Fortnightly Of Chicago
- Assets
- $6.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Chicago, IL
- Founding
- 01/1926
- Data as of
- 05/2022
- EIN
- 36-2009206
Organization Overview
Fortnightly Of Chicago is located in Chicago, IL. The organization was established in 1926. 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 05/2022, Fortnightly Of Chicago employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fortnightly 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 05/2022, Fortnightly Of Chicago generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE, PROGRAM SERVICES AND CLUBHOUSE OPERATION SERVICES PROVIDED TO ITS MEMBERSHIP. THE HOUSE IS AVAILABLE TO ALL CLASSES OF MEMBERSHIP.
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 |
|---|---|---|---|
Allison Johnson General Manager | 40 | $192,617 | |
Jane Ward Corr Secretary | OfficerTrustee | 4 | $0 |
Roberta Zabel 1st Vice Pres | OfficerTrustee | 4 | $0 |
Nancy O'brien Dorr President | OfficerTrustee | 4 | $0 |
Catherine Arias 2nd Vice Pres | OfficerTrustee | 4 | $0 |
Carla Funk 3rd Vice Pres | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,325 |
| Total Program Service Revenue | $1,038,473 |
| Investment income | $46,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,563 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,151,713 |
| 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. | $162,073 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,255 |
| Pension plan accruals and contributions | $3,866 |
| Other employee benefits | $25,897 |
| Payroll taxes | $28,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,924 |
| Fees for services: Accounting | $46,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,977 |
| Fees for services: Other | $21,220 |
| Advertising and promotion | $0 |
| Office expenses | $23,413 |
| Information technology | $5,409 |
| Royalties | $0 |
| Occupancy | $198,338 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,704 |
| Insurance | $22,909 |
| All other expenses | $13,660 |
| Total functional expenses | $1,180,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,151 |
| Savings and temporary cash investments | $119,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $902,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,084 |
| Prepaid expenses and deferred charges | $78,825 |
| Net Land, buildings, and equipment | $2,729,709 |
| Investments—publicly traded securities | $2,405,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,800,122 |
| Accounts payable and accrued expenses | $201,917 |
| Grants payable | $0 |
| Deferred revenue | $861,024 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,062,941 |
| Net assets without donor restrictions | $5,725,387 |
| Net assets with donor restrictions | $11,794 |
| 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 | $6,800,122 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fortnightly Of Chicago has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Sonja & Conrad Fischer Foundation Charitable Trust Utad 122690 Winnetka, IL PURPOSE: GENERAL PURPOSE | $2,000 |
Endowment Analysis
| Beg. Balance | $760,276 |
| Earnings | -$56,834 |
| Net Contributions | $4,434 |
| Other Expense | $39,292 |
| Ending Balance | $668,584 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |