LFIN501(c)(7) · MEDIUMNAICS 713910EIN 37-1004903

Lincolnshire Fields Country Club

Champaign, IL · founded 1989
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$3.71M
▲ 15.1% YoY
FY23 Total Expenses
$3.37M
▲ 9.1% YoY
Operating Margin
9.2%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$3.7M
▲ 30.2% / 5y
2.83.23.23.23.7
Expenses
$3.4M
▲ 18.5% / 5y
2.83.03.03.13.4
Total Assets
$6.3M
▲ 7.7% / 5y
5.85.55.55.56.3
Total Liabilities
$2.3M
▼ 7.9% / 5y
2.52.02.01.92.3

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$2.8M$3.2M$3.2M$3.2M$3.7M+30.2%
Expenses$2.8M$3.0M$3.0M$3.1M$3.4M+18.5%
Net surplus$6K$179K$179K$135K$340K+5644.2%
Total assets$5.8M$5.5M$5.5M$5.5M$6.3M+7.7%
Total liabilities$2.5M$2.0M$2.0M$1.9M$2.3M-7.9%
Net assets$3.4M$3.5M$3.5M$3.7M$4.0M+19.2%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 9 unpaid officers/directors as reported (DAVE JONES, JEN MILLER, KEN CAMPBELL, +6 more)

All 9 listed officers reported $0 compensation — volunteer board.

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
Kemper Sports Management Agency
NORTHBROOK, IL
Management services$669,586
Mayfield Construction
CHAMPAIGN, IL
Construction & renovation$364,710
Gordon Food Service Inc
CHAMPAIGN, IL
Food & beverage$220,425
Verde Sports Construction
LANGLEY, WA
Construction & renovation$175,000
Raymond Hearn Golf Course Design Inc
HOLLAND, MI
Course architecture$122,972

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP$1,926,005
CAPITAL IMPROVEMENT DUES$769,880
MEMBER INITIATION DUES$75,037
LATE PAYMENT INCOME$13,368

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.6M
$325K new borrowing
Net land, buildings & equipment
$5.3M
book value, net of depreciation
Facility age
61%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
$0$408K$817K$1.2M$1.6MFY20 · $1.5MFY20FY21 · $1.5MFY21FY22 · $1.3MFY22FY23 · $1.6MFY23

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
Insurance$99,853
Occupancy$150,989
Depreciation & depletion$409,938
Accounting fees$111,285
Other professional fees$1,683,361

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.

LFounded in 1989, Lincolnshire Fields Country Club reported $3.71M of revenue for FY23, at an operating margin of 9.2%. Revenue moved up 15.1% 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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