FARI501(c)(7) · MEDIUMNAICS 713910EIN 41-0627645
Faribault Golf & Country Club
Faribault, MN · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.10M
▲ 13.1% YoY
FY23 Total Expenses
$1.03M
▲ 4.0% YoY
Operating Margin
5.9%
revenue minus expenses ÷ revenue
Employees
51
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.1M
▲ 37.3% / 5y
Expenses
$1.0M
▲ 27.0% / 5y
Total Assets
$2.0M
▲ 2.0% / 5y
Total Liabilities
$280K
▲ 10.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $798K | $798K | $879K | $969K | $1.1M | +37.3% |
| Expenses | $812K | $812K | $901K | $991K | $1.0M | +27.0% |
| Net surplus | -$14K | -$14K | -$22K | -$23K | $64K | -549.0% |
| Total assets | $2.0M | $2.0M | $2.0M | $2.1M | $2.0M | +2.0% |
| Total liabilities | $254K | $254K | $249K | $422K | $280K | +10.1% |
| Net assets | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | +0.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ADAM UITTENBOGAARD, DAVE CAMPBELL, DAVE MCINTYRE, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| CART RENTAL | $134,394 |
| RANGE & GREEN FEES | $124,216 |
| TOURNEY FEES & CART REN | $106,487 |
| GAIN REPORTED ON 4797 | $15,926 |
| OTHER SERVICES | $8,479 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$118K
▼ $188K paid down
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
61%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $37,484 |
| Depreciation & depletion | $107,872 |
| Information technology | $12,278 |
| Advertising & promotion | $9,855 |
| Office expenses | $566 |
| Accounting fees | $4,740 |
FFounded in 1945, Faribault Golf & Country Club reported $1.10M of revenue for FY23, at an operating margin of 5.9%. Revenue moved up 13.1% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
The Quarterly · free
Get Faribault Golf & Country Club’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
PACKPackanack Golf Club
Revenue $1.1M — near your $1.1M
$1.1Mcompare →
OCCOOconee County Country Club
Revenue $1.1M — near your $1.1M
$1.1Mcompare →
CAZECazenovia Country Club Inc
Revenue $1.1M — near your $1.1M
$1.1Mcompare →
Same state · MN
LSELLe Sueur Country Club
MN club · $1.2M
$1.2Mcompare →
CDLOCloquet Country Club 400 Country Club Dr
MN club · $1.2M
$1.2Mcompare →
HASTHastings Country Club Inc
MN club · $982K
$982Kcompare →
Similar revenue mix
LAKELakewood Golf & Country Club
100% similar revenue mix
$1.7Mcompare →
FHENFennwood Hills Country Club
100% similar revenue mix
$595Kcompare →
NORFNorfolk Golf Club
100% similar revenue mix
$1.9Mcompare →
Similar payroll intensity
LMAKLake Mohawk Golf Club
Payroll intensity 41.4% · near your 41.4%
$2.6Mcompare →
OAKBOakbourne Country Club Inc
Payroll intensity 41.4% · near your 41.4%
$6.6Mcompare →
MPTMMt Pleasant Golf Club
Payroll intensity 41.3% · near your 41.4%
$1.3Mcompare →