BETA

MINNEAPOLIS CLUB INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MINNEAPOLIS CLUB INC (EIN 41-0414540)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-02
IRS object ID
202143069349302534
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-02T13:45:37-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 S 6TH ST 2300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410414540EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MINNEAPOLIS CLUBBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone6123322292PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 2ND AVENUE SOUTHAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKRISTIN GRAHAMPersonNm
Person TitleDIRECTOR OF OPERATIONSPersonTitleTxt
Phone6123322292PhoneNum
Signature2021-11-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKRISTINPersonFirstNm
Person LastGRAHAMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE H MOHR CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
Preparation2021-11-02PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSARGENT JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 2ND AVENUE SOUTHAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,462,829GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MPLSCLUB.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1885FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTHE MINNEAPOLIS CLUB PROVIDES PLEASURE AND RECREATIONAL FACILITIES AND SERVICES TO ITS MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee139TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI-$69,792TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$2,968NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$4,259,974PYProgramServiceRevenueAmt
CY Program Service Revenue$3,381,196CYProgramServiceRevenueAmt
PY Investment Income$14,002PYInvestmentIncomeAmt
CY Investment Income$4,290CYInvestmentIncomeAmt
PY Other Revenue$215,925PYOtherRevenueAmt
CY Other Revenue-$72,890CYOtherRevenueAmt
PY Total Revenue$4,489,901PYTotalRevenueAmt
CY Total Revenue$3,312,596CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,780,930PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,170,526CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,360,609PYOtherExpensesAmt
CY Other Expenses$3,010,754CYOtherExpensesAmt
PY Total Expenses$5,141,539PYTotalExpensesAmt
CY Total Expenses$4,181,280CYTotalExpensesAmt
PY Revenues Less Expenses-$651,638PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$868,684CYRevenuesLessExpensesAmt
Total Assets BOY$15,403,461TotalAssetsBOYAmt
Total Assets EOY$13,587,484TotalAssetsEOYAmt
Total Liabilities BOY$6,380,062TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,432,769TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,023,399NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,154,715NetAssetsOrFundBalancesEOYAmt
MissionTHE MINNEAPOLIS CLUB IS A PRIVATE CITY CLUB THAT BRINGS TOGETHER AN ENGAGED COMMUNITY OF TALENTED AND DIVERSE PEOPLE, CONNECTING THEM SOCIALLY AND PROFESSIONALLY THROUGH EXTRAORDINARY EXPERIENCES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE MINNEAPOLIS CLUB PROVIDES SERVICES TYPICAL OF A SOCIAL AND RECREATION CLUB TO ITS MEMBERS, INCLUDING MEMBER DINING, CONCIERGE SERVICES, A BUSINESS CENTER, A FITNESS CENTER, GOLF PRIVILEGES AND RECIPROCITY WITH OTHER SOCIAL CLUBS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document41IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee139EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Initiation Fees And Cap Contri$39,050InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$399,130GrossReceiptsForPublicUseAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KRISTIN GRAHAMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6123322292PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 SECOND AVENUE SOUTHAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
HAKAN LUNDBERG
CHEF-OUTGOING40.00Yes (X)$119,136$0$27,751
PATRICK FALLON
INTERIM GENERAL MANAGER-OUTGOING40.00$104,430$0$0Yes (X)
KRISTIN GRAHAM
DIRECTOR OF OPERATIONS40.00$89,642$0$10,989Yes (X)
WENDY NELSON
DIRECTOR OF OPERATIONS/CONTROLLER-OUTGOING40.00$51,193$0$2,566Yes (X)
HEATHER HANNIG
GENERAL MANAGER40.00$21,403$0$796Yes (X)
SARGENT JOHNSON
PRESIDENT5.00$0$0$0Yes (X)Yes (X)
JOSEPH PUISHYS
VICE PRESIDENT5.00$0$0$0Yes (X)Yes (X)
RAJNI SHAH
SECRETARY5.00$0$0$0Yes (X)Yes (X)
JAMES KENT
TREASURER5.00$0$0$0Yes (X)Yes (X)
MICHAEL CASEY
PAST PRESIDENT5.00$0$0$0Yes (X)Yes (X)
NICOLE BEHM-KOEP
DIRECTOR1.00$0$0$0Yes (X)
STEVE CRAMER
DIRECTOR1.00$0$0$0Yes (X)
MEGHAN ELLIOTT
DIRECTOR-OUTGOING1.00$0$0$0Yes (X)
DANIEL FARLEY
DIRECTOR1.00$0$0$0Yes (X)
MILES FITERMAN
DIRECTOR1.00$0$0$0Yes (X)
KATE GILLETTE
DIRECTOR1.00$0$0$0Yes (X)
JOHN HINCK
DIRECTOR-OUTGOING1.00$0$0$0Yes (X)
TIM HUEBSCH
DIRECTOR1.00$0$0$0Yes (X)
ANDREW HUMPHREY
DIRECTOR-OUTGOING1.00$0$0$0Yes (X)
DAVID KANSAS
DIRECTOR1.00$0$0$0Yes (X)
LOUIS KING
DIRECTOR-OUTGOING1.00$0$0$0Yes (X)
ELLEN LUGER
DIRECTOR1.00$0$0$0Yes (X)
BRIAN PIETSCH
DIRECTOR1.00$0$0$0Yes (X)
JIM ULLAND
DIRECTOR1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$385,804TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$42,102TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES713910$3,342,146$3,342,146
INITIATION FEES713910$39,050$39,050
