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Whetstone Creek Golf Course

Not tax-deductible

Milbank, SD501(c)(4)Since 2019Recreation & SportsEIN 83-4027557Revenue $641K in FY2025

On file with the IRSfacebook.com/whetstonecreek14626 SD Highway 15, 57252-5452 · Milbank, SDTax-exempt since Apr 2020

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Owns and operates a Golf Course, driving range, and club house for the community of milbank and surrounding area members. Also works with the milbank school district to provide educational Golf.

95¢ of each $1 spent went to programs.
Run by 15 volunteers and 25 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
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
5 of 6
filings with a surplus
Average surplus $67K a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 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: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$382K
22% of total assets
Looks good: liabilities are 22% 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
$641K
-11% vs prior year
Spent
$669K
To programs
95%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$641K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$628K
FY2021$570K
FY2022$640K
FY2023$621K
FY2024$724K
FY2025$641K
Expenses
$669K
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$493K
FY2021$515K
FY2022$544K
FY2023$581K
FY2024$619K
FY2025$669K
Net assets
$1.4M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M
FY2025$1.4M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2020.

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% · $634K Management & general 5% · $34K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Jason Ackerman
Board Member
$0Pt VII · Sec A
Bob Berens
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Jacob Knoll
Treasurer
$0Pt VII · Sec A
Tom Schuneman
Past Preside
$0Pt VII · Sec A
Jan Scriver
President
$0Pt VII · Sec A
Kevin Sousa
Board Member
$0Pt VII · Sec A
See Whetstone Creek Golf Course 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

Operates a golf course and driving range, offering community access and educational programs.

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Provided by the organization

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2 programs · $625K · in their own filed words · FY2025
01

Provide a driving range and 18 hole golf course. Provide golf cart and cart shed yearly rentals.

$414Kprogram expense
02

Provide clubhouse food and beverage service

$211Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$641K
Ln 12
Fees for servicesLn 2g$514K
Other incomeLn 4–11$60K
Gifts and grantsLn 1h$39K
Money outPt IX
$669K
Ln 25
Programscol B$634K
Managementcol C$34K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$234K
Total assetsLn 16$1.8M
LiabilitiesLn 26$382K
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$39K
Fees for servicesLn 2g$514K
Investment incomeLn 3$28K
Other incomeLn 4–11$60K
Gains on assetsLn 7$110
Total revenueLn 12$641K
Assets in detailPt X, end of year
CashLn 1$207K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$234K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.8M
LiabilitiesLn 26$382K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 525
VolunteersI 615
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$350K$234K
Land, buildings, equipmentLn 10c$962K$1.3M
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$181K$382K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$182K$182K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$254K$246K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$573$573
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$71K$71K
Total functional expensesLn 25$669K$634K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $641K$669K−$28K$1.4M 990 PDF
FY2024 $724K$619K$105K$1.4M 990 PDF
FY2023 $621K$581K$40K$1.3M 990 PDF
FY2022 $640K$544K$96K$1.3M 990 PDF
FY2021 $570K$515K$54K$1.2M 990 PDF
FY2020 $628K$493K$135K$1.1M 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 (6 parts)
Part I · Summary $640,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,092$38,864
I-9 Program service revenuePrior year $508,768$514,183
I-10 Investment incomePrior year $22,794$28,432
I-11 Other revenuePrior year $88,613$59,518
I-12 Total revenuePrior year $724,267$640,997
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $187,478$197,341
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,393$471,268
I-18 Total expensesPrior year $618,871$668,609
I-19 Revenue less expensesPrior year $105,396−$27,612
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $640,997 across 7 lines filed
Lines not itemized here account for $29,781 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$38,864
VIII-1h Total contributions, gifts and grants$38,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $483,847$483,847
VIII-3 Investment incomeRelated to mission $28,322$28,322
VIII-7 Net gain or loss on sales of assetsRelated to mission $110$110
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $60,073$60,073
VIII-12 Total revenueRelated to mission $602,133$640,997
Part IX · Statement of functional expenses $668,609 across 11 lines filed
IX-7 Other salaries and wagesPrograms $181,934$181,934
IX-10 Payroll taxesPrograms $15,407$15,407
IX-11c Accounting feesManagement $26,967$26,967
IX-11g Other fees for servicesPrograms $246,251 · Management $7,350$253,601
IX-12 Advertising and promotionPrograms $1,649$1,649
IX-13 Office expensesPrograms $1,142$1,142
IX-19 Conferences, conventions and meetingsPrograms $573$573
IX-20 InterestPrograms $5,605$5,605
IX-22 Depreciation, depletion and amortizationPrograms $93,701$93,701
IX-23 InsurancePrograms $16,919$16,919
IX-24 Other expenses (24a–d)Programs $71,111$71,111
IX-25 Total functional expensesPrograms $634,292 · Management $34,317 · Fundraising $0$668,609
Part X · Balance sheet $1,753,838 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $119,056$206,946
X-2 Savings and temporary cash investmentsStart of year $230,766$26,564
X-8 Inventories for sale or useStart of year $6,752$7,957
X-10c Land, buildings and equipment, netStart of year $961,533$1,251,407
X-14 Intangible assetsStart of year $262,897$260,964
X-16 Total assetsStart of year $1,581,004$1,753,838
X-25 Other liabilitiesStart of year $173,426$381,668
X-26 Total liabilitiesStart of year $181,222$381,668
X-27 Net assets without donor restrictionsStart of year $1,399,782$1,372,170
X-32 Total net assets or fund balancesStart of year $1,399,782$1,372,170
X-33 Total liabilities and net assetsStart of year $1,581,004$1,753,838
Part XI · Reconciliation of net assets $1,372,170 net assets at year end
XI-1 Total revenue$640,997
XI-2 Total expenses$668,609
XI-3 Revenue less expenses−$27,612
XI-4 Net assets at start of year$1,399,782
XI-10 Net assets at end of year$1,372,170

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

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