Fargo Country Club Inc
- Assets
- $7.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 164
- Location
- Fargo, ND
- Founding
- 10/1942
- Data as of
- 11/2019
- 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 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Peer Organizations
| 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 |