2024-03-29T14:40:16-05:00 2023-12-31 411397419 Abdo LLP 5201 Eden Avenue Suite 250 Edina MN 55436 990 2023-01-01 411557904 Minnesota Valley Country Club Inc MINN 9528842409 6300 Auto Club Rd Bloomington MN 55438 Steve Gilles GM/COO 9528842409 2024-03-28 1 Steve Gilles XXX-XX-XXXX 0 Steven D Anseth CPA P00552219 9528359090 2024-03-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Steve Gilles 6300 Auto Club Road Bloomington MN 55438 8788044 0 X www.mvccgolf.com X 1986 MN Golf Club 9 9 196 67 218733 0 329795 330934 4192296 4794763 17030 69236 -201470 140148 4337651 5335081 0 0 0 0 2024490 2160464 0 0 0 1965013 2547204 3989503 4707668 348148 627413 12118828 14870103 8498658 10632403 3620170 4237700 An exceptional golf club for members, their families, and friends. 0 0 Provide recreational and social activities for club members consistent with our tax exempt status. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 196 0 1 1 0 0 0 0 0 0 1330100 852752 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X The Organization 9528842409 6300 Auto Club Rd Bloomington MN 55438 Karen Jenks President 6.00 X X 0 0 0 Craig Johnson Vice President/Director 6.00 X X 0 0 0 Ben Johnshoy Secretary 6.00 X X 0 0 0 Dennis Anderson Treasurer 6.00 X X 0 0 0 Bill Brann Director 6.00 X 0 0 0 Ronald Szarzynski Director 6.00 X 0 0 0 Kathy Clements Director 6.00 X 0 0 0 David Minkkinen Director 6.00 X 0 0 0 Aaron Koehler Director 6.00 X 0 0 0 Paula Keimig Controller 40.00 X 118221 0 10246 Steve Gilles GM/COO 40.00 X 205773 0 3448 Jared Grubor Clubhouse Manager 40.00 X 104810 0 10962 Mike Brower Head Superintendent 40.00 X 198896 0 11722 Matt Paulius Head Golf Professional 40.00 X 158824 0 9395 786524 0 45773 5 0 1 0 0 330934 330934 Member Dues 713910 2332116 2332116 Capital Fees 713910 919900 919900 Initiation Fees 713910 410200 410200 Green Fees 713910 404844 320475 84369 Golf Cart Fees 713910 308697 244365 64332 419006 356448 62558 4794763 52687 52687 16549 0 16549 16549 16549 3593111 3452963 140148 132674 7474 5335081 4732727 218733 52687 453460 1429239 19328 114018 144419 8860 22000 21820 29692 49287 14352 299687 17395 265244 661381 100434 Golf & Grounds Expense 558200 Clubhouse Architect 163979 Golf Carts 102518 Repairs & Maintenance 65434 166921 4707668 898143 870735 204876 210286 367115 435368 82250 191250 178514 218369 65768 39240 19645397 8436370 8949335 11209027 1778 1778 1371049 1694050 12118828 14870103 667840 960117 58150 1136900 6427096 6871654 1345572 1663732 8498658 10632403 X 3620170 4237700 3620170 4237700 12118828 14870103 X 627413 -9883 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1899197 1899197 7885043 3784620 4100423 5464210 2179224 3284986 3966493 2472526 1493967 430454 430454 11209027 Deferred Compensation Plan Assets 1217873 Operating Lease Right-of-Use 476177 1694050 Deferred Compensation 1217873 Long-term Operating Lease 445859 1663732 X 5335081 0 5335081 0 5335081 4707668 0 4707668 0 4707668 Part X, Line 2: The Organization is classified by the Internal Revenue Service as a tax-exempt organization under Section 501(c) (7) of the Internal Revenue Code. It is only subject to tax on unrelated business income. This income includes investment income, income generated from non-member use of the Organization, and any income generated from advertising. The Organization has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Organization is subject to routine audits by these jurisdictions; however, the Organization is currently not under any audits for any tax periods. The Organization does not anticipate any of its income tax filing positions would result in a material adverse effect on the Organization's financial condition, results of operations or cash flow. No liability has been recorded for uncertain tax positions. As allowed under accounting principles generally accepted in the United States of America, the Organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the Organization's statement of activities. During the years ended December 31, 2023 and 2022, the Organization did not recognize any interest or penalties. With few exceptions, the Organization is nolonger subject to tax examinations by tax authorities for years before 2020. X X 0 0 0 Mike Brower Head Superintendent 198896 0 0 0 0 0 2249 0 9473 0 210618 0 0 0 Steve Gilles GM/COO 205773 0 0 0 0 0 1440 0 2008 0 209221 0 0 0 Matt Paulius Head Golf Professional 158824 0 0 0 0 0 1763 0 7632 0 168219 0 0 0 Form 990, Part VI, Section A, line 6 The Organization is owned by the members who are stockholders. There are also members who are not stockholders. Form 990, Part VI, Section A, line 7a The Club's Board of Directors is elected by the members who are stockholders and can vote. Form 990, Part VI, Section A, line 7b Members who are stockholders vote on decisions such as golf course improvements and financing. Form 990, Part VI, Section B, line 11b Form 990 is provided to the Club's Audit Committee for review. After review, it is forwarded to the Club's Board of Directors for their review prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reviewed annually by the Club's Board of Directors for any necessary changes. Form 990, Part VI, Section B, line 15 Executive committee evaluates comparative private club compensation arrangements and formulates a hiring contract. Objectives are determined annually and then measured for completion to determine any amount of bonus and/or wage increase. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Equity repayments and offsets -9,883. Form 990, Part XII, Line 2c: The process has not changed from the prior year.