Civic Intelligence

Belmont Athletic Club

990 • Fiscal year 2021 • EIN 36-6472133

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 27, 2022

PO Box 432Joliet, IL 60434-0432

(815) 723-7189

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.02x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$10,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

88%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$320,592

Up $44,933 (+16%) from 2020

Net Assets

Up

$318,184

Up $44,724 (+16%) from 2020

Liabilities

Up

$2,408

Up $209 (+9.5%) from 2020

Revenue

Up

$118,459

Up $55,566 (+88%) from 2020

Expenses

Up

$86,881

Up $678 (+0.8%) from 2020

Net Income

Up

$31,578

Up $54,888 (+235%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $240,439Liabilities 2015: $2,633Net Assets 2015: $237,8062015Assets 2016: $259,897Liabilities 2016: $4,432Net Assets 2016: $255,4652016Assets 2017: $259,253Liabilities 2017: $2,342Net Assets 2017: $256,9112017Assets 2018: $269,784Liabilities 2018: $2,735Net Assets 2018: $267,0492018Assets 2019: $299,345Liabilities 2019: $2,575Net Assets 2019: $296,7702019Assets 2020: $275,659Liabilities 2020: $2,199Net Assets 2020: $273,4602020Assets 2021: $320,592Liabilities 2021: $2,408Net Assets 2021: $318,1842021Assets 2022: $363,513Liabilities 2022: $2,490Net Assets 2022: $361,0232022Assets 2023: $355,781Liabilities 2023: $2,110Net Assets 2023: $353,6712023Assets 2024: $327,337Liabilities 2024: $2,884Net Assets 2024: $324,4532024

Highlighted filing

2021

Assets$320,592
Liabilities$2,408
Net Assets$318,184

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2015: $120,081Expenses 2015: $71,583Net Income 2015: $48,4982015Revenue 2016: $114,680Expenses 2016: $97,021Net Income 2016: $17,6592016Revenue 2017: $97,022Expenses 2017: $95,574Net Income 2017: $1,4482017Revenue 2018: $98,292Expenses 2018: $88,154Net Income 2018: $10,1382018Revenue 2019: $119,443Expenses 2019: $89,722Net Income 2019: $29,7212019Revenue 2020: $62,893Expenses 2020: $86,203Net Income 2020: -$23,3102020Revenue 2021: $118,459Expenses 2021: $86,881Net Income 2021: $31,5782021Revenue 2022: $131,760Expenses 2022: $88,921Net Income 2022: $42,8392022Revenue 2023: $120,671Expenses 2023: $128,023Net Income 2023: -$7,3522023Revenue 2024: $112,318Expenses 2024: $141,536Net Income 2024: -$29,2182024

Highlighted filing

2021

Revenue$118,459
Expenses$86,881
Net Income$31,578
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 27, 2022
Return Version
2021v4.1
Gross Receipts
$286,371
Mission and Program Overview

Mission

Promote youth athletic activities, recreational and social events for members using profits from operatons to promote the exempt purpose and maintain land and building facilitites

Promote youth athletic activities, recreational and social events for the membership using profits from operations to promote the exempt purpose and maintain land and buildings and facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$273,460$318,184▲ $44,724
Land, Buildings, and Equipment, Net$166,395$188,523▲ $22,128
Cash and Non-Interest-Bearing Accounts$64,134$84,831▲ $20,697
Savings and Temporary Cash Investments$34,644$34,776▲ $132
Inventories for Sale or Use$10,486$12,462▲ $1,976
Total Assets$275,659$320,592▲ $44,933
Liabilities
Accounts Payable and Accrued Expenses$2,199$2,408▲ $209
Total Liabilities$2,199$2,408▲ $209
Net Assets / Fund Balance
Total Net Assets Fund Balance$273,460$318,184▲ $44,724
Total Liabilities and Net Assets / Fund Balance$275,659$320,592▲ $44,933

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$121,906$121,306-
Land$41,492--
Equipment$25,125$58,836-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bruce SchatzBar ChairmanPT$10,000$10,000
Bruce Schatz--$10,000$10,000
Mark S RossTreasurerPT$6,000$6,000
Robert StarkPresidentPT$2,000$2,000

Board Members and Trustees

NameTitle
Ronald Bills SrBar Chairman
Michael ChervenVice President
George MeiferdtTrustee
Rob WallsTrustee
Scott LehmannTrustee
Ronald Bills Sr-
Mark AllisonFinancial Sec.
Mickey MartinInner Guard
Leonard OvercashRecording Sec.
Nathan J Wolff JrVgt Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$10,633
Program Service Revenue
$0
Investment Income
$87
Other Revenue
$107,739
Change in Net Assets
$31,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,307
Salaries, Compensation, and Employee Benefits$19,574
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$31,282$0$31,282
Current Officers, Directors, Trustees, and Key Employees$0$18,000$0$18,000
Insurance$0$12,704$0$12,704
Depreciation Depletion$0$9,168$0$9,168
Fees for Services Accounting$0$5,410$0$5,410
Office Expenses$0$3,202$0$3,202
Payroll Taxes$0$1,574$0$1,574
Other Expenses$0$613$0$613
Total Functional Expenses$0$86,881$0$86,881
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$147,329
Gaming Direct Expenses$66,912
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
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
Belmont a C
EIN
36-6472133
Phone
8157237189
Address
PO BOX 432, JOLIET, IL 60434-0432
Doing Business As
Belmont Athletic Club

