THE ECONOMIC CLUB OF CHICAGO: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: THE ECONOMIC CLUB OF CHICAGO (EIN 30-0748997)
Tax period: 2017-07-01 to 2018-06-30
Filed: 2019-01-30
IRS object ID: 201920309349300312
Schema version: 2017v2.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-01-30T13:00:07-06:00	ReturnTs
Tax Period End	2018-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	300748997	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Economic Club of Chicago	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ECON	BusinessNameControlTxt
Phone	3127261628	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	33 N Dearborn St 1700	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60602	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DONNA F ZARCONE	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Signature	2019-01-30	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	NICOLE BENCIK	PreparerPersonNm
PTIN	P00756195	PTIN
Phone	3128997000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DONNA F ZARCONE	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	33 N Dearborn St 1700	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60602	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,078,979	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ECONCLUBCHI.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or Mission	The Economic Club of Chicago fosters meaningful connections among Chicago leaders to encourage dialogue on important economic and social issues and to cultivate the next generation of civic leadership.	ActivityOrMissionDesc
Voting Members Governing Body	47	VotingMembersGoverningBodyCnt
Voting Members Independent	46	VotingMembersIndependentCnt
Total Employee	15	TotalEmployeeCnt
Total Volunteers	266	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$4,892	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$3,350,793	PYProgramServiceRevenueAmt
CY Program Service Revenue	$3,939,359	CYProgramServiceRevenueAmt
PY Investment Income	$151,009	PYInvestmentIncomeAmt
CY Investment Income	$122,756	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$3,501,802	PYTotalRevenueAmt
CY Total Revenue	$4,062,115	CYTotalRevenueAmt
CY Grants And Similar Paid	$2,120	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,504,665	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,699,837	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,994,300	PYOtherExpensesAmt
CY Other Expenses	$2,223,261	CYOtherExpensesAmt
PY Total Expenses	$3,498,965	PYTotalExpensesAmt
CY Total Expenses	$3,925,218	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,837	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$136,897	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,353,375	TotalAssetsBOYAmt
Total Assets EOY	$6,648,725	TotalAssetsEOYAmt
Total Liabilities BOY	$2,541,312	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,455,906	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,812,063	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,192,819	NetAssetsOrFundBalancesEOYAmt
Mission	The Economic Club of Chicago fosters meaningful connections among Chicago leaders to encourage dialogue on important economic and social issues and to cultivate the next generation of civic leadership.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$3,469,372	ExpenseAmt
Grant	$2,120	GrantAmt
Revenue	$3,939,359	RevenueAmt
Desc	THE ECONOMIC CLUB OF CHICAGO HELD THIRTY FOUR EDUCATIONAL PROGRAMS DURING THE 2017-2018 PROGRAM YEAR. TOTAL ATTENDANCE AT THESE PROGRAMS WAS 10,434 MEMBERS AND GUESTS, AND VIDEOS OF THESE PROGRAMS ARE POSTED ON THE CLUB'S YOUTUBE CHANNEL FOR VIEWING BY THE GENERAL PUBLIC. THESE EDUCATIONAL PROGRAMS INCLUDED CONVERSATIONS WITH ACCLAIMED AUTHORS, ENTREPRENEURS, GOVERNMENT OFFICIALS, AND CEOS OF PUBLIC AND PRIVATE COMPANIES. SELECTED SPEAKERS FROM THE 2017-2018 FISCAL YEAR INCLUDED MARY DILLON, CEO OF ULTA BEAUTY, GERARD BAKER, EDITOR-IN-CHIEF OF THE WALL STREET JOURNAL, JAMIE DIMON, CHAIRMAN & CEO OF JPMORGAN CHASE & CO, THE HONORABLE BARACK OBAMA, 44TH PRESIDENT OF THE UNITED STATES OF AMERICA, LAURENCE D. FINK, CHAIRMAN & CEO OF BLACKROCK, AND THE HONORABLE JEROME H. POWELL, CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.	Desc
Total Program Service Expenses	$3,469,372	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	12	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	15	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	Yes (true)	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	47	GoverningBodyVotingMembersCnt
Independent Voting Member	46	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DONNA F ZARCONE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3127261628	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	33 N Dearborn St Suite 1700	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60602	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MELLODY HOBSON
CHAIR	2.0	Yes (X)	Yes (X)	$0	$0	$0
REEVE B WAUD
FIRST VICE CHAIR, PROGRAMS	1.0	Yes (X)	Yes (X)	$0	$0	$0
ELIZABETH HARTIGAN CONNELLY
SECOND VICE CHAIR, FORUMS	1.0	Yes (X)	Yes (X)	$0	$0	$0
JAMES P KOLAR
TREASURER	2.0	Yes (X)	Yes (X)	$0	$0	$0
SHERIDAN TURNER
SECRETARY	1.0	Yes (X)	Yes (X)	$0	$0	$0
DONNA F ZARCONE
PRESIDENT AND CEO	40.0	Yes (X)	Yes (X)	$449,550	$0	$12,559
SUZANNE S BETTMAN
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
Sally Blount
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
GREGORY BROWN
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
DEBRA CAFARO
BOARD & EXECUTIVE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
KEITH CARDOZA
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
John Challenger
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
SEAN CONNOLLY
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
JAMES DEZELLAR
BOARD & FINANCE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
MARY DILLON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
THEODORE L DYSART
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
CHARLES L EVANS
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
BRIAN D FABES
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
