2026-02-17T15:06:48-06:00 2025-03-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2024-04-01 363604050 CRYSTAL TREE GOLF & COUNTRY CLUB CRYS 7084033000 10700 WEST 153RD STREET ORLAND PARK IL 60462 WILLIAM FROST TREASURER 7084033000 2026-02-11 1 0 PAUL J ROZEK P00542258 6309541400 2024 2025-03-06 01:10:19Z JAMES TROY 10700 WEST 153RD STREET ORLAND PARK IL 60462 12122122 0 X WWW.CRYSTALTREECC.ORG X 1988 IL A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS 11 11 203 11 852264 0 0 0 6858521 7392676 26112 749967 1973321 2170978 8857954 10313621 0 0 0 0 4650754 4544179 0 0 0 3972793 4009425 8623547 8553604 234407 1760017 23794629 25920904 19617047 12583305 4177582 13337599 A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS. 0 0 A PRIVATE MEMBERSHIP COUNTRY CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 26 0 203 1 1 1 0 0 0 0 236186 1083838 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X KRISTIN AMBROSE 7084033000 10700 WEST 153RD STREET ORLAND PARK IL 60462 JAMES TROY PRESIDENT 5.00 X X 0 0 0 MICHAEL SCOTT VICE PRESIDENT 5.00 X X 0 0 0 WILLIAM FROST TREASURER 5.00 X X 0 0 0 JIM BRASHER DIRECTOR 5.00 X 0 0 0 MICHAEL DUDEK DIRECTOR 5.00 X 0 0 0 KEN GABRIEL DIRECTOR 5.00 X 0 0 0 RICK MCKANE DIRECTOR 5.00 X 0 0 0 JOHN MUSSALLEM DIRECTOR 5.00 X 0 0 0 BRIAN RIORDAN DIRECTOR 5.00 X 0 0 0 KURT SMOLENSKI DIRECTOR 5.00 X 0 0 0 MICHAEL YAZBEK DIRECTOR 5.00 X 0 0 0 ANDREW PHELAN GENERAL MANAGER 50.00 X 183673 0 1118 KRISTIN AMBROSE CONTROLLER 50.00 X 134554 0 18744 318227 0 19862 2 0 1 0 0 MEMBERSHIP DUES 713910 3531037 3531037 OPERATING ASSESSMENTS 713910 1371350 1371350 GOLF OPERATIONS 713910 1211556 1074621 136935 FOOD DEPARTMENT 713910 900905 832447 68458 INITIATION FEES 713910 236186 236186 141642 141642 7392676 72 72 1157978 408083 749895 749895 749895 3501090 1400418 2100672 1453873 646799 MISCELLANEOUS 900099 70306 70306 70306 10313621 9461357 852264 0 338088 3563049 15343 297905 329794 8537 24000 143222 93714 363891 775003 947126 420000 SUPPLIES 495479 EQUIPMENT RENTAL AND MA 233497 ENTERTAINMENT AND PROMO 180273 VALET 11796 312887 8553604 903943 2016119 121806 641508 304797 279498 109324 112243 152563 327537 38682173 16138174 22202196 22543999 23794629 25920904 882637 1049373 262659 197184 18471751 11336748 19617047 12583305 X 4177582 13337599 4177582 13337599 23794629 25920904 X 1760017 7400000 X 0 1 X 1 0 9116416 9116416 15603700 6244615 9359085 5650181 4108695 1541486 8311876 5784864 2527012 22543999 X 19114039 7400000 7400000 11714039 -1400418 -1400418 10313621 9954022 1400418 1400418 8553604 0 8553604 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. UNDER THIS SECTION, UNRELATED BUSINESS INCOME AND INVESTMENT INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF MARCH 31, 2025, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2022 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ACCOUNTING STANDARDS CODIFICATION ("ASC") 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 2D - OTHER ADJUSTMENTS: GAIN ON DEBT FORGIVENESS 7,400,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,400,418. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,400,418. 0 0 0 ANDREW PHELAN GENERAL MANAGER 156673 0 27000 0 0 0 1118 0 0 0 184791 0 0 0 KRISTIN AMBROSE CONTROLLER 114554 0 20000 0 0 0 2407 0 16337 0 153298 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. MEMBERS WHO ARE ENTITLED TO SHARE IN LIQUIDATION PROCEEDS, AND WHO PURCHASE A REDEEMABLE, OR PARTIALLY REDEEMABLE, CERTIFICATE ARE DEEMED "EQUITY" MEMBERS. THESE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY, AS WELL AS APPROVE SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, SHARE IN LIQUIDATION PROCEEDS, OR HAVE THEIR INITIATION FEES REFUNDED IN WHOLE OR IN PART ARE DEEMED "NON-EQUITY" MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A IF SOMEBODY ON THE BOARD LEAVES OR VACATES THEIR POSITION, THE BOARD MEMBERS HAVE THE RIGHT TO APPOINT AN EQUITY MEMBER TO THE BOARD. HOWEVER, THIS PERSON MUST BE IN GOOD STANDING WITH THE CLUB. THE BOARD MEMBERS SHALL ELECT EQUITY MEMBERS TO FILL VACANCIES IN THE BOARD TO SERVE UNTIL THE NEXT ANNUAL MEETING OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B THE EQUITY MEMBERS HAVE THE RIGHT TO RATIFY SIGNIFICANT DECISIONS MADE BY THE BOARD MEMBERS. EXAMPLES OF THESE SIGNIFICANT DECISIONS COULD INCLUDE THE APPROVAL OF GOING INTO DEBT OF MORE THAN A SPECIFIED AMOUNT AND ANY CAPITAL EXPENDITURES EXCEEDING CERTAIN AMOUNTS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBIC ACCOUNTING FIRM, SELDEN FOX LTD., AND IS REVIEWED AND SIGNED BY THE ORGANIZATION'S 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 15 GENERAL MANAGER - AN ANNUAL REVIEW IS PERFORMED BY THE HOUSE COMMITTEE CHAIRMAN ALONG WITH THE PRESIDENT OF THE CLUB. THE LEVEL OF COMPENSATION IS DETERMINED BY THE BOARD OF GOVERNERS. THE BOARD SURVEYS AREA PRIVATE COUNTRY CLUBS FOR MANAGER COMPENSATION PACKAGES. THEY ALSO HAVE INFORMATION THROUGH THE CHICAGO DISTRICT GOLF ASSOCIATION, THE GREATER CHICAGO CLUB MANAGERS ASSOCIATION AND THE CLUB MANAGERS ASSOCIATION OF AMERICA. CONTROLLER - A REVIEW IS PERFORMED BY THE GENERAL MANAGER AND TREASURER/FINANCE COMMITTEE CHAIRMAN. COMPENSATION IS DETERMINED BY THE GENERAL MANAGER AND THE FINANCE COMMITTEE. THE CLUB SURVEYS AREA PRIVATE COUNTRY CLUBS FOR COMPENSATION PACKAGES AND UTILIZES DATA FROM THE GREATER CHICAGO CLUB MANAGERS ASSOCIATION AND ENGAGE A PUBLIC ACCOUNTING FIRM. ALL SALARIES AND HOURLY WAGE RATES ARE REVIEWED BY THE BOARD OF GOVERNORS AND THE DEPARTMENT CHAIRPERSON AT THE START OF THE FISCAL YEAR. THESE WAGE RATES ARE INCORPORATED INTO THE OPERATING BUDGET FOR THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, BUT FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON DEBT FORGIVENESS 7,400,000.