
Grants payable | $0 |
Deferred revenue | $554,371 |
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 | $2,780,274 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,904,985 |
Net assets without donor restrictions | $3,178,269 |
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 |
Total liabilities and net assets/fund balances | $3,178,269 |
Organization Name | Assets | Revenue |
---|---|---|
Minikahda Club Minneapolis, MN | $18,752,788 | $11,206,520 |
Edina Country Club Edina, MN | $16,202,270 | $8,618,802 |
The Summit League Inc Sioux Falls, SD | $5,093,389 | $8,618,690 |
Wayzata Country Club Wayzata, MN | $16,572,417 | $7,904,162 |
Oak Ridge Country Club Hopkins, MN | $13,131,450 | $6,314,436 |
Minnehaha Country Club Sioux Falls, SD | $14,898,712 | $6,417,281 |
Minnesota State High School League Brooklyn Center, MN | $1,434,010 | $6,442,156 |
Rochester Golf & Country Club Rochester, MN | $19,478,710 | $5,433,219 |
White Bear Yacht Club White Bear Lake, MN | $9,421,217 | $3,906,952 |
Yellowstone Country Club Billings, MT | $17,701,537 | $4,033,957 |
Northland Country Club Duluth, MN | $4,602,040 | $3,712,580 |
Fargo Country Club Inc Fargo, ND | $7,083,254 | $3,805,545 |