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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

MVIN501(c)(7) · MEDIUMNAICS 713910EIN 41-1557904

Minnesota Valley Country Club Inc

Bloomington, MN · founded 1997

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$5.34M

▲ 23.0% YoY

FY23 Total Expenses

$4.71M

▲ 18.0% YoY

Operating Margin

11.8%

revenue minus expenses ÷ revenue

Employees

196

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$5.3M

▲ 40.1% / 5y

Expenses

$4.7M

▲ 28.7% / 5y

Total Assets

$14.9M

▲ 68.6% / 5y

Total Liabilities

$10.6M

▲ 59.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.8M	$5.3M	$5.3M	$4.3M	$5.3M	+40.1%
Expenses	$3.7M	$3.9M	$3.9M	$4.0M	$4.7M	+28.7%
Net surplus	$150K	$1.4M	$1.4M	$348K	$627K	+317.7%
Total assets	$8.8M	$8.5M	$8.5M	$12.1M	$14.9M	+68.6%
Total liabilities	$6.7M	$5.2M	$5.2M	$8.5M	$10.6M	+59.5%
Net assets	$2.2M	$3.3M	$3.3M	$3.6M	$4.2M	+96.9%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
Steve Gilles GM/COO· 40h/wk	$205,773	$3,448
Mike Brower Head Superintendent· 40h/wk	$198,896	$11,722
Matt Paulius Head Golf Professional· 40h/wk	$158,824	$9,395
Paula Keimig Controller· 40h/wk	$118,221	$10,246
Jared Grubor Clubhouse Manager· 40h/wk	$104,810	$10,962

+ 9 unpaid officers/directors as reported (Aaron Koehler, Ben Johnshoy, Bill Brann, +6 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
Member Dues	$2,332,116
Capital Fees	$919,900
Initiation Fees	$410,200
Green Fees	$404,844
Golf Cart Fees	$308,697

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$6.9M

▲ $445K new borrowing

Net land, buildings & equipment

$11.2M

book value, net of depreciation

Facility age

43%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$100,434
Occupancy	$299,687
Depreciation & depletion	$661,381
Information technology	$14,352
Advertising & promotion	$29,692
Office expenses	$49,287
Legal fees	$8,860
Accounting fees	$22,000
Other professional fees	$21,820

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

MINNESOTA VALLEY C.C., INC. 401(K) PROFIT SHARING PLAN

pension · 41 participants · $2.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

MFounded in 1997, Minnesota Valley Country Club Inc reported $5.34M of revenue for FY23, at an operating margin of 11.8%. Revenue moved up 23.0% 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)

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