MARGO GEORGIADIS
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
JEANNE GANG
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
DEAN HARRISON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
JACK HARTMAN
BOARD & FINANCE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
GAVIN HATTERSLEY
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
KYM MARIE HUBBARD
BOARD & FINANCE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
MICHAEL C KRAUSS
BOARD & EXECUTIVE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
ANIL KUMAR
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
PHYLLIS LOCKETT
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
ROBERT A LIVINGSTON
BOARD & EXECUTIVE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
JUAN R LUCIANO
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
PATRICK M MAGOON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
ROXANNE M MARTINO
BOARD & EXECUTIVE COMMITTEE MEMBER	0.2	Yes (X)		$0	$0	$0
OSCAR MUNOZ
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
MARTIN NESBITT
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
ANNE PRAMAGGIORE
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
MICHAEL REINSDORF
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
JAMES REYNOLDS
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
DESIREE ROGERS
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
MANUEL SANCHEZ
BOARD & EXECUTIVE COMMITTEE MEMBER	1.0	Yes (X)		$0	$0	$0
SCOTT SANTI
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
ALEJANDRO SILVA
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
GREG D SMITH
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
TED SOUDER
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
DONALD THOMPSON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
GLENN TILTON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
MICHAEL J WALKER
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
GREGORY D WASSON
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
ANDREA L ZOPP
BOARD MEMBER	0.2	Yes (X)		$0	$0	$0
KATIE ESPOSITO
DIRECTOR OF PROGRAMS	40.0			$124,921	$0	$13,742	Yes (X)
Andrew M Leasure
DIRECTOR OF FINANCE & ADMINISTRATION	40.0			$110,056	$0	$13,124	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$684,527	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$39,425	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Total Contributions	$0	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES	900099	$2,416,114	$2,416,114
PROGRAMS & EVENTS	900099	$1,523,245	$1,523,245

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$3,939,359	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$122,756	TotalRevenueColumnAmt
Exclusion	$122,756	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$16,864	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$16,864	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$0	OtherAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,062,115	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,939,359	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$122,756	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$2,120	TotalAmt
Program Services	$2,120	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$457,320	TotalAmt
Program Services	$399,576	ProgramServicesAmt
Management And General	$57,744	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$899,384	TotalAmt
Program Services	$785,822	ProgramServicesAmt
Management And General	$113,562	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$176,628	TotalAmt
Program Services	$42,218	ProgramServicesAmt
Management And General	$134,410	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$92,343	TotalAmt
Program Services	$80,683	ProgramServicesAmt
Management And General	$11,660	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$74,162	TotalAmt
Program Services	$64,798	ProgramServicesAmt
Management And General	$9,364	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$31,365	TotalAmt
Management And General	$31,365	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$16,864	TotalAmt
Management And General	$16,864	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$90,814	TotalAmt
Program Services	$81,509	ProgramServicesAmt
Management And General	$9,305	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$197,749	TotalAmt
Program Services	$185,464	ProgramServicesAmt
Management And General	$12,285	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$56,452	TotalAmt
Program Services	$49,324	ProgramServicesAmt
Management And General	$7,128	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$172,840	TotalAmt
Program Services	$150,371	ProgramServicesAmt
Management And General	$22,469	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$10,072	TotalAmt
Program Services	$9,707	ProgramServicesAmt
Management And General	$365	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$15,333	TotalAmt
Program Services	$13,129	ProgramServicesAmt
Management And General	$2,204	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$144,135	TotalAmt
Program Services	$125,397	ProgramServicesAmt
Management And General	$18,738	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,704	TotalAmt
Program Services	$7,269	ProgramServicesAmt
Management And General	$7,435	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
MEALS	$1,128,363	$1,127,774	$589
PROGRAM FACILITY & AV	$344,570	$344,211	$359

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,925,218	TotalAmt
Program Services	$3,469,372	ProgramServicesAmt
Management And General	$455,846	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$433,123	BOYAmt
EOY	$518,367	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$14,096	BOYAmt
EOY	$23,695	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$96,211	BOYAmt
EOY	$54,102	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,125,621	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$395,753	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$837,003	BOYAmt
EOY	$729,868	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$4,972,942	BOYAmt
EOY	$5,322,693	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,353,375	BOYAmt
