2017-05-12T09:51:58-05:00 2016-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2016-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 THOMAS P SPELLMAN GENERAL MANAGER 3124721825 2017-04-01 true Rebekuh Eley P01247672 3128569100 38.140.192.146 36189620171315000005 2017-05-11 P EB2B1C02C9534E04F62CB99F1E428011C3823D44 D82CC4735A73B0A7B2E3CB205CDC6F3F6C7E8892 2016 2021-01-29 14:40:06Z John A Canning Jr 81 EAST VAN BUREN ST CHICAGO IL 60605 8977351 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 11 106 11 202831 156569 0 0 6646658 6522505 52913 29504 1587108 1522495 8286679 8074504 0 0 0 0 4209257 4093705 0 0 0 3282080 3179331 7491337 7273036 795342 801468 19405894 19415798 11766267 11007475 7639627 8408323 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 58 0 106 true true true false false false false 1321350 332802 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 Charles A Tribbett III Vice President 1.0 0.0 X X 0 0 0 Sheila A Penrose SECRETARY 1.0 0.0 X X 0 0 0 Larry D Richman Treasurer 1.0 0.0 X X 0 0 0 ANTHONY K ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 Kate Bensen DIRECTOR 1.0 0.0 X 0 0 0 JOHN A CHALLENGER DIRECTOR 1.0 0.0 X 0 0 0 Charles W Douglas 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 WILLIAM C STEINMETZ DIRECTOR (last day 11/11/2016) 1.0 0.0 X 0 0 0 Frederick H Waddell President (last day 3/24/16) 1.0 0.0 X X 0 0 0 Jay L Henderson vp (last day 3/24/16) 1.0 0.0 X X 0 0 0 Miles D white director (last day 3/24/16) 1.0 0.0 X 0 0 0 THOMAS P SPELLMAN ASST SEC/GENERAL MGR 40.0 0.0 X 330000 0 6394 330000 0 6394 1 false true false 0 0 MEMBERSHIP DUES 713910 3486024 3486024 INITIATION FEES & CAPITAL ASSESSMENTS 713910 1321350 1321350 FOOD & BEVERAGE DEPARTMENT 713910 1100530 1100530 OVERNIGHT ROOMS 713910 614601 614601 6522505 19212 19212 0 0 235030 106465 128565 0 128565 128565 129204 2354 121266 7938 2354 10292 10292 0 0 2029782 675116 1354666 1309904 44762 MISCELLANEOUS INCOME 900099 39264 39264 39264 8074504 7832409 202831 39264 0 0 0 0 336394 0 2340294 365919 833176 217922 0 0 78526 0 0 500 153208 0 125827 77416 0 672832 0 0 16660 268689 0 977111 170177 SUPPLIES 144366 EQUIPMENT RENTAL & MAINTENANCE 231610 UNIFORMS AND LAUNDRY 81951 INCOME TAX EXPENSE 45000 135458 7273036 3000 3000 1741017 2609332 0 0 709726 642143 0 0 0 0 0 0 220541 204329 16623 45398 34073627 18976022 15900996 15097605 0 0 0 0 0 0 0 0 813991 813991 19405894 19415798 1128000 1127997 0 0 1152733 1233867 0 0 0 0 0 0 5360998 4487566 0 0 4124536 4158045 11766267 11007475 X 7639627 8408323 0 0 0 0 7639627 8408323 19405894 19415798 X 801468 -32772 X false true X true false 768397 768397 2906787 2906787 21465580 11345780 10119800 8932863 7630242 1302621 15097605 0 DEFERRED COMPENSATION PLAN 877908 ACCRUED POSTRETIREMENT BENEFIT 15474 ACCRUED PENSION COST 3198872 INTEREST RATE SWAP AGREEMENT 65791 4158045 X 5890224 -2936357 -2936357 8826581 -752077 -752077 8074504 4733128 675116 675116 4058012 3215024 3215024 7273036 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, 2016, the Clubs income tax returns for fiscal years 2013 and subsequent are subject to examination by the Internal Revenue Service. ASU 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 $84,467 Increase in Additional Net Pension and Postretirement $194,200 Total expenseS netted AGAINST REVENUE PER THE F/S $(3,215,024) Total: $(2,936,357) PART XI, LINE 4b investment income $29,504 Rental Exp $(106,465) COGS $(675,116) Total: $(752,077) PART XII, LINE 2d COGS $675,116 PART XII, LINE 4B Total expenseS netted AGAINST REVENUE PER THE FINANCIAL STATEMENT: $3,215,024 X X false false false THOMAS P SPELLMAN ASST SEC/GENERAL MGR 300000 30000 0 0 6394 0 336394 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, FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 9 Increase in Additional Net Pension and Postretirement Liability $(194,200) UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT $84,467 total: $109,733