Grand Forks Country Club
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 81
- Location
- Grand Forks, ND
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 45-0140055
Organization Overview
Grand Forks Country Club is located in Grand Forks, ND. The organization was established in 1938. 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, Grand Forks Country Club employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Forks Country Club 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, Grand Forks Country Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 9.3% 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 A GOLF COURSE, SWIMMING POOL, DINING AND ENTERTAINING FACILITY FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GOLF-PRO-SWIM-CART AND OTHER RECREATION FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Thorfinnson President | OfficerTrustee | 2 | $0 |
Greg Syrup Secretary/treasurer | OfficerTrustee | 2 | $0 |
Duane Wages III Vice President | OfficerTrustee | 2 | $0 |
Erin Greenberg Director | Trustee | 2 | $0 |
Les Moore Director | Trustee | 2 | $0 |
Jason Schaff Director | Trustee | 2 | $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 | $1,516,762 |
| Investment income | $989 |
| 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 | $426,175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,945,535 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $785,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,604 |
| Payroll taxes | $73,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,200 |
| Advertising and promotion | $23,740 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,826 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,066 |
| Interest | $34,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,146 |
| Insurance | $39,430 |
| All other expenses | $214,401 |
| Total functional expenses | $1,974,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,416 |
| Savings and temporary cash investments | $519,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,750 |
| Prepaid expenses and deferred charges | $39,994 |
| Net Land, buildings, and equipment | $783,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,920 |
| Total assets | $1,755,756 |
| Accounts payable and accrued expenses | $110,409 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $785,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,836 |
| Total liabilities | $1,370,571 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $668,586 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$283,401 |
| Total liabilities and net assets/fund balances | $1,755,756 |
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 |