Nonprofit · EIN 42-1308261
GREEN VALLEY FLOYD GOLF CORP
Tax-exempt · SIOUX CITY, IA 51106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,898,029 | $1,795,568 | $102,461 | $1,924,115 | $342,630 | $1,581,485 |
| December 31, 2024 | 990 | $1,702,902 | $1,720,702 | -$17,800 | $1,878,882 | $399,858 | $1,479,024 |
| December 31, 2023 | 990 | $1,546,926 | $1,488,590 | $58,336 | $1,763,632 | $266,808 | $1,496,824 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,616,713
- Investment income
- $18,893
- Net gain from sales of assets
- $5,000
- Net income from sales of inventory
- $262,423
- Other revenue
- $262,423
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,000
- Other salaries and wages
- $653,334
- Salaries, compensation and benefits (total)
- $766,081
- Professional fundraising fees
- $0
- Accounting fees
- $17,475
- Occupancy
- $173,365
- Depreciation
- $169,717
- Program services (functional)
- $1,795,568
Balance sheet and other
- Total assets, start of year
- $1,878,882
- Total assets, end of year
- $1,924,115
- Total liabilities, end of year
- $342,630
- Net assets, end of year
- $1,581,485
- Land, buildings and equipment
- $1,373,553
- Net assets with donor restrictions
- $1,581,485
- Gross receipts
- $2,137,562
- Employees
- 68
- Volunteers
- 5
- Year formed
- 1988
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT KOLBE | PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| JUDY KELLEN | VICE PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| ROBERT WILSON | TREASURER Trustee or director, Officer | 1 | $1,200 |
| AL FAGAN | SECRETARY Trustee or director, Officer | 1 | $1,200 |
| PATRICK JENNINGS | VICE PRESIDENT Trustee or director, Officer | 1 | $1,200 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT KOLBE | PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| ROBERT WILSON | TREASURER Trustee or director, Officer | 1 | $1,200 |
| AL FAGAN | SECRETARY Trustee or director, Officer | 1 | $1,200 |
| PATRICK JENNINGS | VICE PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| JUDY KELLEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT KOLBE | PRESIDENT Trustee or director, Officer | 1 | $1,000 |
| RAY SENCENBAUGH | TREASURER Trustee or director, Officer | 1 | $1,000 |
| ROBERT WILSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,000 |
| AL FAGAN | SECRETARY Trustee or director, Officer | 1 | $1,000 |
| PATRICK JENNINGS | DIRECTOR Trustee or director, Officer | 1 | $1,000 |
Address and contacts
- Address (IRS master file)
- 4300 DONNER AVE, SIOUX CITY, IA 51106-9605
- Principal officer (990 for 2025)
- KENT KOLBE, 4300 DONNER AVE, SIOUX CITY, IA 51106
- Signed the 990
- ROBERT WILSON, TREASURER
- Phone
- (712) 252-2025
- Return prepared by
- Nichols Rise & Co LLP
Mission
TO PROVIDE QUALITY, AFFORDABLE GOLF AND RELATED SERVICES TO THE PUBLIC WHILE MAINTAINING A LONG-TERM PARTNERSHIP WITH THE CITY OF SIOUX CITY AND ITS CITIZENS, ALL WHILE IMPROVING QUALITY OF LIFE.
Program accomplishments
- OPERATION OF TWO MUNICIPAL GOLF COURSES ON BEHALF OF THE CITY OF SIOUX CITY IOWA IN ORDER TO KEEP FEES CHARGED TO THE PUBLIC AS LOW AS POSSIBLE.Expenses $1,795,568 · revenue $1,879,136
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1308261
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,924,115
- Income (IRS master file)
- $2,137,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,898,029 | $1,795,568 | $1,924,115 | XML |
| 990 | December 2024 | $1,702,902 | $1,720,702 | $1,878,882 | XML |
| 990 | December 2023 | $1,546,926 | $1,488,590 | $1,763,632 | XML |
| 990 | December 2022 | $1,432,371 | $1,317,625 | $1,791,024 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1308261).
Questions about GREEN VALLEY FLOYD GOLF CORP
- What is the EIN of GREEN VALLEY FLOYD GOLF CORP?
- The employer identification number (EIN) of GREEN VALLEY FLOYD GOLF CORP is 42-1308261.
- Is GREEN VALLEY FLOYD GOLF CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to GREEN VALLEY FLOYD GOLF CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREEN VALLEY FLOYD GOLF CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREEN VALLEY FLOYD GOLF CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREEN VALLEY FLOYD GOLF CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GREEN VALLEY FLOYD GOLF CORP?
- The 990 for the year ended December 31, 2025 names KENT KOLBE.
- Who are the officers and directors of GREEN VALLEY FLOYD GOLF CORP?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $1,200 (KENT KOLBE, PRESIDENT).
- How much revenue does GREEN VALLEY FLOYD GOLF CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,898,029, expenses of $1,795,568 and total assets of $1,924,115 at year end.
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