Oak Park Country Club
- Assets
- $19.3m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 272
- Location
- River Grove, IL
- Founding
- 04/1941
- Data as of
- 03/2023
- EIN
- 36-1569160
Organization Overview
Oak Park Country Club is located in River Grove, IL. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Oak Park Country Club employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Park 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 03/2023, Oak Park Country Club generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $9.5m during the year ending 03/2023. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DINING AND CLUBHOUSE FACILITIES, GOLF, TENNIS AND OTHER SPORTS FACILITIES FOR SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Lynch President | OfficerTrustee | 5 | $0 |
Tom Brooker Vice President | OfficerTrustee | 5 | $0 |
Mike Trucco Secretary | OfficerTrustee | 5 | $0 |
Owen Beacom Treasurer | OfficerTrustee | 5 | $0 |
Daniel Collins Director | Trustee | 5 | $0 |
Kevin Hanley Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trinity H Ltd Construction | 3/30/23 | $1,709,412 |
Straight Forward Advisors It | 3/30/23 | $134,639 |
Gensler Design | 3/30/23 | $149,806 |
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 | $11,054,975 |
| Investment income | $584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,942,699 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,923,305 |
| 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. | $610,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,586,706 |
| Pension plan accruals and contributions | $51,752 |
| Other employee benefits | $478,482 |
| Payroll taxes | $406,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,358 |
| Advertising and promotion | $0 |
| Office expenses | $100,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $932,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,298,679 |
| Insurance | $0 |
| All other expenses | $174,681 |
| Total functional expenses | $9,478,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,746,742 |
| Savings and temporary cash investments | $610,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $191,971 |
| Prepaid expenses and deferred charges | $583,052 |
| Net Land, buildings, and equipment | $12,942,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,284,890 |
| Accounts payable and accrued expenses | $1,479,233 |
| Grants payable | $0 |
| Deferred revenue | $385,187 |
| 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 | $1,943,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,807,480 |
| Net assets without donor restrictions | $15,477,410 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,284,890 |