Civic Intelligence

Valley Golf Association

EIN 23-7139538 • 501(c)4 • East Grand Forks, MN

Profile

To provide a recreational golf facility whose program services serve the residents of east grand forks, minnesota

PO Box 461East Grand Forks, MN 56721

www.valleygolfegf.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.50x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.34x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

67th percentile

19%

Higher net margin than 67% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

85th percentile

25%

Faster asset growth than 85% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

22%

Faster revenue growth than 71% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$501,318

Up $137,613 (+38%) from 2022

Liabilities

Up

$250,313

Up $11,410 (+4.8%) from 2022

Net Assets

Up

$251,005

Up $126,203 (+101%) from 2022

Revenue

Up

$739,019

Up $196,253 (+36%) from 2022

Expenses

Up

$601,481

Up $24,478 (+4.2%) from 2022

Net Income

Up

$137,538

Up $171,775 (+502%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $783,930Liabilities 2010: $497,856Net Assets 2010: $286,0742010Assets 2011: $719,287Liabilities 2011: $471,675Net Assets 2011: $247,6122011Assets 2012: $667,159Liabilities 2012: $437,184Net Assets 2012: $229,9752012Assets 2013: $616,851Liabilities 2013: $402,370Net Assets 2013: $214,4812013Assets 2014: $540,399Liabilities 2014: $370,062Net Assets 2014: $170,3372014Assets 2015: $493,088Liabilities 2015: $339,176Net Assets 2015: $153,9122015Assets 2016: $451,962Liabilities 2016: $349,824Net Assets 2016: $102,1382016Assets 2017: $416,692Liabilities 2017: $366,688Net Assets 2017: $50,0042017Assets 2018: $386,248Liabilities 2018: $329,858Net Assets 2018: $56,3902018Assets 2020: $494,504Liabilities 2020: $342,304Net Assets 2020: $152,2002020Assets 2021: $456,380Liabilities 2021: $297,341Net Assets 2021: $159,0392021Assets 2022: $363,705Liabilities 2022: $238,903Net Assets 2022: $124,8022022Assets 2024: $501,318Liabilities 2024: $250,313Net Assets 2024: $251,0052024

Highlighted filing

2024

Assets$501,318
Liabilities$250,313
Net Assets$251,005

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $498,4932010Expenses 2011: $437,8562011Expenses 2012: $473,8352012Revenue 2013: $433,859Expenses 2013: $449,353Net Income 2013: -$15,4942013Revenue 2014: $437,434Expenses 2014: $482,078Net Income 2014: -$44,6442014Revenue 2015: $487,381Expenses 2015: $503,306Net Income 2015: -$15,9252015Revenue 2016: $481,429Expenses 2016: $533,703Net Income 2016: -$52,2742016Revenue 2017: $466,382Expenses 2017: $517,910Net Income 2017: -$51,5282017Revenue 2018: $507,714Expenses 2018: $501,328Net Income 2018: $6,3862018Revenue 2020: $584,251Expenses 2020: $471,909Net Income 2020: $112,3422020Revenue 2021: $588,521Expenses 2021: $581,682Net Income 2021: $6,8392021Revenue 2022: $542,766Expenses 2022: $577,003Net Income 2022: -$34,2372022Revenue 2024: $739,019Expenses 2024: $601,481Net Income 2024: $137,5382024

Highlighted filing

2024

Revenue$739,019
Expenses$601,481
Net Income$137,538

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$2.50$2.51$7.39$6.01$1.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$2.39$1.25$5.43$5.77$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.56$2.97$1.59$5.89$5.82$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$3.42$1.52$5.84$4.72$1.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$3.30$0.56$5.08$5.01$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$3.67$0.50$4.66$5.18$0.52
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$3.50$1.02$4.81$5.34$0.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$3.39$1.54$4.87$5.03$0.16
2014Detailed filing. Detailed filing data is available for this year.$5.40$3.70$1.70$4.37$4.82$0.45
2013Detailed filing. Detailed filing data is available for this year.$6.17$4.02$2.14$4.34$4.49$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$4.37$2.30$4.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.19$4.72$2.48$4.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.84$4.98$2.86$4.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.0
Gross Receipts
$911,764
Mission and Program Overview

Mission

To provide a recreational golf facility whose program services serve the residents of east grand forks, minnesota.

