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Thornridge Golf Corp FY2021 filing

Tax-deductible

Milford, NE501(c)(3)Recreation & Sports EIN 36-3302325Revenue $682K in FY2021Latest return filed May 28, 2025

On file with the IRSMilford, NETax-exempt since Sep 1984Publicly supported charity — 170(b)(1)(A)(vi)

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Operation of a community Golf course

501(c)(3) charity; gifts are tax-deductible.
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)(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
5 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$718
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$682K
+56% vs prior year
Spent
$399K
To programs
100%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$682K
FY2021▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2020$437K
FY2021$682K
FY2022$372K
FY2023$581K
FY2024$610K
Expenses
$399K
FY2021▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$330K
FY2021$399K
FY2022$581K
FY2023$559K
FY2024$649K
Net assets
$2.2M
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.2M
FY2024$2.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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% · $399K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Jack Jurgens
Board Member
$0Pt VII · Sec A
Mike Cookus
Board Member
$0Pt VII · Sec A
Kurt Michaelis
Board Member
$0Pt VII · Sec A
Kyle Petsch
Board Member
$0Pt VII · Sec A
Jason Maple
Board Member
$0Pt VII · Sec A
Brett Muller
Vice Pres
$0Pt VII · Sec A
Beau Kinnett
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thornridge Golf Corp 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 15aYes

Programs and updates

Operates a community golf course for public enjoyment and recreation.

Questions for Thornridge Golf Corp

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1 program · $399K · in their own filed words · FY2021
01

Operation of a community golf course

$399Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$682K
Ln 12
Fees for servicesLn 2g$339K
Other incomeLn 4–11$174K
Gifts and grantsLn 1h$132K
Money outPt IX
$399K
Ln 25
Programscol B$399K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$2.2M
LiabilitiesLn 26$718
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$132K
Fees for servicesLn 2g$339K
Investment incomeLn 3$36K
Other incomeLn 4–11$174K
Total revenueLn 12$682K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$169K
Inventories for sale or useLn 8$544
Land, buildings, equipmentLn 10c$228K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.2M
LiabilitiesLn 26$718
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 FY21End FY21
Cash and savingsLn 1–2$28K$169K
InvestmentsLn 11–13$1.7M$1.8M
Land, buildings, equipmentLn 10c$232K$228K
Total assetsLn 16$1.9M$2.2M
LiabilitiesLn 26$619$718
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$152K$152K
Pension plan contributionsLn 8$10K$10K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$16K$16K
Advertising and promotionLn 12$689$689
Office expensesLn 13$3K$3K
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$77K$77K
Total functional expensesLn 25$399K$399K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 28, 2025 $610K$649K−$39K$2.2M 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $581K$559K$22K$2.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $372K$581K−$210K$2.0M 990 PDF
FY2021 ViewingFiled with the IRS May 27, 2022 $682K$399K$282K$2.2M 990 PDF
FY2020Filed with the IRS Jun 11, 2021 $437K$330K$107K$1.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $681,760 revenue, 12 lines filed
I-8 Contributions and grants$132,063
I-9 Program service revenuePrior year $299,644$338,890
I-10 Investment incomePrior year $38,524$36,379
I-11 Other revenuePrior year $99,083$174,428
I-12 Total revenuePrior year $437,251$681,760
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $139,840$174,094
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,171$225,208
I-18 Total expensesPrior year $330,011$399,302
I-19 Revenue less expensesPrior year $107,240$282,458
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $681,760 across 7 lines filed
Lines not itemized here account for $53,764 of total revenue; see the IRS return.
VIII-1b Membership dues$132,063
VIII-1h Total contributions, gifts and grants$132,063
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $338,890$338,890
VIII-3 Investment incomeRelated to mission $36,379$36,379
VIII-6 Net rental income or lossRelated to mission $56,391$56,391
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,273$64,273
VIII-12 Total revenueRelated to mission $549,697 · Unrelated business $0 · Excluded from tax $0$681,760
Part IX · Statement of functional expenses $399,302 across 11 lines filed
IX-7 Other salaries and wagesPrograms $152,229$152,229
IX-8 Pension plan contributionsPrograms $10,000$10,000
IX-10 Payroll taxesPrograms $11,865$11,865
IX-11c Accounting feesPrograms $3,416$3,416
IX-11f Investment management feesPrograms $16,205$16,205
IX-12 Advertising and promotionPrograms $689$689
IX-13 Office expensesPrograms $2,614$2,614
IX-22 Depreciation, depletion and amortizationPrograms $37,139$37,139
IX-23 InsurancePrograms $25,902$25,902
IX-24 Other expenses (24a–d)Programs $61,915$61,915
IX-24e All other expensesPrograms $77,328$77,328
IX-25 Total functional expensesPrograms $399,302 · Management $0 · Fundraising $0$399,302
Part X · Balance sheet $2,200,798 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $11,714$28,440
X-2 Savings and temporary cash investmentsStart of year $16,076$140,686
X-8 Inventories for sale or useStart of year $1,818$544
X-10c Land, buildings and equipment, netStart of year $231,955$228,108
X-13 Program-related investmentsStart of year $1,656,678$1,803,020
X-16 Total assetsStart of year $1,918,241$2,200,798
X-17 Accounts payable and accrued expensesStart of year $619$718
X-26 Total liabilitiesStart of year $619$718
X-31 Retained earnings or endowmentStart of year $1,917,622$2,200,080
X-32 Total net assets or fund balancesStart of year $1,917,622$2,200,080
X-33 Total liabilities and net assetsStart of year $1,918,241$2,200,798
Part XI · Reconciliation of net assets $2,200,080 net assets at year end
XI-1 Total revenue$681,760
XI-2 Total expenses$399,302
XI-3 Revenue less expenses$282,458
XI-4 Net assets at start of year$1,917,622
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,200,080

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

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