University Club Of Chicago
- Assets
- $42.8m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 357
- Location
- Chicago, IL
- Founding
- 06/1941
- Data as of
- 09/2023
- EIN
- 36-1901470
Organization Overview
University Club Of Chicago is located in Chicago, IL. The organization was established in 1941. 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 09/2023, University Club Of Chicago employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University 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 09/2023, University Club Of Chicago generated $29.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $29.0m during the year ending 09/2023. While expenses have increased by 4.5% per year over the past 8 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
A PRIVATE SOCIAL & RECREATIONAL CLUB ESTABLISHED TO PROMOTE LITERATURE & ART, BY ESTABLISHING & MAINTAINING A LIBRARY, READING ROOM & GALLERY OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SOCIAL CLUB PROVIDING LIBRARY, READING ROOM, DINING, SLEEPING, AND ATHLETICS FACILITIES FOR THE BENEFITS OF THE MEMBERS. THE CLUB HAS APPROXIMATELY 3,377 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis J Harmon Jr President | OfficerTrustee | 3 | $0 |
Krisin M Soto Healey End 1122 President | OfficerTrustee | 3 | $0 |
Matthew D Tully Vice President | OfficerTrustee | 3 | $0 |
Bridget Baker End 1122 Vice President | OfficerTrustee | 3 | $0 |
Christopher T Vincent Treasurer | OfficerTrustee | 3 | $0 |
Edmund H Lester Assistant Treasurer | 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 | $17,671,258 |
| Investment income | $95,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,997 |
| 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 | $10,667,203 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,974,293 |
| 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. | $837,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,856,628 |
| Pension plan accruals and contributions | $659,462 |
| Other employee benefits | $2,771,171 |
| Payroll taxes | $1,405,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,438 |
| Fees for services: Accounting | $29,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,979 |
| Advertising and promotion | $0 |
| Office expenses | $63,903 |
| Information technology | $425,108 |
| Royalties | $0 |
| Occupancy | $810,429 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,519 |
| Interest | $568,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,700,826 |
| Insurance | $460,438 |
| All other expenses | $1,274,358 |
| Total functional expenses | $28,991,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,346,561 |
| Savings and temporary cash investments | $824,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,937,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $762,867 |
| Prepaid expenses and deferred charges | $649,743 |
| Net Land, buildings, and equipment | $29,928,615 |
| Investments—publicly traded securities | $1,661,513 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,689,530 |
| Total assets | $42,801,231 |
| Accounts payable and accrued expenses | $4,796,094 |
| Grants payable | $0 |
| Deferred revenue | $4,847,627 |
| 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 | $14,611,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,042,396 |
| Total liabilities | $27,297,192 |
| Net assets without donor restrictions | $15,504,039 |
| 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 | $42,801,231 |