Civic Intelligence

Old Willow Club

990 • Fiscal year 2015 • EIN 36-2430411

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 20, 2016

PO Box 102Winnetka, IL 60093

(847) 729-8010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.47x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Net Margin

53rd percentile

4.1%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$2,662,947

No earlier filing loaded for comparison.

Net Assets

$1,410,044

No earlier filing loaded for comparison.

Liabilities

$1,252,903

No earlier filing loaded for comparison.

Revenue

$558,065

No earlier filing loaded for comparison.

Expenses

$535,050

No earlier filing loaded for comparison.

Net Income

$23,015

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $2,662,947Liabilities 2015: $1,252,903Net Assets 2015: $1,410,0442015Assets 2016: $2,826,949Liabilities 2016: $1,382,948Net Assets 2016: $1,444,0012016Assets 2017: $2,709,703Liabilities 2017: $1,391,547Net Assets 2017: $1,318,1562017Assets 2018: $2,560,284Liabilities 2018: $1,305,307Net Assets 2018: $1,254,9772018Assets 2019: $2,444,670Liabilities 2019: $1,255,945Net Assets 2019: $1,188,7252019Assets 2020: $2,304,148Liabilities 2020: $1,203,349Net Assets 2020: $1,100,7992020Assets 2021: $2,117,983Liabilities 2021: $1,209,948Net Assets 2021: $908,0352021Assets 2022: $2,046,542Liabilities 2022: $1,109,041Net Assets 2022: $937,5012022Assets 2023: $2,075,441Liabilities 2023: $1,040,016Net Assets 2023: $1,035,4252023Assets 2024: $2,150,823Liabilities 2024: $980,409Net Assets 2024: $1,170,4142024

Highlighted filing

2015

Assets$2,662,947
Liabilities$1,252,903
Net Assets$1,410,044

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $558,065Expenses 2015: $535,050Net Income 2015: $23,0152015Revenue 2016: $650,448Expenses 2016: $627,216Net Income 2016: $23,2322016Revenue 2017: $542,219Expenses 2017: $666,064Net Income 2017: -$123,8452017Revenue 2018: $642,681Expenses 2018: $695,860Net Income 2018: -$53,1792018Revenue 2019: $654,667Expenses 2019: $720,919Net Income 2019: -$66,2522019Revenue 2020: $716,274Expenses 2020: $816,200Net Income 2020: -$99,9262020Revenue 2021: $643,439Expenses 2021: $842,803Net Income 2021: -$199,3642021Revenue 2022: $921,887Expenses 2022: $904,073Net Income 2022: $17,8142022Revenue 2023: $943,878Expenses 2023: $857,957Net Income 2023: $85,9212023Revenue 2024: $1,001,138Expenses 2024: $866,149Net Income 2024: $134,9892024

Highlighted filing

2015

Revenue$558,065
Expenses$535,050
Net Income$23,015
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 20, 2016
Return Version
2015v2.0
Gross Receipts
$643,464
Mission and Program Overview

Mission

Operation of seasonal tennis and swimming club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,008,779$2,406,809▲ $1,398,030
Cap Stk Tr Prin Current Funds$468,000$707,000▲ $239,000
Rtn Earn Endowment Incm Other Fnds$902,911$703,044▼ $199,867
Savings and Temporary Cash Investments$309,393$63,773▼ $245,620
Prepaid Expenses and Deferred Charges$38,097$0▼ $38,097
Cash and Non-Interest-Bearing Accounts-$15,588-
Accounts Receivable$11,701$0▼ $11,701
Intangible Assets-$594-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,370,911$2,662,947▲ $1,292,036
Other Assets Total$2,941$176,183▲ $173,242
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,252,903-
Total Liabilities$0$1,252,903▲ $1,252,903
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,370,911$1,410,044▲ $39,133
Total Liabilities and Net Assets / Fund Balance$1,370,911$2,662,947▲ $1,292,036

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,017,393$800,857$2,818,250
Buildings$231,134$577,639$808,773
Equipment$68,623$219,918$288,541
Other Land Buildings$69,403$69,921$139,324
Land$20,256-$20,256
Other Assets Org$18,615--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike CavalierPresident
John ChristopherVice President
Anne CrowleyDirector
Brian ScullionDirector
Jake PaschenDirector
Laurie MurlickDirector
Mary Ellen MorganDirector
Nick VagraDirector
Robyn ClarkDirector
Tina BarrDirector
Sheila MillerSecretary
Tom BermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$580,091
Investment Income
$571
Other Revenue
$-22,597
Change in Net Assets
$23,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,634
Salaries, Compensation, and Employee Benefits$101,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$90,153$15,910-$106,063
Other Salaries and Wages$86,204$15,212-$101,416
Interest$24,182$4,267-$28,449
Other Expenses$21,195$3,740-$24,935
Occupancy$18,094$3,193-$21,287
All Other Expenses$12,144$2,142-$14,286
Insurance$11,166$1,970-$13,136
Office Expenses$8,302$1,465-$9,767
Fees for Services Accounting$6,512$1,149-$7,661
Fees for Services Other$3,819$674-$4,493
Total Functional Expenses$454,795$80,255$0$535,050
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The club has 353 family equity memberships. Each family makes a $2,000 equity payment when they join the club which is returned to them when they resign, provided a replacement has been found. Memebers receive no income on the equity payment.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The equity members elect the board of directors, all whom also are equity members.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The activities of the board are reviewed at the annual members' meeting. Decisions involving significant expenditures are addressed at special membership meetings which may be called at any time.

