KANK501(c)(7) · MEDIUMNAICS 713910EIN 36-1304015

Kankakee Country Club

Kankakee, IL · founded 1934
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$2.75M
▼ 15.3% YoY
FY23 Total Expenses
$3.05M
▲ 10.4% YoY
Operating Margin
-10.9%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$2.7M
▲ 28.5% / 5y
2.12.52.53.22.7
Expenses
$3.0M
▲ 40.5% / 5y
2.22.42.42.83.0
Total Assets
$3.1M
▲ 17.6% / 5y
2.73.13.13.23.1
Total Liabilities
$667K
▲ 45.5% / 5y
458798798397667

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$2.1M$2.5M$2.5M$3.2M$2.7M+28.5%
Expenses$2.2M$2.4M$2.4M$2.8M$3.0M+40.5%
Net surplus-$31K$115K$115K$480K-$301K+870.8%
Total assets$2.7M$3.1M$3.1M$3.2M$3.1M+17.6%
Total liabilities$458K$798K$798K$397K$667K+45.5%
Net assets$2.2M$2.3M$2.3M$2.8M$2.5M+11.9%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 10 unpaid officers/directors as reported (MR BRETT REUM, MR BRIAN HIATT, MR GEORGE RYAN JR, +7 more)

All 10 listed officers reported $0 compensation — volunteer board.

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERS' DUES$1,351,967
CAPITAL IMPROVEMENT ASSESSMEN$159,368
CART FEES$131,058
GREEN FEES$81,307
MEMBERSHIP FEES$26,000

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$1.8M
book value, net of depreciation
Facility age
81%
accumulated depreciation ÷ cost — higher = older plant

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

FY23 · Form 990, Part IX
Occupancy$216,102
Depreciation & depletion$190,777
Accounting fees$39,982

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.

KFounded in 1934, Kankakee Country Club reported $2.75M of revenue for FY23, at an operating margin of -10.9%. Revenue moved down 15.3% 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, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 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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