Sheaffer Memorial Golf Park

Fort Madison, IA501(c)(3)Since 1947EIN 42-0862699

The golf course is to be used by any and all of the general public.

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · 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
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $68K a year · 13% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$447K
144% of total assets
Concern: liabilities are 144% of assets; over 80%.
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
$529K
-3% vs prior year
Spent
$578K
To programs
86%
Net assets
−$137K
By yearFY2020–FY2025
Revenue
$529K
FY2025▼ -3%
Revenue by fiscal year
FY2020$466K
FY2021$517K
FY2022$507K
FY2023$563K
FY2024$546K
FY2025$529K
Expenses
$578K
FY2025▼ -2%
Expenses by fiscal year
FY2020$548K
FY2021$593K
FY2022$562K
FY2023$664K
FY2024$593K
FY2025$578K
Net assets
−$137K
FY2025▼ -57%
Net assets by fiscal year
FY2020$191K
FY2021$115K
FY2022$61K
FY2023−$40K
FY2024−$87K
FY2025−$137K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1947.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $497K Management & general 14% · $81K

Form 990 Part IX, line 25, columns B–D. 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
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sheaffer Memorial Golf Park 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 15aNo

Programs and updates

Provides a public golf course for community use and improvement.

Provided by the organization

This section is blank until Sheaffer Memorial Golf Park claims this page.

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1 program service account for $404K of program spending, described in the organization's own filed words · FY2025.
01

Sheaffer memorial golf park furnishes and maintains recreational facilities for the general public welfare and use of the entire fort madison community

$404Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$529K
Ln 12
Fees for servicesLn 2g$473K
Other incomeLn 4–11$56K
Gifts and grantsLn 1h$542
Money outPt IX
$578K
Ln 25
Programscol B$497K
Managementcol C$81K
Owns and owesPt X
−$137K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$310K
LiabilitiesLn 26$447K
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$542
Fees for servicesLn 2g$473K
Investment incomeLn 3$20
Other incomeLn 4–11$56K
Total revenueLn 12$529K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Land, buildings, equipmentLn 10c$262K
Total assetsLn 16$310K
LiabilitiesLn 26$447K
Net assetsLn 32−$137K
OperationsPt I, VI
EmployeesI 528
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 FY25End FY25
Cash and savingsLn 1–2$76K$47K
Land, buildings, equipmentLn 10c$264K$262K
Total assetsLn 16$344K$310K
LiabilitiesLn 26$431K$447K
Net assetsLn 32−$87K−$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$191K$191K
Payroll taxesLn 10$26K$26K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$265$265
Office expensesLn 13$1K$1K
OccupancyLn 16$46K$23K$23K
InterestLn 20$21K$6K$15K
Depreciation, depletion and amortizationLn 22$59K$59K
InsuranceLn 23$27K$7K$21K
Other expenses (24a–d)Ln 24$157K$157K
All other expensesLn 24e$41K$27K$14K
Total functional expensesLn 25$578K$497K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $529K$578K−$50K−$137K 990 PDF
FY2024 $546K$593K−$47K−$87K 990 PDF
FY2023 $563K$664K−$101K−$40K 990 PDF
FY2022 $507K$562K−$54K$61K 990 PDF
FY2021 $517K$593K−$75K$115K 990 PDF
FY2020 $466K$548K−$82K$191K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $528,745 across 6 lines filed
Lines not itemized here account for $53,456 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$542
VIII-1h Total contributions, gifts and grants$542
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $472,522$472,522
VIII-3 Investment incomeExcluded from tax $20$20
VIII-6 Net rental income or lossExcluded from tax $2,205$2,205
VIII-12 Total revenueRelated to mission $472,522 · Unrelated business $53,456 · Excluded from tax $2,225$528,745
Part IX · Statement of functional expenses $578,289 across 11 lines filed
IX-7 Other salaries and wagesPrograms $190,936$190,936
IX-10 Payroll taxesPrograms $26,414$26,414
IX-11c Accounting feesManagement $7,360$7,360
IX-12 Advertising and promotionManagement $265$265
IX-13 Office expensesManagement $1,302$1,302
IX-16 OccupancyPrograms $22,824 · Management $23,289$46,113
IX-20 InterestPrograms $6,279 · Management $14,650$20,929
IX-22 Depreciation, depletion and amortizationPrograms $59,433$59,433
IX-23 InsurancePrograms $6,852 · Management $20,557$27,409
IX-24 Other expenses (24a–d)Programs $156,889$156,889
IX-24e All other expensesPrograms $27,296 · Management $13,943$41,239
IX-25 Total functional expensesPrograms $496,923 · Management $81,366 · Fundraising $0$578,289
Part X · Balance sheet $310,076 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $75,905$47,078
X-8 Inventories for sale or useStart of year $3,524$1,000
X-10c Land, buildings and equipment, netStart of year $264,456$261,998
X-16 Total assetsStart of year $343,885$310,076
X-17 Accounts payable and accrued expensesStart of year $11,505$4,823
X-19 Deferred revenueStart of year $129,775$105,203
X-25 Other liabilities$50,000
X-26 Total liabilitiesStart of year $431,016$446,751
X-32 Total net assets or fund balancesStart of year −$87,131−$136,675
X-33 Total liabilities and net assetsStart of year $343,885$310,076
Part XI · Reconciliation of net assets −$136,675 net assets at year end
XI-1 Total revenue$528,745
XI-2 Total expenses$578,289
XI-3 Revenue less expenses−$49,544
XI-4 Net assets at start of year−$87,131
XI-10 Net assets at end of year−$136,675

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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