Chicago Club
- Assets
- $23.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 97
- Location
- Chicago, IL
- Founding
- 10/1934
- Data as of
- 12/2021
- EIN
- 36-0898010
Organization Overview
Chicago Club is located in Chicago, IL. The organization was established in 1934. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Chicago Club employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Club 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 Club generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PREMIER CLUB IN THE CITY OF CHICAGO SERVING CHICAGO LEADERS BY PROVIDING A PRIVATE CLUB WITH OUTSTANDING DINING, SERVICE, AND CLUBHOUSE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SOCIAL CLUB PROVIDING DINING & CLUBHOUSE FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Spellman Ass't Sec/general Manager | Officer | 40 | $421,394 |
Nicholas Sutton Executive Chef | 40 | $126,120 | |
Jim Flynn Engineer | 40 | $110,939 | |
Thomas Guhr Engineer | 40 | $101,450 | |
Mary L Gorno Secretary | OfficerTrustee | 1 | $0 |
David R Casper Vice Presdient | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hub Insurance Insurance | 12/30/21 | $205,566 |
Chamber Consultant | 12/30/21 | $1,004,139 |
Special Events Outside Labor | 12/30/21 | $136,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,100,637 |
| 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 | $1,100,637 |
| Total Program Service Revenue | $4,146,214 |
| Investment income | $13,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,688 |
| Net Gain/Loss on Asset Sales | $44,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,516,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,965,290 |
| 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 | $2,165,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $772,979 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $866,555 |
| Insurance | $154,906 |
| All other expenses | $479,517 |
| Total functional expenses | $6,153,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $3,361,948 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $888,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $347,493 |
| Prepaid expenses and deferred charges | $9,197 |
| Net Land, buildings, and equipment | $17,242,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,294,716 |
| Total assets | $23,297,083 |
| Accounts payable and accrued expenses | $2,216,101 |
| Grants payable | $0 |
| Deferred revenue | $1,442,396 |
| 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 | $2,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,633,945 |
| Total liabilities | $7,542,442 |
| Net assets without donor restrictions | $14,791,724 |
| Net assets with donor restrictions | $962,917 |
| 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 | $23,297,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicago Club has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Joyce Foundation Chicago, IL PURPOSE: MISSION FUND | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |