Civic Intelligence

The Minikahda Club

990 • Fiscal year 2016 • EIN 41-0414040

Nov 01, 2015 to Oct 31, 2016 • Filed on Sep 06, 2017

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

15th percentile

0.10x

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

2016 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

9th percentile

0.16x

Higher debt load relative to revenue than 9% of similar nonprofits.

2016 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2016

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$264,957

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2016 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2016

Asset Growth

42nd percentile

-0.3%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

7.8%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$13,893,704

Down $40,081 (-0.3%) from 2015

Net Assets

Up

$12,481,993

Up $298,945 (+2.5%) from 2015

Liabilities

Down

$1,411,711

Down $339,026 (-19%) from 2015

Revenue

Up

$9,041,594

Up $652,180 (+7.8%) from 2015

Expenses

Up

$8,742,649

Up $136,228 (+1.6%) from 2015

Net Income

Up

$298,945

Up $515,952 (+238%) from 2015

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

2016

Assets$13,893,704
Liabilities$1,411,711
Net Assets$12,481,993

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

2016

Revenue$9,041,594
Expenses$8,742,649
Net Income$298,945
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Sep 6, 2017
Return Version
2015v3.0
Gross Receipts
$11,096,378
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$9,175,257$9,274,730▲ $99,473
Savings and Temporary Cash Investments$2,715,664$2,650,417▼ $65,247
Accounts Receivable$940,057$1,063,035▲ $122,978
Cash and Non-Interest-Bearing Accounts$443,525$464,938▲ $21,413
Inventories for Sale or Use$249,297$243,222▼ $6,075
Prepaid Expenses and Deferred Charges$23,968$20,031▼ $3,937
Total Assets$13,933,785$13,893,704▼ $40,081
Other Assets Total$386,017$177,331▼ $208,686
Liabilities
Accounts Payable and Accrued Expenses$878,611$767,592▼ $111,019
Deferred Revenue$486,109$466,788▼ $19,321
Other Liabilities$386,017$177,331▼ $208,686
Total Liabilities$1,750,737$1,411,711▼ $339,026
Net Assets / Fund Balance
Unrestricted Net Assets$12,183,048$12,481,993▲ $298,945
Total Net Assets Fund Balance$12,183,048$12,481,993▲ $298,945
Total Liabilities and Net Assets / Fund Balance$13,933,785$13,893,704▼ $40,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,989,142$8,895,415$11,884,557
Other Land Buildings$2,942,448$5,760,595$8,703,043
Equipment$2,757,642$4,885,515$7,643,157
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
Tim MurphyPast President
Tom AboodPresident
Bill CentnerVice President
Amy LucasDirector
Annie CroninDirector
Aurthur IdeDirector
Bob MacdonaldDirector
Doug DeGroodDirector
JOHN O'SHEADirector
Mike GilliganDirector
Molly CroninDirector
David CrosbySecretary
Ann FerreiraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,163,658
Investment Income
$13,938
Other Revenue
$2,863,998
Change in Net Assets
$298,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,642,835
Revenue Not Reported on Financial Statements
$398,759
Revenue Not Reported on Form 990
$2,054,180
Other Revenue Adjustments
$398,759
Total Revenue per Audited Statements
$10,697,015
Total Revenue per Form 990
$9,041,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,224,192
Other Expenses$3,518,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,189,363
Depreciation Depletion---$1,166,330
Occupancy---$453,423
Insurance---$437,992
Payroll Taxes---$389,639
Current Officers, Directors, Trustees, and Key Employees---$373,226
Office Expenses---$245,569
Other Employee Benefits---$158,082
All Other Expenses---$143,495
Pension Plan Contributions---$113,882
Other Expenses---$82,021
Fees for Services Other---$79,631
Fees for Services Accounting---$21,726
Fees for Services Legal---$7,518
Travel---$4,821
Advertising---$4,283
Total Functional Expenses$0$0$0$8,742,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,398,070
Total Expenses per Form 990$8,742,649
Expenses per Audited Statements$8,343,890
Expenses Not Reported on Form 990$2,054,180
Expenses Not Reported on Financial Statements$398,759
Other Expense Adjustments$398,759
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$177,331
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
2017-09-06
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
323
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 2,054,180.

Part XI, Line 4B - Other Adjustments:

Sales-Service Charges 398,759.

Part XII, Line 2D - Other Adjustments:

Cost of Goods Sold 2,054,180.

Part XII, Line 4B - Other Adjustments:

Sales-Service Charges 398,759.