EOY	$6,648,725	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$954,798	BOYAmt
EOY	$908,868	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,586,514	BOYAmt
EOY	$1,547,038	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,541,312	BOYAmt
EOY	$2,455,906	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,812,063	BOYAmt
EOY	$4,192,819	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,812,063	BOYAmt
EOY	$4,192,819	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,353,375	BOYAmt
EOY	$6,648,725	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$136,897	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$243,859	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,846,750	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,110,084	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,104,045	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,416,114	CurrentTaxYearAmt
Total	$8,476,993	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,131,935	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$982,278	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,246,748	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,523,245	CurrentTaxYearAmt
Total	$4,884,206	TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,978,685	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,092,362	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,350,793	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,939,359	CurrentTaxYearAmt
Total	$13,361,199	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$13,361,199	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$166,676	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$150,865	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$150,467	CurrentTaxYearMinus1YearAmt
Current Tax Year	$122,756	CurrentTaxYearAmt
Total	$590,764	TotalAmt

Post1975 UBTI Post1975UBTIGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$166,676	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$150,865	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$150,467	CurrentTaxYearMinus1YearAmt
Current Tax Year	$122,756	CurrentTaxYearAmt
Total	$590,764	TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,145,361	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,243,227	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,501,260	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,062,115	CurrentTaxYearAmt
Total	$13,951,963	TotalAmt

Field	Value	IRS element (for citing)
First5 Years509	Yes (X)	First5Years509Ind

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$605,774	OtherCostOrOtherBasisAmt
Depreciation	$116,107	DepreciationAmt
Book Value	$489,667	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$240,866	OtherCostOrOtherBasisAmt
Depreciation	$107,142	DepreciationAmt
Book Value	$133,724	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$278,981	OtherCostOrOtherBasisAmt
Depreciation	$172,504	DepreciationAmt
Book Value	$106,477	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$729,868	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED COMPENSATION FOR RETIRED PRESIDENT	Desc
Amt	$1,547,038	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,547,038	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$4,384,011	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$243,859	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$78,037	DonatedServicesAndUseFcltsAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$321,896	RevenueNotReportedAmt
Revenue Subtotal	$4,062,115	RevenueSubtotalAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$4,062,115	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$4,003,255	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$78,037	DonatedServicesUseFcltsAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$78,037	ExpensesNotReportedAmt
Expenses Subtotal	$3,925,218	ExpensesSubtotalAmt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,925,218	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule D, Part X Deferred Compensation Agreement

The Club originally entered into a deferred compensation agreement with the Retired President in January of 1998. The liability reflects the contractual obligations under that agreement including amendments thereto. The Club currently has a qualified 401(k) plan available to all employees and has not offered (and has no plans to offer) other retirement plans to any employee.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Club (an Illinois not-for-profit corporation) is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) and applicable state law. Accordingly, no provision for such taxes has been recognized in these financial statements. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Club may recognize the tax benefit from an uncertain tax position only if it is more than likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax exempt status of the Club and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2018 and 2017, there were no unrecognized tax benefits or liabilities identified. The Club files Form 990 in the U.S. federal jurisdiction. Due to its tax-exempt status the Club is not subject to U.S. federal income tax or state income tax. The Club does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Club recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Club did not have any amounts accrued for penalties or interest at June 30, 2018 and 2017.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DONNA F ZARCONE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Title	PRESIDENT AND CEO	TitleTxt
Base Compensation Filing Org	$375,550	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$74,000	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,800	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$1,759	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$462,109	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, Line 6 Volunteers	THE CLUB HAS MEMBER BASED COMMITTEES THAT PROVIDE OVERSIGHT AND GOVERNANCE AND SUPPORT OUR MEMBERSHIP AND PROGRAM SERVICE OFFERINGS. DURING THE 2017-2018 PROGRAM YEAR THE CLUB HAD A TOTAL OF 266 MEMBERS VOLUNTEER TO SERVE ON ONE OR MORE OF THESE COMMITTEES.
