Civic Intelligence

Valley Golf Association

990 • Fiscal year 2015 • EIN 23-7139538

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 01, 2016

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

0.69x

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

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.70x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Net Margin

29th percentile

-3.3%

Higher net margin than 29% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

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.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2015

Asset Growth

15th percentile

-8.8%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

11%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$493,088

Down $47,311 (-8.8%) from 2014

Net Assets

Down

$153,912

Down $16,425 (-9.6%) from 2014

Liabilities

Down

$339,176

Down $30,886 (-8.3%) from 2014

Revenue

Up

$487,381

Up $49,947 (+11%) from 2014

Expenses

Up

$503,306

Up $21,228 (+4.4%) from 2014

Net Income

Up

-$15,925

Up $28,719 (+64%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$493,088
Liabilities$339,176
Net Assets$153,912

Operations Trend

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

2015

Revenue$487,381
Expenses$503,306
Net Income-$15,925
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$625,543
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$464,977$434,498▼ $30,479
Cap Stk Tr Prin Current Funds$280,900$280,400▼ $500
Cash and Non-Interest-Bearing Accounts$27,511$30,522▲ $3,011
Inventories for Sale or Use$25,949$23,079▼ $2,870
Accounts Receivable$5,144$4,166▼ $978
Savings and Temporary Cash Investments$16,818$823▼ $15,995
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-110,563$-126,488▼ $15,925
Total Assets$540,399$493,088▼ $47,311
Liabilities
Mortgage Notes Payable Secured by Investment Property$360,981$329,299▼ $31,682
Accounts Payable and Accrued Expenses$9,081$9,877▲ $796
Total Liabilities$370,062$339,176▼ $30,886
Net Assets / Fund Balance
Total Net Assets Fund Balance$170,337$153,912▼ $16,425
Total Liabilities and Net Assets / Fund Balance$540,399$493,088▼ $47,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$310,066$690,144$1,000,210
Equipment$86,179$744,433$830,612
Land$38,253-$38,253
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jay FrydenlundPresident
Larry SloanVice President
Brian LoerDirector
Chad FrostDirector
Jim PerkinsDirector
Kirk DriscollDirector
Dave GarrettSecretary
Dan FilipiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,175
Program Service Revenue
$319,556
Investment Income
$2
Other Revenue
$158,648
All Other Contributions
$9,175
Change in Net Assets
$-15,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,825
Salaries, Compensation, and Employee Benefits$215,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$175,526$21,171-$196,697
All Other Expenses$72,544--$72,544
Depreciation Depletion$58,515--$58,515
Other Expenses$25,684--$25,684
Payroll Taxes$16,306$1,967-$18,273
Insurance$16,059--$16,059
Interest$15,315--$15,315
Advertising$3,141--$3,141
Office Expenses$2,504--$2,504
Pension Plan Contributions$511--$511
Total Functional Expenses$480,168$23,138$0$503,306
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 A, Line 8B

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

Form 990, Part VI, Section B, Line 11

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

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
President
Phone
2187731207
Signed
2016-09-01
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
42
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

Real estate taxes: program service expenses 21,308. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,308. Utilities: program service expenses 18,706. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,706. Dues & prof. Fees: program service expenses 15,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,875. Gas & oil: program service expenses 8,154. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,154. Small tools & supplies: program service expenses 6,064. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,064. Miscellaneous: program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Landscaping: program service expenses 800. Management and general expenses 0. Fundraising expenses 0. Total expenses 800. Telephone: program service expenses 637. Management and general expenses 0. Fundraising expenses 0. Total expenses 637.

FORM 990, PART XI, LINE 9:

Common stock subscribed -500.

Raw XML Appendix373 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/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0690144
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01000210
IRS990ScheduleD/EquipmentGrp/BookValueAmt086179
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0744433
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0830612
IRS990ScheduleD/LandGrp/BookValueAmt038253
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038253
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0434498
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/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE COMMITTEES BRING RECOMMENDATIONS TO THE GOVERNING BODY. NO DOCUMENTATION OF THE COMMITTEE MEETINGS IS KEPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WILL BE REVIEWED BY THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 21,308. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,308. UTILITIES: PROGRAM SERVICE EXPENSES 18,706. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,706. DUES & PROF. FEES: PROGRAM SERVICE EXPENSES 15,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,875. GAS & OIL: PROGRAM SERVICE EXPENSES 8,154. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,154. SMALL TOOLS & SUPPLIES: PROGRAM SERVICE EXPENSES 6,064. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,064. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. LANDSCAPING: PROGRAM SERVICE EXPENSES 800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 800. TELEPHONE: PROGRAM SERVICE EXPENSES 637. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 637.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMON 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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0540399
IRS990/TotalAssetsEOYAmt0493088
IRS990/TotalAssetsGrp/BOYAmt0540399
IRS990/TotalAssetsGrp/EOYAmt0493088
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09175
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023138
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0480168
IRS990/TotalFunctionalExpensesGrp/TotalAmt0503306
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0370062
IRS990/TotalLiabilitiesEOYAmt0339176
IRS990/TotalLiabilitiesGrp/BOYAmt0370062
IRS990/TotalLiabilitiesGrp/EOYAmt0339176
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0170337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153912
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt043959
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt043959
IRS990/TotalProgramServiceExpensesAmt0480168
IRS990/TotalProgramServiceRevenueAmt0319556
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0478204
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0487381
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0540399
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0493088
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY FRYDENLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02187731207
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-01
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/PreparationDt02016-09-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID ONKKA CPA
ReturnHeader/ReturnTs02016-09-13T09:44:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2015Detailed filing. Detailed filing data is available for this year.$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