Civic Intelligence

Odyssey Charities

EIN 46-5524395 • 501(c)3 • Oak Brook, IL

Profile

Provide use of championship of Golf Course to Veterans and special needs persons for recreational and therapeutic purposes.

2221 Camden CT 200Oak Brook, IL 60523

www.odysseygolffoundation.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.38x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.88x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-1.5%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$18,227,513

Down $280,412 (-1.5%) from 2023

Liabilities

Up

$6,895,956

Up $452,857 (+7.0%) from 2023

Net Assets

Down

$11,331,557

Down $733,269 (-6.1%) from 2023

Revenue

Down

$1,412,691

Down $5,526,828 (-80%) from 2023

Expenses

Down

$2,145,960

Down $101,878 (-4.5%) from 2023

Net Income

Down

-$733,269

Down $5,424,950 (-116%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $10,194,699Liabilities 2013: $55,922Net Assets 2013: $10,138,7772013Assets 2014: $10,339,688Liabilities 2014: $597,466Net Assets 2014: $9,742,2222014Assets 2015: $10,230,327Liabilities 2015: $554,488Net Assets 2015: $9,675,8392015Assets 2016: $10,256,841Liabilities 2016: $607,202Net Assets 2016: $9,649,6392016Assets 2017: $10,692,483Liabilities 2017: $411,808Net Assets 2017: $10,280,6752017Assets 2018: $10,242,092Liabilities 2018: $568,967Net Assets 2018: $9,673,1252018Assets 2019: $10,145,025Liabilities 2019: $1,182,016Net Assets 2019: $8,963,0092019Assets 2020: $10,380,008Liabilities 2020: $1,919,433Net Assets 2020: $8,460,5752020Assets 2021: $10,452,799Liabilities 2021: $2,475,894Net Assets 2021: $7,976,9052021Assets 2022: $10,295,691Liabilities 2022: $2,922,546Net Assets 2022: $7,373,1452022Assets 2023: $18,507,925Liabilities 2023: $6,443,099Net Assets 2023: $12,064,8262023Assets 2024: $18,227,513Liabilities 2024: $6,895,956Net Assets 2024: $11,331,5572024

Highlighted filing

2024

Assets$18,227,513
Liabilities$6,895,956
Net Assets$11,331,557

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $10,138,777Expenses 2013: $0Net Income 2013: $10,138,7772013Revenue 2014: $1,347,563Expenses 2014: $1,366,924Net Income 2014: -$19,3612014Revenue 2015: $1,444,916Expenses 2015: $1,511,299Net Income 2015: -$66,3832015Revenue 2016: $1,546,437Expenses 2016: $1,572,637Net Income 2016: -$26,2002016Revenue 2017: $2,233,387Expenses 2017: $1,602,351Net Income 2017: $631,0362017Revenue 2018: $1,318,524Expenses 2018: $1,926,074Net Income 2018: -$607,5502018Revenue 2019: $1,097,393Expenses 2019: $1,807,509Net Income 2019: -$710,1162019Revenue 2020: $1,161,139Expenses 2020: $1,663,573Net Income 2020: -$502,4342020Revenue 2021: $1,300,972Expenses 2021: $1,784,642Net Income 2021: -$483,6702021Revenue 2022: $1,228,844Expenses 2022: $1,832,604Net Income 2022: -$603,7602022Revenue 2023: $6,939,519Expenses 2023: $2,247,838Net Income 2023: $4,691,6812023Revenue 2024: $1,412,691Expenses 2024: $2,145,960Net Income 2024: -$733,2692024

Highlighted filing

2024

Revenue$1,412,691
Expenses$2,145,960
Net Income-$733,269

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,551,393
Mission and Program Overview

Mission

Provide use of championship of Golf Course to Veterans and special needs children for recreational and therapeutic purposes.

Provide use of championship of Golf Course to Veterans and special needs persons for recreational and therapeutic purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,943,386$9,913,136▼ $30,250
Loans From Officers Directors$3,143,016$3,816,261▲ $673,245
Intangible Assets$2,664,318$2,457,830▼ $206,488
Cash and Non-Interest-Bearing Accounts$200,810$134,632▼ $66,178
Inventories for Sale or Use$69,069$87,679▲ $18,610
Prepaid Expenses and Deferred Charges$30,342$34,236▲ $3,894
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Total Assets$18,507,925$18,227,513▼ $280,412
Other Assets Total$5,600,000$5,600,000→ $0
Liabilities
Other Liabilities$2,739,396$2,545,316▼ $194,080
Accounts Payable and Accrued Expenses$519,790$491,136▼ $28,654
Deferred Revenue$40,897$43,243▲ $2,346
Total Liabilities$6,443,099$6,895,956▲ $452,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,064,826$11,331,557▼ $733,269
Total Net Assets Fund Balance$12,064,826$11,331,557▼ $733,269
Total Liabilities and Net Assets / Fund Balance$18,507,925$18,227,513▼ $280,412

Asset Categories

AssetBook ValueDepreciationBasis
Land$9,475,000-$9,475,000
Buildings$292,500$357,500$650,000
Equipment$145,636$118,304$263,940
Leasehold Improvements-$50,948$50,948
Other Assets Org$5,600,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aristotle HalikiasPresident
Lena HalikiasDirector
Patricia HalikiasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,959
Program Service Revenue
$1,383,826
Investment Income
$0
Other Revenue
$21,906
All Other Contributions
$6,959
Change in Net Assets
$-733,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,412,691
Total Revenue per Audited Statements
$1,412,691
Total Revenue per Form 990
$1,412,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,174,868
Salaries, Compensation, and Employee Benefits$971,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$893,020--$893,020
Occupancy$368,442--$368,442
Fees for Services Management-$72,381-$72,381
Payroll Taxes$66,728--$66,728
Fees for Services Legal$36,753--$36,753
Insurance$35,045--$35,045
Office Expenses-$25,891-$25,891
All Other Expenses$14,295$350-$14,645
Other Employee Benefits$11,344--$11,344
Other Expenses$9,478--$9,478
Advertising$8,898--$8,898
Conferences and Meetings$4,689--$4,689
Total Functional Expenses$2,047,338$98,622$0$2,145,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,145,960
Total Expenses per Audited Statements$2,145,960
Total Expenses per Form 990$2,145,960
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
Loans from Officers, Directors, Trustees, and Key Employees$3,143,016$3,816,261▲ $673,245
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$2,545,313
Rounding$3
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Copies of Form 990 were distributed to the executive officers and directors of the organization prior to filing, and the preparers were available to questions from these persons.

Form 990, Part VI, Section C, Line 19

Section C, Item 19. A sign was posted in a public place at the organizations golf course indicating that this information was available on request.

Form 990, Part VI, Section B, Line 12C

Wherever a conflict of interest is brought to the attention of the Board, it uses an independent appraiser or other independent experts to assure that all transactions are carried out with fair market pricing and terms.

Filing and Contact Details

Filer

Filer Name
Odyssey Charities
EIN
46-5524395
Phone
6305608000
Address
2221 CAMDEN CT 200, OAK BROOK, IL 60523

Signing Officer

Name
Patricia Halikias
Title
Director
Signed
2025-11-15

Organization Details

Formed
2013
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
90
Supplemental Narrative

Additional Explanations

Schedule L, Part IV, Line 1

Odyssey Holdings Ltd is controlled by the three trustees of Odyssey Charities. A subsidiary of Odyssey Holdings Ltd leases real property to Odyssey Charities at fair value of $153,166 per year. Odyssey Charities leases real property to Odyssey Holdings Ltd at fair value of $41,016 per year.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0205080
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01199052
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01211059
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06638487
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt041016
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt041016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0205080
IRS990ScheduleA/InvestmentIncomeCYPct00.01630
IRS990ScheduleA/InvestmentIncomePYPct00.01680
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01217434
IRS990ScheduleA/Total509Grp/TotalAmt012385521
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012590601
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0292500
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0357500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0650000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0145636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118304
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0263940
IRS990ScheduleD/ExpensesSubtotalAmt02145960
IRS990ScheduleD/LandGrp/BookValueAmt09475000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09475000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt050948
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05600000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSERVATION EASEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02545313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt09913136
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05600000
IRS990ScheduleD/TotalExpensesPerForm990Amt02145960
IRS990ScheduleD/TotalLiabilityAmt02545316
IRS990ScheduleD/TotalRevenuePerForm990Amt01412691
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0ODYSSEY HOLDINGS LTD &SUB
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2OPERATING
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1125000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt21830320
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ODYSSEY HOLDINGS LTD SUB
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1HALIKIAS FAMILY COMPANY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CONTROL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CONTROL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CONTROL
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Odyssey Holdings Ltd and its Subsidiaries is controlled by the three Trustees of Odyssey Charities. Odyssey Holdings leases certain real estate necessary to the Charities charitable operations at fair value to Odyssey Charities for $153,166 per year. Odyssey Charities leases certain real estate to Odyssey Holdings for fair value at $41,016 per year.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of Form 990 were distributed to the executive officers and directors of the organization prior to filing, and the preparers were available to questions from these persons.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Section C, Item 19. A sign was posted in a public place at the organizations golf course indicating that this information was available on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Wherever a conflict of interest is brought to the attention of the Board, it uses an independent appraiser or other independent experts to assure that all transactions are carried out with fair market pricing and terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Odyssey Holdings Ltd is controlled by the three trustees of Odyssey Charities. A subsidiary of Odyssey Holdings Ltd leases real property to Odyssey Charities at fair value of $153,166 per year. Odyssey Charities leases real property to Odyssey Holdings Ltd at fair value of $41,016 per year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE L, PART IV, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ODYSSEY CHARITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1ODYSSEY CHARITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2ODYSSEY CHARITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ODYSSEY GOLF FOUNDATION OPERATING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ODYSSEY GOLF FOUNDATION HOLDINGS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2ODYSSEY GOLF FOUNDATION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0363983266
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1364027269
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2474589812
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0GOLF BUSINESS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1GOLF BUSINESS

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