Civic Intelligence

Hov Recreational Foundation

EIN 47-1273758 • 501(c)3 • Ada, MN

Profile

The mission of the hov recreational foundation is to support and educate the youth of the community. The organization teaches and promotes the game of golf and also teaches youth about running a small business and maintaining the assets of the small business.

1949 County Highway 35Ada, MN 56510

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.62x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.60x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

50th percentile

1.8%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

97th percentile

297%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-45%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$59,377

Up $44,432 (+297%) from 2022

Liabilities

Up

$36,761

Up $23,633 (+180%) from 2022

Net Assets

Up

$22,616

Up $20,799 (+1145%) from 2022

Operations
Liabilities / Revenue93rd percentileNet Margin50th percentile

Revenue

Down

$61,011

Down $50,661 (-45%) from 2022

Expenses

Up

$59,907

Up $52,304 (+688%) from 2022

Net Income

Down

$1,104

Down $102,965 (-99%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2018: $29,918Liabilities 2018: $582018Assets 2020: $37,900Liabilities 2020: $8632020Assets 2021: $24,759Liabilities 2021: $1,350Net Assets 2021: $23,4092021Assets 2022: $14,945Liabilities 2022: $13,128Net Assets 2022: $1,8172022Assets 2023: $59,377Liabilities 2023: $36,761Net Assets 2023: $22,6162023

Highlighted filing

2023

Assets$59,377
Liabilities$36,761
Net Assets$22,616
Open 2023 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2018: $147,658Expenses 2018: $126,583Net Income 2018: $21,0752018Revenue 2020: $12,444Expenses 2020: $11,980Net Income 2020: $4642020Revenue 2021: $25,439Expenses 2021: $200Net Income 2021: $25,2392021Revenue 2022: $111,672Expenses 2022: $7,603Net Income 2022: $104,0692022Revenue 2023: $61,011Expenses 2023: $59,907Net Income 2023: $1,1042023

Highlighted filing

2023

Revenue$61,011
Expenses$59,907
Net Income$1,104
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$59,377
Liabilities
$36,761
Net assets
$22,616
Revenue
$61,011
Expenses
$59,907
Net income
$1,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.59$0.37$0.23$0.61$0.60$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.13$0.02$1.12$0.08$1.04
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.23$0.25$0.00$0.25
2020Summary only. Only limited summary data is available for this year.$0.38$0.01$0.12$0.12$0.00
2018Summary only. Only limited summary data is available for this year.$0.30$0.00$1.48$1.27$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$61,011
Mission and Program Overview

Mission

The mission of the hov recreational foundation is to support and educate the youth of the community. The organization teaches and promotes the game of golf and also teaches youth about running a small business and maintaining the assets of the small business.

The mission of the hov recreational foundation is to support and educate the youth of the community. The organization teaches and promotes the game of golf and also teaches youth about running a small business and maintaining the assets of the small business. A total of 38 youth attended functions in 2022.

Program Services

DescriptionGrantsExpenses
EDUCATION OF YOUTH FOR RECREATIONAL PURPOSES. TRAINING YOUTH AS WELL TO RUN SMALL EQUIPMENT AND LEARN THE MANAGING OF RUNNING A SMALL BUSINESS.-$59,907
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN KOCHMANPresident-$0--
DOUGLAS MARCUSSENTreasurer-$0--
GARRETT GUNDRSONVice President-$0--
SCOTT ENGELSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Hov Recreational Foundation
EIN
47-1273758
Phone
2187846002
Address
1949 COUNTY HIGHWAY 35, ADA, MN 56510

Signing Officer

Name
Douglas Marcussen
Title
Treasurer
Signed
2024-10-23
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Maintaining course facility $59907”

Other Assets.1003

“Machinery and Equipment - Beginning $18704 Machinery and Equipment - Ending $57149”

Other Assets.1010

“Inventories - Beginning $1011 Inventories - Ending $1628”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $153 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $32862”

Total Liabilities.1

“PAYROLL TAX - Beginning $0 PAYROLL TAX - Ending $1950”

Total Liabilities.2

“SALES TAX PAYABLE - Beginning $0 SALES TAX PAYABLE - Ending $1949”

Raw XML Appendix137 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0DOUGLAS MARCUSSEN
IRS990EZ/BooksInCareOfDetail/PhoneNum02187846002
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt011 E 4TH AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ADA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056510
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01950
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0600
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt061011
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01104
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021665
IRS990EZ/Form990TotalAssetsGrp/EOYAmt059377
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt061011
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt021512
IRS990EZ/NetAssetsOrFundBalancesEOYAmt022616
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt021512
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KEVIN KOCHMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DOUGLAS MARCUSSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GARRETT GUNDRSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SCOTT ENGEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherAssetsTotalDetail/BOYAmt019715
IRS990EZ/OtherAssetsTotalDetail/EOYAmt058777
IRS990EZ/OtherExpensesTotalAmt059907
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE HOV RECREATIONAL FOUNDATION IS TO SUPPORT AND EDUCATE THE YOUTH OF THE COMMUNITY. THE ORGANIZATION TEACHES AND PROMOTES THE GAME OF GOLF AND ALSO TEACHES YOUTH ABOUT RUNNING A SMALL BUSINESS AND MAINTAINING THE ASSETS OF THE SMALL BUSINESS. A TOTAL OF 38 YOUTH ATTENDED FUNCTIONS IN 2022.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION OF YOUTH FOR RECREATIONAL PURPOSES. TRAINING YOUTH AS WELL TO RUN SMALL EQUIPMENT AND LEARN THE MANAGING OF RUNNING A SMALL BUSINESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt059907
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0153
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt036761
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt059907
IRS990EZ/TotalProgramServiceExpensesAmt059907
IRS990EZ/TotalRevenueAmt061011
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027211
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt019854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt065665
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt065665
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027211
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt019854
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt065665
IRS990ScheduleA/TotalSupportAmt065665
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAINTAINING COURSE FACILITY $59907
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Machinery and Equipment - Beginning $18704 Machinery and Equipment - Ending $57149
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Inventories - Beginning $1011 Inventories - Ending $1628
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Payable and Accrued Expenses - Beginning $153 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $32862
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL TAX - Beginning $0 PAYROLL TAX - Ending $1950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALES TAX PAYABLE - Beginning $0 SALES TAX PAYABLE - Ending $1949
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1010
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.2
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS MARCUSSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOV RECREATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOVR
ReturnHeader/Filer/EIN0471273758
ReturnHeader/Filer/PhoneNum02187846002
ReturnHeader/Filer/USAddress/AddressLine1Txt01949 COUNTY HIGHWAY 35
ReturnHeader/Filer/USAddress/CityNm0ADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056510
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-10-23T04:26:17-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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