2022-11-14T11:59:22-06:00 2021-12-31 420714325 RSM US LLP 1555 PALM BEACH LAKES BLVD SUITE 700 WEST PALM BEACH FL 33401 990 2021-01-01 360898010 THE CHICAGO CLUB CHIC 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 DANIEL MORIYAMA GENERAL MANAGER 3124271825 2022-11-08 1 DANIEL MORIYAMA 999009999 CHRISTOPHER CECIL P01877773 5616971785 2022-11-08 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHARLES W DOUGLAS 81 EAST VAN BUREN ST CHICAGO IL 60605 7942120 0 X WWW.THECHICAGOCLUB.ORG X 1869 IL THE PREMIER CLUB IN THE CITY OF CHICAGO SERVING CHICAGO LEADERS BY PROVIDING A PRIVATE CLUB WITH OUTSTANDING DINING, SERVICE, AND CLUBHOUSE FACILITIES. 11 11 97 11 339686 118942 1567568 1100637 4563423 4146214 36644 58112 491285 1660327 6658920 6965290 0 0 0 0 3236810 2938075 0 0 0 2509070 3215522 5745880 6153597 913040 811693 20356855 23297083 8439066 7542442 11917789 15754641 THE CHICAGO CLUB IS AND SHALL CONTINUE TO BE THE PREMIER CLUB IN THE CITY OF CHICAGO, SERVING THE BUSINESS, CIVIC, EDUCATIONAL, AND PHILANTHROPIC LEADERS, AND THEIR FAMILIES, BY PROVIDING A PRIVATE CLUB WITH OUTSTANDING DINING, SERVICE, AND CLUBHOUSE FACILITIES. 0 0 PRIVATE SOCIAL CLUB PROVIDING DINING & CLUBHOUSE FACILITIES FOR THE BENEFIT OF ITS MEMBERS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 90 0 1 97 1 1 1 0 0 0 0 0 214327 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LINDA HOLMES 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 LARRY RICHMAN PRESIDENT 1.00 X X 0 0 0 DAVID R CASPER VICE PRESDIENT 1.00 X X 0 0 0 MARY L GORNO SECRETARY 1.00 X X 0 0 0 ANDREW J MCKENNA TREASURER 1.00 X X 0 0 0 KATE BENSEN DIRECTOR 1.00 X 0 0 0 CHARLES BORBRINSKOY DIRECTOR 1.00 X 0 0 0 JOHN A CANNING DIRECTOR 1.00 X 0 0 0 MICHELLE L COLLINS DIRECTOR 1.00 X 0 0 0 THEODORE L DYSART DIRECTOR 1.00 X 0 0 0 BRETT J HARTT DIRECTOR 1.00 X 0 0 0 LYLE LOGAN DIRECTOR 1.00 X 0 0 0 THOMAS P SPELLMAN ASS'T SEC/GENERAL MANAGER 40.00 X 421394 0 8148 JIM FLYNN ENGINEER 40.00 X 110939 0 19175 THOMAS GUHR ENGINEER 40.00 X 101450 0 14689 NICHOLAS SUTTON EXECUTIVE CHEF 40.00 X 126120 0 30201 759903 0 72213 4 0 1 0 CHAMBER 1800 WASHINGTON BLVD BALTIMORE MD 21230 CONSULTANT 1004139 HUB INSURANCE 15174 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INSURANCE 205566 SPECIAL EVENTS 1124 N THORNDALE CHICAGO IL 60660 OUTSIDE LABOR 136804 3 1100637 1100637 MEMBERSHIP DUES 713910 3850727 3850727 OVERNIGHT ROOMS 713910 295487 156861 138626 4146214 13571 13571 199101 118413 80688 80688 80688 126717 82176 44541 44541 44541 2292842 776241 1516601 1490341 26260 MANAGEMENT FEES 713910 36000 36000 OTHER INCOME 713910 27038 27038 63038 6965290 5524967 339686 0 2165096 772979 68305 866555 154906 MAINTENANCE & UTLITIES 597787 ADMINISTRATIVE & GENERA 361207 FOOD & BEVERAGE 357256 PENSION EXPENSE 329989 479517 6153597 3000 3000 4452051 3361948 150000 150000 617003 888252 223651 347493 18189 9197 40664794 23422317 14357374 17242477 535587 1294716 20356855 23297083 1613497 2216101 1281479 1442396 2250000 2250000 3294090 1633945 8439066 7542442 X 11065206 14791724 852583 962917 11917789 15754641 20356855 23297083 X 811693 3025159 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768397 768397 24198929 14513915 9685014 12124167 8908402 3215765 3573301 3573301 17242477 