Form 990, Part VI, Line 11B: Form 990 Review Process

After the form 990 has been prepared by the outside accountant it is reviewed with the club treasurer before filing. The completed form is available to all club members on an as - requested basis.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The salaries of the club manager and other employees are determined by the board at the begninning of each season. There are no compensation payments of any kind to officers or directors.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Because the club is private, we do not make information available to the public.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Old Willow Club
EIN
36-2430411
Phone
8477298010
Address
PO BOX 102, WINNETKA, IL 60093

Signing Officer

Name
Tom Berman
Title
Treasurer
Signed
2016-02-20
Discuss with paid preparer
Yes

Organization Details

Formed
1959
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
38

Preparer

Firm
Picker & Associates LLC
Address
1130 W Lake Cook Rd Ste 130, Buffalo Grove, IL 60089
Preparer
Ralph Picker
Phone
8475414000
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03193
IRS990/OccupancyGrp/ProgramServicesAmt018094
IRS990/OccupancyGrp/TotalAmt021287
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01465
IRS990/OfficeExpensesGrp/ProgramServicesAmt08302
IRS990/OfficeExpensesGrp/TotalAmt09767
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02941
IRS990/OtherAssetsTotalGrp/EOYAmt0176183
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAX
IRS990/OtherExpensesGrp/Desc2TENNIS CLUB EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020767
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15364
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24402
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33740
IRS990/OtherExpensesGrp/ProgramServicesAmt0117679
IRS990/OtherExpensesGrp/ProgramServicesAmt130399
IRS990/OtherExpensesGrp/ProgramServicesAmt224946
IRS990/OtherExpensesGrp/ProgramServicesAmt321195
IRS990/OtherExpensesGrp/TotalAmt0138446
IRS990/OtherExpensesGrp/TotalAmt135763
IRS990/OtherExpensesGrp/TotalAmt229348
IRS990/OtherExpensesGrp/TotalAmt324935
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015212
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086204
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101416
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038097
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt016118
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/Desc0GUEST FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SWIM LESSONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012916
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1563850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1563850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23325
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF OUTDOOR TENNIS COURTS FROM MEMORIAL DAY TO LABOR DAY FOR MEMBERS AND THEIR GUESTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034718
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05370
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF OUTDOOR SWIMMING POOL FROM MEMORIAL DAY TO LABOR DAY FOR MEMBERS AND THEIR GUESTS. 353 FAMILIES HOLD MEMBERSHIPS.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03325
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0449
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0332490
IRS990/PYOtherRevenueAmt0-7463
IRS990/PYProgramServiceRevenueAmt0568500
IRS990/PYRevenuesLessExpensesAmt0101511
IRS990/PYSalariesCompEmpBnftPaidAmt0127485
IRS990/PYTotalExpensesAmt0459975
IRS990/PYTotalRevenueAmt0561486
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt062802
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0902911
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0703044
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0309393
IRS990/SavingsAndTempCashInvstGrp/EOYAmt063773
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0231134
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0577639
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0808773
IRS990ScheduleD/EquipmentGrp/BookValueAmt068623
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0219918
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0288541
IRS990ScheduleD/LandGrp/BookValueAmt020256
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020256
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02017393
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0800857
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02818250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0157568
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118615
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069403
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt069921
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0139324
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02406809
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0176183
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CLUB HAS 353 FAMILY EQUITY MEMBERSHIPS. EACH FAMILY MAKES A $2,000 EQUITY PAYMENT WHEN THEY JOIN THE CLUB WHICH IS RETURNED TO THEM WHEN THEY RESIGN, PROVIDED A REPLACEMENT HAS BEEN FOUND. MEMEBERS RECEIVE NO INCOME ON THE EQUITY PAYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EQUITY MEMBERS ELECT THE BOARD OF DIRECTORS, ALL WHOM ALSO ARE EQUITY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACTIVITIES OF THE BOARD ARE REVIEWED AT THE ANNUAL MEMBERS' MEETING. DECISIONS INVOLVING SIGNIFICANT EXPENDITURES ARE ADDRESSED AT SPECIAL MEMBERSHIP MEETINGS WHICH MAY BE CALLED AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AFTER THE FORM 990 HAS BEEN PREPARED BY THE OUTSIDE ACCOUNTANT IT IS REVIEWED WITH THE CLUB TREASURER BEFORE FILING. THE COMPLETED FORM IS AVAILABLE TO ALL CLUB MEMBERS ON AN AS - REQUESTED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SALARIES OF THE CLUB MANAGER AND OTHER EMPLOYEES ARE DETERMINED BY THE BOARD AT THE BEGNINNING OF EACH SEASON. THERE ARE NO COMPENSATION PAYMENTS OF ANY KIND TO OFFICERS OR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BECAUSE THE CLUB IS PRIVATE, WE DO NOT MAKE INFORMATION AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01370911
IRS990/TotalAssetsEOYAmt02662947
IRS990/TotalAssetsGrp/BOYAmt01370911

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