EXECUTIVES CLUB OF CHICAGO: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- EXECUTIVES CLUB OF CHICAGO (EIN 36-1054078)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-12-06
- IRS object ID
- 201843409349300114
- Schema version
- 2017v2.3
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-12-06T11:45:16-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521855942 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | 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 | 361054078 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EXECUTIVES' CLUB OF CHICAGO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EXEC | BusinessNameControlTxt |
| Phone | 3122633500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 SOUTH MICHIGAN AVENUE NO 320 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARL VANDER WILT | PersonNm |
| Person Title | INTERIM CEO | PersonTitleTxt |
| Phone | 3122633500 | PhoneNum |
| Signature | 2018-12-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZABETH HELLER | PreparerPersonNm |
| PTIN | P00397829 | PTIN |
| Phone | 2022932200 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 173.66.126.82 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-12-06 | IPDt |
| IP Tm | 11:45:14 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8B6C6DF7A8E3B84B5AE7D1943EC3750B5C691B8F | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CARL VANDER WILT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 SOUTH MICHIGAN AVENUE NO 320 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,671,181 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.EXECUTIVESCLUB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1911 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | TO BE CHICAGO'S PREMIER RESOURCE FOR CONNECTING, DEVELOPING, AND GROWING BEST-IN-CLASS LEADERS TO STRENGTHEN THEMSELVES AND THEIR ORGANIZATIONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 37 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 36 | VotingMembersIndependentCnt |
| Total Employee | 26 | TotalEmployeeCnt |
| Total Volunteers | 75 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,111,670 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,669,189 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,411 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,992 | CYInvestmentIncomeAmt |
| PY Other Revenue | $791 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,114,872 | PYTotalRevenueAmt |
| CY Total Revenue | $3,671,181 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,977,207 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,055,532 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,039,857 | PYOtherExpensesAmt |
| CY Other Expenses | $1,799,424 | CYOtherExpensesAmt |
| PY Total Expenses | $4,017,064 | PYTotalExpensesAmt |
| CY Total Expenses | $3,854,956 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $97,808 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$183,775 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,245,286 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,970,586 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,022,487 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $931,562 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,222,799 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,039,024 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE PROVIDE ESTABLISHED AND EMERGING LEADERS OPPORTUNITIES TO DEVELOP AND NURTURE MEANINGFUL RELATIONSHIPS, PARTICIPATE IN INNOVATIVE PROGRAMMING, AND GAIN WORLD-CLASS KNOWLEDGE THAT WILL EXPAND PERSPECTIVES AND SHARPEN CAPABILITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ONE OF THE NATION'S PREMIER SPEAKERS FORUMS, THE EXECUTIVES' CLUB'S GLOBAL LEADERS LUNCHEONS PROVIDE CLUB