Recreational golf facility whose program services serve the residents of east grand forks, minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$282,849$287,512▲ $4,663
Cap Stk Tr Prin Current Funds$279,900$279,900→ $0
Savings and Temporary Cash Investments$62,650$163,002▲ $100,352
Cash and Non-Interest-Bearing Accounts$32,204$29,094▼ $3,110
Inventories for Sale or Use$22,053$21,535▼ $518
Rtn Earn Endowment Incm Other Fnds$-166,433$-28,895▲ $137,538
Total Assets$399,891$501,318▲ $101,427
Other Assets Total$135$175▲ $40
Liabilities
Mortgage Notes Payable Secured by Investment Property$214,567$183,387▼ $31,180
Accounts Payable and Accrued Expenses$51,800$49,008▼ $2,792
Deferred Revenue$20,057$17,918▼ $2,139
Total Liabilities$286,424$250,313▼ $36,111
Net Assets / Fund Balance
Total Net Assets Fund Balance$113,467$251,005▲ $137,538
Total Liabilities and Net Assets / Fund Balance$399,891$501,318▲ $101,427

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,265$997,776$1,046,041
Leasehold Improvements$21,557$578,502$600,059
Equipment$175,856$209,553$385,409
Other Land Buildings$3,581$41,908$45,489
Land$38,253-$38,253
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chad FrostPresident
Andrew RobertsonDirector
Cory Von RuedenDirector
Mark MillerDirector
Steve RistauDirector
Jim EnrightSecretary
Brian LoerTreasurer
Kevin WeberVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$519,122
Investment Income
$352
Other Revenue
$217,545
All Other Contributions
$2,000
Change in Net Assets
$137,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$320,046
Other Expenses$281,435
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$290,166$1,021-$291,187
Depreciation Depletion$61,032--$61,032
Fees for Services Accounting$49,564--$49,564
All Other Expenses$37,703--$37,703
Payroll Taxes$25,390$78-$25,468
Insurance$23,251--$23,251
Other Expenses$17,268--$17,268
Interest$10,643--$10,643
Advertising$7,821--$7,821
Pension Plan Contributions$3,360$31-$3,391
Office Expenses$651--$651
Fees for Services Lobbying$64--$64
Total Functional Expenses$600,351$1,130$0$601,481
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Individuals may become stockholders by purchasing stock of the organization at a stated price.

Form 990, Page 6, Part VI, Line 7A

An annual meeting is held to elect board members for the organization.

Form 990, Page 6, Part VI, Line 8B

There are no committees with authority to act on behalf of the governing body. The committees bring recommendations to the gorverning body. No domumentation of the comittee meetings is kept.

Form 990, Page 6, Part VI, Line 11B

The 990 will be reviewed by the board members prior to filing.

Form 990, Page 6, Part VI, Line 19

The oraganization provides a name, address and phone number for which the public may request copies of the organization's governing documents policies, and financial statements on their website.

Filing and Contact Details

Filer

Filer Name
Valley Golf Association
EIN
23-7139538
Phone
2187731207
Address
PO BOX 461, EAST GRAND FORKS, MN 56721

Signing Officer

Name
Chad Frost
Title
President
Phone
2187731207
Signed
2025-10-22

Organization Details

Principal Officer
Chad Frost
Formed
1971
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
42

Preparer

Firm
Phil Thompson & Associates Llp
Address
120 E JOHNSON AVE, WARREN, MN 56762
Preparer
Taylor Ryan
Phone
2187454545
Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIVIDUALS MAY BECOME STOCKHOLDERS BY PURCHASING STOCK OF THE ORGANIZATION AT A STATED PRICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ANNUAL MEETING IS HELD TO ELECT BOARD MEMBERS FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE COMMITTEES BRING RECOMMENDATIONS TO THE GORVERNING BODY. NO DOMUMENTATION OF THE COMITTEE MEETINGS IS KEPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WILL BE REVIEWED BY THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORAGANIZATION PROVIDES A NAME, ADDRESS AND PHONE NUMBER FOR WHICH THE PUBLIC MAY REQUEST COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS POLICIES, AND FINANCIAL STATEMENTS ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD FROST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02187731207
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY GOLF ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0237139538
ReturnHeader/Filer/PhoneNum02187731207
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 461
ReturnHeader/Filer/USAddress/CityNm0EAST GRAND FORKS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202082355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PHIL THOMPSON & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 E JOHNSON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARREN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056762
ReturnHeader/PreparerPersonGrp/PhoneNum02187454545
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAYLOR RYAN
ReturnHeader/ReturnTs02025-10-24T14:44:44-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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