Chicago Club
- Assets
- $24.0m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 110
- Location
- Chicago, IL
- Founding
- 10/1934
- Data as of
- 12/2023
- EIN
- 36-0898010
Organization Overview
Chicago Club is located in Chicago, IL. The organization was established in 1934. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Chicago Club employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Chicago Club generated $11.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $12.6m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PREMIER CLUB IN THE CITY OF CHICAGO SERVING CHICAGO LEADERS BY PROVIDING A PRIVATE CLUB WITH OUTSTANDING DINING, SERVICE, AND CLUBHOUSE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SOCIAL CLUB PROVIDING DINING & CLUBHOUSE FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary L Gorno President | OfficerTrustee | 0 | $0 |
Charles W Douglas End 823 President | OfficerTrustee | 0 | $0 |
David R Casper Vice President | OfficerTrustee | 0 | $0 |
Lyle Logan Treasurer | OfficerTrustee | 0 | $0 |
Stephen W Beard Director | Trustee | 0 | $0 |
Kate Bensen End 623 Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hub Int'l Insurance | 12/30/22 | $425,505 |
Special Events Staffing Inc Outside Labor | 12/30/22 | $407,812 |
Chamber Consultant | 12/30/22 | $303,857 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $612,108 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,108 |
| Total Program Service Revenue | $7,054,671 |
| Investment income | $9,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,591 |
| Net Gain/Loss on Asset Sales | $23,203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,406,333 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,304,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,916 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,689,971 |
| Pension plan accruals and contributions | $1,905,910 |
| Other employee benefits | $1,448,386 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,986 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,084,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $262,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,566,192 |
| Insurance | $333,900 |
| All other expenses | $0 |
| Total functional expenses | $12,567,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $1,610,848 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $1,352,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $507,434 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,224,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,672 |
| Total assets | $24,007,713 |
| Accounts payable and accrued expenses | $2,550,654 |
| Grants payable | $0 |
| Deferred revenue | $1,718,882 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,754,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $447,172 |
| Total liabilities | $7,471,653 |
| Net assets without donor restrictions | $16,536,060 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,007,713 |