Civic Intelligence

Belmont Athletic Club

990 • Fiscal year 2023 • EIN 36-6472133

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization Profile[email protected]
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.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-6.1%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$11,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-8.4%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$355,781

Down $7,732 (-2.1%) from 2022

Net Assets

Down

$353,671

Down $7,352 (-2.0%) from 2022

Liabilities

Down

$2,110

Down $380 (-15%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin28th percentile

Revenue

Down

$120,671

Down $11,089 (-8.4%) from 2022

Expenses

Up

$128,023

Up $39,102 (+44%) from 2022

Net Income

Down

-$7,352

Down $50,191 (-117%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

2023

Assets$355,781
Liabilities$2,110
Net Assets$353,671
Open 2023 Filing

Operations Trend

Revenue Growth25th percentile

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

2023

Revenue$120,671
Expenses$128,023
Net Income-$7,352
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$280,244
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$361,023$353,671▼ $7,352
Land, Buildings, and Equipment, Net$163,643$183,220▲ $19,577
Cash and Non-Interest-Bearing Accounts$150,612$124,411▼ $26,201
Savings and Temporary Cash Investments$34,960$35,283▲ $323
Inventories for Sale or Use$14,298$12,867▼ $1,431
Total Assets$363,513$355,781▼ $7,732
Liabilities
Accounts Payable and Accrued Expenses$2,490$2,110▼ $380
Total Liabilities$2,490$2,110▼ $380
Net Assets / Fund Balance
Total Net Assets Fund Balance$361,023$353,671▼ $7,352
Total Liabilities and Net Assets / Fund Balance$363,513$355,781▼ $7,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$103,604$139,608-
Land$41,492--
Equipment$38,124$95,225$0
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bruce SchatzBar ChairmanPT$11,000$11,000
Mark S RossTreasurerPT$6,000$6,000
Robert StarkPresidentPT$1,000$1,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,735
Program Service Revenue
$0
Investment Income
$258
Other Revenue
$110,678
Change in Net Assets
$-7,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,411
Salaries, Compensation, and Employee Benefits$19,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$49,225$0$49,225
Depreciation Depletion$0$25,071$0$25,071
Current Officers, Directors, Trustees, and Key Employees$0$18,000$0$18,000
Insurance$0$12,925$0$12,925
Fees for Services Accounting$0$8,320$0$8,320
Other Expenses$0$7,566$0$7,566
Payroll Taxes$0$1,612$0$1,612
Office Expenses$0$1,479$0$1,479
Total Functional Expenses$0$128,023$0$128,023
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$129,902
Gaming Direct Expenses$42,466
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Stark
Formed
1947
Legal Domicile
Il
Voting Board Members
193
Independent Board Members
0
Employees
3
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/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0353671
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt035283
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0103604
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0139608
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0243212
IRS990ScheduleD/EquipmentGrp/BookValueAmt038124
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095225
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0133349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt041492
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt041492
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0183220
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0true
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt037095
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt037095
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt042366
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt046500
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt046500
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt04134
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt05271
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt05271
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0ROBERT STARK
IRS990ScheduleG/GamingManagerServicesProvTxt0BAR CHAIRMAN
IRS990ScheduleG/GamingRevenueReceivedByOrgAmt083402
IRS990ScheduleG/GamingRevenueRtnBy3PrtyAmt00
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0NATHAN J WOLFF
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/ExplanationTxt0Belmont Athletic Club entered into a Contract Agreement for Video Gaming with J&J Gaming, 1500 S. Raney St., Effingham, IL 62401 was approved and effective since October 2019.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 15c
IRS990ScheduleG/ThirdPartyBusinessName/BusinessNameLine1Txt0J & J GAMING
IRS990ScheduleG/ThirdPartyUSAddress/AddressLine1Txt01500 S RANEY ST
IRS990ScheduleG/ThirdPartyUSAddress/CityNm0EFFINGHAM
IRS990ScheduleG/ThirdPartyUSAddress/StateAbbreviationCd0IL
IRS990ScheduleG/ThirdPartyUSAddress/ZIPCd062401
IRS990/ScheduleJRequiredInd0false
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/TotalAssetsBOYAmt0363513
IRS990/TotalAssetsEOYAmt0355781
IRS990/TotalAssetsGrp/BOYAmt0363513
IRS990/TotalAssetsGrp/EOYAmt0355781
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09735
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0128023
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128023
IRS990/TotalGrossUBIAmt0110678
IRS990/TotalLiabilitiesBOYAmt02490
IRS990/TotalLiabilitiesEOYAmt02110
IRS990/TotalLiabilitiesGrp/BOYAmt02490
IRS990/TotalLiabilitiesGrp/EOYAmt02110
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0361023
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0353671
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt018000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0258
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120671
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0110678
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0363513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0355781
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 432
IRS990/USAddress/CityNm0JOLIET
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060434
IRS990/VotingMembersGoverningBodyCnt0193
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0[email protected]
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK S ROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08157237189
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELMONT A C
ReturnHeader/Filer/BusinessNameControlTxt0BELM
ReturnHeader/Filer/EIN0366472133
ReturnHeader/Filer/PhoneNum08157237189
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 432
ReturnHeader/Filer/USAddress/CityNm0JOLIET

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$355,781
Liabilities
$2,110
Net assets
$353,671
Revenue
$120,671
Expenses
$128,023
Net income
-$7,352
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.27$0.03$3.24$1.12$1.42$0.29
2023Detailed filing. Detailed filing data is available for this year.$3.56$0.02$3.54$1.21$1.28$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.64$0.02$3.61$1.32$0.89$0.43
2021Detailed filing. Detailed filing data is available for this year.$3.21$0.02$3.18$1.18$0.87$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.76$0.02$2.73$0.63$0.86$0.23
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.03$2.97$1.19$0.90$0.30
2018Detailed filing. Detailed filing data is available for this year.$2.70$0.03$2.67$0.98$0.88$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.59$0.02$2.57$0.97$0.96$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.60$0.04$2.55$1.15$0.97$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.40$0.03$2.38$1.20$0.72$0.48