River Forest Country Club
- Assets
- $21.8m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 190
- Location
- Elmhurst, IL
- Founding
- 11/1999
- Data as of
- 09/2023
- EIN
- 36-1689955
Organization Overview
River Forest Country Club is located in Elmhurst, IL. The organization was established in 1999. 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 09/2023, River Forest Country Club employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Forest 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 09/2023, River Forest Country Club generated $9.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. While expenses have increased by 6.0% 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
A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS EXCLUSIVELY OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE SOCIAL CLUB PROVIDING GOLF, POOL, TENNIS, AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMEBRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hiser President | OfficerTrustee | 5 | $0 |
James Mcnamara End 1122 President | OfficerTrustee | 5 | $0 |
Roy Gallagher Vice President | OfficerTrustee | 5 | $0 |
Pat O'malley Tresurer | OfficerTrustee | 5 | $0 |
Geoffrey Gran Secretary | OfficerTrustee | 5 | $0 |
Dave Carlquist End 1122 Director | Trustee | 5 | $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 | $7,262,912 |
| Investment income | $27,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,781,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,022,179 |
| 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. | $422,909 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,588,606 |
| Pension plan accruals and contributions | $33,475 |
| Other employee benefits | $391,384 |
| Payroll taxes | $460,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,583 |
| Fees for services: Accounting | $32,047 |
| 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 | $40,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $502,073 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,026 |
| Interest | $339,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,060,909 |
| Insurance | $0 |
| All other expenses | $149,844 |
| Total functional expenses | $8,277,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,580,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $673,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $197,383 |
| Prepaid expenses and deferred charges | $60,962 |
| Net Land, buildings, and equipment | $18,282,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,140 |
| Total assets | $21,803,991 |
| Accounts payable and accrued expenses | $1,013,147 |
| Grants payable | $0 |
| Deferred revenue | $47,392 |
| 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 | $7,015,426 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $256,050 |
| Total liabilities | $8,332,015 |
| Net assets without donor restrictions | $13,471,976 |
| 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 | $21,803,991 |