Standard Club is located in Deerfield, IL. The organization was established in 1934. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Standard Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Standard Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL CLUB PROVIDING RECREATIONAL ACTIVITIES, GUEST ROOMS, BANQUET FUNCTIONS, AND FINE DINING FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SOCIAL CLUB PROVIDING RECREATIONAL ACTIVITIES, GUEST ROOMS, BANQUET FUNCTIONS, AND FINE DINING FOR THE BENEFIT OF ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Glazer President | OfficerTrustee | 5 | $0 |
Blake Roter Senior Vice President | OfficerTrustee | 5 | $0 |
Howard Dardick Vice President | OfficerTrustee | 5 | $0 |
Susan Silver Asst. Treasurer | OfficerTrustee | 5 | $0 |
Gary Wool Vice President | OfficerTrustee | 3 | $0 |
Richard M Franklin Treasurer | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $384,601 |
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 | $384,601 |
Total Program Service Revenue | $1,017,890 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$15,862,299 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $154,539 |
Miscellaneous Revenue | $0 |
Total Revenue | -$14,305,269 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $40,194 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $22,357 |
Fees for services: Accounting | $1,076 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $129,952 |
Advertising and promotion | $0 |
Office expenses | $29,337 |
Information technology | $24,234 |
Royalties | $0 |
Occupancy | $427,124 |
Travel | $6,199 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $167,830 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $230,920 |
All other expenses | $6,548 |
Total functional expenses | $1,225,026 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $467,413 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,715,929 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,183,342 |
Accounts payable and accrued expenses | $1,009,193 |
Grants payable | $0 |
Deferred revenue | $41,530 |
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 | $0 |
Unsecured mortgages and notes payable | $2,281,805 |
Other liabilities | $1,940,000 |
Total liabilities | $5,272,528 |
Net assets without donor restrictions | $3,910,814 |
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 | $9,183,342 |
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