Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
EIN 41-0218425 • 501(c)3 • Detroit Lakes, MN
Profile
Operate and maintain public golf course in the detroit lakes area; provide recreation for all ages
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Assets
Up$3,468,085
Up $468,335 (+16%) from 2023
Liabilities
Up$343,243
Up $149,381 (+77%) from 2023
Net Assets
Up$3,124,842
Up $318,954 (+11%) from 2023
Revenue
Up$1,964,538
Up $122,281 (+6.6%) from 2023
Expenses
Up$1,588,015
Up $212,985 (+15%) from 2023
Net Income
Down$376,523
Down $90,704 (-19%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Operate public golf course for city of detroit lakes
Operate public golf course for the city of detroit lakes
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,218,481 | $2,528,907 | ▲ $310,426 |
| Cash and Non-Interest-Bearing Accounts | $488,710 | $424,497 | ▼ $64,213 |
| Savings and Temporary Cash Investments | $150,000 | $358,168 | ▲ $208,168 |
| Inventories for Sale or Use | $48,292 | $75,686 | ▲ $27,394 |
| Prepaid Expenses and Deferred Charges | $13,761 | $17,938 | ▲ $4,177 |
| Pledges and Grants Receivable | $8,700 | $8,700 | → $0 |
| Total Assets | $2,999,750 | $3,468,085 | ▲ $468,335 |
| Other Assets Total | $71,806 | $54,189 | ▼ $17,617 |
| Liabilities | |||
| Other Liabilities | $60,413 | $200,764 | ▲ $140,351 |
| Unsecured Notes Loans Payable | $112,000 | $96,000 | ▼ $16,000 |
| Accounts Payable and Accrued Expenses | $79,018 | $46,479 | ▼ $32,539 |
| Total Liabilities | $251,431 | $343,243 | ▲ $91,812 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,739,619 | $3,116,142 | ▲ $376,523 |
| Net Assets With Donor Restrictions | $8,700 | $8,700 | → $0 |
| Total Net Assets Fund Balance | $2,748,319 | $3,124,842 | ▲ $376,523 |
| Total Liabilities and Net Assets / Fund Balance | $2,999,750 | $3,468,085 | ▲ $468,335 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $2,404,534 | $4,287,660 | $6,692,194 |
| Land | $124,373 | - | $124,373 |
| Name | Title |
|---|---|
| David Blomseth | President |
| Bruce Meyer | Director |
| Heidi Ostlie | Director |
| Jackie Schiller | Director |
| Jay Peterson | Director |
| Kelcey Klemm | Director |
| Vern Schnathorst | Director |
| Rhonda Fode | Secretary |
| John Flynn | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,588,015 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $259,768 | - | - | $259,768 |
| Other Expenses | $127,275 | $116,223 | - | $127,275 |
| Fees for Services Accounting | $15,314 | $81,397 | - | $96,711 |
| All Other Expenses | $87,269 | - | - | $87,269 |
| Occupancy | $45,902 | $2,563 | - | $48,465 |
| Insurance | $21,158 | - | - | $21,158 |
| Information Technology | $16,954 | - | - | $16,954 |
| Interest | $16,172 | - | - | $16,172 |
| Advertising | $3,178 | - | - | $3,178 |
| Office Expenses | $2,532 | - | - | $2,532 |
| Conferences and Meetings | - | $1,368 | - | $1,368 |
| Travel | $474 | - | - | $474 |
| Total Functional Expenses | $1,386,464 | $201,551 | $0 | $1,588,015 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $100,042 |
| Fundraising Direct Expenses | $55,815 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Pine to Palm Go | $100,042 | $100,042 | $29,708 | $70,334 |
| Total Events | $100,042 | $100,042 | $55,815 | $44,227 |
| Liability | Amount |
|---|---|
| Note Payable Mw | $160,657 |
| Right of Use Liability | $40,107 |
“Document to be reviewed by board at meeting”
“AVAILABLE UPON REQUEST”
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/Desc | 0 | THE ORGANIZATION OPERATES & MAINTAINS A PUBLIC GOLF COURSE FOR THE CITY OF DETROIT LAKES ON PROPERTY OWNED BY THE CITY OF DETROIT LAKES. THE OPERATIONS PROVIDED RECREATIONAL OPPORTUNITY TO APPROXIMATLEY 80,000 AREA RESIDENTS AND TOURISTS VISTING THE DETROIT LAKES AREA. ORGANIZATION ALSO PROVIDES FOOD AND REFRESHMENTS FOR MEMBERS OF DETROIT COUNTRY CLUB |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NOTE PAYABLE MW |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | RIGHT OF USE LIABILITY |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | AVAILABLE UPON REQUEST |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1588015 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TravelGrp/TotalAmt | 0 | 474 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
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| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 96000 |
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| IRS990/USAddress/CityNm | 0 | DETROIT LAKES |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 565020785 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | THOMAS DOLBY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | GENERAL MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2188475790 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-24 |
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