Civic Intelligence

The Minikahda Club

990 • Fiscal year 2015 • EIN 41-0414040

Nov 01, 2014 to Oct 31, 2015 • Filed on Jun 17, 2016

3205 Excelsior BlvdMinneapolis, MN 55416-4680

(612) 926-1601

Siviq Scores

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

Liabilities / Assets

20th percentile

0.13x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

15th percentile

0.21x

Higher debt load relative to revenue than 15% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Net Margin

27th percentile

-2.6%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

72nd percentile

$264,957

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Asset Growth

29th percentile

-1.8%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

34th percentile

0.8%

Faster revenue growth than 34% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$13,933,785

Down $253,340 (-1.8%) from 2014

Net Assets

Down

$12,183,048

Down $217,007 (-1.8%) from 2014

Liabilities

Down

$1,750,737

Down $36,333 (-2.0%) from 2014

Revenue

Up

$8,389,414

Up $70,061 (+0.8%) from 2014

Expenses

Down

$8,606,421

Down $85,371 (-1.0%) from 2014

Net Income

Up

-$217,007

Up $155,432 (+42%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $14,807,093Liabilities 2010: $1,791,262Net Assets 2010: $13,015,8312010Assets 2011: $15,172,248Liabilities 2011: $2,148,160Net Assets 2011: $13,024,0882011Assets 2012: $14,714,458Liabilities 2012: $1,634,032Net Assets 2012: $13,080,4262012Assets 2013: $14,462,951Liabilities 2013: $1,690,457Net Assets 2013: $12,772,4942013Assets 2014: $14,187,125Liabilities 2014: $1,787,070Net Assets 2014: $12,400,0552014Assets 2015: $13,933,785Liabilities 2015: $1,750,737Net Assets 2015: $12,183,0482015Assets 2016: $13,893,704Liabilities 2016: $1,411,711Net Assets 2016: $12,481,9932016Assets 2017: $13,518,947Liabilities 2017: $1,121,839Net Assets 2017: $12,397,1082017Assets 2018: $17,051,121Liabilities 2018: $1,636,364Net Assets 2018: $15,414,7572018Assets 2019: $18,752,788Liabilities 2019: $1,744,602Net Assets 2019: $17,008,1862019Assets 2020: $18,656,527Liabilities 2020: $2,070,127Net Assets 2020: $16,586,4002020Assets 2021: $19,863,034Liabilities 2021: $3,493,821Net Assets 2021: $16,369,2132021Assets 2022: $18,695,015Liabilities 2022: $3,170,401Net Assets 2022: $15,524,6142022Assets 2023: $18,587,570Liabilities 2023: $3,751,502Net Assets 2023: $14,836,0682023Assets 2024: $24,885,266Liabilities 2024: $4,315,532Net Assets 2024: $20,569,7342024Assets 2025: $27,267,942Liabilities 2025: $3,564,970Net Assets 2025: $23,702,9722025

Highlighted filing

2015

Assets$13,933,785
Liabilities$1,750,737
Net Assets$12,183,048

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2010: $7,592,5382010Expenses 2011: $7,646,2092011Expenses 2012: $7,915,4742012Revenue 2013: $7,926,268Expenses 2013: $8,234,200Net Income 2013: -$307,9322013Revenue 2014: $8,319,353Expenses 2014: $8,691,792Net Income 2014: -$372,4392014Revenue 2015: $8,389,414Expenses 2015: $8,606,421Net Income 2015: -$217,0072015Revenue 2016: $9,041,594Expenses 2016: $8,742,649Net Income 2016: $298,9452016Revenue 2017: $9,286,224Expenses 2017: $9,371,109Net Income 2017: -$84,8852017Revenue 2018: $12,517,381Expenses 2018: $9,499,732Net Income 2018: $3,017,6492018Revenue 2019: $11,206,520Expenses 2019: $9,613,091Net Income 2019: $1,593,4292019Revenue 2020: $8,620,184Expenses 2020: $9,041,970Net Income 2020: -$421,7862020Revenue 2021: $10,512,788Expenses 2021: $10,729,975Net Income 2021: -$217,1872021Revenue 2022: $4,104,016Expenses 2022: $4,571,009Net Income 2022: -$466,9932022Revenue 2023: $13,283,064Expenses 2023: $13,971,610Net Income 2023: -$688,5462023Revenue 2024: $19,917,197Expenses 2024: $14,183,531Net Income 2024: $5,733,6662024Revenue 2025: $18,035,571Expenses 2025: $14,902,333Net Income 2025: $3,133,2382025

Highlighted filing

2015

Revenue$8,389,414
Expenses$8,606,421
Net Income-$217,007
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Jun 17, 2016
Return Version
2014v6.0
Gross Receipts
$10,294,261
Mission and Program Overview

Mission

The members shall preserve, protect, promote and pass on the minikahda club legacy, traditions, and values and adapt and prepare for the future with sound financial management.

