BOOB501(c)(7) · MEDIUMNAICS 713910EIN 36-0820190
Bob Olink Golf Club
Highland Park, IL · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.39M
▲ 4.5% YoY
FY23 Total Expenses
$7.47M
▼ 10.8% YoY
Operating Margin
11.0%
revenue minus expenses ÷ revenue
Employees
80
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.4M
▲ 28.5% / 5y
Expenses
$7.5M
▲ 19.8% / 5y
Total Assets
$16.2M
▲ 38.9% / 5y
Total Liabilities
$5.9M
▲ 149.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $6.5M | $7.2M | $7.2M | $8.0M | $8.4M | +28.5% |
| Expenses | $6.2M | $7.1M | $7.1M | $8.4M | $7.5M | +19.8% |
| Net surplus | $298K | $88K | $88K | -$341K | $924K | +210.5% |
| Total assets | $11.7M | $11.5M | $11.5M | $11.8M | $16.2M | +38.9% |
| Total liabilities | $2.4M | $1.8M | $1.8M | $2.4M | $5.9M | +149.5% |
| Net assets | $9.3M | $9.7M | $9.7M | $9.4M | $10.3M | +10.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DANIEL WATTERS Head Golf Professional· 40h/wk | $294,237 | $21,887 |
ELMER EVANGALISTA General Manager· 40h/wk | $232,176 | $22,130 |
+ 11 unpaid officers/directors as reported (ARLINGTON J GUENTHER, DAN VALENTI, DAVID EGAN, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND ASSESSMENTS | $4,220,289 |
| ADMISSION FEES/CAPITAL ASSESSMENT | $1,545,362 |
| GOLF OPERATIONS | $1,252,240 |
| OVERNIGHT ROOMS | $95,025 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.5M
▲ $3.0M new borrowing
Net land, buildings & equipment
$13.9M
book value, net of depreciation
Facility age
30%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $201,200 |
| Occupancy | $345,254 |
| Depreciation & depletion | $568,119 |
| Information technology | $72,909 |
| Office expenses | $15,598 |
| Accounting fees | $25,200 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
BOB O'LINK GOLF CLUB 401(K) PROFIT SHARING PLAN
pension · 74 participants · FY2024
BFounded in 1941, Bob Olink Golf Club reported $8.39M of revenue for FY23, at an operating margin of 11.0%. Revenue moved up 4.5% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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