MEMBERS AND GUESTS WITH UNPRECEDENTED ACCESS TO THE POLITICAL, POLICY, CORPORATE, AND INSTITUTIONAL LEADERS WHOSE EXPERTISE, INSIGHTS, AND EXPERIENCE SHAPE THE GLOBAL BUSINESS CLIMATE. HELD SEPTEMBER THROUGH JUNE, THESE DYNAMIC LUNCHEONS TARGET A DIVERSE RANGE OF INDUSTRIES AND EXPLORE TOPICS CHOSEN FOR THEIR RELEVANCE TO CURRENT GLOBAL BUSINESS AND ECONOMIC TRENDS. GLOBAL LEADERS LUNCHEONS REGULARLY ATTRACT 3,500-5,000 PEOPLE, DRAWN FROM CHICAGOLAND'S C-SUITE EXECUTIVES, SENIOR PROFESSIONALS, AND EMERGING LEADERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LAUNCHED IN 2004, THE EXECUTIVES' CLUB'S QUARTERLY WOMEN'S LEADERSHIP PROGRAMS HAVE BECOME CHICAGO'S LARGEST SPEAKERS' FORUM DEDICATED TO THE NEEDS AND INTERESTS OF BUSINESS AND PROFESSIONAL WOMEN. THESE BREAKFAST PROGRAMS REGULARLY ATTRACT 1,100-1,200 PEOPLE - PRIMARILY WOMEN - FOR PANEL DISCUSSIONS AMONG REMARKABLE WOMEN WHO ARE ROLE MODELS OF SUCCESS. EACH BREAKFAST IS ORGANIZED AROUND A THEME RELEVANT TO WOMEN FROM DIVERSE FIELDS, AND SPEAKERS ARE SELECTED FOR THEIR CAPACITY TO IMPART LESSONS OF VALUE TO WOMEN AT VARYING STAGES IN THEIR CAREERS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE EXECUTIVES' CLUB INTRODUCES THE CHICAGO BUSINESS COMMUNITY TO CEOS WHO HAVE RECENTLY TAKEN THE HELM OF MULTINATIONAL CORPORATIONS HEADQUARTERED IN THE METROPOLITAN AREA OR WHO HAVE RECENTLY RELOCATED THEIR COMPANIES TO THE WINDY CITY. NOT ONLY DO THE CHICAGO CEO PROGRAMS SHOWCASE THE INNOVATIVE STRATEGIES ON WHICH THESE TALENTED CEOS RELY TO REMAIN COMPETITIVE, THEY ALSO HELP BUILD AND MAINTAIN A SENSE OF COMMUNITY, EVEN AS THAT COMMUNITY GROWS AND CHANGES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 15 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 26 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 37 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 36 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATALIE HAEFLIGER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3122633500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 SOUTH MICHIGAN AVENUE STE 320 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60603 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 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 |
|---|---|---|---|---|---|---|---|
| CHRIS BEGY | |||||||
| CHAIRMAN | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CARL VANDER WILT | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN CONROY | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DEB DEHAAS | |||||||
| PAST CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MELISSA BEAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBRA CAFARO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM COLEMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARSHA CRUZAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARY DILLON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| COLIN DYER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD EDELMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN ETTELSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE FLANNERY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE FOLEY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ILENE GORDON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID HANFLAND | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEAN HARRISON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM KOLAR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AYLWIN LEWIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CONNIE LINDSEY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT LIVINGSTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID NELMS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TONISE PAUL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEFANO