Union League Club Of Chicago
- Assets
- $26.7m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 216
- Location
- Chicago, IL
- Founding
- 10/1922
- Data as of
- 04/2022
- EIN
- 36-1893300
Organization Overview
Union League Club Of Chicago is located in Chicago, IL. The organization was established in 1922. 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 04/2022, Union League Club Of Chicago employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union League Club 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 04/2022, Union League Club Of Chicago generated $20.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $16.5m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
THE UNION LEAGUE CLUB OF CHICAGO PROVIDES A UNIQUE OPPORTUNITY FOR ITS MEMBERS TO PARTICIPATE AS A LEADER IN PROMOTING CIVIC, PHILANTHROPIC, & CULTURAL MATTERS OF COMMON INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Tunney General Manager | Officer | 60 | $492,510 |
Deborah K Fogel Chief Financial Officer | Officer | 60 | $279,695 |
Michael Ponzio Executive Chef | 60 | $214,223 | |
Zakaria Dich Asst. Gm Of Food & Beverage | 60 | $213,969 | |
John I Donnelly President | OfficerTrustee | 3 | $0 |
Thomas F Karaba Ist Vice President | OfficerTrustee | 3 | $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 | $7,820,385 |
| Investment income | $763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $118,424 |
| Net Gain/Loss on Asset Sales | $3,485,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,553,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,158,030 |
| 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. | $868,511 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,890,332 |
| Pension plan accruals and contributions | $422,687 |
| Other employee benefits | $1,300,828 |
| Payroll taxes | $749,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,600 |
| Fees for services: Accounting | $47,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $359,204 |
| Advertising and promotion | $83,204 |
| Office expenses | $425,164 |
| Information technology | $158,913 |
| Royalties | $0 |
| Occupancy | $1,554,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,454 |
| Interest | $247,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,691,061 |
| Insurance | $287,527 |
| All other expenses | $284,549 |
| Total functional expenses | $16,455,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,022,118 |
| Savings and temporary cash investments | $97,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,088,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $519,013 |
| Prepaid expenses and deferred charges | $94,187 |
| Net Land, buildings, and equipment | $19,927,916 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,749,429 |
| Accounts payable and accrued expenses | $3,501,470 |
| Grants payable | $0 |
| Deferred revenue | $1,078,150 |
| 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 | $13,843,031 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,761,610 |
| Total liabilities | $23,184,261 |
| Net assets without donor restrictions | $3,015,358 |
| Net assets with donor restrictions | $549,810 |
| 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 | $26,749,429 |
Endowment Analysis
| Beg. Balance | $531,100 |
| Earnings | $18,710 |
| Ending Balance | $549,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zeta Tau Alpha Fraternity Carmel, IN | $13,572,932 | $39,083,661 |
Medinah Country Club Medinah, IL | $51,813,196 | $25,838,666 |
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 |