ELGI501(c)(7) · MEDIUMNAICS 713910EIN 36-1035610

Elgin Country Club

Elgin, IL · founded 1944
13 filings on recordFY 20122024medium confidence
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FY24 Total Revenue
$6.05M
▲ 14.3% YoY
FY24 Total Expenses
$5.26M
▲ 7.8% YoY
Operating Margin
13.1%
revenue minus expenses ÷ revenue
Employees
154
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$6.0M
▲ 41.0% / 5y
4.34.64.65.36.0
Expenses
$5.3M
▲ 21.3% / 5y
4.34.24.24.95.3
Total Assets
$7.7M
▲ 122.5% / 5y
3.54.24.26.07.7
Total Liabilities
$5.9M
▲ 60.0% / 5y
3.73.63.65.05.9

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$4.3M$4.6M$4.6M$5.3M$6.0M+41.0%
Expenses$4.3M$4.2M$4.2M$4.9M$5.3M+21.3%
Net surplus-$46K$421K$421K$413K$790K-1806.5%
Total assets$3.5M$4.2M$4.2M$6.0M$7.7M+122.5%
Total liabilities$3.7M$3.6M$3.6M$5.0M$5.9M+60.0%
Net assets-$226K$601K$601K$1.0M$1.8M-899.1%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther
DOUGLAS G STEWART
GENERAL MANAGER/COO· 40h/wk
$204,742$11,221
PHILLIP ZEINERT
GROUNDS SUPERINTENDENT/MGR· 40h/wk
$173,264$12,609
JONATHAN EDWIN DUPPLER
Head Golf Professional· 40h/wk
$122,395$3,070

+ 10 unpaid officers/directors as reported (DONYA TURASKY, JACK CHILDERS, JAMES WOODS, +7 more)

Top contractors

FY24 · vendors paid $100k+ as reported
VendorServicePaid
Online Information Management
CRYSTAL LAKE, IL
Professional services$133,659

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$1,800,222
CAPITAL ASSESSMENT REVENUE$647,181
DEPARTMENTAL SERVICES$547,132
OPERATIONAL ASSESSMENT$381,964
GREENS FEES$337,580

Balance sheet & capital

FY24 · IRS Form 990, Part X
Mortgages & notes payable
$3.5M
$940K new borrowing
Net land, buildings & equipment
$5.2M
book value, net of depreciation
Facility age
72%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$883K$1.8M$2.6M$3.5MFY21 · $2.2MFY21FY22 · $2.2MFY22FY23 · $2.6MFY23FY24 · $3.5MFY24

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY24 · Form 990, Part IX
Insurance$296,648
Depreciation & depletion$429,492
Office expenses$6,409
Accounting fees$23,890

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors
ELGIN COUNTRY CLUB 401(K) RETIREMENT PLAN
pension · 34 participants · $2.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

EFounded in 1944, Elgin Country Club reported $6.05M of revenue for FY24, at an operating margin of 13.1%. Revenue moved up 14.3% 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
Form 990, FY2024 · period ending Sun Mar 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Fri Mar 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Thu Mar 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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