Shoreacres
- Assets
- $16.4m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 115
- Location
- Lake Bluff, IL
- Founding
- 06/1939
- Data as of
- 10/2023
- EIN
- 36-1771080
Organization Overview
Shoreacres is located in Lake Bluff, IL. The organization was established in 1939. 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, Shoreacres employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shoreacres 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, Shoreacres generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $5.9m during the year ending 10/2023. While expenses have increased by 2.1% 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
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
A PRIVATE CLUB PROVIDING GOLF, OTHER SPORTS, RECREATION AND DINING FACILITIES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Carroll Golf Professional | 40 | $276,614 | |
Michael Drury Clubhouse Manager | 40 | $196,354 | |
Peter Mcdonald Golf Prof | 0 | $236,284 | |
Arron Mccurdy Grounds Superintendent | 40 | $185,655 | |
Cynthia Graf Controller | 40 | $141,583 | |
Josuelt Rodriquez Executive Chef | 40 | $142,586 |
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 | $8,148,790 |
| Investment income | $4,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$26,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,135,988 |
| 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. | $945,586 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,618 |
| Pension plan accruals and contributions | $157,675 |
| Other employee benefits | $308,829 |
| Payroll taxes | $202,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,186 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,810 |
| Advertising and promotion | $0 |
| Office expenses | $33,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,376 |
| Interest | $109,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $939,310 |
| Insurance | $135,617 |
| All other expenses | $213,405 |
| Total functional expenses | $5,936,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,771,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,560,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $613,096 |
| Prepaid expenses and deferred charges | $238,716 |
| Net Land, buildings, and equipment | $11,995,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,242 |
| Total assets | $16,397,537 |
| Accounts payable and accrued expenses | $628,132 |
| Grants payable | $0 |
| Deferred revenue | $1,065,019 |
| 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 | $2,385,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $594,062 |
| Total liabilities | $4,672,213 |
| Net assets without donor restrictions | $11,725,324 |
| 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 | $16,397,537 |