2020-06-08T14:43:59-05:00 2019-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2019-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 East Van Buren St Chicago IL 60605 THOMAS P SPELLMAN GENERAL MANAGER 3124721825 2020-06-04 true Jacob Cook P01240455 3128569100 68.39.158.154 36189620201605000010 2020-06-08 P 5A87CDB628F42FEBEB468B67B291677CC8A0A888 5A87CDB628F42FEBEB468B67B291677CC8A0A888 2019 2020-09-23 17:36:50Z David R Casper 81 East Van Buren St CHICAGO IL 60605 9354919 false 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 11 112 11 633174 191365 0 0 6345524 6868164 61855 40935 1677704 1480865 8085083 8389964 0 0 0 0 4188092 4101424 0 0 0 3224703 3156278 7412795 7257702 672288 1132262 18708167 19629837 7846137 7990066 10862030 11639771 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. false false PRIVATE SOCIAL CLUB PROVIDING DINING & CLUBHOUSE FACILITIES FOR THE BENEFIT OF ITS MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 86 0 true 112 true true true false false false false 1119543 461823 false false false X 11 11 false false false false true true false true true false false true true true true true true true true false X LINDA HOLMES 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 Thomas P Spellman Ass't Sec/General Mgr 40.0 0.0 X 387459 0 13508 Nicholas Sutton Executive Chef 40.0 0.0 X 126500 0 18759 Jim Flynn Engineer 40.0 0.0 X 110392 0 10997 David R Casper President 1.0 0.0 X X 0 0 0 Larry D Richman Vice President 1.0 0.0 X X 0 0 0 Charles W Douglas Treasurer 1.0 0.0 X X 0 0 0 John A Challenger Secretary 1.0 0.0 X X 0 0 0 Kate Bensen Director 1.0 0.0 X 0 0 0 Charles K Bobrinskoy Director 1.0 0.0 X 0 0 0 John A Canning Jr Director 1.0 0.0 X 0 0 0 Theodore L Dysart Director 1.0 0.0 X 0 0 0 Mary L Gorno Director 1.0 0.0 X 0 0 0 Lyle Logan Director 1.0 0.0 X 0 0 0 Andrew J McKenna Director 1.0 0.0 X 0 0 0 624351 0 43264 3 false true false Chambers 1800 W Washington Blvd Suite 111 BALTIMORE MD 21230 Consulting 453508 AMS Mechanical System 9341 Adam Don Pkwy WOODRIDGE IL 60517 Replace Boiler Sys 180683 Special Events 1124 W Thorndale Avenue CHICAGO IL 60660 Outside Labor 170688 Alford Group 100 N LaSalle St CHICAGO IL 60602 Consulting 115896 4 0 MEMBERSHIP DUES 713910 3988921 3988921 FOOD & BEVERAGE DEPARTMENT 713910 1108648 1108648 CAPITAL ASSESSMENT 713910 636793 636793 OVERNIGHT ROOMS 713910 630149 267956 362193 INITIATION FEES 713910 482750 482750 20903 20903 6868164 17653 17653 0 0 262486 110556 151930 0 151930 151930 202099 4231 183048 19051 4231 23282 23282 0 0 0 0 0 0 2000286 671351 1328935 1250819 78116 0 8389964 7756790 633174 0 0 0 0 400967 0 2422814 245830 817838 213975 0 0 258338 0 0 500 175888 4321 84386 91562 0 579884 0 0 15039 180081 0 861859 179500 EQUIPMENT RENTAL & MAINTENANCE 252149 SUPPLIES 134186 UNIFORMS AND LAUNDRY 114161 INCOME TAX EXPENSE 63900 160524 7257702 3000 3000 3296196 3649550 0 0 615134 706897 0 0 0 0 0 0 236367 253555 31882 21015 36062642 21678320 13899678 14384322 0 0 0 0 0 0 0 0 625910 611498 18708167 19629837 1202839 1371133 0 0 1322441 1333481 0 0 0 0 0 0 2702768 2490390 0 0 2618089 2795062 7846137 7990066 X 10862030 11639771 0 0 10862030 11639771 18708167 19629837 X 1132262 -354521 X false true X true false 768397 768397 2906787 2906787 22721633 13207403 9514230 9665825 8470917 1194908 14384322 0 DEFERRED COMPENSATION PLAN 661433 ACCRUED POSTRETIREMENT BENEFIT 17370 ACCRUED PENSION COST 2116259 2795062 X 8665859 -354521 -354521 9020380 -630416 -630416 8389964 7615467 357765 357765 7257702 7257702 SCHEDULE D, PART X, LINE 2, FIN 48 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. SCHEDULE D, PART XI, LINE 2d Decrease in Additional Net Pension & Post Retirement: $(356,532) Unrealized Gain on Interest Rate Swap: $2,011 Total: $(354,521) SCHEDULE D, PART XI, LINE 4b Cost of Goods Sold: $(671,351) Interest Income: $40,935 Total: $(626,549) SCHEDULE D, PART XII, LINE 2d Cost of Goods Sold: $671,351 Decrease in Additional Net Pension & Post Retirement: $(356,532) Interest Income: $40,935 Unrealized Gain on Interest Rate Swap: $2,011 Total: $357,765 X X false false false Thomas P Spellman Ass't Sec/General Mgr 337459 0 50000 0 0 0 0 0 13508 0 400967 0 0 0 FORM 990, PART VI, SECTION A, LINES 6 & 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, LINES 15A & 15B 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, SECTION C, PART VI, 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 Decrease in Additional Net Pension & Postretirement Liability $(356,532) UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT $2,011 total: $(354,521)