Abbott Retirees Club
- Assets
- $41.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 03/2006
- Data as of
- 10/2022
- EIN
- 36-4178410
Organization Overview
Abbott Retirees Club is located in Lake Forest, IL. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbott Retirees Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Abbott Retirees Club generated $36.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $40.5k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. 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 |
|---|---|---|---|
Cynthia Richartz Vice President | 1 | $0 | |
Michael Biarnesen Past-President | 1 | $0 | |
Stephen Fredrick President | 2 | $0 | |
Kathleen Swieton Secretary | 2 | $0 | |
Elizabeth Pierret Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,743 |
| Membership dues | $4,833 |
| Investment income | $357 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,933 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $35,781 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,503 |
| Other expenses | $1,249 |
| Total expenses | $40,533 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,506 |
| Other assets | $0 |
| Total assets | $41,506 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,506 |
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