Form 990, Part I, Line 7b Unrelated Business Income on Form 990-T	The Economic Club does not conduct any trade or business which would be reportable on Form 990-T as unrelated business income. The amount reported on this line represents the organization's inclusion of its qualified transportation fringe benefits as an increase to unrelated business taxable income, per IRC Section 512(a)(7).
Form 990, Part VI, Line 15b OFFICER COMPENSATION	THE CLUB DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES. PER THE INSTRUCTIONS, THIS QUESTION HAS ACCORDINGLY BEEN ANSWERED 'NO'.
Form 990, Part VI, Line 1a Delegate broad authority to a committee	The Club's Executive Committee represents the Board of Directors and assists in fulfilling oversight and governance responsibilities surrounding the organization's strategy, programs, membership base, internal committees, and general operations. The Executive Committee consisted of twelve Board Directors. Additionally, the Club's Finance Committee represents the Board of Directors and assists in fulfilling its oversight and governance responsibilities surrounding the organization's financial sustainability, internal controls, financial reporting, and independent auditing process. The Finance Committee also serves as the Club's Investment Committee and the Compensation Committee for the ECC Board of Directors. The Finance Committee consisted of four Board Directors and two At-large Members of the ECC.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	DONALD THOMPSON AND DEAN HARRISON - Business relationship, GREG BROWN, ANNE PRAMAGGIORE, SCOTT SANTI, AND CHARLES EVANS - Business relationship, MARY DILLON AND SALLY BLOUNT - Business relationship, SALLY BLOUNT AND GLEN TILTON - Business relationship, MARY DILLON AND MELLODY HOBSON - Business relationship, GREG BROWN AND ANNE PRAMAGGIORE - Business relationship
Form 990, Part VI, Line 11b Review of form 990 by governing body	At the end of the fiscal year, the Club engages an outside auditor to review its financials and perform an audit. Once the audit is completed, an outside accountant assists in the preparation of the Tax Form 990. The Club's Finance Committee meets to review and approve the audit report and the Form 990. Subsequent to the Finance Committee's review, a copy of the audit report and Form 990 are sent to the Executive Committee for review and approval. Finally, the Form 990 is distributed to the full Board of Directors before the tax return is filed.
Form 990, Part VI, Line 12c Conflict of interest policy	The Economic Club has a conflict of interest policy that is reviewed annually by our Finance Committee, Executive Committee, and Board of Directors. Members of Finance Committee, Executive Committee, and Board of Directors are required to sign an annual disclosure statement which indicates whether or not they are aware of any conflicts or potential conflicts. In accordance with our conflict of interest policy, the Club's Board of Directors also must notify the Club Chair if any conflicts or potential conflicts arise between the Club's annual independence affirmations.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The Finance Committee benchmarks the Club's compensation levels for the President and CEO and for all Club employees annually. The Club utilizes data from local and national businesses, civic organizations, and nonprofit organizations. The Finance Committee specifically reviews data from organizations with similar revenues, similar scope of operations, and organizations with a high caliber reputation. This process is then documented within the Finance and Executive Committees' meeting minutes. Additionally, every three years the Board of Directors engages an independent compensation consultant to review our compensation philosophy, competitive pay levels for all employees, and reasonableness of executive compensation. THIS INDEPENDENT CONSULTATION WAS UNDERTAKEN DURING THE FISCAL YEAR ENDED JUNE 30, 2018.
Form 990, Part VI, Line 19 Required documents available to the public	Financial Statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Service Code (IRC) Section 6104. These documents are not available to the public at this time.