FieldValueIRS element (for citing)
Total Program Service Revenue$3,381,196TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,290TotalRevenueColumnAmt
Unrelated Business Revenue$4,290UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,780,389GrossSalesOfInventoryAmt
Cost Of Goods Sold$2,150,233CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$369,844TotalRevenueColumnAmt
Related Or Exempt Func Income-$295,762RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$74,082UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYEE RETENTION CREDIT900099$284,454$284,454
MISCELLANEOUS REVENUE900099$12,500$12,500
FieldValueIRS element (for citing)
Other Revenue Total$296,954OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,312,596TotalRevenueColumnAmt
Related Or Exempt Func Income$3,097,934RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$69,792UnrelatedBusinessRevenueAmt
Exclusion$284,454ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$281,019TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$634,880TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$18,741TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$159,969TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$75,917TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$21,137TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,407TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$357,511TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$18,972TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$70,895TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$799,694TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$642TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$106,307TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$185,111TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,131,864TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$143,057TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
MN UBI TAXES$6,144
REPAIRS & MAINTENANCE$45,450
OTHER MISC EXPENSES$43,649
DECORATIONS$12,356

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$21,558TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,181,280TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$29,169BOYAmt
EOY-$338,065EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,555,619BOYAmt
EOY$1,879,288EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,044,615BOYAmt
EOY$361,384EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$121,238BOYAmt
EOY$77,755EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$87,011BOYAmt
EOY$69,128EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$33,885,218LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$22,347,224LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,565,809BOYAmt
EOY$11,537,994EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,403,461BOYAmt
EOY$13,587,484EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,280,481BOYAmt
EOY$642,002EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$41,012BOYAmt
EOY$38,955EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,810,058BOYAmt
EOY$4,521,052EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$248,511BOYAmt
EOY$230,760EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,380,062BOYAmt
EOY$5,432,769EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$9,023,399BOYAmt
EOY$8,154,715EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,023,399BOYAmt
EOY$8,154,715EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,403,461BOYAmt
EOY$13,587,484EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$868,684ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$190,803OtherCostOrOtherBasisAmt
Book Value$190,803BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$30,139,467OtherCostOrOtherBasisAmt
Depreciation$20,155,067DepreciationAmt
Book Value$9,984,400BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,410,977OtherCostOrOtherBasisAmt
Depreciation$2,192,157DepreciationAmt
Book Value$1,218,820BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$143,971OtherCostOrOtherBasisAmt
Book Value$143,971BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,537,994TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED INCENTIVE INCOMEDesc
Amt$230,760Amt
FieldValueIRS element (for citing)
Total Liability$230,760TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$5,462,829TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,462,829RevenueSubtotalAmt
Other Revenues Not Included-$2,150,233OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$2,150,233RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,312,596TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,331,513TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,150,233OtherExpensesIncludedAmt
Expenses Not Reported$2,150,233ExpensesNotReportedAmt
Expenses Subtotal$4,181,280ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,181,280TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:COST OF SALES -2,150,233.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF SALES 2,150,233.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE MEMBERSHIP OF THE CLUB (EXCLUSIVE OF LIFETIME AND HONORARY MEMBERS) SHALL BE LIMITED TO 1,325 RESIDENT MEMBERS AND 450 NON-RESIDENT MEMBERS. MEMBERS ARE APPROVED BY THE BOARD OF GOVERNORS.