PESSINA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSE LUIS PRADO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD PRICE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL REINSDORF | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS RICHARDS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY RICHMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM RICKETTS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM ROBINSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MANNY SANCHEZ | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN SLARK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHRYN SULLIVAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT SWANSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DICK VIE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANA DUTRA | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | Yes (X) | $453,801 | $0 | $1,800 | |
| KIM HAMMOND | |||||||
| CHIEF OPERATING OFFICER | 40.00 | $179,256 | $0 | $7,148 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $633,057 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $8,948 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KSMB ASSOCIATES INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4350 DIPAOLO CENTER | AddressLine1Txt |
| City | GLENVIEW | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | ACCOUNTING SERVICES | ServicesDesc |
| Compensation | $105,973 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SPONSORSHIP | 900099 | $1,543,750 | $1,543,750 |
| MEMBER DUES | 900099 | $860,342 | $860,342 |
| MEETINGS & CONFERENCES | 900099 | $740,754 | $740,754 |
| BARTER INCOME | 900099 | $349,343 | $349,343 |
| LEADERSHIP DEVELOPMENT | 900099 | $175,000 | $175,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,669,189 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,992 | TotalRevenueColumnAmt |
| Exclusion | $1,992 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,671,181 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,669,189 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,992 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $455,601 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,245,306 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,359 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,266 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,806 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,574 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,678 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,692 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,818 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,076 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,336 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $701,356 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,903 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,092 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| BARTER EXPENSE | $343,841 |
| OUTSIDE HELP/ENTERTAINM | $59,771 |
| CREDIT CARD FEES | $39,775 |
| BAD DEBT EXPENSE | $20,332 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,338 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,854,956 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $856,761 | BOYAmt |
| EOY | $1,017,285 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $794,262 | BOYAmt |
| EOY | $672,602 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $370,844 | BOYAmt |
| EOY | $86,353 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,057 | BOYAmt |
| EOY | $58,008 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $531,189 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $394,851 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,362 | BOYAmt |
