Ruth Lake Country Club
- Assets
- $19.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 244
- Location
- Hinsdale, IL
- Founding
- 07/1941
- Data as of
- 10/2020
- EIN
- 36-1716480
Organization Overview
Ruth Lake Country Club is located in Hinsdale, 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 10/2020, Ruth Lake Country Club employed 244 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth Lake 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 10/2020, Ruth Lake Country Club generated $9.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $7.1m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE MEMBERSHIP EXCELLENT SERVICES PROVIDED BY AN OUTSTANDING STAFF IN A QUALITY CLUBHOUSE, EXCELLENT MAINTAINED GOLF COURSE, TENNIS, AND SWIMMING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE CLUB PROVIDING GOLF, SWIMMING, TENNIS, AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
A PRIVATE CLUB PROVIDING GOLF, SWIMMING, TENNIS, AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin S Kennebeck General Manager | Officer | 50 | $282,025 |
Daniel Marco Grounds Superintendent | 60 | $248,858 | |
Mark Labiak Golf Pro | 60 | $121,333 | |
Patrick Baudhuin Controller | Officer | 50 | $105,536 |
Brian Page Tennis Pro | 60 | $105,368 | |
Jeffery Thompson Bartender | 50 | $103,305 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $30,089 |
| 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 | $1,408,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,987,537 |
| Statement of Expenses | |
|---|---|
| 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. | $440,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,880,015 |
| Pension plan accruals and contributions | $32,693 |
| Other employee benefits | $334,828 |
| Payroll taxes | $373,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,924 |
| 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 | $27,184 |
| Information technology | $49,338 |
| Royalties | $0 |
| Occupancy | $330,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,220,670 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,082,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,914,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $990,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,501 |
| Prepaid expenses and deferred charges | $98,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $848,924 |
| Total assets | $19,926,808 |
| Accounts payable and accrued expenses | $1,105,012 |
| Grants payable | $0 |
| Deferred revenue | $332,674 |
| 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 | $848,924 |
| Total liabilities | $2,286,610 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $17,640,198 |
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|---|---|---|
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Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |