Fargo Country Club Inc
- Assets
- $10.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 177
- Location
- Fargo, ND
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 45-0129400
Organization Overview
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 12/2022, Fargo Country Club Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Country Club 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, Fargo Country Club Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 1.0% 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
2022
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 EQUITY MEMBERS AND NON-EQUITY 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Brandt Director | Trustee | 1 | $0 |
Nick Lakoduk Director | Trustee | 1 | $0 |
Dan Doeden Vice President | OfficerTrustee | 1 | $0 |
Ian Mclean Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jess Mclaughlin President | OfficerTrustee | 1 | $0 |
Kane Hanson Director | Trustee | 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 | $4,119,508 |
| Investment income | $2,361 |
| 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 | $453,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,575,761 |
| 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. | $73,388 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,816,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $203,035 |
| Payroll taxes | $172,859 |
| Fees for services: Management | $120,000 |
| Fees for services: Legal | $870 |
| Fees for services: Accounting | $22,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $118,815 |
| Office expenses | $233,738 |
| Information technology | $71,248 |
| Royalties | $0 |
| Occupancy | $320,831 |
| Travel | $17,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $127,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,695 |
| Insurance | $47,963 |
| All other expenses | $109,240 |
| Total functional expenses | $4,252,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,642 |
| Inventories for sale or use | $158,716 |
| Prepaid expenses and deferred charges | $36,612 |
| Net Land, buildings, and equipment | $8,621,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $513,560 |
| Total assets | $9,959,923 |
| Accounts payable and accrued expenses | $449,145 |
| Grants payable | $0 |
| Deferred revenue | $93,327 |
| 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 | $4,828,450 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $513,257 |
| Total liabilities | $5,884,179 |
| Net assets without donor restrictions | $4,075,744 |
| 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 | $9,959,923 |