NOOR501(c)(7) · MEDIUMNAICS 713910EIN 41-0883050
North Oaks Golf Club Inc
North Oaks, MN · founded 1966
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.01M
▼ 19.2% YoY
FY23 Total Expenses
$4.46M
▲ 5.8% YoY
Operating Margin
11.1%
revenue minus expenses ÷ revenue
Employees
201
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.0M
▲ 34.9% / 5y
Expenses
$4.5M
▲ 21.9% / 5y
Total Assets
$12.3M
▲ 42.0% / 5y
Total Liabilities
$6.1M
▼ 2.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.7M | $3.7M | $4.2M | $6.2M | $5.0M | +34.9% |
| Expenses | $3.7M | $3.2M | $3.4M | $4.2M | $4.5M | +21.9% |
| Net surplus | $62K | $556K | $734K | $2.0M | $559K | +806.8% |
| Total assets | $8.6M | $9.3M | $10.1M | $12.6M | $12.3M | +42.0% |
| Total liabilities | $6.2M | $6.3M | $6.4M | $7.0M | $6.1M | -2.0% |
| Net assets | $2.4M | $3.0M | $3.6M | $5.6M | $6.2M | +153.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PHIL ANDERSON GENERAL MANAGER (PART YEAR)· 40h/wk | $140,442 | — |
PAT MARKLEY GENERAL MANAGER (PART YEAR)· 40h/wk | $44,642 | — |
+ 10 unpaid officers/directors as reported (ANN CLARIDGE, BEN PELTIER, GREG STALSBERG, +7 more)
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 REVENUE | $4,337,673 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.0M
▲ $179K new borrowing
Net land, buildings & equipment
$10.3M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $83,809 |
| Occupancy | $315,643 |
| Depreciation & depletion | $930,732 |
| Information technology | $75,575 |
| Office expenses | $95,774 |
| Legal fees | $63,793 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
NORTH OAKS GOLF CLUB, INC. 401(K) PLAN
pension · 51 participants · $2.2M assets · FY2024
NFounded in 1966, North Oaks Golf Club Inc reported $5.01M of revenue for FY23, at an operating margin of 11.1%. Revenue moved down 19.2% 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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