Park Ridge Country Club
- Assets
- $16.7m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 293
- Location
- Park Ridge, IL
- Founding
- 03/1942
- Data as of
- 10/2023
- EIN
- 36-1599820
Organization Overview
Park Ridge Country Club is located in Park Ridge, IL. The organization was established in 1942. 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 10/2023, Park Ridge Country Club employed 293 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Ridge 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 10/2023, Park Ridge Country Club generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.7m during the year ending 10/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A GOLF PROGRAM, OTHER SPORTS AND RECREATIONAL ACTIVITIES, AS WELL AS CLUBHOUSE AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Purpur Grounds Superintendt | 40 | $251,324 | |
Derek Sidley General Manger | 40 | $239,320 | |
J Leinen Executive Chef | 40 | $151,164 | |
Anthony Riley Controller | 40 | $152,014 | |
Matthew Davis Tennis Pro | 40 | $150,462 | |
Paul Diaz Dining Manager | 40 | $117,274 |
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 | $8,451,918 |
| Investment income | $22,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$312,095 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,163,875 |
| 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. | $1,087,227 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,315,403 |
| Pension plan accruals and contributions | $13,958 |
| Other employee benefits | $309,325 |
| Payroll taxes | $279,884 |
| Fees for services: Management | $69,929 |
| Fees for services: Legal | $31,415 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,147 |
| Advertising and promotion | $11,678 |
| Office expenses | $43,768 |
| Information technology | $120,966 |
| Royalties | $0 |
| Occupancy | $664,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,733 |
| Insurance | $127,410 |
| All other expenses | $252,984 |
| Total functional expenses | $7,731,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,810 |
| Savings and temporary cash investments | $1,650,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,034,560 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $190,037 |
| Prepaid expenses and deferred charges | $226,989 |
| Net Land, buildings, and equipment | $12,078,307 |
| Investments—publicly traded securities | $79,260 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,771 |
| Total assets | $16,723,147 |
| Accounts payable and accrued expenses | $1,370,169 |
| Grants payable | $0 |
| Deferred revenue | $1,084,343 |
| 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 | $143,588 |
| Total liabilities | $2,598,100 |
| Net assets without donor restrictions | $14,125,047 |
| 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 | $16,723,147 |