The minikahda club provides the membership a superior social and recreational experience based on the values of family, fellowship, integrity, respect, and inclusiveness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,059,149$9,175,257▲ $116,108
Savings and Temporary Cash Investments$3,003,608$2,715,664▼ $287,944
Accounts Receivable$864,472$940,057▲ $75,585
Cash and Non-Interest-Bearing Accounts$511,515$443,525▼ $67,990
Inventories for Sale or Use$233,296$249,297▲ $16,001
Prepaid Expenses and Deferred Charges$13,870$23,968▲ $10,098
Total Assets$14,187,125$13,933,785▼ $253,340
Other Assets Total$501,215$386,017▼ $115,198
Liabilities
Accounts Payable and Accrued Expenses$830,564$878,611▲ $48,047
Deferred Revenue$455,291$486,109▲ $30,818
Other Liabilities$501,215$386,017▼ $115,198
Total Liabilities$1,787,070$1,750,737▼ $36,333
Net Assets / Fund Balance
Unrestricted Net Assets$12,400,055$12,183,048▼ $217,007
Total Net Assets Fund Balance$12,400,055$12,183,048▼ $217,007
Total Liabilities and Net Assets / Fund Balance$14,187,125$13,933,785▼ $253,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,169,939$8,549,592$11,719,531
Other Land Buildings$3,170,612$5,454,504$8,625,116
Equipment$2,249,208$5,094,821$7,344,029
Land$585,498-$585,498
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim JenningsGeneral ManagerFT$181,879$83,078$264,957
Ferris ShifferExecutive ChefFT$130,734$16,054$146,788
Jeff JohnsonGrounds SuperintendentFT$134,358$7,750$142,108
Kellie HoinessGolf ProFT$110,383$25,571$135,954
Marcia BellingerControllerFT$79,020$12,548$91,568

Board Members and Trustees

NameTitle
Molly ClarkGolf Committee Chair
Bill MillerPast President
Tim MurphyPresident
Tom AboodVice President
Annie CroninDirector
Aurthur IdeDirector
Bob MacdonaldDirector
Doug DegroodDirector
Molly CroninDirector
NANCY O'SHAEDirector
Nii QuayeDirector
David CrosbySecretary
Ann FerreiraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,759,213
Investment Income
$16,867
Other Revenue
$2,613,334
Change in Net Assets
$-217,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,025,780
Revenue Not Reported on Financial Statements
$363,634
Revenue Not Reported on Form 990
$1,904,847
Other Revenue Adjustments
$363,634
Total Revenue per Audited Statements
$9,930,627
Total Revenue per Form 990
$8,389,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,107,832
Other Expenses$3,498,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,051,105
Depreciation Depletion---$1,109,899
Occupancy---$635,789
Insurance---$414,759
Payroll Taxes---$403,030
Current Officers, Directors, Trustees, and Key Employees---$373,226
Office Expenses---$232,338
All Other Expenses---$177,158
Pension Plan Contributions---$157,111
Other Employee Benefits---$123,360
Other Expenses---$78,141
Advertising---$32,286
Fees for Services Accounting---$21,833
Fees for Services Legal---$12,570
Travel---$5,382
Fees for Services Other---$4,477
Total Functional Expenses$0$0$0$8,606,421

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,147,634
Total Expenses per Form 990$8,606,421
Expenses per Audited Statements$8,242,787
Expenses Not Reported on Form 990$1,904,847
Expenses Not Reported on Financial Statements$363,634
Other Expense Adjustments$363,634
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation and Retirement Agreements$386,017
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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

