ECLY501(c)(7) · MEDIUMNAICS 713910EIN 41-0810763
Ely Golf Club Corporation
Ely, MN · founded 1960
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$261k
▲ 20.3% YoY
FY23 Total Expenses
$258k
▲ 10.2% YoY
Operating Margin
1.2%
revenue minus expenses ÷ revenue
Employees
9
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$261K
▲ 32.0% / 5y
Expenses
$258K
▲ 29.9% / 5y
Total Assets
$545K
▲ 4.4% / 5y
Total Liabilities
$2K
▼ 59.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $198K | $282K | $282K | $217K | $261K | +32.0% |
| Expenses | $199K | $252K | $252K | $234K | $258K | +29.9% |
| Net surplus | -$702 | $31K | $31K | -$17K | $3K | -554.3% |
| Total assets | $523K | $549K | $549K | $540K | $545K | +4.4% |
| Total liabilities | $4K | $5K | $5K | $13K | $2K | -59.6% |
| Net assets | $518K | $544K | $544K | $527K | $544K | +4.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (DAVE SCHMIDT, DAWN ROWE, FRANK GULDBRANDSEN, +4 more)
All 7 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 |
|---|---|
| MEMBERSHIP DUES | $91,251 |
| GREEN FEES | $83,828 |
| CART & OTHER RENTALS | $47,182 |
| TOURNAMENT & LEAGUES | $15,432 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$460K
book value, net of depreciation
Facility age
56%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Depreciation & depletion | $21,091 |
EFounded in 1960, Ely Golf Club Corporation reported $261k of revenue for FY23, at an operating margin of 1.2%. Revenue moved up 20.3% 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
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