RMAY501(c)(7) · CONFIRMEDNAICS 713910EIN 41-1796248
Raymond Municipal Golf Club
Raymond, MN · founded 2022
2 filings on recordFY 2022–2023high confidence
Compare to peers →FY23 Total Revenue
$331k
▲ 14.1% YoY
FY23 Total Expenses
$315k
▲ 28.9% YoY
Operating Margin
4.7%
revenue minus expenses ÷ revenue
Employees
10
headcount as reported on filing
The Five-Year Picture
FY2022 — FY2023 · as filed
Revenue
$331K
▲ 14.1% / 2y
Expenses
$315K
▲ 28.9% / 2y
Total Assets
$196K
▲ 2.8% / 2y
Total Liabilities
$3K
▲ 209.2% / 2y
Year-on-year detail
from IRS Form 990
| Line | FY22 | FY23 | Δ total |
|---|---|---|---|
| Revenue | $290K | $331K | +14.1% |
| Expenses | $244K | $315K | +28.9% |
| Net surplus | $45K | $15K | -65.8% |
| Total assets | $190K | $196K | +2.8% |
| Total liabilities | $1K | $3K | +209.2% |
| Net assets | $189K | $192K | +1.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BARRY ROTHWELL, CALEB HANSON, CODY RAND, +6 more)
All 9 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 | $99,668 |
| RENT/LEASE INCOME | $59,801 |
| GREEN FEES | $50,004 |
| TOURNAMENT FEES | $43,117 |
| PUNCH CARD SALES | $7,345 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$70K
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $10,514 |
| Occupancy | $42,867 |
| Advertising & promotion | $1,102 |
| Office expenses | $88 |
| Accounting fees | $5,569 |
RFounded in 2022, Raymond Municipal Golf Club reported $331k of revenue for FY23, at an operating margin of 4.7%. Revenue moved up 14.1% 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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