GFRA501(c)(7) · MEDIUMNAICS 713910EIN 45-0140055
Grand Forks Country Club
Grand Forks, ND · founded 1938
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.40M
▲ 2.2% YoY
FY23 Total Expenses
$2.16M
▼ 6.9% YoY
Operating Margin
9.7%
revenue minus expenses ÷ revenue
Employees
100
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.4M
▲ 101.0% / 5y
Expenses
$2.2M
▲ 72.3% / 5y
Total Assets
$1.8M
▲ 70.1% / 5y
Total Liabilities
$1.2M
▲ 59.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.9M | $1.9M | $2.3M | $2.4M | +101.0% |
| Expenses | $1.3M | $2.0M | $2.0M | $2.3M | $2.2M | +72.3% |
| Net surplus | -$63K | -$29K | -$29K | $20K | $233K | -468.4% |
| Total assets | $1.1M | $1.8M | $1.8M | $2.3M | $1.8M | +70.1% |
| Total liabilities | $743K | $1.4M | $1.4M | $1.9M | $1.2M | +59.4% |
| Net assets | $328K | $385K | $385K | $405K | $638K | +94.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (ALEC LAZUR, CHRIS LIPSH, ERIN GREENBERG, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Endres Construction GRAND FORKS, ND | Construction & renovation | $423,286 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES, GREEN | $1,925,981 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$596K
▼ $300K paid down
Net land, buildings & equipment
$963K
book value, net of depreciation
Facility age
76%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $33,344 |
| Occupancy | $80,519 |
| Depreciation & depletion | $134,327 |
| Advertising & promotion | $2,931 |
| Accounting fees | $68,045 |
GFounded in 1938, Grand Forks Country Club reported $2.40M of revenue for FY23, at an operating margin of 9.7%. Revenue moved up 2.2% 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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