Odyssey Charities FY2023 filing

Tax-deductible

Oak Brook, IL501(c)(3)Recreation & SportsEIN 46-5524395Revenue $6.9M in FY2023

On file with the IRSodysseygolffoundation.org2221 Camden CT Ste 200, 60523-4606 · Oak Brook, ILTax-exempt since Jul 2015Publicly supported — 509(a)(2)

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

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $474K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.4M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
+465% vs prior year
Spent
$2.2M
To programs
96%
Net assets
$12.1M
By yearFY2020–FY2024
Revenue
$6.9M
FY2023▲ +465%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$6.9M
FY2024$1.4M
Expenses
$2.2M
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.8M
FY2023$2.2M
FY2024$2.1M
Net assets
$12.1M
FY2023▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.5M
FY2021$8.0M
FY2022$7.4M
FY2023$12.1M
FY2024$11.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.2M Management & general 4% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Odyssey Charities executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Offers golf course access for recreation and therapy to veterans and those with special needs.

Provided by the organization

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1 program · $2.2M · in their own filed words · FY2023
01

Operation of championchip golf course and related facilities for the benefit of veterans and special needs individuals.

$2.2Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$5.6M
Fees for servicesLn 2g$1.3M
Other incomeLn 4–11$32K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.2M
Managementcol C$87K
Owns and owesPt X
$12.1M
net assets · Ln 32
Cash and savingsLn 1–2$201K
Total assetsLn 16$18.5M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Noncash giftsLn 1g$5.6M
Fees for servicesLn 2g$1.3M
Other incomeLn 4–11$32K
Gains on assetsLn 7$0
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$201K
SavingsLn 2$0
Cash and savings togetherLn 1–2$201K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$9.9M
Other assetsLn 15$5.6M
Total assetsLn 16$18.5M
LiabilitiesLn 26$6.4M
Net assetsLn 32$12.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$261K$201K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$10.0M$9.9M
Total assetsLn 16$10.3M$18.5M
LiabilitiesLn 26$2.9M$6.4M
Net assetsLn 32$7.4M$12.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$808K$808K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$61K$61K
Management feesLn 11a$70K$70K
Legal feesLn 11b$41K$41K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$17K$17K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$463K$463K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$34K$34K
Other expenses (24a–d)Ln 24$717K$717K
All other expensesLn 24e$8K$8K$350
Total functional expensesLn 25$2.2M$2.2M$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$2.1M−$733K$11.3M 990 PDF
FY2023 Viewing $6.9M$2.2M$4.7M$12.1M 990 PDF
FY2022 $1.2M$1.8M−$604K$7.4M 990 PDF
FY2021 $1.3M$1.8M−$484K$8.0M 990 PDF
FY2020 $1.2M$1.7M−$502K$8.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $6,939,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,043$5,609,934
I-9 Program service revenuePrior year $1,102,835$1,297,117
I-10 Investment income$0
I-11 Other revenuePrior year $25,966$32,468
I-12 Total revenuePrior year $1,228,844$6,939,519
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $692,395$881,015
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,140,209$1,366,823
I-18 Total expensesPrior year $1,832,604$2,247,838
I-19 Revenue less expensesPrior year −$603,760$4,691,681
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $6,939,519 across 10 lines filed
Lines not itemized here account for $23,952 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,609,934
VIII-1g Noncash contributions (included above)$5,600,000
VIII-1h Total contributions, gifts and grants$5,609,934
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,297,117$1,297,117
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $8,516$8,516
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,321,069 · Excluded from tax $8,516$6,939,519
Part IX · Statement of functional expenses $2,247,838 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $808,218$808,218
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,675$11,675
IX-10 Payroll taxesPrograms $61,122$61,122
IX-11a Management feesManagement $69,684$69,684
IX-11b Legal feesPrograms $40,529$40,529
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $12,343$12,343
IX-13 Office expensesManagement $16,580$16,580
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $462,903$462,903
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $5,238$5,238
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $34,310$34,310
IX-24 Other expenses (24a–d)Programs $717,120$717,120
IX-24e All other expensesPrograms $7,766 · Management $350$8,116
IX-25 Total functional expensesPrograms $2,161,224 · Management $86,614 · Fundraising $0$2,247,838
Part X · Balance sheet $18,507,925 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $261,031$200,810
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,100$0
X-8 Inventories for sale or useStart of year $49,178$69,069
X-9 Prepaid expenses and deferred chargesStart of year $26,867$30,342
X-10c Land, buildings and equipment, netStart of year $9,956,515$9,943,386
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$2,664,318
X-15 Other assets$5,600,000
X-16 Total assetsStart of year $10,295,691$18,507,925
X-17 Accounts payable and accrued expensesStart of year $606,936$519,790
X-19 Deferred revenueStart of year $35,290$40,897
X-25 Other liabilities$2,739,396
X-26 Total liabilitiesStart of year $2,922,546$6,443,099
X-27 Net assets without donor restrictionsStart of year $7,373,145$12,064,826
X-32 Total net assets or fund balancesStart of year $7,373,145$12,064,826
X-33 Total liabilities and net assetsStart of year $10,295,691$18,507,925
Part XI · Reconciliation of net assets $12,064,826 net assets at year end
XI-1 Total revenue$6,939,519
XI-2 Total expenses$2,247,838
XI-3 Revenue less expenses$4,691,681
XI-4 Net assets at start of year$7,373,145
XI-10 Net assets at end of year$12,064,826

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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