Shoreacres
- Assets
- $12.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 71
- Location
- Lake Bluff, IL
- Founding
- 06/1939
- Data as of
- 10/2020
- EIN
- 36-1771080
Organization Overview
Shoreacres is located in Lake Bluff, IL. The organization was established in 1939. 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 10/2020, Shoreacres employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shoreacres 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, Shoreacres generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $4.7m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN EIGHTEEN HOLE GOLF COURSE, 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
A PRIVATE CLUB PROVIDING GOLF, OTHER SPORTS, RECREATION AND DINING FACILITIES TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mcdonald Golf Professional | 40 | $251,857 | |
Michael Drury Clubhouse Manager | 40 | $173,309 | |
Mark Pettyjohn Chef | 40 | $139,987 | |
Cynthia Graf Controller | 40 | $117,847 | |
Brian Chasensky Superintendent | 40 | $100,987 | |
John R Keller President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,919 |
| Investment income | $0 |
| 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 | -$165,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,273,601 |
| Statement of Expenses | |
|---|---|
| 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. | $513,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,238,720 |
| Pension plan accruals and contributions | $118,228 |
| Other employee benefits | $244,833 |
| Payroll taxes | $141,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,144 |
| Fees for services: Accounting | $15,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,847 |
| Advertising and promotion | $0 |
| Office expenses | $53,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,945 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $959,086 |
| Insurance | $133,453 |
| All other expenses | $0 |
| Total functional expenses | $4,724,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,078,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,137,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $255,200 |
| Prepaid expenses and deferred charges | $245,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,108,416 |
| Accounts payable and accrued expenses | $648,172 |
| Grants payable | $0 |
| Deferred revenue | $862,898 |
| 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 | $36,456 |
| Total liabilities | $1,547,526 |
| 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 | $10,560,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |