Saddle And Cycle Club
- Assets
- $18.0m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1944
- Data as of
- 12/2023
- EIN
- 36-1720250
Organization Overview
Saddle And Cycle Club is located in Chicago, IL. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saddle And Cycle Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Saddle And Cycle Club generated $10.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
OPERATING A PRIVATE SOCIAL CLUB THROUGH APPROPRIATE GROUNDS AND BUILDINGS FOR SOCIAL AND RECREATIONAL BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Holleb President | OfficerTrustee | 15 | $0 |
Mike Gallagher Vice - President | OfficerTrustee | 10 | $0 |
Mark Cozzi Treasurer | OfficerTrustee | 10 | $0 |
Elizabeth Mccarthy Secretary | OfficerTrustee | 10 | $0 |
Steven Prassas Board Member | OfficerTrustee | 10 | $0 |
Meghan Archibald Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Em National Event Services Event Services | 12/30/23 | $301,212 |
Sos Intermediate Holdings Llc Financial Services | 12/30/23 | $217,486 |
Mcmahon Group Private Club Consultants | 12/30/23 | $132,901 |
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 | $5,242,974 |
| Investment income | $67,415 |
| 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 | $5,035,353 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,345,742 |
| 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. | $221,243 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,413,084 |
| Pension plan accruals and contributions | $58,818 |
| Other employee benefits | $219,565 |
| Payroll taxes | $513,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,912 |
| Advertising and promotion | $0 |
| Office expenses | $304,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $769,174 |
| 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 | $738,000 |
| Insurance | $232,400 |
| All other expenses | $722,447 |
| Total functional expenses | $10,390,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,281,406 |
| Savings and temporary cash investments | $2,914,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $192,945 |
| Prepaid expenses and deferred charges | $204,929 |
| Net Land, buildings, and equipment | $11,824,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,959,425 |
| Accounts payable and accrued expenses | $1,618,450 |
| Grants payable | $0 |
| Deferred revenue | $217,081 |
| 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 | $1,835,531 |
| Net assets without donor restrictions | $16,123,894 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $17,959,425 |