2024-08-15T09:17:39-05:00 2023-09-30 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2022-10-01 361689955 RIVER FOREST COUNTRY CLUB RIVE 6302795444 15 W 468 GRAND AVENUE ELMHURST IL 60126 PAT O'MALLEY TREASURER 6302795444 2024-08-01 1 0 PAUL J ROZEK P00542258 6309541400 2022 2024-08-08 14:25:15Z JEFF HISER 15 W 468 GRAND AVENUE ELMHURST IL 60126 10221813 0 X WWW.RIVERFORESTCC.ORG X 1926 IL A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS EXCLUSIVELY OF ITS MEMBERS. 11 11 190 11 455129 24127 0 0 7809057 7262912 -91204 -21952 1525071 1781219 9242924 9022179 0 0 0 0 4211382 4897060 0 0 0 2580756 3380251 6792138 8277311 2450786 744868 20819289 21803991 7884812 8332015 12934477 13471976 A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS EXCLUSIVELY OF ITS MEMBERS. 0 0 A PRIVATE SOCIAL CLUB PROVIDING GOLF, POOL, TENNIS, AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMEBRS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 1 190 1 1 1 0 0 0 0 2193415 570141 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X DON OESTE 6302795444 15 W 468 GRAND AVENUE ELMHURST IL 60126 JEFF HISER PRESIDENT 5.00 X X 0 0 0 JAMES MCNAMARA END 1122 PRESIDENT 5.00 X X 0 0 0 ROY GALLAGHER VICE PRESIDENT 5.00 X X 0 0 0 PAT O'MALLEY TRESURER 5.00 X X 0 0 0 GEOFFREY GRAN SECRETARY 5.00 X X 0 0 0 DAVE CARLQUIST END 1122 DIRECTOR 5.00 X 0 0 0 KAREN CUSHING DIRECTOR 5.00 X 0 0 0 ROB HALLBERG END 1122 DIRECTOR 5.00 X 0 0 0 NICK HELTON END 1122 DIRECTOR 5.00 X 0 0 0 AL HOGAN DIRECTOR 5.00 X 0 0 0 KAL KILGAST DIRECTOR 5.00 X 0 0 0 JOE MANIOLA DIRECTOR 5.00 X 0 0 0 HUGH MCLEAN DIRECTOR 5.00 X 0 0 0 MATT MULLVIHILL END 1122 DIRECTOR 5.00 X 0 0 0 BRIAN O'BRIEN DIRECTOR 5.00 X 0 0 0 TROY PHILLIPS DIRECTOR 5.00 X 0 0 0 JEFF SCHENKEL GENERAL MANAGER 40.00 X 227800 0 32225 DON OESTE CONTROLLER 40.00 X 137593 0 25291 DEREK WEBER GROUNDS SUPERINTENDENT 40.00 X 195414 0 5733 NATHAN SKROCKI EXECUTIVE CHEF 40.00 X 136804 0 25260 MARSELA DINE CATERING DIRECTOR 40.00 X 126790 0 24860 824401 0 113369 5 0 1 0 CM GUMBACH LTD 15 W 468 GRAND AVE ELMHURST IL 60126 HEAD GOLF PRO 1136804 1 MEMBERSHIP DUES 713910 3419878 3419878 INITIATION FEES 713910 1301615 1301615 CAPITAL ASSESSMENT 713910 891800 891800 GOLF OPERATIONS 713910 827237 769769 57468 FOOD AND BEVERAGE 713910 212538 113314 99224 609844 603607 6237 7262912 27659 27659 34768 84379 -49611 -49611 -49611 2896474 1115255 1781219 1516678 264541 9022179 8567050 455129 0 422909 3588606 33475 391384 460686 13583 32047 40546 502073 122026 339151 1060909 SUPPLIES 694247 EQUIPMENT RENTAL & MAIN 411436 VALET PARKING/COATROOM 7927 SECURITY 6462 149844 8277311 2949874 2580351 696318 673339 181687 197383 63418 60962 27001372 8718556 16927992 18282816 0 9140 20819289 21803991 1994103 1013147 17092 47392 5404049 7015426 469568 256050 7884812 8332015 X 12934477 13471976 12934477 13471976 20819289 21803991 X 744868 -207368 X 0 1 X 1 0 94437 94437 9023414 4710447 4312967 2560772 1221670 1339102 15322749 2786439 12536310 18282816 