Fargo Country Club Inc
- Assets
- $6.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 161
- Location
- Fargo, ND
- Founding
- 10/1942
- Data as of
- 12/2021
- 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 12/2021, Fargo Country Club Inc employed 161 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 12/2021, Fargo Country Club Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
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 |
|---|---|---|---|
David Hockett General Manager | Officer | 40 | $115,503 |
Ian Mclean Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dan Doeden Vice President | OfficerTrustee | 1 | $0 |
Jonathan Anas President | OfficerTrustee | 1 | $0 |
Nick Lakoduk Director | Trustee | 1 | $0 |
David Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,890 |
| 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 | $201,890 |
| Total Program Service Revenue | $3,848,634 |
| Investment income | $382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $379,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,434,937 |
| 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. | $122,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,704,737 |
| Pension plan accruals and contributions | $143,809 |
| Other employee benefits | $198,212 |
| Payroll taxes | $0 |
| Fees for services: Management | $110,000 |
| Fees for services: Legal | $7,599 |
| Fees for services: Accounting | $21,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,511 |
| Advertising and promotion | $95,341 |
| Office expenses | $240,156 |
| Information technology | $33,744 |
| Royalties | $0 |
| Occupancy | $303,096 |
| Travel | $13,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,952 |
| Insurance | $49,171 |
| All other expenses | $56,249 |
| Total functional expenses | $4,022,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,521 |
| Inventories for sale or use | $133,316 |
| Prepaid expenses and deferred charges | $35,433 |
| Net Land, buildings, and equipment | $6,128,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,596,012 |
| Accounts payable and accrued expenses | $297,206 |
| Grants payable | $0 |
| Deferred revenue | $87,714 |
| 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 | $2,193,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $197,084 |
| Total liabilities | $2,775,687 |
| Net assets without donor restrictions | $3,820,325 |
| 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 | $6,596,012 |
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 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Yellowstone Country Club Billings, MT | $16,925,660 | $5,368,324 |
White Bear Yacht Club White Bear Lake, MN | $13,091,791 | $6,893,042 |
Northland Country Club Duluth, MN | $4,568,000 | $4,920,835 |
Minikahda Club Minneapolis, MN | $18,695,015 | $4,104,016 |
Minnesota State High School League Brooklyn Center, MN | $2,262,610 | $3,777,209 |
Fargo Country Club Inc Fargo, ND | $6,596,012 | $4,434,937 |