Odyssey Charities
- Assets
- $10.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 72
- Location
- Oak Brook, IL
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 46-5524395
Organization Overview
Odyssey Charities is located in Oak Brook, IL. The organization was established in 2015. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Odyssey Charities employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odyssey Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Odyssey Charities generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE USE OF CHAMPIONSHIP OF GOLF COURSE TO VETERANS AND SPECIAL NEEDS PERSONS FOR RECREATIONAL AND THERAPEUTIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GOLF COURSE AND RELATED FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aristotle Halikias President | OfficerTrustee | 1 | $0 |
Patricia Halikias Director | OfficerTrustee | 1 | $0 |
Lena Halikias Director | OfficerTrustee | 1 | $0 |
Robert M Charal Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,043 |
| Total Program Service Revenue | $1,102,835 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,516 |
| 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 | $17,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,228,844 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,855 |
| Payroll taxes | $42,056 |
| Fees for services: Management | $59,932 |
| Fees for services: Legal | $26,105 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,125 |
| Office expenses | $11,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $476,136 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,567 |
| All other expenses | $5,427 |
| Total functional expenses | $1,832,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,178 |
| Prepaid expenses and deferred charges | $26,867 |
| Net Land, buildings, and equipment | $9,956,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,295,691 |
| Accounts payable and accrued expenses | $606,936 |
| Grants payable | $0 |
| Deferred revenue | $35,290 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,280,320 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,922,546 |
| Net assets without donor restrictions | $7,373,145 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,295,691 |