Salt Creek Club
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 131
- Location
- Hinsdale, IL
- Founding
- 05/1963
- Data as of
- 10/2023
- 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 10/2023, Salt Creek Club employed 131 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 10/2023, Salt Creek Club generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.2m during the year ending 10/2023. While expenses have increased by 6.8% per year over the past 7 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 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 |
|---|---|---|---|
Eva Nigro Membership | Trustee | 2 | $0 |
Molly Haunty Social | Trustee | 2 | $0 |
Margot Barber Aquatics | Trustee | 2 | $0 |
Chris Maduri Racquet Sports | Trustee | 2 | $0 |
Rosemary Clapacs Facilities Grounds | Trustee | 2 | $0 |
Janeen Baird President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,326,830 |
| 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 | $1,326,830 |
| Total Program Service Revenue | $561,775 |
| Investment income | $41,457 |
| 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 | $2,225,804 |
| 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. | $980,584 |
| Compensation of current officers, directors, key employees. | $461,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $73,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,664 |
| 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 | $24,524 |
| 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 | $75,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,072 |
| Insurance | $113,062 |
| All other expenses | $502,892 |
| Total functional expenses | $2,224,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,123,722 |
| Savings and temporary cash investments | $53,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,768 |
| Prepaid expenses and deferred charges | $2,788 |
| Net Land, buildings, and equipment | $2,862,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,125,486 |
| Accounts payable and accrued expenses | $112,024 |
| 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 | $1,737,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,849,129 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $573,052 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,703,305 |
| Total liabilities and net assets/fund balances | $4,125,486 |