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        <BusinessCd>713910</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>274140</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>RECREATIONAL ACTIVITY INCOME</Desc>
        <BusinessCd>713910</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>96259</RelatedOrExemptFuncIncomeAmt>
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        <UnrelatedBusinessRevenueAmt>155481</UnrelatedBusinessRevenueAmt>
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      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>27205</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>27205</RelatedOrExemptFuncIncomeAmt>
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      <CostOfGoodsSoldAmt>2091500</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>660979</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>660979</RelatedOrExemptFuncIncomeAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>MISCELLANEOUS</Desc>
        <BusinessCd>713910</BusinessCd>
        <TotalRevenueColumnAmt>798334</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>798334</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>798334</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>12888367</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>3651523</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>155481</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>0</ExclusionAmt>
      </TotalRevenueGrp>
      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>11315</TotalAmt>
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      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>852067</TotalAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>4777487</TotalAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>32278</TotalAmt>
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      <OtherEmployeeBenefitsGrp>
        <TotalAmt>378558</TotalAmt>
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      <PayrollTaxesGrp>
        <TotalAmt>615231</TotalAmt>
      </PayrollTaxesGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>29340</TotalAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>55950</TotalAmt>
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      <AdvertisingGrp>
        <TotalAmt>503034</TotalAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>7569</TotalAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>77445</TotalAmt>
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      <OccupancyGrp>
        <TotalAmt>27643</TotalAmt>
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      <TravelGrp>
        <TotalAmt>29132</TotalAmt>
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      <InterestGrp>
        <TotalAmt>14166</TotalAmt>
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      <DepreciationDepletionGrp>
        <TotalAmt>1379377</TotalAmt>
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      <InsuranceGrp>
        <TotalAmt>304612</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>SUPPLIES</Desc>
        <TotalAmt>633174</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>REPAIRS AND MAINTENANCE</Desc>
        <TotalAmt>486054</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>CHEMICALS</Desc>
        <TotalAmt>447459</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>EQUIPMENT LEASE</Desc>
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      <AllOtherExpensesGrp>
        <TotalAmt>1240905</TotalAmt>
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      <TotalFunctionalExpensesGrp>
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        <EOYAmt>1067657</EOYAmt>
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        <EOYAmt>461375</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
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      <TotalAssetsGrp>
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      <TotalLiabilitiesGrp>
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        <EOYAmt>6620111</EOYAmt>
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      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
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        <EOYAmt>0</EOYAmt>
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      <PdInCapSrplsLandBldgEqpFundGrp>
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        <EOYAmt>0</EOYAmt>
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        <EOYAmt>42880983</EOYAmt>
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        <Desc>CONSTRUCTION IN PROGRESS</Desc>
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      <OtherAssetsOrgGrp>
        <Desc>RIGHT OF USE ASSETS</Desc>
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      <OtherAssetsOrgGrp>
        <Desc>LONG TERM RECEIVABLES</Desc>
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        <Desc>LEASE LIABILITY</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>DEPOSITS ON MEMBERSHIP</Desc>
        <Amt>919700</Amt>
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      <TotalLiabilityAmt>1434914</TotalLiabilityAmt>
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          <BusinessNameLine1Txt>IRON HORSE FOUNDATION</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
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          <CityNm>WHITEFISH</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
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      <WrittenPolicyRefTAndEExpnssInd>1</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>1</SubstantiationRequiredInd>
      <WrittenEmploymentContractInd>X</WrittenEmploymentContractInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
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        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
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        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DANIEL SHOFF</PersonNm>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
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        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
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      <RltdOrgOfficerTrstKeyEmplGrp>
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        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
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        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION IS DETERMINED BY EXAMINING THE COMPARATIVE INDUSTRY AND THE MERIT OF THE INDIVIDUAL EMPLOYEE.</ExplanationTxt>
      </SupplementalInformationDetail>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION IS DETERMINED BY EXAMINING THE COMPARATIVE INDUSTRY AND THE MERIT OF THE INDIVIDUAL EMPLOYEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>UTILITIES 243,709. MISCELLANEOUS 219,979. PROGRAM EXPENSES 207,643. PROPERTY TAXES 134,900. DUES AND SUBSCRIPTIONS 87,133. FUEL 73,267. UNIFORMS 60,063. CLEANING 47,863. FEDERAL AND STATE INCOME TAX (UBIT) 41,029. ENTERTAINMENT 37,930. BANK FEES 33,566. CONTRACT SERVICES 28,762. TRAINING 15,252. LICENSES AND PERMITS 9,809.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIP SALES 165,000. CAPITAL ASSESSMENTS 13,860,000.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
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        </DisregardedEntityName>
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          <AddressLine1Txt>2150 IRON HORSE DRIVE</AddressLine1Txt>
          <CityNm>WHITEFISH</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
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        </USAddress>
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        <LegalDomicileStateCd>MT</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(7)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>IRON HORSE GOLF CLUB INC</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>