ECLY501(c)(7) · MEDIUMNAICS 713910EIN 41-0810763

Ely Golf Club Corporation

Ely, MN · founded 1960
13 filings on recordFY 20112023medium confidence
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
198282282217261
Expenses
$258K
▲ 29.9% / 5y
199252252234258
Total Assets
$545K
▲ 4.4% / 5y
523549549540545
Total Liabilities
$2K
▼ 59.6% / 5y
455132

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther

+ 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 itemAmount
MEMBERSHIP DUES$91,251
GREEN FEES$83,828
CART & OTHER RENTALS$47,182
TOURNAMENT & LEAGUES$15,432

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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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