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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Minnehaha Country Club

Sioux Falls, SD · founded 1934

13 filings on recordFY 2012–2024medium confidence

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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

Expenses

$7.7M

▲ 21.3% / 5y

Total Assets

$17.1M

▲ 14.5% / 5y

Total Liabilities

$6.9M

▼ 23.2% / 5y

Year-on-year detail

from IRS Form 990

Line	FY20	FY21	FY22	FY23	FY24	Δ 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 · Employee	Reportable	Other
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 item	Amount
Membership Dues & Assessments	$6,138,132
Golf, Pool & Locker	$977,046
Initiation Fees	$574,366

Balance sheet & capital

FY24 · IRS Form 990, Part X

Mortgages & notes payable

$5.4M

▼ $897K paid down

Net land, buildings & equipment

$12.2M

book value, net of depreciation

Facility age

52%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY24 · Form 990, Part IX

Insurance	$169,749
Occupancy	$517,401
Depreciation & depletion	$877,819
Advertising & promotion	$68,838
Office expenses	$64,498
Legal fees	$6,674
Accounting fees	$30,540
Other professional fees	$56,231

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

MINNEHAHA COUNTRY CLUB 401(K) PLAN

pension · 81 participants · $2.4M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

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)

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