Lincolnshire Country Club
- Assets
- $1.0m
- Revenue
- $883.7k
- Investments
- $0.0
- Employees
- 63
- Location
- Crete, IL
- Founding
- 03/2007
- Data as of
- 01/2019
- EIN
- 36-1391020
Organization Overview
Lincolnshire Country Club is located in Crete, IL. The organization was established in 2007. 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 01/2019, Lincolnshire Country Club employed 63 individuals. Lincolnshire Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 01/2019, Lincolnshire Country Club generated $883.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $958.4k during the year ending 01/2019. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE GOLF COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE GOLF COUNTRY CLUB FUNDED BY MEMEBER DUES AND ASSESSMENTS
PRIVATE GOLF COUNTRY CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Williams President | OfficerTrustee | 5 | $0 |
Richard Schultz Secretary/tr | OfficerTrustee | 5 | $0 |
George Stafford Vice Preside | OfficerTrustee | 10 | $0 |
Jim Nichols Director | Trustee | 5 | $0 |
Walter Grady Vice Preside | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $961,518 |
| Investment income | $318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$85,243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $883,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $252 |
| Payroll taxes | $33,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $10,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,929 |
| Advertising and promotion | $1,421 |
| Office expenses | $4,385 |
| Information technology | $7,334 |
| Royalties | $0 |
| Occupancy | $1,611 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,203 |
| Insurance | $54,603 |
| All other expenses | $692 |
| Total functional expenses | $958,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,272 |
| Prepaid expenses and deferred charges | $1,294 |
| Net Land, buildings, and equipment | $828,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,213 |
| Other assets | $0 |
| Total assets | $1,017,464 |
| Accounts payable and accrued expenses | $75,924 |
| Grants payable | $0 |
| Deferred revenue | $140,879 |
| 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 | $308,099 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,000 |
| Total liabilities | $550,902 |
| Unrestricted restricted net Assets | $466,562 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $466,562 |