Thornridge Golf Corp

Tax-deductible

Milford, NE501(c)(3)Recreation & SportsEIN 36-3302325

Operation of a community golf course

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 9 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $33K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$64K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$610K
+5% vs prior year
Spent
$649K
To programs
100%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$610K
FY2024▲ +5%
Revenue by fiscal year
FY2020$437K
FY2021$682K
FY2022$372K
FY2023$581K
FY2024$610K
Expenses
$649K
FY2024▲ +16%
Expenses by fiscal year
FY2020$330K
FY2021$399K
FY2022$581K
FY2023$559K
FY2024$649K
Net assets
$2.2M
FY2024▲ +3%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.2M
FY2024$2.2M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1984.

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% · $649K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Pres
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thornridge Golf Corp executive salaries →

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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 15aYes

Programs and updates

Operates a community golf course for public enjoyment and recreation.

Provided by the organization

This section is blank until Thornridge Golf Corp claims this page.

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1 program service account for $649K of program spending, described in the organization's own filed words · FY2024.
01

Operation of a community golf course

$649Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$610K
Ln 12
Fees for servicesLn 2g$284K
Gifts and grantsLn 1h$166K
Other incomeLn 4–11$112K
Money outPt IX
$649K
Ln 25
Programscol B$649K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$2.3M
LiabilitiesLn 26$64K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$284K
Investment incomeLn 3$48K
Other incomeLn 4–11$112K
Total revenueLn 12$610K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$75K
Cash and savings togetherLn 1–2$165K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$605K
Total assetsLn 16$2.3M
LiabilitiesLn 26$64K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 512
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$169K$165K
InvestmentsLn 11–13$1.4M$1.5M
Land, buildings, equipmentLn 10c$595K$605K
Total assetsLn 16$2.2M$2.3M
LiabilitiesLn 26$8K$64K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$208K$208K
Pension plan contributionsLn 8$15K$15K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$11K$11K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$546$546
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$132K$132K
All other expensesLn 24e$148K$148K
Total functional expensesLn 25$649K$649K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $610K$649K−$39K$2.2M 990 PDF
FY2023 $581K$559K$22K$2.2M 990 PDF
FY2022 $372K$581K−$210K$2.0M 990 PDF
FY2021 $682K$399K$282K$2.2M 990 PDF
FY2020 $437K$330K$107K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $610,172 across 8 lines filed
Lines not itemized here account for $79,439 of total revenue; see the IRS return.
VIII-1b Membership dues$166,440
VIII-1h Total contributions, gifts and grants$166,440
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $283,986$283,986
VIII-3 Investment incomeRelated to mission $47,754$47,754
VIII-6 Net rental income or lossRelated to mission $26,375$26,375
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,178$6,178
VIII-12 Total revenueRelated to mission $443,732 · Unrelated business $0 · Excluded from tax $0$610,172
Part IX · Statement of functional expenses $649,494 across 12 lines filed
IX-7 Other salaries and wagesPrograms $208,036$208,036
IX-8 Pension plan contributionsPrograms $15,000$15,000
IX-9 Other employee benefitsPrograms $10,381$10,381
IX-10 Payroll taxesPrograms $16,059$16,059
IX-11c Accounting feesPrograms $5,519$5,519
IX-11f Investment management feesPrograms $10,997$10,997
IX-12 Advertising and promotionPrograms $1,277$1,277
IX-13 Office expensesPrograms $546$546
IX-22 Depreciation, depletion and amortizationPrograms $75,552$75,552
IX-23 InsurancePrograms $25,991$25,991
IX-24 Other expenses (24a–d)Programs $131,821$131,821
IX-24e All other expensesPrograms $148,315$148,315
IX-25 Total functional expensesPrograms $649,494 · Management $0 · Fundraising $0$649,494
Part X · Balance sheet $2,295,881 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $54,515$89,470
X-2 Savings and temporary cash investmentsStart of year $114,339$75,167
X-8 Inventories for sale or useStart of year $2,158$2,158
X-10c Land, buildings and equipment, netStart of year $595,189$604,824
X-13 Program-related investmentsStart of year $1,402,299$1,524,262
X-16 Total assetsStart of year $2,171,030$2,295,881
X-17 Accounts payable and accrued expensesStart of year $7,560$63,691
X-26 Total liabilitiesStart of year $7,560$63,691
X-32 Total net assets or fund balancesStart of year $2,163,470$2,232,190
X-33 Total liabilities and net assetsStart of year $2,171,030$2,295,881
Part XI · Reconciliation of net assets $2,232,190 net assets at year end
XI-1 Total revenue$610,172
XI-2 Total expenses$649,494
XI-3 Revenue less expenses−$39,322
XI-4 Net assets at start of year$2,163,470
XI-5 Net unrealized gains (losses) on investments$108,042
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,232,190

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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