Civic Intelligence

Valley Golf Association

990 • Fiscal year 2014 • EIN 23-7139538

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 03, 2015

Organization ProfileWWW.VALLEYGOLFEGF.COM
Pobox 461East Grand Forks, MN 56721

(218) 773-1207

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.68x

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

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.85x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

0.8%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$540,399

Down $76,452 (-12%) from 2013

Net Assets

Down

$170,337

Down $44,144 (-21%) from 2013

Liabilities

Down

$370,062

Down $32,308 (-8.0%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin20th percentile

Revenue

Up

$437,434

Up $3,575 (+0.8%) from 2013

Expenses

Up

$482,078

Up $32,725 (+7.3%) from 2013

Net Income

Down

-$44,644

Down $29,150 (-188%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$540,399
Liabilities$370,062
Net Assets$170,337
Open 2014 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$437,434
Expenses$482,078
Net Income-$44,644
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 3, 2015
Return Version
2014v5.0
Gross Receipts
$598,030
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$514,527$464,977▼ $49,550
Cap Stk Tr Prin Current Funds$280,400$280,900▲ $500
Cash and Non-Interest-Bearing Accounts$11,013$27,511▲ $16,498
Inventories for Sale or Use$22,967$25,949▲ $2,982
Savings and Temporary Cash Investments$65,603$16,818▼ $48,785
Accounts Receivable$2,741$5,144▲ $2,403
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-65,919$-110,563▼ $44,644
Total Assets$616,851$540,399▼ $76,452
Liabilities
Mortgage Notes Payable Secured by Investment Property$391,247$360,981▼ $30,266
Accounts Payable and Accrued Expenses$11,123$9,081▼ $2,042
Total Liabilities$402,370$370,062▼ $32,308
Net Assets / Fund Balance
Total Net Assets Fund Balance$214,481$170,337▼ $44,144
Total Liabilities and Net Assets / Fund Balance$616,851$540,399▼ $76,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$344,217$655,993$1,000,210
Equipment$82,507$720,070$802,577
Land$38,253-$38,253
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Don LeonardPresident
Jay FrydenlundVice President
Dave GarrettDirector
Kirk DriscollDirector
Tom BudgeDirector
Tom SpoorDirector
Larry SloanSecretary
Dan FilipiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$314,451
Investment Income
$15
Other Revenue
$121,968
All Other Contributions
$1,000
Change in Net Assets
$-44,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,415
Salaries, Compensation, and Employee Benefits$202,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$161,032$21,614-$182,646
All Other Expenses$58,156--$58,156
Depreciation Depletion$56,493--$56,493
Other Expenses$23,375--$23,375
Interest$17,735--$17,735
Payroll Taxes$15,171$2,036-$17,207
Insurance$14,198--$14,198
Advertising$2,700--$2,700
Office Expenses$2,580--$2,580
Other Employee Benefits$1,416--$1,416
Pension Plan Contributions$1,394--$1,394
Total Functional Expenses$458,428$23,650$0$482,078
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
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, Part VI, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, Line 11

“At this time, the organization does not have a process to review the 990. This is being addressed by the organization.”

Form 990, Part VI, Section C, Line 19

“The organization 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
POBOX 461, EAST GRAND FORKS, MN 56721

Signing Officer

Name
Jay Frydenlund
Title
Vice President
Phone
2187731207
Signed
2015-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Frydenlund
Formed
1971
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
45
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 790, THIEF RIVER FALLS, MN 56701
Preparer
David Onkka CPA
Phone
2186816265
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Utilities: program service expenses 16,702. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,702. Dues & prof. Fees: program service expenses 15,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,571. Gas & oil: program service expenses 10,842. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,842. Chemical,seed,fertilizer: program service expenses 10,585. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,585. Small tools & supplies: program service expenses 3,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,783. Telephone: program service expenses 611. Management and general expenses 0. Fundraising expenses 0. Total expenses 611. Landscaping: program service expenses 62. Management and general expenses 0. Fundraising expenses 0. Total expenses 62.”

FORM 990, PART XI, LINE 9:

“Common stock subscribed 500.”

Raw XML Appendix372 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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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-110563
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065603
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016818
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0344217
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0655993
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01000210
IRS990ScheduleD/EquipmentGrp/BookValueAmt082507
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0720070
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0802577
IRS990ScheduleD/LandGrp/BookValueAmt038253
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038253
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0464977
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt2AT THIS TIME, THE ORGANIZATION DOES NOT HAVE A PROCESS TO REVIEW THE 990. THIS IS BEING ADDRESSED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION 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/ExplanationTxt4UTILITIES: PROGRAM SERVICE EXPENSES 16,702. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,702. DUES & PROF. FEES: PROGRAM SERVICE EXPENSES 15,571. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,571. GAS & OIL: PROGRAM SERVICE EXPENSES 10,842. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,842. CHEMICAL,SEED,FERTILIZER: PROGRAM SERVICE EXPENSES 10,585. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,585. SMALL TOOLS & SUPPLIES: PROGRAM SERVICE EXPENSES 3,783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,783. TELEPHONE: PROGRAM SERVICE EXPENSES 611. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 611. LANDSCAPING: PROGRAM SERVICE EXPENSES 62. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMMON STOCK SUBSCRIBED 500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0616851
IRS990/TotalAssetsEOYAmt0540399
IRS990/TotalAssetsGrp/BOYAmt0616851
IRS990/TotalAssetsGrp/EOYAmt0540399
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023650
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458428
IRS990/TotalFunctionalExpensesGrp/TotalAmt0482078
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0402370
IRS990/TotalLiabilitiesEOYAmt0370062
IRS990/TotalLiabilitiesGrp/BOYAmt0402370
IRS990/TotalLiabilitiesGrp/EOYAmt0370062
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0214481
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0170337
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt033957
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt033957
IRS990/TotalProgramServiceExpensesAmt0458428
IRS990/TotalProgramServiceRevenueAmt0314451
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436419
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0437434
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0616851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0540399
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 461
IRS990/USAddress/CityNm0EAST GRAND FORKS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056721
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VALLEYGOLFEGF.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY FRYDENLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02187731207
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY GOLF ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0237139538
ReturnHeader/Filer/PhoneNum02187731207
ReturnHeader/Filer/USAddress/AddressLine1Txt0POBOX 461
ReturnHeader/Filer/USAddress/CityNm0EAST GRAND FORKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056721
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 790
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0THIEF RIVER FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056701
ReturnHeader/PreparerPersonGrp/PhoneNum02186816265
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID ONKKA CPA
ReturnHeader/ReturnTs02015-08-13T11:26:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$540,399
Liabilities
$370,062
Net assets
$170,337
Revenue
$437,434
Expenses
$482,078
Net income
-$44,644
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