Lagrange Country Club Inc
- Assets
- $25.6m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 230
- Location
- La Grange, IL
- Founding
- 09/1941
- Data as of
- 09/2023
- EIN
- 36-1351340
Organization Overview
Lagrange Country Club Inc is located in La Grange, 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 09/2023, Lagrange Country Club Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Lagrange Country Club Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $6.5m during the year ending 09/2023. While expenses have increased by 0.8% per year over the past 5 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 ORGANIZATION IS A TAX EXEMPT SOCIAL CLUB WHICH DERIVES ITS REVENUES PRIMARILY FROM MEMBERSHIP DUES AND DIRECTLY RELATED ACTIVITIES SUCH AS FOOD, BEVERAGE, GOLF, AND OTHER MEMBERSHIP FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GOLF COURSE, RESTAURANT, SWIMMING POOL, AND TENNIS COURTS FOR RECREATION OF CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Duy General Mgr | 40 | $242,308 | |
Benjamin Robbins Golf Professional | 40 | $200,208 | |
Jeffrey Brinegar Grounds Superintendent | 40 | $197,222 | |
John Comerford Executive Chef | 40 | $126,554 | |
Noe Milan Controller | 40 | $130,625 | |
Jeff Toner President | OfficerTrustee | 3 | $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 | $7,855,921 |
| Investment income | $42,351 |
| 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 | $1,127,026 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,025,298 |
| 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. | $685,282 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,980,335 |
| Pension plan accruals and contributions | $53,787 |
| Other employee benefits | $288,209 |
| Payroll taxes | $287,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,843 |
| Fees for services: Accounting | $19,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $649,770 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,537 |
| Interest | $14,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878,438 |
| Insurance | $203,162 |
| All other expenses | $409,317 |
| Total functional expenses | $6,505,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,034,680 |
| Savings and temporary cash investments | $1,195,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,176,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $394,240 |
| Prepaid expenses and deferred charges | $118,790 |
| Net Land, buildings, and equipment | $18,624,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,648 |
| Total assets | $25,559,263 |
| Accounts payable and accrued expenses | $2,146,988 |
| Grants payable | $0 |
| Deferred revenue | $395,791 |
| 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 | $457,966 |
| Total liabilities | $3,000,745 |
| Net assets without donor restrictions | $22,558,518 |
| 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 | $25,559,263 |