INVESTMENTS HELD FOR DEFERRED COMPENSATION 480799 BOARD DESIGNATED FUNDS 813917 1294716 DEFERRED COMPENSATION PLAN 480794 ACCRUED PENSION COST 1153151 1633945 X 7859944 0 7859944 -894654 -894654 6965290 7048251 894654 894654 6153597 0 6153597 PART X, LINE 2: THE CLUB IS A PRIVATE MEMBERSHIP CLUB AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE. UNDER THIS SECTION, UNRELATED BUSINESS INCOME AND INVESTMENT INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. ASC 740-10, "ACCOUNTING FOR UNCERTAINITY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -776,241. RENTAL EXPENSES -118,413. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 776,241. RENTAL EXPENSES 118,413. X X 0 0 0 THOMAS P SPELLMAN ASS'T SEC/GENERAL MANAGER 371394 0 50000 0 0 0 0 0 8148 0 429542 0 0 0 NICHOLAS SUTTON EXECUTIVE CHEF 120220 0 5900 0 0 0 0 0 30201 0 156321 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ALL RESIDENT REGULAR MEMBERS, ASSOCIATE MEMBERS, SENIOR MEMBERS, AND RETIRED MEMBERS MAY BE ELIGIBLE TO VOTE AT OFFICIAL CLUB MEETINGS. ALL NON-RESIDENT REGULAR MEMBERS, ASSOCIATE MEMBERS, SENIOR MEMBERS, SURVIVING SPOUSE MEMBERS, UNITED STATES FEDERAL GOVERNMENT MEMBERS, FOREIGN CONSULATE MEMBERS, AND DISTINGUISHED SERVICE MEMBERS DO NOT HAVE VOTING PRIVILEGES. TO BE ELIGIBLE TO VOTE, MEMBERS MUST BE CURRENT IN ALL OF THEIR CLUB OBLIGATIONS. MEMBERS THAT ARE DELINQUENT ON THEIR CLUB OBLIGATIONS MAY NOT VOTE AT OFFICIAL CLUB MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A ALL RESIDENT REGULAR MEMBERS, ASSOCIATE MEMBERS, SENIOR MEMBERS, AND RETIRED MEMBERS MAY BE ELIGIBLE TO VOTE AT OFFICIAL CLUB MEETINGS. ALL NON-RESIDENT REGULAR MEMBERS, ASSOCIATE MEMBERS, SENIOR MEMBERS, SURVIVING SPOUSE MEMBERS, UNITED STATES FEDERAL GOVERNMENT MEMBERS, FOREIGN CONSULATE MEMBERS, AND DISTINGUISHED SERVICE MEMBERS DO NOT HAVE VOTING PRIVILEGES. TO BE ELIGIBLE TO VOTE, MEMBERS MUST BE CURRENT IN ALL OF THEIR CLUB OBLIGATIONS. MEMBERS THAT ARE DELINQUENT ON THEIR CLUB OBLIGATIONS MAY NOT VOTE AT OFFICIAL CLUB MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, BDO USA, LLP AND IS REVIEWED BY THE ORGANIZATION'S TREASURER. BEFORE FILING, A COPY OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR REVIEW, QUESTIONS, AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND GENERAL MANAGERS OF THE CLUB ARE REQUIRED TO SIGN DISCLOSURE STATEMENTS EACH YEAR ACKNOWLEDGING INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USES A COMPENSATION SURVEY OR STUDY TO DETERMINE THE COMPENSATION OF THE GENERAL MANAGER, AND THE GENERAL MANAGER'S COMPENSATION IS THEN APPROVED BY THE BOARD. THE GENERAL MANAGER IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THE FINANCIAL STATEMENTS ARE POSTED ON THE CLUB'S WEBSITE AND FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INITIATION CONTRIBUTIONS 820,000. CAPITAL ASSESSMENT 625,274. CHANGE IN ADDITIONAL NET PENSION LIABILITY 1,469,551. CONTRIBUTION REVENUE WITH DONOR RESTRICTIONS 110,334. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. THE CHICAGO CLUB PRESERVATION FOUNDATION 81 EAST VAN BUREN ST CHICAGO IL 60605 371539642 PRESERVATION IL 501(C)(3) LINE 7 THE CHICAGO CLUB 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE CHICAGO CLUB PRESERVATION FOUNDATION C 1135637 FMV