Civic Intelligence

Elgin Riverside Club

EIN 36-1036055 • 501(c)7 • Elgin, IL

Profile

Social fraternal organization

21 Lincoln AveElgin, IL 60120

elginriversideclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.11x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.3%

Higher net margin than 56% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$6,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

1.6%

Faster asset growth than 53% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$228,304

Up $3,502 (+1.6%) from 2023

Liabilities

Up

$24,043

Up $889 (+3.8%) from 2023

Net Assets

Up

$204,261

Up $2,613 (+1.3%) from 2023

Revenue

Up

$211,731

Up $32,666 (+18%) from 2023

Expenses

Up

$202,713

Up $2,038 (+1.0%) from 2023

Net Income

Up

$9,018

Up $30,628 (+142%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2020: $218,983Liabilities 2020: $0Net Assets 2020: $218,9832020Assets 2021: $232,868Liabilities 2021: $2,850Net Assets 2021: $230,0182021Assets 2022: $208,821Liabilities 2022: $300Net Assets 2022: $208,5212022Assets 2023: $224,802Liabilities 2023: $23,154Net Assets 2023: $201,6482023Assets 2024: $228,304Liabilities 2024: $24,043Net Assets 2024: $204,2612024

Highlighted filing

2024

Assets$228,304
Liabilities$24,043
Net Assets$204,261

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2020: $41,083Expenses 2020: $71,345Net Income 2020: -$30,2622020Revenue 2021: $94,934Expenses 2021: $78,575Net Income 2021: $16,3592021Revenue 2022: $158,669Expenses 2022: $180,166Net Income 2022: -$21,4972022Revenue 2023: $179,065Expenses 2023: $200,675Net Income 2023: -$21,6102023Revenue 2024: $211,731Expenses 2024: $202,713Net Income 2024: $9,0182024

Highlighted filing

2024

Revenue$211,731
Expenses$202,713
Net Income$9,018

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 27, 2025
Return Version
2024v5.2
Gross Receipts
$404,776
Mission and Program Overview

Mission

Social fraternal organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$152,837$95,720▼ $57,117
Savings and Temporary Cash Investments$3,921$64,785▲ $60,864
Inventories for Sale or Use$45,367$46,478▲ $1,111
Land, Buildings, and Equipment, Net$22,329$20,513▼ $1,816
Accounts Receivable$348$808▲ $460
Total Assets$224,802$228,304▲ $3,502
Liabilities
Deferred Revenue-$14,495-
Accounts Payable and Accrued Expenses$23,154$9,548▼ $13,606
Total Liabilities$23,154$24,043▲ $889
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$201,648$204,261▲ $2,613
Total Net Assets Fund Balance$201,648$204,261▲ $2,613
Total Liabilities and Net Assets / Fund Balance$224,802$228,304▲ $3,502

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,513$132,968$146,481
Buildings$0$76,497$76,497
Equipment$0$40,772$40,772
Land$7,000-$7,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David SchultzTreasurerPT$6,000$6,000

Board Members and Trustees

NameTitle
Mike CookPresident
John SchroederVice President
Adam LindstenTrustee
Greg ShannonTrustee
Jason SmithTrustee
Douglas HortonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$23,945
Program Service Revenue
$0
Investment Income
$1,586
Other Revenue
$186,200
All Other Contributions
$4,995
Change in Net Assets
$9,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,860
Salaries, Compensation, and Employee Benefits$74,844
Grants and Similar Amounts Paid$2,009
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,983$0$0$62,983
Occupancy$33,996$11,136$0$45,132
Office Expenses$10,463$3,212$0$13,675
All Other Expenses$10,796$0$0$10,796
Other Expenses$7,903$764$0$8,667
Insurance$7,624$0$0$7,624
Current Officers, Directors, Trustees, and Key Employees$6,000$0$0$6,000
Payroll Taxes$5,861$0$0$5,861
Grants to Domestic Orgs$2,009--$2,009
Depreciation Depletion$0$1,816$0$1,816
Total Functional Expenses$185,785$16,928$0$202,713
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$112,328
Fundraising Gross Income$55,587
Gaming Direct Expenses$51,133
Fundraising Direct Expenses$20,984
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffles & Events$47,096$47,096$3,971$43,125
Split the Pot$8,491$8,491-$8,491
Total Events$55,587$55,587$20,984$34,603
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Elgin Riverside Club
EIN
36-1036055
Phone
8477410387
Address
21 LINCOLN AVE, ELGIN, IL 60120

Signing Officer

Name
David T Schultz
Title
Treasurer
Phone
8477410387
Signed
2025-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David T Schultz
Formed
1886
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
45

Preparer

Firm
Fox Valley Office and Tax Services
Address
1070 LARKIN AVENUE LOWER UNIT, ELGIN, IL 60123
Preparer
Mark Barckley
Phone
8476970440
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Return is reviewed by the treasurer with the preparer. A copy of the return is available for all of the members.

Pt VI, Line 15A

Approval by the officers & members

Pt VI, Line 15B

Approval by the officers & members

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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034603
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt013185
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt013185
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03971
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03971
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt043348
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt043348
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt051133
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt057478
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt054850
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt0112328
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt061195
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt07785
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt07785
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0DAVID SCHULTZ
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt021 LINCOLN AVE
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0ELGIN
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0IL
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd060120
IRS990ScheduleG/StatesWhereGamingConductedCd0IL
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS REVIEWED BY THE TREASURER WITH THE PREPARER. A COPY OF THE RETURN IS AVAILABLE FOR ALL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROVAL BY THE OFFICERS & MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APPROVAL BY THE OFFICERS & MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0224802
IRS990/TotalAssetsEOYAmt0228304
IRS990/TotalAssetsGrp/BOYAmt0224802
IRS990/TotalAssetsGrp/EOYAmt0228304
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023945
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016928
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185785
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202713
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023154
IRS990/TotalLiabilitiesEOYAmt024043
IRS990/TotalLiabilitiesGrp/BOYAmt023154
IRS990/TotalLiabilitiesGrp/EOYAmt024043
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0201648
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0204261
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt06000
IRS990/TotalRevenueGrp/ExclusionAmt034603
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0153183
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0211731
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0224802
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0228304
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021 LINCOLN AVE
IRS990/USAddress/CityNm0ELGIN
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060120
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0elginriversideclub.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID T SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08477410387
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELGIN RIVERSIDE CLUB
ReturnHeader/Filer/BusinessNameControlTxt0ELGI
ReturnHeader/Filer/EIN0361036055
ReturnHeader/Filer/PhoneNum08477410387
ReturnHeader/Filer/USAddress/AddressLine1Txt021 LINCOLN AVE
ReturnHeader/Filer/USAddress/CityNm0ELGIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060120
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true

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