GRAC501(c)(7) · MEDIUMNAICS 713910EIN 41-6030174
Graceville Golf Club Inc
Graceville, MN · founded 1943
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$271k
▲ 24.2% YoY
FY23 Total Expenses
$213k
▲ 9.1% YoY
Operating Margin
21.5%
revenue minus expenses ÷ revenue
Employees
15
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$271K
▲ 52.9% / 5y
Expenses
$213K
▲ 35.1% / 5y
Total Assets
$306K
▲ 51.0% / 5y
Total Liabilities
$983
▼ 95.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $177K | $219K | $219K | $218K | $271K | +52.9% |
| Expenses | $157K | $184K | $184K | $195K | $213K | +35.1% |
| Net surplus | $20K | $35K | $35K | $23K | $58K | +193.9% |
| Total assets | $203K | $232K | $232K | $248K | $306K | +51.0% |
| Total liabilities | $23K | $9K | $9K | $1K | $983 | -95.7% |
| Net assets | $180K | $224K | $224K | $247K | $305K | +69.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (CARLA GILSDORF, CHAD ZIMMEL, DAVID AMMERMAN, +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 item | Amount |
|---|---|
| MEMBERSHIPS | $60,820 |
| GREEN FEES & TRAIL FEES | $39,770 |
| RENT OF CARTS & SHEDS | $34,607 |
| TOURNAMENTS | $19,060 |
| MENS NITE | $9,808 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$249K
book value, net of depreciation
Facility age
41%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $9,784 |
| Occupancy | $17,088 |
| Depreciation & depletion | $12,644 |
| Advertising & promotion | $563 |
| Office expenses | $668 |
| Accounting fees | $1,915 |
GFounded in 1943, Graceville Golf Club Inc reported $271k of revenue for FY23, at an operating margin of 21.5%. Revenue moved up 24.2% 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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