The minikahda club has resident members, non-resident members, special non-resident members, honorary members, associate members, and clergy. Resident members are those who reside in hennepin county or ramsey county or any other county contiguous to either of these counties in minnesota. Non-resident members are those who are not residents of hennepin county or ramsey county or any county contiguous to either of those counties and who do not ordinarily expect to be present within any of said counties for more than 30 days during the period from may 1 to october 1 of each year. Honorary members are persons chosen because of their position in the community or because of their contributions to golf and minikahda, in the opinion of the board of governors. Associate members are those children of resident members under the age of 23 or under age 25 and a full time student. A child of a non-resident member who previously has been a resident member for at least 15 years, a special non-resident member or a senior member who is between the ages of 23 and 35 years and the spouse of such child shall be eligible for election as an associate member, except that, for parents elected to membership after may 31, 1999, associate membership shall not be available to their children until one year has passed from the date the parents were first elected to resident or special non-resident membership. Clergy acting as regular pastors of established congregations in hennepin county which contain a substantial representation of members of the club and career consuls, and the spouses of such persons, may be given the privileges of the club by vote of the board of governors.

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

The president, vice president, secretary, and treasurer of the club are chosen from the members of the club at annual meetings through a majority of the votes of all the members present at said meetings.

Form 990, Part VI, Section B, Line 11

The form 990 will be reviewed by the finance committee and will be filed after their review.

Form 990, Part VI, Section B, Line 15

Pay for key employees such as the general manager is subject to annual review by the board and/or by the business operations committee.

Form 990, Part VI, Section C, Line 19

The minikahda club does not make these documents available to non-members of the club.

Filing and Contact Details

Filer

Filer Name
The Minikahda Club
EIN
41-0414040
Phone
6129261601
Address
3205 EXCELSIOR BLVD, MINNEAPOLIS, MN 55416-4680

Signing Officer

Name
Marcia Bellinger
Title
Controller
Phone
6129261601
Signed
2016-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Jennings
Formed
1898
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
322
Volunteers
0

