Salt Creek Club
- Assets
- $4.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 101
- Location
- Hinsdale, IL
- Founding
- 05/1963
- Data as of
- 10/2020
- EIN
- 36-2464655
Organization Overview
Salt Creek Club is located in Hinsdale, IL. The organization was established in 1963. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Salt Creek Club employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Creek 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, Salt Creek Club generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 10/2020. While expenses have increased by 3.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ITS MEMBERS WITH A WELL ROUNDED PROGRAM OF ACTIVITIES PATTERNED FOR FAMILY PARTICIPATION AND PLEASURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENNIS PROGRAM
POOL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Garvin Director Of Racquet Pro | Officer | 40 | $177,665 |
Steve Wolsfeld General Manager | Officer | 40 | $99,500 |
Karen Costanza Director Of Member Services | 40 | $70,780 | |
Al Stradal Maintenance Manager | Officer | 40 | $70,050 |
Marc Veverka Head Racquet Pro | Officer | 40 | $66,359 |
Charles Genoar Swim Program Director | Officer | 40 | $34,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $998,272 |
| Investment income | $1,258 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,613,980 |
| 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. | $882,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $66,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,386 |
| 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 | $8,892 |
| Information technology | $0 |
| 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 | $97,281 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,298 |
| Insurance | $70,881 |
| All other expenses | $0 |
| Total functional expenses | $1,731,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,266 |
| Savings and temporary cash investments | $175,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,031 |
| Prepaid expenses and deferred charges | $8,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,044,639 |
| Accounts payable and accrued expenses | $94,383 |
| 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 | $2,077,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,171,678 |
| 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 | $573,052 |
| Total liabilities and net assets/fund balances | $1,872,961 |
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