Union League Club Of Chicago
- Assets
- $24.4m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 347
- Location
- Chicago, IL
- Founding
- 10/1922
- Data as of
- 04/2023
- EIN
- 36-1893300
Organization Overview
Union League Club Of Chicago is located in Chicago, IL. The organization was established in 1922. 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 04/2023, Union League Club Of Chicago employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union League Club Of Chicago is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2023, Union League Club Of Chicago generated $20.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $22.1m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. 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 UNION LEAGUE CLUB OF CHICAGO PROVIDES A UNIQUE OPPORTUNITY FOR ITS MEMBERS TO PARTICIPATE AS A LEADER IN PROMOTING CIVIC, PHILANTHROPIC, & CULTURAL MATTERS OF COMMON INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Karaba President | OfficerTrustee | 3 | $0 |
Cynthia L Doloughty First Vice President | OfficerTrustee | 3 | $0 |
Robert J Ryan Second Vice President | OfficerTrustee | 3 | $0 |
Joseph A Sheils Treasurer | OfficerTrustee | 3 | $0 |
Rchard P Beem Secretary | OfficerTrustee | 3 | $0 |
Thomas P Bernardi Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $8,105,535 |
| Investment income | $42,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $173,237 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,523,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,861,282 |
| 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. | $803,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,029,518 |
| Pension plan accruals and contributions | $521,936 |
| Other employee benefits | $1,673,545 |
| Payroll taxes | $1,168,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,268 |
| Fees for services: Accounting | $66,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $387,137 |
| Advertising and promotion | $102,369 |
| Office expenses | $673,823 |
| Information technology | $155,454 |
| Royalties | $0 |
| Occupancy | $2,123,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,230 |
| Interest | $609,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,616,538 |
| Insurance | $569,863 |
| All other expenses | $430,812 |
| Total functional expenses | $22,119,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,693,470 |
| Savings and temporary cash investments | $202,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,823,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $523,245 |
| Prepaid expenses and deferred charges | $157,670 |
| Net Land, buildings, and equipment | $19,045,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,445,288 |
| Accounts payable and accrued expenses | $3,287,662 |
| Grants payable | $0 |
| Deferred revenue | $1,104,797 |
| 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 | $13,291,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,129,053 |
| Total liabilities | $21,812,720 |
| Net assets without donor restrictions | $2,066,118 |
| Net assets with donor restrictions | $566,450 |
| 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 | $24,445,288 |