| EOY | $136,338 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,245,286 | BOYAmt |
| EOY | $1,970,586 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $347,597 | BOYAmt |
| EOY | $317,040 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $629,824 | BOYAmt |
| EOY | $577,050 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,066 | BOYAmt |
| EOY | $37,472 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,022,487 | BOYAmt |
| EOY | $931,562 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,222,799 | BOYAmt |
| EOY | $1,039,024 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,222,799 | BOYAmt |
| EOY | $1,039,024 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,245,286 | BOYAmt |
| EOY | $1,970,586 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$183,775 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,454 | OtherCostOrOtherBasisAmt |
| Depreciation | $258 | DepreciationAmt |
| Book Value | $10,196 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $180,447 | OtherCostOrOtherBasisAmt |
| Depreciation | $145,476 | DepreciationAmt |
| Book Value | $34,971 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $340,288 | OtherCostOrOtherBasisAmt |
| Depreciation | $249,117 | DepreciationAmt |
| Book Value | $91,171 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $136,338 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $37,472 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $37,472 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $3,671,181 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,671,181 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,671,181 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,854,956 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,854,956 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,854,956 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANA DUTRA | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $363,801 | $0 | $90,000 | $0 | $0 | $0 | $1,800 | $0 | $0 | $0 | $455,601 | $0 | $0 | $0 |
| KIM HAMMOND | ||||||||||||||
| CHIEF OPERATING OFFICER | $152,256 | $0 | $27,000 | $0 | $0 | $0 | $7,148 | $0 | $0 | $0 | $186,404 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE CLUB SHALL HAVE AN EXECUTIVE COMMITTEE, COMPOSED OF THE CHAIR OF THE BOARD OF DIRECTORS, THE FIRST VICE CHAIR AND SECOND VICE CHAIR OF THE BOARD OF DIRECTORS, THE TWO FORMER CHAIRS OF THE BOARD OF DIRECTORS WHO HAVE MOST RECENTLY SERVED IN THAT CAPACITY, THE SECRETARY AND THE TREASURER. THE CHAIR OF THE BOARD OF DIRECTORS SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE. THE CHIEF EXECUTIVE OFFICER & PRESIDENT SHALL SERVE ON THE EXECUTIVE COMMITTEE ON AN EX-OFFICIO BASIS. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE, ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE CLUB, IN ALL CASES IN WHICH SPECIFIC DIRECTIONS SHALL NOT HAVE BEEN GIVEN BY THE BOARD OF DIRECTORS OR FOR REASONS OF STABILITY OR CONTINUITY, SUBJECT TO THE LIMITATIONS PROVIDED BY SECTION 108.40 OF THE ACT. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CLUB SHALL HAVE ELEVEN CLASSES OF MEMBERS, DESIGNATED AS FOLLOWS: (A) CORPORATE MEMBERS (B) INDIVIDUAL MEMBERS (C) LEADERSHIP CIRCLE MEMBERS (D) DIPLOMATIC CORPS MEMBERS (E) GOVERNMENTAL AGENCY MEMBERS (F) NOT-FOR-PROFIT MEMBERS (G) RETIRED MEMBERS (H) NON-RESIDENT MEMBERS (I) VETERAN MEMBERS (J) HONORARY MEMBERS (K) LIFE-SERVICE MEMBERS THE QUALIFICATIONS AND RIGHTS OF EACH CLASS OF MEMBERS ARE AS FOLLOWS: CORPORATE MEMBERS SHALL BE DIVIDED INTO FIVE LEVELS OF CORPORATE MEMBERSHIP: "CORPORATE I PREMIER PLUS" WILL CONSIST OF ALL THE BENEFITS AVAILABLE TO CORPORATE I PREMIER MEMBERSHIP IN ADDITION TO OTHER BENEFITS THAT THE CLUB'S MANAGEMENT MAY INCLUDE FROM TIME TO TIME IN ACCORDANCE WITH SUCH PARAMETERS AS THE EXECUTIVE COMMITTEE MAY