CHIC501(c)(7) · MEDIUMNAICS 713910EIN 36-0900320
Chicago Golf Club
Wheaton, IL · founded 1945
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.41M
▲ 4.6% YoY
FY23 Total Expenses
$4.45M
▲ 6.4% YoY
Operating Margin
-1.0%
revenue minus expenses ÷ revenue
Employees
82
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.4M
▲ 12.6% / 5y
Expenses
$4.5M
▲ 54.7% / 5y
Total Assets
$17.5M
▲ 157.0% / 5y
Total Liabilities
$7.0M
▲ 877.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.9M | $5.4M | $4.2M | $4.2M | $4.4M | +12.6% |
| Expenses | $2.9M | $2.8M | $3.5M | $4.2M | $4.5M | +54.7% |
| Net surplus | $1.0M | $2.6M | $781K | $32K | -$43K | -104.1% |
| Total assets | $6.8M | $9.7M | $17.3M | $17.9M | $17.5M | +157.0% |
| Total liabilities | $720K | $915K | $7.8M | $7.4M | $7.0M | +877.2% |
| Net assets | $6.1M | $8.7M | $9.5M | $10.5M | $10.4M | +71.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JOHN GUYTON DIRECTOR OPERATION· 40h/wk | $145,864 | $21,629 |
Craig Smith GROUNDS SUPER· 40h/wk | $140,952 | $24,036 |
Jeff Grafer Executive Chef· 40h/wk | $130,109 | $16,000 |
+ 9 unpaid officers/directors as reported (Daniel Kinsey, Herbert Getz, John Yavari, +6 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 & ASSESSM | $3,200,780 |
| GOLF RELATED FEES | $1,240,650 |
| OTHER | $60,665 |
| LOCKERS | $57,700 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.3M
▼ $295K paid down
Net land, buildings & equipment
$12.9M
book value, net of depreciation
Facility age
41%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $96,000 |
| Occupancy | $161,061 |
| Depreciation & depletion | $962,143 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $40,148 |
| Legal fees | $0 |
| Accounting fees | $17,596 |
| Other professional fees | $16,543 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CHICAGO GOLF CLUB 401(K) PLAN
pension · 36 participants · $1.7M assets · FY2024
CFounded in 1945, Chicago Golf Club reported $4.41M of revenue for FY23, at an operating margin of -1.0%. Revenue moved up 4.6% 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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