Lincolnshire Fields Country Club
- Assets
- $5.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 03/1989
- Data as of
- 10/2022
- EIN
- 37-1004903
Organization Overview
Lincolnshire Fields Country Club is located in Champaign, IL. The organization was established in 1989. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincolnshire 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 10/2022, Lincolnshire Fields Country Club generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.1m during the year ending 10/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RECREATIONAL ACTIVITIES AND ENTERTAINMENT FOR MEMBERS WHO RESIDE PRINCIPALLY IN CHAMPAIGN COUNTY IN EXCHANGE FOR DUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBERSHIP BENEFITS IN EXCHANGE FOR DUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Jones President | OfficerTrustee | 3 | $0 |
Sue Peterson Vice President | OfficerTrustee | 1 | $0 |
Toney Tomaso Treasurer | OfficerTrustee | 1 | $0 |
Laurel Tucker Secretary | OfficerTrustee | 1 | $0 |
Todd Mayfield Director | Trustee | 1 | $0 |
Traci Logue Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Food Service Distributor | 10/30/22 | $170,605 |
Kemper Sports Management Agency Club Management Services | 10/30/22 | $342,489 |
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 | $2,394,009 |
| Investment income | $1,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $818,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,221,080 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,489,235 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,506 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414,400 |
| Insurance | $86,702 |
| All other expenses | $174,898 |
| Total functional expenses | $3,085,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,700 |
| Prepaid expenses and deferred charges | $53,295 |
| Net Land, buildings, and equipment | $4,458,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,547,512 |
| Accounts payable and accrued expenses | $210,995 |
| Grants payable | $0 |
| Deferred revenue | $369,185 |
| 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 | $1,308,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,888,369 |
| Net assets without donor restrictions | $3,659,143 |
| 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 | $5,547,512 |