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Laurel Golf Club FY2020 filing

Not tax-deductible

Laurel, MT501(c)(7)Mutual / membership EIN 81-0299939Revenue $1.8M in FY2020Latest return filed Sep 5, 2025

On file with the IRSlaurelgolfclub.comLaurel, MTTax-exempt since Oct 1969

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Member owned private Golf Club

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 4
filings with a surplus
Average surplus $132K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$457K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
477
of 477 voting members
Looks good: 477 of 477 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.7M
To programs
95%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$454K
FY2022$2.4M
FY2024$3.3M
Expenses
$1.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$459K
FY2022$2.0M
FY2024$3.2M
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.0M
FY2022$3.3M
FY2024$3.6M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Oct 1969.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.6M Management & general 5% · $81K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Francis Ricci
Treasurer
$0Pt VII · Sec A
Kee Dunning
Director
$0Pt VII · Sec A
Jesse Norman
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Holden
Director
$0Pt VII · Sec A
Jim Ouren
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John Lamb
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022
Jennifer Nelson$84,981$79,613

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Laurel Golf Club 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

Laurel Golf Club is a member-serving organization based in Laurel, MT.

Questions for Laurel Golf Club

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1 program · $1.6M · in their own filed words · FY2019
01

Laurel golf club is a private club providing golf and dining facilities primarily to its members.

$1.6Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$496K
Fees for servicesLn 2g$263K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$81K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$545K
Total assetsLn 16$3.4M
LiabilitiesLn 26$457K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a477
IndependentVI 1b477
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$263K
Investment incomeLn 3$12K
Other incomeLn 4–11$496K
Gains on assetsLn 7$9K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
SavingsLn 2$545K
Cash and savings togetherLn 1–2$545K
Accounts receivableLn 4$88K
Inventories for sale or useLn 8$28K
Prepaid expenses and deferred chargesLn 9$21K
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$11K
Total assetsLn 16$3.4M
LiabilitiesLn 26$457K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 582
VolunteersI 635
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$488K$545K
Land, buildings, equipmentLn 10c$2.7M$2.7M
Total assetsLn 16$3.3M$3.4M
LiabilitiesLn 26$485K$457K
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$909K$877K$32K
Pension plan contributionsLn 8$19K$19K$679
Other employee benefitsLn 9$61K$59K$2K
Payroll taxesLn 10$98K$95K$3K
Accounting feesLn 11c$10K$10K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$122K$119K$3K
InsuranceLn 23$36K$35K$536
Other expenses (24a–d)Ln 24$283K$262K$21K
All other expensesLn 24e$132K$124K$8K
Total functional expensesLn 25$1.7M$1.6M$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 5, 2025 $3.3M$3.2M$101K$3.6M 990 PDF
FY2023 Not on file
FY2022Filed with the IRS Nov 15, 2023 $2.4M$2.0M$327K$3.3M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $454K$459K−$5K$3.0M 990 PDF
FY2020 ViewingFiled with the IRS Mar 9, 2021 $1.8M$1.7M$104K$2.9M 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 FY2020 990 (6 parts)
Part I · Summary $1,780,398 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $967,360$1,009,790
I-9 Program service revenuePrior year $277,708$262,837
I-10 Investment incomePrior year $22,744$11,856
I-11 Other revenuePrior year $420,061$495,915
I-12 Total revenuePrior year $1,687,873$1,780,398
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 $1,040,587$1,088,490
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $598,309$587,570
I-18 Total expensesPrior year $1,638,896$1,676,060
I-19 Revenue less expensesPrior year $48,977$104,338
Part VI · Governance 477 of 477 board members independent, no flags
VI-1a Voting members of the governing body477
VI-1b Independent voting members477
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,780,398 across 8 lines filed
Lines not itemized here account for $472,128 of total revenue; see the IRS return.
VIII-1b Membership dues$1,009,790
VIII-1h Total contributions, gifts and grants$1,009,790
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $219,580 · Unrelated business $43,257$262,837
VIII-3 Investment incomeUnrelated business $2,608$2,608
VIII-6 Net rental income or lossUnrelated business $8,000$8,000
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,248$9,248
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,787$15,787
VIII-12 Total revenueRelated to mission $575,105 · Unrelated business $195,503 · Excluded from tax $0$1,780,398
Part IX · Statement of functional expenses $1,676,060 across 10 lines filed
IX-7 Other salaries and wagesPrograms $877,495 · Management $31,940$909,435
IX-8 Pension plan contributionsPrograms $18,658 · Management $679$19,337
IX-9 Other employee benefitsPrograms $59,189 · Management $2,154$61,343
IX-10 Payroll taxesPrograms $94,920 · Management $3,455$98,375
IX-11c Accounting feesManagement $10,003$10,003
IX-20 InterestPrograms $4,983$4,983
IX-22 Depreciation, depletion and amortizationPrograms $118,817 · Management $3,132$121,949
IX-23 InsurancePrograms $35,359 · Management $536$35,895
IX-24 Other expenses (24a–d)Programs $261,823 · Management $20,781$282,604
IX-24e All other expensesPrograms $124,271 · Management $7,865$132,136
IX-25 Total functional expensesPrograms $1,595,515 · Management $80,545 · Fundraising $0$1,676,060
Part X · Balance sheet $3,394,654 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $488,001$545,455
X-4 Accounts receivableStart of year $64,979$88,064
X-8 Inventories for sale or useStart of year $27,773$27,570
X-9 Prepaid expenses and deferred chargesStart of year $18,532$20,725
X-10c Land, buildings and equipment, netStart of year $2,707,874$2,701,772
X-15 Other assetsStart of year $11,068$11,068
X-16 Total assetsStart of year $3,318,227$3,394,654
X-17 Accounts payable and accrued expensesStart of year $173,070$158,943
X-19 Deferred revenueStart of year $216,645$229,425
X-23 Secured mortgages and notes payableStart of year $95,021$64,862
X-25 Other liabilitiesStart of year $0$3,595
X-26 Total liabilitiesStart of year $484,736$456,825
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $2,833,491$2,937,829
X-32 Total net assets or fund balancesStart of year $2,833,491$2,937,829
X-33 Total liabilities and net assetsStart of year $3,318,227$3,394,654
Part XI · Reconciliation of net assets $2,937,829 net assets at year end
XI-1 Total revenue$1,780,398
XI-2 Total expenses$1,676,060
XI-3 Revenue less expenses$104,338
XI-4 Net assets at start of year$2,833,491
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,937,829

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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