BNUT501(c)(7) · MEDIUMNAICS 713910EIN 36-2712964

Butler National Golf Club

Oak Brook, IL · founded 1975
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$7.64M
▲ 12.6% YoY
FY23 Total Expenses
$6.74M
▲ 8.4% YoY
Operating Margin
11.7%
revenue minus expenses ÷ revenue
Employees
105
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$7.6M
▲ 31.0% / 5y
5.86.96.96.87.6
Expenses
$6.7M
▲ 25.6% / 5y
5.45.95.96.26.7
Total Assets
$27.1M
▲ 19.0% / 5y
22.825.225.225.327.1
Total Liabilities
$2.7M
▲ 46.6% / 5y
1.82.22.21.82.7

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$5.8M$6.9M$6.9M$6.8M$7.6M+31.0%
Expenses$5.4M$5.9M$5.9M$6.2M$6.7M+25.6%
Net surplus$461K$1.1M$1.1M$561K$894K+93.8%
Total assets$22.8M$25.2M$25.2M$25.3M$27.1M+19.0%
Total liabilities$1.8M$2.2M$2.2M$1.8M$2.7M+46.6%
Net assets$21.0M$23.0M$23.0M$23.5M$24.4M+16.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
MIKE SAULS
Golf Course Superintendent· 40h/wk
$310,228$23,600
Rodney J Wray
Director of Golf· 40h/wk
$294,146$17,310
MICHAEL DASBACH
Controller· 40h/wk
$187,612$17,310
Filiberto Huerta
Executive Chef· 40h/wk
$108,440$26,200

+ 9 unpaid officers/directors as reported (Andrew Vaneekeren, B Holly Grimm, JOHN B GRISSIM, +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 itemAmount
MEMBERSHIP DUES AND ASSESSMENTS$4,307,185
GOLF OPERATIONS$1,025,978
INITIATION & TRANSFER OF MEMBERSHIP INTERESTS$909,367
GOLF CARTS$87,462

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$0
unchanged YoY
Net land, buildings & equipment
$20.6M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$0
end of year
Debt over time
$0$0.25$0.5$0.75$1FY20 · $0FY20FY21 · $0FY21FY22 · $0FY22FY23 · $0FY23

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
Management fees$0
Insurance$222,022
Occupancy$518,223
Depreciation & depletion$828,620
Information technology$0
Advertising & promotion$0
Office expenses$105,497
Legal fees$49,714
Accounting fees$41,841
Other professional fees$0

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
BUTLER NATIONAL G.C. 401(K) PLAN
pension · 25 participants · $4.9M 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.

BFounded in 1975, Butler National Golf Club reported $7.64M of revenue for FY23, at an operating margin of 11.7%. Revenue moved up 12.6% 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
Form 990, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 31 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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