Crystal Lake Country Club
- Assets
- $7.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 175
- Location
- Crystal Lake, IL
- Founding
- 09/1947
- Data as of
- 12/2023
- EIN
- 36-2052014
Organization Overview
Crystal Lake Country Club is located in Crystal Lake, IL. The organization was established in 1947. 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 12/2023, Crystal Lake Country Club employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crystal 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 12/2023, Crystal Lake Country Club generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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
TO PROVIDE GOLF, DINING AND OTHER SOCIAL AND RECREATIONAL OPPORTUNITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND CLUBHOUSE FACILITIES, GOLF PROGRAM, SWIMMING AND OTHER SPORTS PROGRAMS FOR THE SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Vanacker Groundskeeper | 40 | $171,395 | |
Mike Nedeau General Manager | 40 | $144,282 | |
Ryan Keortgen Food & Bev. Mgr | 40 | $116,236 | |
Eric Feldbusch Chef | 40 | $105,681 | |
Marc Mohr Secretary/treas | OfficerTrustee | 2 | $0 |
Sid Suwanski 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 | $4,017,227 |
| Investment income | $24,395 |
| 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 | $188,220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,229,842 |
| 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. | $181,671 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,173 |
| Payroll taxes | $141,065 |
| Fees for services: Management | $143,783 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,645 |
| Advertising and promotion | $0 |
| Office expenses | $45,337 |
| Information technology | $2,525 |
| Royalties | $0 |
| Occupancy | $277,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,028 |
| Interest | $86,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,253 |
| Insurance | $122,552 |
| All other expenses | $87,438 |
| Total functional expenses | $3,953,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155,075 |
| Savings and temporary cash investments | $423,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,289 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,214 |
| Prepaid expenses and deferred charges | $134,633 |
| Net Land, buildings, and equipment | $5,274,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,319 |
| Total assets | $7,564,151 |
| Accounts payable and accrued expenses | $469,332 |
| Grants payable | $0 |
| Deferred revenue | $3,548,490 |
| 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 | $2,707,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,534 |
| Total liabilities | $6,844,927 |
| Net assets without donor restrictions | $703,953 |
| Net assets with donor restrictions | $15,271 |
| 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 | $7,564,151 |