University Club Of Chicago
- Assets
- $40.6m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 295
- Location
- Chicago, IL
- Founding
- 06/1941
- Data as of
- 09/2021
- 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 09/2021, University Club Of Chicago employed 295 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 09/2021, University Club Of Chicago generated $15.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $13.8m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 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
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 3,200 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Spidalette General Manager | Officer | 40 | $551,800 |
Donald N Cameron Jr Controller/cfo | Officer | 40 | $259,709 |
Mark S Baker Executive Chef | 40 | $239,615 | |
Martin Keane Chief Engineer | 40 | $178,646 | |
Rafat Alzein Assistant Executive Chef | 40 | $176,308 | |
Lychelle Lawrenz Director Of Catering | 40 | $163,435 |
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 | $11,111,434 |
| Investment income | $17,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,296 |
| 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 | $3,368,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,990,991 |
| 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. | $885,379 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,830,288 |
| Pension plan accruals and contributions | $190,878 |
| Other employee benefits | $2,006,362 |
| Payroll taxes | $714,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,416 |
| Fees for services: Accounting | $22,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,934 |
| Advertising and promotion | $0 |
| Office expenses | $62,023 |
| Information technology | $265,928 |
| Royalties | $0 |
| Occupancy | $663,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,857 |
| Interest | $515,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,805,414 |
| Insurance | $377,188 |
| All other expenses | $346,446 |
| Total functional expenses | $13,833,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,777,311 |
| Savings and temporary cash investments | $744,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,167,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $525,902 |
| Prepaid expenses and deferred charges | $524,658 |
| Net Land, buildings, and equipment | $31,009,498 |
| Investments—publicly traded securities | $1,753,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,056,208 |
| Total assets | $40,558,650 |
| Accounts payable and accrued expenses | $2,998,757 |
| Grants payable | $0 |
| Deferred revenue | $3,199,512 |
| 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 | $17,084,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,170,968 |
| Total liabilities | $25,453,812 |
| Net assets without donor restrictions | $15,104,838 |
| 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 | $40,558,650 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Club Of Chicago has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Stone Barrett Foundation Chicago, IL PURPOSE: UNRESTRICTED | $250 |
Stone Barrett Foundation Chicago, IL PURPOSE: UNRESTRICTED | $250 |
Stone Barrett Foundation Chicago, IL PURPOSE: UNRESTRICTED | $250 |
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 |