RICE ROAD LAKE INC

EIN: 811340962 Recreation & Sports

MOKENA, IL

Total Revenue
$273,208
Total Expenses
$283,304
Total Assets
$77,885
Net Assets
$77,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
CHARLES I GARDNER
Phone
6309263300
Tax Period
2025-01-01 to 2025-12-31

RICE ROAD LAKE INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $273K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year.

Mission

THE ORGANIZATION HAS LEASED A LAKE, AS WELL AS THE LAND SURROUNDING THAT SAME LAKE, IMMEDIATELY WEST OF THE TOWN OF ESSEX, ILLINOIS. 1) THE ORGANIZATION SOLICITS MEMBERS TO JOIN BY LEASING A VACANT LOT KNOWN AS A UNIT OF MEMBERSHIP. 2) EACH MEMBER TENANT THAN PAYS AN ANNUAL FEE TO PARTICIPATE IN THE RECREATIONAL ACTIVITIES OCCURING UPON THE LAKE AND SURROUNDING AREA. 3) THE ORGANIZATION PROVIDES THE OPPORTUNITY TO ITS MEMBERS FOR BOATING, SWIMMING, WATERSKIING, FISHING, JET SKIING, BAR-B-QUE PAVILION, AND PICNIC AREA. THE RECREATIONAL VENUE IS 100% OF THEIR ACTIVITY. THE ACTIVITIES CONSIST OF FAMILY RECREATIONAL SPORTS IN A GROUP SETTING. THE NOT-FOR-PROFIT PURPOSE BEING THE PROVISION OF THE SPORTING ACTIVITIES THROUGH THE JOINT USE OF THE FACILITIES. THE JOINT USE OF THE FACILITIES IS MADE POSSIBLE BY THE MEMBERS POOLING OF THEIR FUNDS THROUGH THE VACANT LOT LEASING ARRANGEMENT. THE ACTIVITIES WERE INITIATED ON OR ABOUT DECEMBER 28, 2015. THE ACTIVITIES OCCUR AT RICE ROAD LAKE, AN ARE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $273,208
Investment Income $0
Other Revenue $0
TOTAL REVENUE $273,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $283,304
TOTAL EXPENSES $283,304

Year-over-Year Comparison

2025 2024 Change
Revenue $273,208 $320,689 -0.1%
Expenses $283,304 $299,241 -0.1%
Net Income $-10,096 $21,448 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF BIERNACKI DIRECTOR 2.00
Director
$0 $0 $0
MIKE CORUM VICE PRESIDE 8.00
Officer Director
$0 $0 $0
DAWN DIXON SECRETARY 8.00
Officer Director
$0 $0 $0
CHARLES I GARDNER PRESIDENT 8.00
Officer Director
$0 $0 $0
TIM GREGORY DIRECTOR 5.00
Director
$0 $0 $0
AL MESSIER DIRECTOR 2.00
Director
$0 $0 $0
DONALD C WENNLUND DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $273,208 $283,304 $77,885 $-10,096
2024 $320,689 $299,241 $87,981 $21,448
2023 $242,526 $237,134 $66,533 $5,392
2022 $238,727 $223,544 $61,141 $15,183
2021 $213,805 $213,845 $45,958 $-40
2020 $230,738 $230,430 $45,998 $308
2019 $253,760 $254,600 $45,690 $-840
2018 $254,359 $254,359 $46,530 No data
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