Civic Intelligence

Garner Golf Course Foundation Inc.

990 • Fiscal year 2017 • EIN 46-3640416

Jan 01, 2017 to Dec 31, 2017 • Filed on Jan 31, 2018

205 Country Club DriveGarner, IA 50438

(641) 923-3819

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

35th percentile

-2.4%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

2.2%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$44,672

Down $6,533 (-13%) from 2016

Net Assets

Down

$43,968

Down $6,332 (-13%) from 2016

Liabilities

Down

$704

Down $201 (-22%) from 2016

Revenue

Up

$262,551

Up $5,705 (+2.2%) from 2016

Expenses

Up

$268,883

Up $18,351 (+7.3%) from 2016

Net Income

Down

-$6,332

Down $12,646 (-200%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $45,103Liabilities 2015: $1,117Net Assets 2015: $43,9862015Assets 2016: $51,205Liabilities 2016: $905Net Assets 2016: $50,3002016Assets 2017: $44,672Liabilities 2017: $704Net Assets 2017: $43,9682017Assets 2018: $44,831Liabilities 2018: $862Net Assets 2018: $43,9692018Assets 2019: $53,033Liabilities 2019: $1,208Net Assets 2019: $51,8252019Assets 2020: $67,171Liabilities 2020: $1,193Net Assets 2020: $65,9782020Assets 2021: $68,734Liabilities 2021: $945Net Assets 2021: $67,7892021Assets 2022: $120,679Liabilities 2022: $980Net Assets 2022: $119,6992022Assets 2023: $95,809Liabilities 2023: $961Net Assets 2023: $94,8482023Assets 2024: $78,965Liabilities 2024: $1,783Net Assets 2024: $77,1822024Assets 2025: $57,924Liabilities 2025: $1,291Net Assets 2025: $56,6332025

Highlighted filing

2017

Assets$44,672
Liabilities$704
Net Assets$43,968

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $257,105Expenses 2015: $248,430Net Income 2015: $8,6752015Revenue 2016: $256,846Expenses 2016: $250,532Net Income 2016: $6,3142016Revenue 2017: $262,551Expenses 2017: $268,883Net Income 2017: -$6,3322017Revenue 2018: $241,053Expenses 2018: $241,052Net Income 2018: $12018Revenue 2019: $258,608Expenses 2019: $250,758Net Income 2019: $7,8502019Revenue 2020: $279,445Expenses 2020: $265,292Net Income 2020: $14,1532020Revenue 2021: $308,602Expenses 2021: $306,791Net Income 2021: $1,8112021Revenue 2022: $346,570Expenses 2022: $294,660Net Income 2022: $51,9102022Revenue 2023: $329,689Expenses 2023: $354,540Net Income 2023: -$24,8512023Revenue 2024: $357,625Expenses 2024: $375,291Net Income 2024: -$17,6662024Revenue 2025: $327,969Expenses 2025: $348,518Net Income 2025: -$20,5492025

Highlighted filing

2017

Revenue$262,551
Expenses$268,883
Net Income-$6,332
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jan 31, 2018
Return Version
2017v2.2
Gross Receipts
$262,551
Mission and Program Overview

Mission

The mission of the garner golf course foundation is to run the golf course owned by the city of garner for the benefit of the residents of the city of garner. The city of garners decision to purchase the golf course in 2014 was to assure that the golf course remained an available amenity to the area in order to continue to attract people to the area for the benefit of the city and area businesses, in addition to promoting recreational activities and supporting school district activities such as the golf and cross country teams. To that end the foundations organizational documents require it to work toward fulfilling that mission. Each year any funds generated in excess of those needed to operate the golf course are put into a capital improvement fund to be used to either improve the facilities or purchase equipment. The foundation also intends to seek contributions from members of the foundation and other people and businesses in the community to improve the golf course and its facilit

