CARE501(c)(7) · MEDIUMNAICS 713910EIN 41-1560308
Carefree Country Club
Big Lake, MN · founded 1988
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$1.27M
▲ 17.1% YoY
FY24 Total Expenses
$1.11M
▲ 3.1% YoY
Operating Margin
12.8%
revenue minus expenses ÷ revenue
Employees
20
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$1.3M
▲ 30.5% / 5y
Expenses
$1.1M
▲ 23.9% / 5y
Total Assets
$3.3M
▲ 14.5% / 5y
Total Liabilities
$672K
▲ 15.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $975K | $1.1M | $1.1M | $1.1M | $1.3M | +30.5% |
| Expenses | $895K | $1.0M | $1.0M | $1.1M | $1.1M | +23.9% |
| Net surplus | $79K | $43K | $43K | $11K | $163K | +105.1% |
| Total assets | $2.8M | $3.0M | $3.0M | $3.1M | $3.3M | +14.5% |
| Total liabilities | $580K | $590K | $590K | $631K | $672K | +15.8% |
| Net assets | $2.3M | $2.4M | $2.4M | $2.4M | $2.6M | +14.1% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 10 unpaid officers/directors as reported (CATHY BALLOT, DAVE HOLZER, DAVE SUNDELL, +7 more)
All 10 listed officers reported $0 compensation — volunteer board.
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES/ASSESSMENTS | $1,172,598 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$1.4M
book value, net of depreciation
Facility age
66%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $39,372 |
| Occupancy | $249,830 |
| Depreciation & depletion | $155,220 |
| Advertising & promotion | $435 |
| Office expenses | $5,583 |
| Legal fees | $9,816 |
| Accounting fees | $14,830 |
| Other professional fees | $4,812 |
CFounded in 1988, Carefree Country Club reported $1.27M of revenue for FY24, at an operating margin of 12.8%. Revenue moved up 17.1% 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
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