Chicago Golf Club
- Assets
- $9.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 83
- Location
- Wheaton, IL
- Founding
- 08/1945
- Data as of
- 10/2020
- EIN
- 36-0900320
Organization Overview
Chicago Golf Club is located in Wheaton, IL. The organization was established in 1945. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Chicago Golf Club employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Chicago Golf Club generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.8m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB WAS ORGANIZAED PRIMARILY FOR ITS MEMBERS TO ENJOY THE PLEASURE OF PLAYING THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, RESTAURANT, CLUBHOUSE AND OTHER MINOR SPORTS WHICH SERVE ALL RESIDENT AND DISTINGUISHED MEMBERS AND PROVIDE FOR THE SOCIAL AND RECREATIONAL BENEFITS OF MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Bordner Grounds Super | 40 | $214,593 | |
John Guyton Director Operation | 40 | $138,383 | |
James Werly President | OfficerTrustee | 2 | $0 |
Keith Martino Treasurer | OfficerTrustee | 2 | $0 |
Dan Blouin Secretary | OfficerTrustee | 2 | $0 |
Herbert Getz Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,400 |
| Investment income | $68,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$176,604 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,396,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,136,811 |
| Pension plan accruals and contributions | $33,737 |
| Other employee benefits | $156,007 |
| Payroll taxes | $135,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,860 |
| Advertising and promotion | $0 |
| Office expenses | $34,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,035 |
| Insurance | $68,484 |
| All other expenses | $0 |
| Total functional expenses | $2,751,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,392,997 |
| Savings and temporary cash investments | $145,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,514 |
| Prepaid expenses and deferred charges | $54,814 |
| Investments—publicly traded securities | $2,237,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,103 |
| Total assets | $9,650,065 |
| Accounts payable and accrued expenses | $375,461 |
| Grants payable | $0 |
| Deferred revenue | $254,850 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $284,683 |
| Total liabilities | $914,994 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,735,071 |
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