MINO501(c)(7) · CONFIRMEDNAICS 713910EIN 45-5233210
Golf Minot Inc
Minot, ND · founded 2014
11 filings on recordFY 2013–2023high confidence
Compare to peers →FY23 Total Revenue
$1.52M
▲ 15.3% YoY
FY23 Total Expenses
$1.76M
▲ 1.5% YoY
Operating Margin
-15.5%
revenue minus expenses ÷ revenue
Employees
46
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.5M
▲ 14.4% / 5y
Expenses
$1.8M
▲ 9.0% / 5y
Total Assets
$9.0M
▲ 3.0% / 5y
Total Liabilities
$10.7M
▲ 12.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.3M | $1.5M | $1.5M | $1.3M | $1.5M | +14.4% |
| Expenses | $1.6M | $1.6M | $1.6M | $1.7M | $1.8M | +9.0% |
| Net surplus | -$282K | -$99K | -$99K | -$411K | -$236K | -16.4% |
| Total assets | $8.7M | $8.3M | $8.3M | $8.1M | $9.0M | +3.0% |
| Total liabilities | $9.5M | $9.4M | $9.4M | $9.5M | $10.7M | +12.8% |
| Net assets | -$743K | -$1.1M | -$1.1M | -$1.5M | -$1.7M | +127.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BRITNI SCHMALZ, BROCK DESLAURIERS, CHRIS DAHL, +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 |
|---|---|
| MEMBER INCOME | $798,186 |
| PROSHOP INCOME | $323,986 |
| CLUBHOUSE INCOME | $192,222 |
| TOURNAMENT INCOME | $131,599 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$9.1M
▲ $191K new borrowing
Net land, buildings & equipment
$7.8M
book value, net of depreciation
Facility age
19%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $24,000 |
| Insurance | $38,195 |
| Occupancy | $67,141 |
| Depreciation & depletion | $189,864 |
| Advertising & promotion | $8,831 |
| Office expenses | $7,307 |
| Accounting fees | $1,525 |
GFounded in 2014, Golf Minot Inc reported $1.52M of revenue for FY23, at an operating margin of -15.5%. Revenue moved up 15.3% 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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