LAUR501(c)(7) · MEDIUMNAICS 713910EIN 81-0299939
Laurel Golf Club
Laurel, MT · founded 1969
13 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$2.37M
▲ 422.2% YoY
FY22 Total Expenses
$2.04M
▲ 345.5% YoY
Operating Margin
13.8%
revenue minus expenses ÷ revenue
Employees
79
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2022 · as filed
Revenue
$2.4M
▲ 40.4% / 5y
Expenses
$2.0M
▲ 24.7% / 5y
Total Assets
$9.8M
▲ 196.7% / 5y
Total Liabilities
$6.5M
▲ 1245.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.7M | $454K | $454K | $454K | $2.4M | +40.4% |
| Expenses | $1.6M | $459K | $459K | $459K | $2.0M | +24.7% |
| Net surplus | $49K | -$5K | -$5K | -$5K | $327K | +567.6% |
| Total assets | $3.3M | $5.4M | $5.4M | $5.4M | $9.8M | +196.7% |
| Total liabilities | $485K | $2.4M | $2.4M | $2.4M | $6.5M | +1245.4% |
| Net assets | $2.8M | $3.0M | $3.0M | $3.0M | $3.3M | +17.3% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JENNIFER NELSON ASSISTANT TREASURER· 1h/wk | $79,613 | — |
+ 8 unpaid officers/directors as reported (BOB ADKINS, DRAKE WEBINGER, ERIC HOLDEN, +5 more)
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| GOLF CART FEES | $206,879 |
| GREEN FEES | $102,045 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$4.7M
▲ $3.7M new borrowing
Net land, buildings & equipment
$3.0M
book value, net of depreciation
Facility age
31%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $34,622 |
| Depreciation & depletion | $137,803 |
| Accounting fees | $5,590 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE 401(K) SOLUTION FBO LAUREL GOLF CLUB
pension · 24 participants · $555K assets · FY2024
LFounded in 1969, Laurel Golf Club reported $2.37M of revenue for FY22, at an operating margin of 13.8%. Revenue moved up 422.2% 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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