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Valley Golf Association FY2021 filing

Not tax-deductible

E Grand Forks, MN501(c)(4)Since 1971 EIN 23-7139538Revenue $589K in FY2021Latest return filed Jul 15, 2026

On file with the IRSvalleygolfegf.comE Grand Forks, MNTax-exempt since Nov 1971

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To provide a recreational Golf facility whose program services serve the residents of east grand forks, minnesota.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7139538) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $57K a year · 9% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.3 mo
of spending, in cash
3.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$297K
65% of total assets
Liabilities are 65% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$589K
+0.7% vs prior year
Spent
$582K
To programs
99%
Net assets
$159K
By yearFY2020–FY2025
Revenue
$589K
FY2021▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$584K
FY2021$589K
FY2022$543K
FY2023$607K
FY2024$739K
FY2025$815K
Expenses
$582K
FY2021▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$472K
FY2021$582K
FY2022$577K
FY2023$618K
FY2024$601K
FY2025$683K
Net assets
$159K
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$159K
FY2022$125K
FY2023$113K
FY2024$251K
FY2025$383K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $580K Management & general 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Chad Frost
President
$0Pt VII · Sec A
Kevin Weber
Vice President
$0Pt VII · Sec A
Susan Thiel
Secretary
$0Pt VII · Sec A
Brian Loer
Treasurer
$0Pt VII · Sec A
Steve Ristau
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Sloan
Director
$0Pt VII · Sec A
Mark Miller
Director
$0Pt VII · Sec A
See Valley Golf Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides recreational golf programs for East Grand Forks, Minnesota residents.

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1 program · $580K · in their own filed words · FY2021
01

To provide a recreational golf facility whose program services serve the residents of east grand forks, minnesota.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7139538) · Dispute this line
$580Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$589K
Ln 12
Fees for servicesLn 2g$382K
Other incomeLn 4–11$206K
Gifts and grantsLn 1h$580
Money outPt IX
$582K
Ln 25
Programscol B$580K
Managementcol C$2K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$456K
LiabilitiesLn 26$297K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$580
Fees for servicesLn 2g$382K
Investment incomeLn 3$142
Other incomeLn 4–11$206K
Total revenueLn 12$589K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$137K
Cash and savings togetherLn 1–2$159K
Inventories for sale or useLn 8$40K
Land, buildings, equipmentLn 10c$249K
Other assetsLn 15$9K
Total assetsLn 16$456K
LiabilitiesLn 26$297K
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 546
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$145K$159K
Land, buildings, equipmentLn 10c$300K$249K
Total assetsLn 16$495K$456K
LiabilitiesLn 26$342K$297K
Net assetsLn 32$152K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$236K$234K$2K
Pension plan contributionsLn 8$2K$2K$54
Payroll taxesLn 10$20K$19K$138
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$753$753
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$53K$53K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$160K$160K
All other expensesLn 24e$79K$79K
Total functional expensesLn 25$582K$580K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 15, 2026 $815K$683K$132K$383K 990 PDF
FY2024Filed with the IRS Oct 24, 2025 $739K$601K$138K$251K 990 PDF
FY2023Filed with the IRS Aug 7, 2024 $607K$618K−$11K$113K 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $543K$577K−$34K$125K 990 PDF
FY2021 ViewingFiled with the IRS Nov 17, 2022 $589K$582K$7K$159K 990 PDF
FY2020Filed with the IRS Jun 30, 2021 $584K$472K$112K$152K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $588,521 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,500$580
I-9 Program service revenuePrior year $385,348$381,672
I-10 Investment incomePrior year $99$142
I-11 Other revenuePrior year $196,304$206,127
I-12 Total revenuePrior year $584,251$588,521
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $233,658$257,378
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $238,251$324,304
I-18 Total expensesPrior year $471,909$581,682
I-19 Revenue less expensesPrior year $112,342$6,839
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $588,521 across 5 lines filed
Lines not itemized here account for $238,008 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$580
VIII-1h Total contributions, gifts and grants$580
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $349,791$349,791
VIII-3 Investment incomeUnrelated business $142$142
VIII-12 Total revenueRelated to mission $587,799 · Unrelated business $142 · Excluded from tax $0$588,521
Part IX · Statement of functional expenses $581,682 across 10 lines filed
IX-7 Other salaries and wagesPrograms $234,085 · Management $1,798$235,883
IX-8 Pension plan contributionsPrograms $1,889 · Management $54$1,943
IX-10 Payroll taxesPrograms $19,414 · Management $138$19,552
IX-12 Advertising and promotionPrograms $7,669$7,669
IX-13 Office expensesPrograms $753$753
IX-20 InterestPrograms $8,546$8,546
IX-22 Depreciation, depletion and amortizationPrograms $52,748$52,748
IX-23 InsurancePrograms $15,859$15,859
IX-24 Other expenses (24a–d)Programs $159,561$159,561
IX-24e All other expensesPrograms $79,168$79,168
IX-25 Total functional expensesPrograms $579,692 · Management $1,990 · Fundraising $0$581,682
Part X · Balance sheet $456,380 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $28,636$21,980
X-2 Savings and temporary cash investmentsStart of year $116,784$136,926
X-8 Inventories for sale or useStart of year $38,539$39,502
X-10c Land, buildings and equipment, netStart of year $300,090$249,143
X-15 Other assetsStart of year $10,455$8,829
X-16 Total assetsStart of year $494,504$456,380
X-17 Accounts payable and accrued expensesStart of year $34,413$50,093
X-19 Deferred revenueStart of year $25,324$19,931
X-23 Secured mortgages and notes payableStart of year $282,567$227,317
X-26 Total liabilitiesStart of year $342,304$297,341
X-29 Capital stock or trust principalStart of year $280,400$280,400
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$128,200−$121,361
X-32 Total net assets or fund balancesStart of year $152,200$159,039
X-33 Total liabilities and net assetsStart of year $494,504$456,380
Part XI · Reconciliation of net assets $159,039 net assets at year end
XI-1 Total revenue$588,521
XI-2 Total expenses$581,682
XI-3 Revenue less expenses$6,839
XI-4 Net assets at start of year$152,200
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,039

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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