Friars Cove Lodge Inc
- Assets
- $445.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Addison, IL
- Founding
- 01/1970
- Data as of
- 12/2021
- EIN
- 36-2661098
Organization Overview
Friars Cove Lodge Inc is located in Addison, IL. The organization was established in 1970. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friars Cove Lodge Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Friars Cove Lodge Inc generated $133.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $109.3k during the year ending 12/2021. While expenses have increased by 6.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Bednar Board Member | 2 | $0 | |
David Calabrese Secretary | 2 | $0 | |
Louis Colella President | 2 | $0 | |
Douglas Proske Treasurer | 2 | $0 | |
Mark Calabrese Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $60,924 |
| Membership dues | $72,050 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,974 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,305 |
| Professional fees and other payments to independent contractors | $26,850 |
| Occupancy, rent, utilities, and maintenance | $36,036 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,070 |
| Total expenses | $109,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,688 |
| Other assets | $0 |
| Total assets | $445,714 |
| Total liabilities | $324 |
| Net assets or fund balances | $445,390 |