FORM 990, PART VI, SECTION A, LINE 7ATHE ANNUAL MEETING OF THE MEMBERS OF THE CLUB SHALL BE HELD AT ITS CLUB HOUSE THE FOURTH TUESDAY IN APRIL, OR AT SUCH OTHER PLACE, AT SUCH OTHER TIME AND ON SUCH OTHER DAY NOT LATER THAN THE LAST DAY OF APRIL, IN EACH YEAR, AS THE BOARD OF GOVERNORS MAY DETERMINE FROM YEAR TO YEAR (PROVIDED THAT WRITTEN NOTICE OF THE PLACE, TIME AND DATE SO DETERMINED SHALL BE MAILED TO EACH MEMBER AT LEAST THIRTY DAYS PRIOR TO SUCH MEETING) TO CONSIDER SUCH BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. FURTHER, THE ELECTIVE MEMBERS OF THE BOARD OF GOVERNORS SHALL BE ELECTED AT THE ANNUAL MEETING WITH THE FOLLOWING PROCEDURE: THE BOARD OF GOVERNORS SHALL EACH YEAR, AT LEAST THIRTY DAYS PRIOR TO SAID ANNUAL MEETING, APPOINT UP TO FIVE MEMBERS, NONE OF WHOM SHALL BE A MEMBER OF THE BOARD OF GOVERNORS, TO A NOMINATING COMMITTEE. THE COMMITTEE SHALL ALSO INCLUDE THE PRESIDENT, THE VICE-PRESIDENT AND THE IMMEDIATE PAST PRESIDENT. SUCH NOMINATING COMMITTEE SHALL POST, AT LEAST TWENTY DAYS PRIOR TO THE ANNUAL MEETING, A LIST NOMINATING ONE MEMBER AS A CANDIDATE FOR EACH VACANCY IN THE ELECTIVE MEMBERSHIP OF THE BOARD OF GOVERNORS, WHICH LIST SHALL BE KNOWN AS THE "REGULAR TICKET." MEMBERS OF THE CLUB, NOT LESS THAN TWENTY IN NUMBER, MAY NOMINATE "SPECIAL TICKETS" OF MEMBERS AS CANDIDATES FOR SUCH VACANCIES, DIFFERING IN WHOLE OR IN PART FROM THE REGULAR TICKET, BY SIGNING SUCH SPECIAL TICKETS AND POSTING THE SAME AT LEAST FIFTEEN DAYS PRIOR TO SAID ANNUAL MEETING. EACH VACANCY IN THE BOARD OF GOVERNORS SHALL BE FILLED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE RESIDENT MEMBERS PRESENT IN PERSON, BY MAILED-IN BALLOT OR PROXY WHO VOTE AT THE ANNUAL MEETING. IF MORE THAN ONE CANDIDATE HAS BEEN NOMINATED FOR A VACANCY THROUGH A SPECIAL TICKET, VOTING SHALL BE BY SECRET BALLOT AT THE MEETING.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE 990 IS GIVEN TO EACH BOARD MEMBER. INPUT IS SOLICITED AND THE FORM IS REVIEWED INTERNALLY BY THE BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 12CPRIOR TO ENTERING INTO BUSINESS TRANSACTIONS WITH MANAGEMENT PERSONS, THE PROPOSED TRANSACTIONS MUST BE CAREFULLY REVIEWED TO DETERMINE THAT SUCH TRANSACTIONS ARE IN THE BEST INTEREST OF THE CLUB. THE INTERESTED PARTY MUST MAKE FULL DISCLOSURE, TO THE BEST OF HIS OR HER KNOWLEDGE, OF ANY DUAL INTEREST IN THE PROPOSED TRANSACTION BY SUBMITTING A REPORT TO THE BOARD OF GOVERNORS OR ANY COMMITTEE DESIGNATED BY THE BOARD TO HANDLE SUCH MATTERS, DISCLOSING WHY THE PROPOSED TRANSACTION OR ARRANGEMENT MAY OR MAY NOT BE IN THE BEST INTEREST OF THE CLUB. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD OF GOVERNANCE COMMITTEE, THE INTERESTED PARTY SHALL DEPART THE BOARD OR GOVERNANCE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT-OF-INTEREST IS DISCUSSED AND VOTED UPON. THE BOARD OR GOVERNANCE COMMITTEE, EXCLUDING ANY INTERESTED PARTY, SHALL DECIDE IF A CONFLICT-OF-INTEREST EXISTS. IF THE BOARD OR GOVERNANCE COMMITTEE HAS A REASONABLE CAUSE TO BELIEVE THAT A MANAGEMENT PERSON HAS FAILED TO COMPLY WITH THIS CONFLICT-OF-INTEREST POLICY, THE BOARD OR GOVERNANCE COMMITTEE MAY INFORM THE MANAGEMENT PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO COMPLY. AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, IF THE BOARD OR GOVERNANCE COMMITTEE DETERMINES THAT SUCH MANAGEMENT PERSON HAS IN FACT FAILED TO COMPLY WITH THIS CONFLICT-OF-INTEREST POLICY, IT MAY TAKE ACTION INCLUDING, AMONG OTHER THINGS, REMOVAL OR TERMINATION OF SUCH MANAGEMENT PERSON.
FORM 990, PART VI, SECTION B, LINE 15AAN ANNUAL SURVEY IS CONDUCTED FOR THE NATIONAL CITY/ATHLETIC CLUB MANAGERS' CONFERENCE. SALARY INFORMATION IS SHARED AT THE NATIONAL CONFERENCE. USING THIS INFORMATION, THE COMPENSATION COMMITTEE REVIEWS THE SALARY FOR THE CLUB'S GENERAL MANAGER AND DETERMINES THE OVERALL ANNUAL INCREASE. THIS INFORMATION IS SHARED WITH THE BOARD OF GOVERNORS IN AN EXECUTIVE SESSION.
FORM 990, PART VI, SECTION C, LINE 19UPON SUBMISSION OF FORMAL REQUEST TO MINNEAPOLIS CLUB AND SUBSEQUENT APPROVAL BY THE BOARD, MINNEAPOLIS CLUB WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.