Riverside Golf Club
- Assets
- $11.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 212
- Location
- North Riverside, IL
- Founding
- 06/1941
- Data as of
- 03/2023
- EIN
- 36-1690350
Organization Overview
Riverside Golf Club is located in North Riverside, 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 03/2023, Riverside Golf Club employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside 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 03/2023, Riverside Golf Club generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.3m during the year ending 03/2023. 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
OPERATION OF AN EIGHTEEN HOLE GOLF COURSE, RESTAURANT AND OTHER RECREATIONAL FACILITIES FOR THE ENJOYMENT AND SOCIAL BENEFIT OF THE CLUB'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE SERVICES, CLUBHOUSE FACILITIES, GOLF PROGRAMS AND OTHER RECREATIONAL ACTIVITIES SUCH AS SWIMMING AVAILABLE TO ITS MEMBERSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Kuhl Grounds Super | 50 | $138,935 | |
Karl Bollnow Golf Professional | 40 | $146,766 | |
Thomas Mchugh General Manager | 40 | $125,400 | |
Robert Kmetz Controller | 40 | $109,147 | |
Joe Johnson Director | Trustee | 2 | $0 |
Joe Madden Director | Trustee | 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 | $5,895,409 |
| Investment income | $11,476 |
| 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 | $96,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,031,719 |
| 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 | $1,644,170 |
| Pension plan accruals and contributions | $4,569 |
| Other employee benefits | $78,326 |
| Payroll taxes | $158,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,841 |
| Fees for services: Accounting | $10,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,016 |
| Advertising and promotion | $2,166 |
| Office expenses | $100,519 |
| Information technology | $65,768 |
| Royalties | $0 |
| Occupancy | $494,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,549 |
| Interest | $10,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $715,659 |
| Insurance | $120,551 |
| All other expenses | $173,712 |
| Total functional expenses | $4,345,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,039,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $235,447 |
| Prepaid expenses and deferred charges | $263,897 |
| Net Land, buildings, and equipment | $9,852,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $11,732,769 |
| Accounts payable and accrued expenses | $2,398,126 |
| Grants payable | $0 |
| Deferred revenue | $708,989 |
| 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 | $421,085 |
| Total liabilities | $3,528,200 |
| Net assets without donor restrictions | $8,204,569 |
| 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 | $11,732,769 |