Chicago Summer Resort Company
- Assets
- $1.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Charlevoix, MI
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 38-2985492
Organization Overview
Chicago Summer Resort Company is located in Charlevoix, MI. The organization was established in 1993. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Chicago Summer Resort Company employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Summer Resort Company is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Chicago Summer Resort Company generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB AND SUMMER RESORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SOCIAL AND RECREATIONAL SERVICES TO CLUB MEMBERS AND THEIR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Anderson Club Manager | Officer | 40 | $90,731 |
Jerome Esselman President | OfficerTrustee | 1 | $0 |
Dorothy Holmes Vice President | OfficerTrustee | 1 | $0 |
James C Holmes Jr Treasurer | OfficerTrustee | 1 | $0 |
David Gray Secretary | OfficerTrustee | 1 | $0 |
William A Powel III Vice Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,035,626 |
| 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 | $1,035,626 |
| Total Program Service Revenue | $0 |
| Investment income | $600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,226 |
| 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. | $90,731 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,047 |
| Payroll taxes | $26,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $415,271 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,966 |
| Insurance | $5,534 |
| All other expenses | $17,969 |
| Total functional expenses | $1,003,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,917 |
| Savings and temporary cash investments | $731,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,226 |
| 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 | $23,022 |
| Net Land, buildings, and equipment | $1,050,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,244 |
| Total assets | $1,907,953 |
| Accounts payable and accrued expenses | $78,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $78,926 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,128,910 |
| Retained earnings, endowment, accumulated income, or other funds | $687,317 |
| Total liabilities and net assets/fund balances | $1,907,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Tiffin Theatre Inc Tiffin, OH | $2,679,846 | $1,395,141 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Chicago Summer Resort Company Charlevoix, MI | $1,907,953 | $1,036,226 |
Canton Palace Theater Association Canton, OH | $2,184,067 | $959,253 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
Lorain Civic Center Committee Inc Lorain, OH | $2,570,344 | $1,085,093 |
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International Violin Competition Of Indianapolis Inc Indianapolis, IN | $1,812,080 | $819,704 |
Living Arts Detroit, MI | $1,448,129 | $804,316 |
Indiana Ballet Conservatory Inc Carmel, IN | $193,640 | $651,465 |
Safy Holding Company Inc Delphos, OH | $730,781 | $431,550 |