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$37,800$43,968▲ $6,168
Cash and Non-Interest-Bearing Accounts$48,990$43,563▼ $5,427
Pd in Cap Srpls Land Bldg Eqp Fund$12,500--
Inventories for Sale or Use$2,215$1,109▼ $1,106
Total Assets$51,205$44,672▼ $6,533
Liabilities
Accounts Payable and Accrued Expenses$905$704▼ $201
Total Liabilities$905$704▼ $201
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,300$43,968▼ $6,332
Total Liabilities and Net Assets / Fund Balance$51,205$44,672▼ $6,533
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott FolkersPresident
Josh RichardsonSecretary
Bill PaulusTreasurer
Jim LeonardVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$5,421
Program Service Revenue
$257,028
Investment Income
$102
Other Revenue
$0
All Other Contributions
$5,421
Change in Net Assets
$-6,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,386
Salaries, Compensation, and Employee Benefits$54,199
Grants and Similar Amounts Paid$12,298
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,700--$50,700
Other Salaries and Wages$46,799--$46,799
All Other Expenses$35,591--$35,591
Grants to Domestic Orgs$12,298--$12,298
Insurance$12,113--$12,113
Other Expenses$10,070--$10,070
Payroll Taxes$7,400--$7,400
Travel$5,480--$5,480
Fees for Services Accounting$330$2,970-$3,300
Office Expenses$329--$329
Advertising$50--$50
Total Functional Expenses$265,913$2,970$0$268,883
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of GarnerGarner, IAGov-$12,298
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 7A

The foundation holds an annual meeting of which officers are determined. Bi-annual elections are held to elect board members of the foundation.

Form 990, Page 6, Part VI, Line 11B

The board reviews the form 990 during their monthly meeting when the return is made available.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Garner Golf Course Foundation Inc
EIN
46-3640416
Phone
6419233819
Address
205 COUNTRY CLUB DRIVE, GARNER, IA 50438

Signing Officer

Name
Bill Paulus
Title
Treasurer
Phone
6419233819
Signed
2018-01-31

Organization Details

Principal Officer
Bill Paulus
Formed
2014
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Dk Arndt Pc
Address
135 COTTONWOOD DRIVE, GARNER, IA 50438-1207
Preparer
Gustave R Byom CPA
Phone
6419232091
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the garner golf course foundation is to run the golf course owned by the city of garner for the benefit of the residents of the city of garner. The city of garners decision to purchase the golf course in 2014 was to assure that the golf course remained an available amenity to the area in order to continue to attract people to the area for the benefit of the city and area businesses, in addition to promoting recreational activities and supporting school district activities such as the golf and cross country teams. To that end the foundations organizational documents require it to work toward fulfilling that mission. Each year any funds generated in excess of those needed to operate the golf course are put into a capital improvement fund to be used to either improve the facilities or purchase equipment. The foundation also intends to seek contributions from members of the foundation and other people and businesses in the community to improve the golf course and its facilities. One of the challenges facing the course in the near future is the emerald ash bore which has entered the state over the last couple of years. The majority of trees on the property are ash trees and will likely be lost over the next decade. The foundation hopes to begin raising money to address this issue in the near future and the ability to seek tax deductible contributions will greatly facilitate this effort.

Form 990, Part IX, Line 11G

Course outside services 700 0 0 contract maintenance cont 50,000 0 0 total 50,700 0 0

Form 990, Part IX, Line 24E

Utilities 7,240 0 0 supplies 6,974 0 0 bank charges 3,880 0 0 gas & oil 3,516 0 0 operating supplies 2,100 0 0 utilities 1,810 0 0 supplies 1,742 0 0 telephone 1,229 0 0 cart lease 1,089 0 0 license fees & permits 1,002 0 0 telephone 955 0 0 garbage 827 0 0 garbage 661 0 0 outside services 560 0 0 dues and subs 440 0 0 laundry & cleaning 381 0 0 taxes/licenses 251 0 0 telephone 239 0 0 garbage 165 0 0 outside services 140 0 0 taxes/licenses 110 0 0 laundry & cleaning 95 0 0 equipment rental 83 0 0 laundry & cleaning 82 0 0 cash short 16 0 0 cash short 4 0 0 total 35,591 0 0