REFUNDABLE EQUITY PAYABLE 246910 OPERATING LEASE 9140 256050 X 10137434 0 10137434 -1115255 -1115255 9022179 9392566 1115255 1115255 8277311 0 8277311 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. HOWEVER, UNDER THIS SECTION, INVESTMENT AND NONMEMBER INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF SEPTEMBER 30, 2023, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2019 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,115,255. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,115,255. X 0 0 0 JEFF SCHENKEL GENERAL MANAGER 185000 0 35000 0 7800 0 9112 0 23113 0 260025 0 0 0 DEREK WEBER GROUNDS SUPERINTENDENT 163114 0 24500 0 7800 0 0 0 5733 0 201147 0 0 0 DON OESTE CONTROLLER 123593 0 14000 0 0 0 5503 0 19788 0 162884 0 0 0 NATHAN SKROCKI EXECUTIVE CHEF 125054 0 11750 0 0 0 5472 0 19788 0 162064 0 0 0 MARSELA DINE CATERING DIRECTOR 122540 0 4250 0 0 0 5072 0 19788 0 151650 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB CONSISTS OF TWO CLASSES OF MEMBERS: VOTING AND NON-VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB IS GOVERNED BY AN ELEVEN PERSON BOARD OF DIRECTORS WHICH IS LIMITED TO ONLY THOSE VOTING MEMBERS WHO ARE IN GOOD STANDING WITH THE CLUB. THE MEMBERS OF THIS BOARD OF DIRECTORS ARE NOMINATED BY A COMMITTEE OF THEIR PEERS AND ARE SUBMITTED TO THE VOTING MEMBERSHIP FOR A VOTE VIA CLOSED BALLOT AT THE GENERAL MEMBERSHIP MEETING EACH NOVEMBER. IN THE EVENT A MEMBER OF THE BOARD RESIGNS MID-TERM, THE PRESIDENT HAS THE AUTHORITY TO APPOINT AN INTERIM MEMBER TO HOLD THE POSITION UNTIL THE SUBSEQUENT GENERAL MEMBERSHIP MEEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS HAS THE AUTHORITY TO GOVERN THE CLUB PURSUANT TO THE CLUB'S BY-LAWS AND RULES IN ALL MATTERS. THE EQUITY MEMBERS BY VIRTUE OF THE ESTABLISHED BY-LAWS GRANT APPROVAL ONLY FOR THOSE ISSUES PERTAINING TO THE FOLLOWING: - YEAR END CONGRESSIONAL ASSESSMENT - ANY CAPITAL ASSESSMENT IN EXCESS OF $150,000 - ANY INCOMING MEMBERS OF THE BOARD OF DIRECTORS - APPROVAL FOR ANY PROPOSED CHANGES TO THE CLUB'S BY-LAWS - NO UNSECURED INDEBTEDNESS MAY BE INCURED IN EXCESS OF $1 MILLION, NOR THE CLUB REAL ESTATE MORTGAGED FOR ANY AMOUNT WITHOUT THE CONSENT OF 66 2/3% OF THE VOTING MEMBERS VOTE CAST. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, SELDEN FOX, LTD, AND IS REVIEWED BY THE ORGANIZATION'S CONTROLLER AND TREASURER. BEFORE FILING, A COPY OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR REVIEW, QUESTIONS, AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE OF ITS CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, TOP FINANCIAL OFFICIAL, AND KEY EMPLOYEES IS SUBMITTED TO THE BOARD MEMBERS OVERSEEING THAT AREA AND FINAL APPROVAL IS REQUIRED BY THE STANDING CLUB PRESIDENT. EMPLOYEE'S COMPENSATION IS DETERMINED BY THE CURRENT CLUB GENERAL EMANAGER. FORM 990, PART VI, SECTION C, LINE 19 A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE THE GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY REFUND -207,368.