Olympia Fields Country Club
- Assets
- $35.2m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 384
- Location
- Olympia Fields, IL
- Founding
- 08/1941
- Data as of
- 03/2023
- EIN
- 36-1580550
Organization Overview
Olympia Fields Country Club is located in Olympia Fields, IL. The organization was established in 1941. 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 03/2023, Olympia Fields Country Club employed 384 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympia Fields 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, Olympia Fields Country Club generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $14.0m during the year ending 03/2023. While expenses have increased by 0.2% 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
OPERATION OF TWO EIGHTEEN HOLE GOLF COURSES, RESTAURANT AND OTHER RECREATIONAL FACILITIES FOR THE ENJOYMENT AND SOCIAL BENEFIT OF THE CLUB'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND CLUBHOUSE FACILITIES, GOLF PROGRAM AND OTHER RECREATIONAL ACITIVITIES, SUCH AS SWIMMING AND TENNIS, AVAILABLE TO ITS MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Mackenzie Director Of Grounds | 40 | $294,699 | |
Adam Nickerson Club Manager | 40 | $259,980 | |
Josh Miskowiec Membership Dir | 40 | $195,652 | |
Sarah Donovan Controller | 40 | $159,045 | |
Chris Franco Racquet Pro | 40 | $148,456 | |
Doug Farrell Head Golf Profess | 40 | $123,565 |
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 | $1,142,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,142,150 |
| Total Program Service Revenue | $13,818,317 |
| 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 | -$321,033 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,639,752 |
| 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. | $680,544 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,858,203 |
| Pension plan accruals and contributions | $124,971 |
| Other employee benefits | $540,888 |
| Payroll taxes | $644,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,389 |
| Fees for services: Accounting | $13,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,919 |
| Advertising and promotion | $11,973 |
| Office expenses | $98,228 |
| Information technology | $176,113 |
| Royalties | $0 |
| Occupancy | $1,362,737 |
| Travel | $1,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,368 |
| Interest | $2,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,373,681 |
| Insurance | $396,180 |
| All other expenses | $406,879 |
| Total functional expenses | $14,027,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,700,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,234 |
| Prepaid expenses and deferred charges | $670,040 |
| Net Land, buildings, and equipment | $29,891,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,353,716 |
| Total assets | $35,172,750 |
| Accounts payable and accrued expenses | $2,384,899 |
| Grants payable | $0 |
| Deferred revenue | $2,934,571 |
| 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 | $6,689,099 |
| Unsecured mortgages and notes payable | $501,250 |
| Other liabilities | $1,072,054 |
| Total liabilities | $13,581,873 |
| Net assets without donor restrictions | $21,590,877 |
| 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 | $35,172,750 |