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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/TitleTxt6DIRECTOR
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/GainOrLossGrp/OtherAmt0-604
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011096378
IRS990/GrossReceiptsForPublicUseAmt01313650
IRS990/GrossSalesOfInventoryAmt04918178
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InitiationFeesAndCapContriAmt01099003
IRS990/InsuranceGrp/TotalAmt0437992
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0249297
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0243222
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014542
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt014542
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019541525
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09175257
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09274730
IRS990/LandBldgEquipCostOrOtherBssAmt028816255
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0604
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/NetAssetsOrFundBalancesBOYAmt012183048
IRS990/NetAssetsOrFundBalancesEOYAmt012481993
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-604
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-604
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02039313
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02863998
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0824685
IRS990/NetUnrelatedBusTxblIncmAmt012333
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0453423
IRS990/OfficeExpensesGrp/TotalAmt0245569
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0386017
IRS990/OtherAssetsTotalGrp/EOYAmt0177331
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0158082
IRS990/OtherExpensesGrp/Desc0UBI Tax Expense
IRS990/OtherExpensesGrp/Desc1Upkeep & Maintenance
IRS990/OtherExpensesGrp/Desc2Entertainment & Event e
IRS990/OtherExpensesGrp/Desc3Laundry & Uniform
IRS990/OtherExpensesGrp/TotalAmt02910
IRS990/OtherExpensesGrp/TotalAmt1562723
IRS990/OtherExpensesGrp/TotalAmt2306015
IRS990/OtherExpensesGrp/TotalAmt382021
IRS990/OtherLiabilitiesGrp/BOYAmt0386017
IRS990/OtherLiabilitiesGrp/EOYAmt0177331
IRS990/OtherSalariesAndWagesGrp/TotalAmt04189363
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0389639
IRS990/PensionPlanContributionsGrp/TotalAmt0113882
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023968
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020031
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/Desc3Cart Rental
IRS990/ProgramServiceRevenueGrp/Desc4Tennis, Swimming, Locker Revenues
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04125350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11099003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2365966
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3170183
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4165891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04125350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11099003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2401966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3170183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4165891
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt036000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016867
IRS990/PYOtherExpensesAmt03498589
IRS990/PYOtherRevenueAmt02613334
IRS990/PYProgramServiceRevenueAmt05759213
IRS990/PYRevenuesLessExpensesAmt0-217007
IRS990/PYSalariesCompEmpBnftPaidAmt05107832
IRS990/PYTotalExpensesAmt08606421
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08389414
IRS990/ReconcilationRevenueExpnssAmt0298945
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02715664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02650417
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02989142
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08895415
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011884557
IRS990ScheduleD/EquipmentGrp/BookValueAmt02757642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04885515
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07643157
IRS990ScheduleD/ExpensesNotReportedAmt02054180
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0398759
IRS990ScheduleD/ExpensesSubtotalAmt08343890
IRS990ScheduleD/LandGrp/BookValueAmt0585498
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0585498
IRS990ScheduleD/OtherExpensesIncludedAmt02054180
IRS990ScheduleD/OtherExpensesNotIncludedAmt0398759
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02942448
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05760595
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08703043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0177331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Compensation and retirement agreements
IRS990ScheduleD/OtherRevenueAmt02054180
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0398759
IRS990ScheduleD/RevenueNotReportedAmt02054180
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0398759
IRS990ScheduleD/RevenueSubtotalAmt08642835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cost of Goods Sold 2,054,180.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Sales-Service Charges 398,759.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Cost of Goods Sold 2,054,180.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Sales-Service Charges 398,759.
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/TotalBookValueLandBuildingsAmt09274730
IRS990ScheduleD/TotalExpensesPerForm990Amt08742649
IRS990ScheduleD/TotalLiabilityAmt0177331
IRS990ScheduleD/TotalRevenuePerForm990Amt09041594
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010697015
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010398070
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 - DECREASE IN CASH SURRENDER VALUE: JIM JENNINGS - $102,748 JEFF JOHNSON - $19,858 FERRIS SHIFFER - $86,080 The Club had deferred compensation agreements with five key employees. Under the agreements, the Club had purchased split-dollar life insurance policies and the employees vested in the premiums paid by the Club over a ten-year period. The cash surrender values of these policies were collaterally assigned to the Club. In the event of death of the key employees, the Club was entitled to receive the cash surrender value of the split-dollar policies up to the cumulative premiums paid. If the key employees terminated employment, the collateral assignment was 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 $177,331 and $386,017 related to the cash surrender values of the life insurance policies as of October 31, 2016 and 2015. Deferred compensation expense of approximately $0 and $13,000 was recognized for the years ended October 31, 2016 and 2015. Prior to October 31, 2015, two of the five policies were liquidated and distributed to the respective employees. In 2016 the Club and the three remaining employees agreed to terminate the agreements, and the Club paid the remaining balance of $177,331 to the employees during November 2016.
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.

Document Assets

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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
2016Detailed filing. Detailed filing data is available for this year.$13.9$1.41$12.5$9.04$8.74$0.30
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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