Civic Intelligence

Valley Golf Association

990 • Fiscal year 2023 • EIN 23-7139538

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 23, 2024

Organization ProfileWWW.VALLEYGOLFEGF.COM
PO Box 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

93rd percentile

0.72x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.47x

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

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Net Margin

32nd percentile

-1.8%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2023 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2023

Asset Growth

68th percentile

9.9%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$399,891

Up $36,186 (+9.9%) from 2022

Net Assets

Down

$113,467

Down $11,335 (-9.1%) from 2022

Liabilities

Up

$286,424

Up $47,521 (+20%) from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin32nd percentile

Revenue

Up

$607,415

Up $64,649 (+12%) from 2022

Expenses

Up

$618,250

Up $41,247 (+7.1%) from 2022

Net Income

Up

-$10,835

Up $23,402 (+68%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth68th 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 2023: $399,891Liabilities 2023: $286,424Net Assets 2023: $113,4672023Assets 2024: $501,318Liabilities 2024: $250,313Net Assets 2024: $251,0052024

Highlighted filing

2023

Assets$399,891
Liabilities$286,424
Net Assets$113,467
Open 2023 Filing

Operations Trend

Revenue Growth58th 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 2023: $607,415Expenses 2023: $618,250Net Income 2023: -$10,8352023Revenue 2024: $739,019Expenses 2024: $601,481Net Income 2024: $137,5382024

Highlighted filing

2023

Revenue$607,415
Expenses$618,250
Net Income-$10,835
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 23, 2024
Return Version
2023v5.0
Gross Receipts
$793,865
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$238,146$282,849▲ $44,703
Cap Stk Tr Prin Current Funds$280,400$279,900▼ $500
Savings and Temporary Cash Investments$38,477$62,650▲ $24,173
Cash and Non-Interest-Bearing Accounts$11,614$32,204▲ $20,590
Inventories for Sale or Use$61,534$22,053▼ $39,481
Rtn Earn Endowment Incm Other Fnds$-155,598$-166,433▼ $10,835
Total Assets$363,705$399,891▲ $36,186
Other Assets Total$13,934$135▼ $13,799
Liabilities
Mortgage Notes Payable Secured by Investment Property$169,911$214,567▲ $44,656
Accounts Payable and Accrued Expenses$45,880$51,800▲ $5,920
Deferred Revenue$23,112$20,057▼ $3,055
Total Liabilities$238,903$286,424▲ $47,521
Net Assets / Fund Balance
Total Net Assets Fund Balance$124,802$113,467▼ $11,335
Total Liabilities and Net Assets / Fund Balance$363,705$399,891▲ $36,186

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,198$963,012$1,000,210
Leasehold Improvements$23,040$577,019$600,059
Equipment$179,901$185,644$365,545
Other Land Buildings$4,457$41,032$45,489
Land$38,253-$38,253
Compensation and Service Providers
Top Officer Pay71st percentile

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
$750
Program Service Revenue
$431,611
Investment Income
$173
Other Revenue
$174,881
All Other Contributions
$750
Change in Net Assets
$-10,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$313,013
Other Expenses$305,237
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,994$1,559-$287,553
All Other Expenses$56,776--$56,776
Depreciation Depletion$55,328--$55,328
Fees for Services Accounting$37,128--$37,128
Payroll Taxes$23,276$119-$23,395
Insurance$20,967--$20,967
Other Expenses$20,304--$20,304
Interest$9,959--$9,959
Advertising$8,504--$8,504
Pension Plan Contributions$2,018$47-$2,065
Office Expenses$759--$759
Fees for Services Lobbying$8--$8
Total Functional Expenses$616,525$1,725$0$618,250
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
2024-07-23

Organization Details

Principal Officer
Chad Frost
Formed
1971
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
40

Preparer

Firm
Phil Thompson & Associates Llp
Address
120 E JOHNSON AVE, WARREN, MN 56762
Preparer
Taylor Ryan
Phone
2187454545
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Donation of capital stock -500”

Raw XML Appendix368 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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt037198
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0963012
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01000210
IRS990ScheduleD/EquipmentGrp/BookValueAmt0179901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185644
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0365545
IRS990ScheduleD/LandGrp/BookValueAmt038253
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038253
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023040
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0577019
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0600059
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04457
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041032
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045489
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0282849
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt5DONATION OF CAPITAL STOCK -500
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0363705
IRS990/TotalAssetsEOYAmt0399891
IRS990/TotalAssetsGrp/BOYAmt0363705
IRS990/TotalAssetsGrp/EOYAmt0399891
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0750
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01725
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0616525
IRS990/TotalFunctionalExpensesGrp/TotalAmt0618250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0238903
IRS990/TotalLiabilitiesEOYAmt0286424
IRS990/TotalLiabilitiesGrp/BOYAmt0238903
IRS990/TotalLiabilitiesGrp/EOYAmt0286424
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0113467
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt027705
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt027705
IRS990/TotalProgramServiceExpensesAmt0616525
IRS990/TotalProgramServiceRevenueAmt0431611
IRS990/TotalRevenueGrp/ExclusionAmt0173
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0606492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0607415
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0363705
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0399891
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VALLEYGOLFEGF.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD FROST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02187731207
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-23
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056721
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAYLOR RYAN
ReturnHeader/ReturnTs02024-08-07T11:15:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$399,891
Liabilities
$286,424
Net assets
$113,467
Revenue
$607,415
Expenses
$618,250
Net income
-$10,835
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
2023Detailed filing. Detailed filing data is available for this year.$4.00$2.86$1.13$6.07$6.18$0.11
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