Chicago Golf Club
- Assets
- $17.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 82
- Location
- Wheaton, IL
- Founding
- 08/1945
- Data as of
- 10/2023
- EIN
- 36-0900320
Organization Overview
Chicago Golf Club is located in Wheaton, IL. The organization was established in 1945. 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 10/2023, Chicago Golf Club employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Chicago Golf Club generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.5m during the year ending 10/2023. While expenses have increased by 4.4% 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
THE CLUB WAS ORGANIZED PRIMARILY FOR ITS MEMBERS TO ENJOY THE PLEASURE OF PLAYING THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, RESTAURANT, CLUBHOUSE AND OTHER MINOR SPORTS WHICH SERVE ALL RESIDENT AND DISTINGUISHED MEMBERS AND PROVIDE FOR THE SOCIAL AND RECREATIONAL BENEFITS OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Guyton Director Operation | 40 | $145,864 | |
Craig Smith Grounds Super | 40 | $140,952 | |
Jeff Grafer Chef | 40 | $130,109 | |
Todd Simpson Secretary | OfficerTrustee | 2 | $0 |
John Yavari Director | Trustee | 2 | $0 |
Daniel Kinsey Treasurer | OfficerTrustee | 2 | $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 | $4,559,795 |
| Investment income | $66,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$215,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,411,068 |
| 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 | $1,604,492 |
| Pension plan accruals and contributions | $54,612 |
| Other employee benefits | $202,238 |
| Payroll taxes | $190,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,543 |
| Advertising and promotion | $0 |
| Office expenses | $40,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,269 |
| Interest | $176,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $962,143 |
| Insurance | $96,000 |
| All other expenses | $50,938 |
| Total functional expenses | $4,453,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,622 |
| Savings and temporary cash investments | $1,392,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,004 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,378 |
| Prepaid expenses and deferred charges | $74,289 |
| Net Land, buildings, and equipment | $12,915,900 |
| Investments—publicly traded securities | $835,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,181,662 |
| Total assets | $17,461,191 |
| Accounts payable and accrued expenses | $217,576 |
| Grants payable | $0 |
| Deferred revenue | $230,150 |
| 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 | $6,261,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $324,372 |
| Total liabilities | $7,033,550 |
| Net assets without donor restrictions | $10,427,641 |
| 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 | $17,461,191 |