MINN501(c)(7) · MEDIUMNAICS 713910EIN 46-0165795

Minnehaha Country Club

Sioux Falls, SD · founded 1934
13 filings on recordFY 20122024medium confidence
FY24 Total Revenue
$10.08M
▲ 25.1% YoY
FY24 Total Expenses
$7.66M
▲ 7.5% YoY
Operating Margin
24.0%
revenue minus expenses ÷ revenue
Employees
292
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$10.1M
▲ 57.2% / 5y
6.47.37.38.110.1
Expenses
$7.7M
▲ 21.3% / 5y
6.36.56.57.17.7
Total Assets
$17.1M
▲ 14.5% / 5y
14.915.015.015.317.1
Total Liabilities
$6.9M
▼ 23.2% / 5y
9.08.18.17.66.9

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$6.4M$7.3M$7.3M$8.1M$10.1M+57.2%
Expenses$6.3M$6.5M$6.5M$7.1M$7.7M+21.3%
Net surplus$104K$824K$824K$939K$2.4M+2238.9%
Total assets$14.9M$15.0M$15.0M$15.3M$17.1M+14.5%
Total liabilities$9.0M$8.1M$8.1M$7.6M$6.9M-23.2%
Net assets$5.9M$6.9M$6.9M$7.7M$10.1M+72.2%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther
Bret Coad
COO· 40h/wk
$238,021$25,697
David Swift
Golf Course Superintendent· 40h/wk
$167,285$23,417
Justin Freudenburg
PGA Golf Professional· 40h/wk
$143,840$3,032
Ryan Pederson
Executive Chef· 40h/wk
$108,662$15,278
Troy Johnson
Controller· 40h/wk
$77,490$7,999

+ 6 unpaid officers/directors as reported (Aaron Johnson-Immediate, Emily Thomas-President Elect, Gavin Plesec, +3 more)

Top contractors

FY24 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
Membership Dues & Assessments$6,138,132
Golf, Pool & Locker$977,046
Initiation Fees$574,366

MFounded in 1934, Minnehaha Country Club reported $10.08M of revenue for FY24, at an operating margin of 24.0%. Revenue moved up 25.1% 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
Form 990, FY2024 · period ending Thu Feb 29 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Tue Feb 28 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Feb 28 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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