ELECT TO PROVIDE. "CORPORATE I PREMIER" WILL CONSIST OF (I) TWELVE EXECUTIVES FROM COMPANIES WITH MORE THAN TWO HUNDRED EMPLOYEES OR (II) ONE C-LEVEL EXECUTIVE FROM COMPANIES OF ANY SIZE. "CORPORATE I" WILL CONSIST OF SIX EXECUTIVES FROM COMPANIES WITH MORE THAN TWO HUNDRED EMPLOYEES. "CORPORATE II" WILL CONSIST OF FOUR EXECUTIVES FROM COMPANIES WITH FIFTY-ONE TO TWO HUNDRED EMPLOYEES. "CORPORATE III" WILL CONSIST OF TWO EXECUTIVES FROM COMPANIES WITH ONE TO FIFTY EMPLOYEES. EACH CORPORATE MEMBER SHALL BE ENTITLED TO DESIGNATE FROM TIME TO TIME, IN ACCORDANCE WITH SUCH CORPORATE MEMBER'S APPLICABLE LEVEL OF CORPORATE MEMBERSHIP, THOSE EXECUTIVES WHO WILL BE CONSIDERED TO BE MEMBERS OF THE CLUB. EACH INDIVIDUAL EXECUTIVE DESIGNATED BY A CORPORATE MEMBER AS A MEMBER OF THE CLUB SHALL BE ENTITLED TO ONE VOTE IN ACCORDANCE WITH SECTION 2.7 OF THESE BY-LAWS ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. INDIVIDUAL MEMBERS SHALL BE DIVIDED INTO TWO LEVELS OF MEMBERSHIP: "INDIVIDUAL MEMBERS I" ARE THOSE MEMBERS WHO ARE NOT OTHERWISE CATEGORIZED IN ONE OF THE OTHER CLASSES OF MEMBERSHIP AND WHO ARE ENTITLED TO ATTEND EIGHT LUNCHEONS, WITHOUT CHARGE, AS PART OF THEIR MEMBERSHIP. "INDIVIDUAL MEMBERS II" ARE THOSE MEMBERS WHO ARE NOT OTHERWISE CATEGORIZED IN ONE OF THE OTHER CLASSES OF MEMBERSHIP AND WHO ARE CHARGED SEPARATELY FOR LUNCHEONS. LEADERSHIP CIRCLE MEMBERS ARE THOSE INDIVIDUALS UNDER FORTY YEARS OF AGE AT THE COMMENCEMENT OF EACH FISCAL YEAR OF THE CLUB AND SHALL BE COMPRISED OF TWO LEVELS OF MEMBERSHIP: "LEADERSHIP CIRCLE I" INCLUDES LEADERSHIP CIRCLE MEMBERS WHO ARE ENTITLED TO ATTEND SUCH NUMBER OF PROGRAMS WITHOUT CHARGE AS SHALL BE DETERMINED FROM TIME TO TIME BY THE CLUB'S THEN EFFECTIVE TERMS AND CONDITIONS OF MEMBERSHIP. "LEADERSHIP CIRCLE II" INCLUDES LEADERSHIP CIRCLE MEMBERS WHO ARE ENTITLED TO ATTEND SUCH NUMBER OF PROGRAMS AT SUCH MEMBER RATES AS SHALL BE DETERMINED FROM TIME TO TIME BY THE CLUB'S THEN EFFECTIVE TERMS AND CONDITIONS OF MEMBERSHIP. "LEADERSHIP CIRCLE III" INCLUDES LEADERSHIP CIRCLE MEMBERS WHO ARE LISTED AS EXECUTIVES ON ANY OF THE ABOVE-LISTED CORPORATE MEMBERSHIPS AND WHO ARE ENTITLED TO PARTICIPATE IN SUCH PROGRAMS AND BENEFITS AS THE CLUB'S MANAGEMENT MAY DESIGNATE FROM TIME TO TIME IN ACCORDANCE WITH SUCH PARAMETERS AS THE EXECUTIVE COMMITTEE MAY ELECT TO PROVIDE. DIPLOMATIC CORPS MEMBERS ARE THOSE DIPLOMATS REPRESENTING FOREIGN NATIONS, WHO ARE NOT RESIDENTS OF CHICAGO OR ITS VICINITY BEFORE BECOMING DIPLOMATS AND WHO ARE NOT CITIZENS OF THE UNITED STATES OF AMERICA. IT SHALL ALSO INCLUDE THE CHIEF CONSULAR REPRESENTATIVE OF A FOREIGN NATION WHO IS IN CHARGE OF A CHICAGO CONSULATE OF SUCH A FOREIGN NATION. GOVERNMENTAL AGENCY MEMBERS ARE THOSE HEADS OF UNITED STATES, REGIONAL, STATE, COUNTY, LOCAL OR MUNICIPAL GOVERNMENT AGENCIES, AUXILIARIES AND INSTITUTIONS WHETHER HEADQUARTERED IN WASHINGTON D.C. OR LOCATED IN THE STATE OF ILLINOIS. NOT-FOR-PROFIT MEMBERS ARE PERSONS WHO ARE EXECUTIVES OF INSTITUTIONS, ORGANIZATIONS AND FOUNDATIONS DESIGNATED AS "NON-PROFIT" WHOSE OBJECTIVES SEEK TO REALIZE THE PARTICULAR VALUES WHICH THEY PURPORT TO SERVE. RETIRED MEMBERS ARE THOSE MEMBERS OF THE CLUB WHO HAVE RETIRED FROM FULL-TIME EMPLOYEE STATUS IN THEIR RESPECTIVE COMPANIES, INSTITUTIONS, ORGANIZATIONS AND FOUNDATIONS, BUT WHO STILL DESIRE TO RETAIN THEIR MEMBERSHIP IN THE CLUB. NON-RESIDENT MEMBERS ARE ELIGIBLE PERSONS WHOSE PLACE OF BUSINESS IS MORE THAN FIFTY MILES FROM THE CITY OF CHICAGO. SUCH PERSONS MAY MAKE AN ORIGINAL APPLICATION FOR NON-RESIDENT MEMBERSHIP. IN CASE THE PLACE OF BUSINESS OF ANY MEMBER SHALL BE MOVED TO A PLACE MORE THAN FIFTY MILES FROM THE CITY OF CHICAGO, SUCH A MEMBER MAY, UPON APPLICATION TO THE SECRETARY AND BY FAVORABLE ACTION OF THE BOARD OF DIRECTORS, BE