2018-04-30T09:46:42-05:00 2017-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2017-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 East Van Buren St Chicago IL 60605 THOMAS P SPELLMAN GENERAL MANAGER 3124721825 2018-03-02 true Jacob Cook P01240455 3128569100 2017 2022-09-23 18:48:47Z John A Canning Jr 81 East Van Buren St CHICAGO IL 60605 8648151 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 497937 182057 0 0 6522505 6112206 29504 44856 1522495 1525550 8074504 7682612 0 0 0 0 4093705 3995891 0 0 0 3179331 3047959 7273036 7043850 801468 638762 19415798 19198496 11007475 9167107 8408323 10031389 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 74 0 true 112 true true true false false false false 612750 328876 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 John A Canning Jr President 1.0 0.0 X X 0 0 0 Anthony K Anderson Vice President 1.0 0.0 X X 0 0 0 Larry D Richman Treasurer 1.0 0.0 X X 0 0 0 Sheila A Penrose Secretary 1.0 0.0 X X 0 0 0 Kate Bensen Director 1.0 0.0 X 0 0 0 Gregory Q Brown Director 1.0 0.0 X 0 0 0 Theodore L Dysart Director 1.0 0.0 X 0 0 0 Charles W Douglas Director 1.0 0.0 X 0 0 0 Andrew J McKenna Director 1.0 0.0 X 0 0 0 Charles K Bobrinskoy Director 1.0 0.0 X 0 0 0 John A Challenger Director 1.0 0.0 X 0 0 0 Thomas P Spellman Asst SEC/General Mgr 40.0 0.0 X 362000 0 11008 362000 0 11008 1 false true false Wait On Me 24 W Conti Pwky CHICAGO IL 607074505 Staffing 127882 Bulleys Andrew 1755 W Armitage Ave CHICAGO IL 60622 Construction 162923 2 0 MEMBERSHIP DUES 713910 3783568 3783568 INITIATION FEES 713910 612750 612750 FOOD & BEVERAGE DEPARTMENT 713910 1116877 1116877 OVERNIGHT ROOMS 713910 571074 308829 262245 OTHER PROGRAM REVENUE 713910 27937 27937 6112206 17226 17226 0 0 248235 109534 138701 0 138701 138701 187450 4151 159820 27630 4151 27630 27630 0 0 0 0 0 0 2083034 696185 1386849 1334714 52135 0 7682612 7184675 497937 0 0 0 0 373008 0 2313902 300287 794703 213991 0 0 57762 0 0 500 131709 0 102884 75584 0 589532 0 0 16836 270052 0 917950 173924 EQUIPMENT RENTAL & MAINTENANCE 236799 SUPPLIES 173170 UNIFORMS AND LAUNDRY 94825 INCOME TAX EXPENSE 52200 154232 7043850 3000 3000 2609332 3046151 0 0 642143 529192 0 0 0 0 0 0 204329 208141 45398 48452 34470537 19906358 15097605 14564179 0 0 0 0 0 0 0 0 813991 799381 19415798 19198496 1127997 1245623 0 0 1233867 1290003 0 0 0 0 0 0 4487566 3601535 0 0 4158045 3029946 11007475 9167107 X 8408323 10031389 0 0 0 0 8408323 10031389 19415798 19198496 X 638762 984304 X false true X true false 768397 768397 2906787 2906787 21736145 11961980 9774165 9059208 7944378 1114830 14564179 0 DEFERRED COMPENSATION PLAN 858199 ACCRUED POSTRETIREMENT BENEFIT 13135 ACCRUED PENSION COST 2147866 INTEREST RATE SWAP AGREEMENT 10746 3029946 X 9318245 984304 984304 8333941 -651329 -651329 7682612 8769195 1725345 1725345 7043850 7043850 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. As of December 31, 2017, the Clubs income tax returns for fiscal years 2014 and subsequent are subject to examination by the Internal Revenue Service. 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 2d Unrealized Gain on Interest Rate Swap: $55,045 Increase in Additional Net Pension and Post Retirement: $929,259 Total: $984,304 PART XI, LINE 4b Cost of Goods Sold: $(696,185) Interest Income: $44,856 Total: $(651,329) PART XII, LINE 2d Cost of Goods Sold: $696,185 Unrealized Gain on Interest Rate Swap: $55,045 Increase in Additional Net Pension and Post Retirement: $929,259 Interest Income: $44,856 Total: $1,725,345 X X false false false Thomas P Spellman Asst SEC/General Mgr 312000 0 50000 0 0 0 0 0 11008 0 373008 0 0 0 PART VI, LINES 6 AND 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. PART VI, 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. PART VI, 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. PART VI, LINES 15A AND 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. 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. PART XI, LINE 9 Increase in Additional Net Pension and Postretirement Liability $929,259 UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT $55,045 total: $984,304