Friars Cove Lodge Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362661098 ✦ Addison, IL ✦ Designated as a 501(c)(7)

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Overview

What is Friars Cove Lodge Inc?

Friars Cove Lodge Inc is a nonprofit organization that predominantly serves a community of 63 family members. Its primary function is to offer access to recreational facilities, such as a pool, tennis courts, and a lodge, located within its premises. Additionally, this organization extends its facilities for communal use, allowing the community to benefit from its resources. The organization's mission revolves around providing a space for its members to enjoy and utilize these shared amenities, fostering a sense of community and togetherness.

Is Friars Cove Lodge Inc legitimate?

Friars Cove Lodge Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Friars Cove Lodge Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Friars Cove Lodge Inc?

Friars Cove Lodge Inc serves as a community hub, offering its 63 family members access to facilities such as a pool, tennis courts, a lodge, and grounds. The organization's primary mission is to provide these resources, enabling its members to enjoy communal activities. Additionally, Friars Cove Lodge Inc also makes these facilities available for the use of the broader community. The organization's purpose is to foster a sense of community and shared enjoyment of these facilities.

What is the revenue of Friars Cove Lodge Inc?

Friars Cove Lodge Inc's revenue in 2021 was $132,974.

Who are the executives of Friars Cove Lodge Inc and what are their salaries?

Here are 5 key members and their salaries:


Greg Bednar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Calabrese (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Colella (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Proske (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Calabrese (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Friars Cove Lodge Inc?

Friars Cove Lodge Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Friars Cove Lodge Inc

Friars Cove Lodge, Inc. is an organization dedicated to serving its 63 family members by offering them access to various amenities. The nonprofit provides its members with the use of a pool, tennis courts, a Lodge, and the surrounding grounds. Beyond catering to its members, Friars Cove Lodge, Inc. additionally makes these facilities available for use by the wider community. This community-focused approach allows the organization to contribute positively to the well-being of its members and the surrounding community.

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Impact




October, 2024

Friars Cove Lodge Inc significantly enhances the quality of life for its 63 family members and the broader community in Addison, IL. By offering access to a range of recreational facilities such as a swimming pool, tennis courts, and a lodge, it fosters a sense of community and promotes healthy, active lifestyles. The space encourages social interaction and strengthens family bonds, while also serving as a venue for various community events. This integration of recreation and community engagement contributes to a vibrant social environment, making Friars Cove Lodge a vital asset in the lives of its members and the surrounding community.




This information is meant to be a general summary of Friars Cove Lodge Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$132,974 (2021)
Expenses
$109,261 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $60,924
  • Gross Receipts: $132,974

Assets and Liabilities:

  • Total Assets: $445,714
  • Total Liabilities: $324
  • Net Assets: $445,390

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Organization Details

Principal Officer

Louis Colella

NTEE Category

Code: N00 - Recreation

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