MADE A NON-RESIDENT MEMBER OF THE CLUB. IF THE PLACE OF BUSINESS OF ANY NON-RESIDENT MEMBER IS REMOVED TO WITHIN FIFTY MILES FROM THE CITY OF CHICAGO THAT PERSON SHALL NO LONGER BE A NON-RESIDENT MEMBER, AND MAY, UPON APPLICATION TO THE SECRETARY AND BY FAVORABLE ACTION OF THE BOARD OF DIRECTORS, BECOME A MEMBER. VETERAN MEMBERS ARE THOSE PERSONS WHO HAVE BEEN MEMBERS IN GOOD STANDING FOR A TOTAL PERIOD OF THIRTY YEARS. VETERAN MEMBERS, UPON MAKING APPLICATION TO, AND WITH THE APPROVAL OF, THE BOARD OF DIRECTORS, ARE ELIGIBLE TO RETAIN FULL MEMBERSHIP UPON PAYMENT OF FIFTY PERCENT OF THE REGULAR DUES. AFTER THIRTY-FIVE YEARS OF MEMBERSHIP IN THE CLUB, ALL DUES WILL BE WAIVED. HONORARY MEMBERS ARE THOSE MEMBERS WHO, BY THE UNANIMOUS VOTE OF THE DIRECTORS PRESENT AT ANY MEETING OF THE BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT, ARE ELECTED AS HONORARY MEMBERS OF THE CLUB BY VIRTUE OF THEIR PREEMINENT STANDING OR WHO HAVE OTHERWISE DISTINGUISHED THEMSELVES. LIFE-SERVICE MEMBERS. THOSE MEMBERS WHO HAVE SERVED AS CHAIR OF THE BOARD OF DIRECTORS SHALL, UPON COMPLETION OF SUCH TERM OF OFFICE, AUTOMATICALLY BECOME LIFE-SERVICE MEMBERS AND SHALL BE ENTITLED TO ALL THE PRIVILEGES OF MEMBERSHIP IN THE CLUB WITHOUT ASSESSMENT OR PAYMENT OF DUES. THE ABOVE-LISTED MEMBERSHIP CLASSES MAY BE CATEGORIZED, GROUPED OR OTHERWISE CHANGED FOR ADMINISTRATIVE PURPOSES IN SUCH A MANNER AS THE CLUB'S MANAGEMENT MAY DETERMINE FROM TIME TO TIME IN ACCORDANCE WITH SUCH PARAMETERS AS THE EXECUTIVE COMMITTEE MAY ELECT TO PROVIDE. |
| FORM 990, PART VI, SECTION A, LINE 7A | PLEASE SEE THE NARRATIVE FORM 990, PART VI, SECTION A, LINE 6 |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS IS PRIMARILY RESPONSIBLE FOR OVERSEEING THE PREPARATION OF THE ORGANIZATION'S ANNUAL INFORMATION RETURN (FORM 990). A COPY OF THE ORGANIZATION'S ANNUAL INFORMATION RETURN IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE TIME IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY THE ORGANIZATION REQUIRES EACH OF THE MEMBERS OF ITS BOARD OF DIRECTORS AND OFFICERS TO CERTIFY COMPLIANCE WITH THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY, WHICH REQUIRES DISCLOSURE OF MATERIAL FAMILY OR BUSINESS RELATIONSHIPS INVOLVING THE ORGANIZATION. THE ANNUAL CERTIFICATIONS ARE REVIEWED BY MANAGEMENT OF THE ORGANIZATION AND ANY POTENTIAL CONFLICTS OF INTEREST IDENTIFIED AS PART OF THE ANNUAL CERTIFICATION PROCESS ARE REFERRED TO THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR EVALUATION AND RESOLUTION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MEMBERS OF THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON MUST LEAVE THE MEETING OF THE BOARD OR COMMITTEE WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS WILL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE MEETING OF THE BOARD OR COMMITTEE AT WHICH THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST IS TO BE CONSIDERED, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE WILL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CLUB'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE BOARD OR COMMITTEE WILL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION ARRANGEMENTS RELATING TO THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE OFFICER ARE DETERMINED USING COMPARABILITY DATA FROM OTHER ORGANIZATIONS AS WELL AS NONPROFIT SALARY SURVEYS. THE COMPENSATION ARRANGEMENT IS APPROVED BY THE EXECUTIVE COMMITTEE AND GOVERNANCE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND DOCUMENTED IN A WRITTEN EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY BASED ON PERFORMANCE. SALARY DECISIONS ARE MADE AT THE PRESIDENT & CEO LEVEL, WHILE BONUS COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
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