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed from the prior year. The minikahda club has a board of governors that, along with the officers, is responsible for the oversight of the audit of the financial statements.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,904,847.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Food and beverage service charges 363,634.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,904,847.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Food and beverage service charges 363,634.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6GOLF COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt15GOLF PRO
IRS990/Form990PartVIISectionAGrp/TitleTxt16GROUNDS SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE CHEF
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01898
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010294261
IRS990/GrossReceiptsForPublicUseAmt01159689
IRS990/GrossSalesOfInventoryAmt04518181
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InitiationFeesAndCapContriAmt0948230
IRS990/InsuranceGrp/TotalAmt0414759
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0233296
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0249297
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016867
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt016867
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019098917
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09059149
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09175257
IRS990/LandBldgEquipCostOrOtherBssAmt028274174
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MEMBERS SHALL PRESERVE, PROTECT, PROMOTE AND PASS ON THE MINIKAHDA CLUB LEGACY, TRADITIONS, AND VALUES AND ADAPT AND PREPARE FOR THE FUTURE WITH SOUND FINANCIAL MANAGEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012400055
IRS990/NetAssetsOrFundBalancesEOYAmt012183048
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01893018
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02613334
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0720316
IRS990/NetUnrelatedBusTxblIncmAmt014451
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0635789
IRS990/OfficeExpensesGrp/TotalAmt0232338
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0501215
IRS990/OtherAssetsTotalGrp/EOYAmt0386017
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0123360
IRS990/OtherExpensesGrp/Desc0UBI TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1UPKEEP & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ENTERTAINMENT & EVENT E
IRS990/OtherExpensesGrp/Desc3LAUNDRY & UNIFORM
IRS990/OtherExpensesGrp/TotalAmt03173
IRS990/OtherExpensesGrp/TotalAmt1567531
IRS990/OtherExpensesGrp/TotalAmt2203253
IRS990/OtherExpensesGrp/TotalAmt378141
IRS990/OtherLiabilitiesGrp/BOYAmt0501215
IRS990/OtherLiabilitiesGrp/EOYAmt0386017
IRS990/OtherSalariesAndWagesGrp/TotalAmt04051105
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0403030
IRS990/PensionPlanContributionsGrp/TotalAmt0157111
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013870
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023968
IRS990/PrincipalOfficerNm0JIM JENNINGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/BusinessCd3713910
IRS990/ProgramServiceRevenueGrp/BusinessCd4713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2GREEN FEES
IRS990/ProgramServiceRevenueGrp/Desc3TENNIS, SWIMMING, LOCKER REVENUES
IRS990/ProgramServiceRevenueGrp/Desc4CART RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03998718
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1948230
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2314316
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3150815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4138607
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03998718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1948230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2349316
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3150815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4138607
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt035000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016711
IRS990/PYOtherExpensesAmt03786080
IRS990/PYOtherRevenueAmt02640429
IRS990/PYProgramServiceRevenueAmt05662213
IRS990/PYRevenuesLessExpensesAmt0-372439
IRS990/PYSalariesCompEmpBnftPaidAmt04905712
IRS990/PYTotalExpensesAmt08691792
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08319353
IRS990/ReconcilationRevenueExpnssAmt0-217007
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03003608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02715664
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03169939
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08549592
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011719531
IRS990ScheduleD/EquipmentGrp/BookValueAmt02249208
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05094821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07344029
IRS990ScheduleD/ExpensesNotReportedAmt01904847
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0363634
IRS990ScheduleD/ExpensesSubtotalAmt08242787
IRS990ScheduleD/LandGrp/BookValueAmt0585498
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0585498
IRS990ScheduleD/OtherExpensesIncludedAmt01904847
IRS990ScheduleD/OtherExpensesNotIncludedAmt0363634
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03170612
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05454504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08625116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0386017
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION AND RETIREMENT AGREEMENTS
IRS990ScheduleD/OtherRevenueAmt01904847
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0363634
IRS990ScheduleD/RevenueNotReportedAmt01904847
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0363634
IRS990ScheduleD/RevenueSubtotalAmt08025780
