University Club Of Milwaukee
- Assets
- $10.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 250
- Location
- Milwaukee, WI
- Founding
- 03/1942
- Data as of
- 02/2023
- EIN
- 39-0671450
Organization Overview
University Club Of Milwaukee is located in Milwaukee, WI. The organization was established in 1942. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 02/2023, University Club Of Milwaukee employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club Of Milwaukee is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, University Club Of Milwaukee generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $7.8m during the year ending 02/2023. While expenses have increased by 15.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY CLUB OF MILWAUKEE IS A PRIVATE CLUB WITH A FULL CONTINUUM OF OFFERINGS. THE CLUB IS COMMITTED TO MAINTAINING A HIGH STANDARD OF QUALITY IN ITS SERVICES AND EXPERIENCES FOR ALL MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE SERVICE, GOLF, TENNIS, AQUATIC ACTIVITIES, AND GOLF SIMULATOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Tolan President | OfficerTrustee | 1 | $0 |
Dan Aiello Vice President | OfficerTrustee | 1 | $0 |
James Caragher Secretary | OfficerTrustee | 1 | $0 |
James Orth Treasurer | OfficerTrustee | 1 | $0 |
Dan Heichel Advisory | Trustee | 1 | $0 |
James Greer Advisory | Trustee | 1 | $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 | $7,677,125 |
| Investment income | $0 |
| 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 | $70,490 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,764,873 |
| 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. | $98,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,537,489 |
| Pension plan accruals and contributions | $30,274 |
| Other employee benefits | $278,823 |
| Payroll taxes | $307,187 |
| 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 | $220,121 |
| Advertising and promotion | $64,193 |
| Office expenses | $69,629 |
| Information technology | $107,501 |
| Royalties | $0 |
| Occupancy | $656,733 |
| Travel | $10,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $699,546 |
| Insurance | $95,223 |
| All other expenses | $210,829 |
| Total functional expenses | $7,793,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,267,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $124,596 |
| Prepaid expenses and deferred charges | $177,388 |
| Net Land, buildings, and equipment | $8,165,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,506 |
| Total assets | $10,466,528 |
| Accounts payable and accrued expenses | $1,295,391 |
| Grants payable | $0 |
| Deferred revenue | $3,159,355 |
| 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 | $4,326,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,021 |
| Total liabilities | $8,878,311 |
| Net assets without donor restrictions | $0 |
| 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 | $1,588,217 |
| Total liabilities and net assets/fund balances | $10,466,528 |