Green Acres Country Club
- Assets
- $0.0
- Revenue
- -$6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- Data as of
- 02/2019
- EIN
- 36-2009132
Organization Overview
Green Acres Country Club is located in Northbrook, IL. Green Acres Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREEN ACRES COUNTRY CLUB CEASED CONDUCTING OPERATIONS ON 2/28/2017. THE PROPERTY WAS SOLD ON 4/13/2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Gerstein President | OfficerTrustee | 1 | $0 |
Bruce Saltzberg Secretary | OfficerTrustee | 1 | $0 |
Robert Center Treasurer | OfficerTrustee | 1 | $0 |
Bruce Taylor Director | Trustee | 1 | $0 |
Dr Edward Atkins Director | Trustee | 1 | $0 |
David Goldberg Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chicago Real Estate Resources Property Management Services | 2/27/18 | $175,000 |
Adelman & Gettleman Ltd Legal Services | 2/27/18 | $150,369 |
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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,797,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$6,797,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,500 |
| 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. | $10,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,533 |
| Fees for services: Accounting | $16,488 |
| 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 | $4,443 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,030 |
| Total functional expenses | $437,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Green Acres Country Club has awarded $238,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: General Operating Support | $26,500 |
AMERICAN JEWISH COMMITTEE PURPOSE: General Operating Support | $26,500 |
JCC CHICAGO PURPOSE: General Operating Support | $26,500 |
JEWISH UNITED FUND OF METROPOLITAN CHICAGO PURPOSE: General Operating Support | $26,500 |
ILLINOIS HOLOCAUST MUSEUM AND EDUCATION CENTER PURPOSE: General Operating Support | $26,500 |
UNITED STATES HOLOCAUST MEMORIAL MUSEUM PURPOSE: General Operating Support | $26,500 |