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 1,904,847.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FOOD AND BEVERAGE SERVICE CHARGES 363,634.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 1,904,847.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FOOD AND BEVERAGE SERVICE CHARGES 363,634.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09175257
IRS990ScheduleD/TotalExpensesPerForm990Amt08606421
IRS990ScheduleD/TotalLiabilityAmt0386017
IRS990ScheduleD/TotalRevenuePerForm990Amt08389414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09930627
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010147634
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0181879
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010598
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt028241
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JIM JENNINGS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0264957
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0LIST OF OFFICERS, DIRECTORS AND KEY EMPLOYEES INSURED THROUGH A SPLIT DOLLAR LIFE INSURANCE POLICY: NAME - INCREASE IN CASH SURRENDER VALUE: JIM JENNINGS - $5,743 JEFF JOHNSON - $5,553 FERRIS SHIFFER - $9,234 NAME - DECREASE IN CASH SURRENDER VALUE: DOUG NELSON - $115,485 KARL RIGELMAN - $20,234 THE CLUB HAS DEFERRED COMPENSATION AGREEMENTS WITH FIVE KEY EMPLOYEES. UNDER THE AGREEMENTS, THE CLUB HAS PURCHASED SPLIT-DOLLAR LIFE INSURANCE POLICIES AND THE EMPLOYEES VEST IN THE PREMIUMS PAID BY THE CLUB OVER A TEN-YEAR PERIOD. THE CASH SURRENDER VALUES OF THESE POLICIES ARE COLLATERALLY ASSIGNED TO THE CLUB. IN THE EVENT OF DEATH OF THE KEY EMPLOYEES, THE CLUB IS ENTITLED TO RECEIVE THE CASH SURRENDER VALUE OF THE SPLIT-DOLLAR POLICIES UP TO THE CUMULATIVE PREMIUMS PAID. IF THE KEY EMPLOYEES TERMINATE EMPLOYMENT, THE COLLATERAL ASSIGNMENT IS RELEASED AND THE CLUB WOULD REPORT INCOME TO THE EMPLOYEE FOR THE CASH VALUE OF THE POLICY, AND THE DEFERRED COMPENSATION AGREEMENT WOULD BE CONCLUDED. THE CLUB HAS RECORDED AN ASSET AND LIABILITY IN THE AMOUNT OF $386,017 AND $501,206 RELATED TO THE CASH SURRENDER VALUES OF THE LIFE INSURANCE POLICIES AT OCTOBER 31, 2015 AND 2014. DEFERRED COMPENSATION EXPENSE OF APPROXIMATELY $13,000 AND $21,000 WAS RECOGNIZED FOR EACH OF THE YEARS ENDED OCTOBER 31, 2015 AND 2014, RESPECTIVELY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MINIKAHDA CLUB HAS RESIDENT MEMBERS, NON-RESIDENT MEMBERS, SPECIAL NON-RESIDENT MEMBERS, HONORARY MEMBERS, ASSOCIATE MEMBERS, AND CLERGY. RESIDENT MEMBERS ARE THOSE WHO RESIDE IN HENNEPIN COUNTY OR RAMSEY COUNTY OR ANY OTHER COUNTY CONTIGUOUS TO EITHER OF THESE COUNTIES IN MINNESOTA. NON-RESIDENT MEMBERS ARE THOSE WHO ARE NOT RESIDENTS OF HENNEPIN COUNTY OR RAMSEY COUNTY OR ANY COUNTY CONTIGUOUS TO EITHER OF THOSE COUNTIES AND WHO DO NOT ORDINARILY EXPECT TO BE PRESENT WITHIN ANY OF SAID COUNTIES FOR MORE THAN 30 DAYS DURING THE PERIOD FROM MAY 1 TO OCTOBER 1 OF EACH YEAR. HONORARY MEMBERS ARE PERSONS CHOSEN BECAUSE OF THEIR POSITION IN THE COMMUNITY OR BECAUSE OF THEIR CONTRIBUTIONS TO GOLF AND MINIKAHDA, IN THE OPINION OF THE BOARD OF GOVERNORS. ASSOCIATE MEMBERS ARE THOSE CHILDREN OF RESIDENT MEMBERS UNDER THE AGE OF 23 OR UNDER AGE 25 AND A FULL TIME STUDENT. A CHILD OF A NON-RESIDENT MEMBER WHO PREVIOUSLY HAS BEEN A RESIDENT MEMBER FOR AT LEAST 15 YEARS, A SPECIAL NON-RESIDENT MEMBER OR A SENIOR MEMBER WHO IS BETWEEN THE AGES OF 23 AND 35 YEARS AND THE SPOUSE OF SUCH CHILD SHALL BE ELIGIBLE FOR ELECTION AS AN ASSOCIATE MEMBER, EXCEPT THAT, FOR PARENTS ELECTED TO MEMBERSHIP AFTER MAY 31, 1999, ASSOCIATE MEMBERSHIP SHALL NOT BE AVAILABLE TO THEIR CHILDREN UNTIL ONE YEAR HAS PASSED FROM THE DATE THE PARENTS WERE FIRST ELECTED TO RESIDENT OR SPECIAL NON-RESIDENT MEMBERSHIP. CLERGY ACTING AS REGULAR PASTORS OF ESTABLISHED CONGREGATIONS IN HENNEPIN COUNTY WHICH CONTAIN A SUBSTANTIAL REPRESENTATION OF MEMBERS OF THE CLUB AND CAREER CONSULS, AND THE SPOUSES OF SUCH PERSONS, MAY BE GIVEN THE PRIVILEGES OF THE CLUB BY VOTE OF THE BOARD OF GOVERNORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER OF THE CLUB ARE CHOSEN FROM THE MEMBERS OF THE CLUB AT ANNUAL MEETINGS THROUGH A MAJORITY OF THE VOTES OF ALL THE MEMBERS PRESENT AT SAID MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE AND WILL BE FILED AFTER THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAY FOR KEY EMPLOYEES SUCH AS THE GENERAL MANAGER IS SUBJECT TO ANNUAL REVIEW BY THE BOARD AND/OR BY THE BUSINESS OPERATIONS COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MINIKAHDA CLUB DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO NON-MEMBERS OF THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE MINIKAHDA CLUB HAS A BOARD OF GOVERNORS THAT, ALONG WITH THE OFFICERS, IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.
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 B, LINE 15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$27.3$3.56$23.7$18.0$14.9$3.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$4.32$20.6$19.9$14.2$5.73
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$3.75$14.8$13.3$14.0$0.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$3.17$15.5$4.10$4.57$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$3.49$16.4$10.5$10.7$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$2.07$16.6$8.62$9.04$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$1.74$17.0$11.2$9.61$1.59
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$1.64$15.4$12.5$9.50$3.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$1.12$12.4$9.29$9.37$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$1.41$12.5$9.04$8.74$0.30
2015Detailed filing. Detailed filing data is available for this year.$13.9$1.75$12.2$8.39$8.61$0.22
2014Detailed filing. Detailed filing data is available for this year.$14.2$1.79$12.4$8.32$8.69$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$1.69$12.8$7.93$8.23$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$1.63$13.1$7.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$2.15$13.0$7.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$1.79$13.0$7.59