Form 990, Part XI, Line 9

Funds contributed by city of garner 0

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0253979
IRS990ScheduleA/Total509Grp/TotalAmt0989294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0240892
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0237318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0257105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0253979
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0989294
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IRS990ScheduleI/RecipientTable/CashGrantAmt012298
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF GARNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0CITY OF GARNER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE GARNER GOLF COURSE FOUNDATION IS TO RUN THE GOLF COURSE OWNED BY THE CITY OF GARNER FOR THE BENEFIT OF THE RESIDENTS OF THE CITY OF GARNER. THE CITY OF GARNERS DECISION TO PURCHASE THE GOLF COURSE IN 2014 WAS TO ASSURE THAT THE GOLF COURSE REMAINED AN AVAILABLE AMENITY TO THE AREA IN ORDER TO CONTINUE TO ATTRACT PEOPLE TO THE AREA FOR THE BENEFIT OF THE CITY AND AREA BUSINESSES, IN ADDITION TO PROMOTING RECREATIONAL ACTIVITIES AND SUPPORTING SCHOOL DISTRICT ACTIVITIES SUCH AS THE GOLF AND CROSS COUNTRY TEAMS. TO THAT END THE FOUNDATIONS ORGANIZATIONAL DOCUMENTS REQUIRE IT TO WORK TOWARD FULFILLING THAT MISSION. EACH YEAR ANY FUNDS GENERATED IN EXCESS OF THOSE NEEDED TO OPERATE THE GOLF COURSE ARE PUT INTO A CAPITAL IMPROVEMENT FUND TO BE USED TO EITHER IMPROVE THE FACILITIES OR PURCHASE EQUIPMENT. THE FOUNDATION ALSO INTENDS TO SEEK CONTRIBUTIONS FROM MEMBERS OF THE FOUNDATION AND OTHER PEOPLE AND BUSINESSES IN THE COMMUNITY TO IMPROVE THE GOLF COURSE AND ITS FACILITIES. ONE OF THE CHALLENGES FACING THE COURSE IN THE NEAR FUTURE IS THE EMERALD ASH BORE WHICH HAS ENTERED THE STATE OVER THE LAST COUPLE OF YEARS. THE MAJORITY OF TREES ON THE PROPERTY ARE ASH TREES AND WILL LIKELY BE LOST OVER THE NEXT DECADE. THE FOUNDATION HOPES TO BEGIN RAISING MONEY TO ADDRESS THIS ISSUE IN THE NEAR FUTURE AND THE ABILITY TO SEEK TAX DEDUCTIBLE CONTRIBUTIONS WILL GREATLY FACILITATE THIS EFFORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HOLDS AN ANNUAL MEETING OF WHICH OFFICERS ARE DETERMINED. BI-ANNUAL ELECTIONS ARE HELD TO ELECT BOARD MEMBERS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FORM 990 DURING THEIR MONTHLY MEETING WHEN THE RETURN IS MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COURSE OUTSIDE SERVICES 700 0 0 CONTRACT MAINTENANCE CONT 50,000 0 0 TOTAL 50,700 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UTILITIES 7,240 0 0 SUPPLIES 6,974 0 0 BANK CHARGES 3,880 0 0 GAS & OIL 3,516 0 0 OPERATING SUPPLIES 2,100 0 0 UTILITIES 1,810 0 0 SUPPLIES 1,742 0 0 TELEPHONE 1,229 0 0 CART LEASE 1,089 0 0 LICENSE FEES & PERMITS 1,002 0 0 TELEPHONE 955 0 0 GARBAGE 827 0 0 GARBAGE 661 0 0 OUTSIDE SERVICES 560 0 0 DUES AND SUBS 440 0 0 LAUNDRY & CLEANING 381 0 0 TAXES/LICENSES 251 0 0 TELEPHONE 239 0 0 GARBAGE 165 0 0 OUTSIDE SERVICES 140 0 0 TAXES/LICENSES 110 0 0 LAUNDRY & CLEANING 95 0 0 EQUIPMENT RENTAL 83 0 0 LAUNDRY & CLEANING 82 0 0 CASH SHORT 16 0 0 CASH SHORT 4 0 0 TOTAL 35,591 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FUNDS CONTRIBUTED BY CITY OF GARNER 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02970
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265913
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268883
IRS990/TotalGrossUBIAmt021659
IRS990/TotalLiabilitiesBOYAmt0905
IRS990/TotalLiabilitiesEOYAmt0704
IRS990/TotalLiabilitiesGrp/BOYAmt0905
IRS990/TotalLiabilitiesGrp/EOYAmt0704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt050300
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043968
IRS990/TotalProgramServiceExpensesAmt0265913
IRS990/TotalProgramServiceRevenueAmt0257028
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0262551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt021659
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051205
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044672
IRS990/TravelGrp/ProgramServicesAmt05480
IRS990/TravelGrp/TotalAmt05480
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
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IRS990/USAddress/AddressLine1Txt0995 STONEHENGE CT
IRS990/USAddress/CityNm0GARNER
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050438
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.GARNERGOLFCOURSE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL PAULUS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06419233819
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GARNER GOLF COURSE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GARN
ReturnHeader/Filer/EIN0463640416
ReturnHeader/Filer/PhoneNum06419233819
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 COUNTRY CLUB DRIVE
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-02-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:07:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421462004
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DK ARNDT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 COTTONWOOD DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GARNER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0504381207
ReturnHeader/PreparerPersonGrp/PhoneNum06419232091
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GUSTAVE R BYOM CPA
ReturnHeader/ReturnTs02018-02-14T17:07:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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