Signing Officer

Name
Mark S Ross
Title
Treasurer
Phone
8157237189
Signed
2022-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Stark
Formed
1947
Legal Domicile
Il
Voting Board Members
191
Independent Board Members
0
Employees
2
Volunteers
18

Preparer

Firm
Donald L Klepec CPA
Address
907 S RAVEN RD, SHOREWOOD, IL 60404
Preparer
Donald L Klepec CPA
Phone
8157414120
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The athletic organization exists for its membership only

Pt VI, Line 7A

The organization membership conducts an election each year in december to elect officers and trustees

Pt VI, Line 7B

Management decisions are made by the officers and do not require voting approval of the membership

Pt VI, Line 8A

Minutes are maintained for all meetings

Pt VI, Line 8B

Minutes are maintained for all meetings during the year

Pt VI, Line 11B

Form 990 is reviewed at a regular scheduled board meeting. The report is availabe to anyone by making a verbal or written request to any board member.

Pt VI, Line 15B

Compensation of employees is approved annually by the board and is based on local market conditions and economic factors as determined by the board

Pt VIII

Membership dues are collected annually on a calendar year basis.

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0273460
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0318184
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034644
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034776
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0121906
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0121306
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0243212
IRS990ScheduleD/EquipmentGrp/BookValueAmt025125
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058836
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt083961
IRS990ScheduleD/LandGrp/BookValueAmt041492
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt041492
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0188523
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0true
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt057704
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt057704
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt066912
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt00
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt074401
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt072928
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt0147329
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt080417
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt09208
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt09208
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingManagerCompensationAmt02000
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0ROBERT STARK
IRS990ScheduleG/GamingManagerServicesProvTxt0BAR CHAIRMAN
IRS990ScheduleG/GamingOtherFacilityPct00.00000
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingRevenueReceivedByOrgAmt074401
IRS990ScheduleG/GamingRevenueRtnBy3PrtyAmt00
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0NATHAN J WOLFE
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0651 HIGHLAND PARK DRIVE PO BOX 432
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0JOLIET
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0IL
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd0604340432
IRS990ScheduleG/StatesWhereGamingConductedCd0IL
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0On January 9, 2019 Belmont Athletic Club entered into an agreement with Stanford Gaming, 928 N. State St., Lockport, IL 60441 to provide and replace Video Gaming terminals at the Club. The agreement with Hyperactive Gaming LLC was terminated in Octtober 2019 and an agreement with J&J Gaming 1500 S. Raney St., Effingham, IL 62401 was approved and effetive.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 15c
IRS990ScheduleG/ThirdPartyBusinessName/BusinessNameLine1Txt0J & J GAMING
IRS990ScheduleG/ThirdPartyUSAddress/AddressLine1Txt01500 S RANEY ST
IRS990ScheduleG/ThirdPartyUSAddress/CityNm0EFFINGHAM
IRS990ScheduleG/ThirdPartyUSAddress/StateAbbreviationCd0IL
IRS990ScheduleG/ThirdPartyUSAddress/ZIPCd062401
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RONALD BILLS SR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRUCE SCHATZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ATHLETIC ORGANIZATION EXISTS FOR ITS MEMBERSHIP ONLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MEMBERSHIP CONDUCTS AN ELECTION EACH YEAR IN DECEMBER TO ELECT OFFICERS AND TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT DECISIONS ARE MADE BY THE OFFICERS AND DO NOT REQUIRE VOTING APPROVAL OF THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES ARE MAINTAINED FOR ALL MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MINUTES ARE MAINTAINED FOR ALL MEETINGS DURING THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS REVIEWED AT A REGULAR SCHEDULED BOARD MEETING. THE REPORT IS AVAILABE TO ANYONE BY MAKING A VERBAL OR WRITTEN REQUEST TO ANY BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF EMPLOYEES IS APPROVED ANNUALLY BY THE BOARD AND IS BASED ON LOCAL MARKET CONDITIONS AND ECONOMIC FACTORS AS DETERMINED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIP DUES ARE COLLECTED ANNUALLY ON A CALENDAR YEAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275659
IRS990/TotalAssetsEOYAmt0320592
IRS990/TotalAssetsGrp/BOYAmt0275659
IRS990/TotalAssetsGrp/EOYAmt0320592
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010633
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00

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