2025-11-17T15:31:57-06:00 2024-12-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2024-01-01 361720250 SADDLE & CYCLE CLUB SADD 7732756600 900 WEST FOSTER AVE CHICAGO IL 60640 MICHAEL CASEY HERMAN TREASURER 7732756600 2025-11-17 1 0 PAUL J ROZEK P00542258 6309541400 2024 2025-03-06 01:10:19Z TOM HOLLEB 900 WEST FOSTER AVE CHICAGO IL 60640 11796880 0 X SADDLEANDCYCLE.COM X 1895 IL THIS ORGANIZATION PROVIDES PLEASURE AND RECREATION TO ITS MEMBERS UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(7) 13 13 204 13 1233508 250432 0 0 5242974 8431112 67415 132015 5035353 2102445 10345742 10665572 0 0 0 0 5426560 5958122 0 0 0 4964155 4933068 10390715 10891190 -44973 -225618 17959425 17957669 1835531 2062644 16123894 15895025 THIS ORGANIZATION PROVIDES PLEASURE AND RECREATION TO ITS MEMBERS UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(7) 0 0 TAX EXEMPT CLUB ACTIVITIES 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 31 0 1 204 1 1 0 0 0 0 0 1231266 1252024 0 0 0 X 13 13 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 X JACOB MAYLES 7732756600 900 WEST FOSTER AVE CHICAGO IL 60640 TOM HOLLEB PRESIDENT 5.00 X X 0 0 0 MIKE GALLAGHER VICE-PRESIDENT 4.00 X X 0 0 0 MARK COZZI TREASURER 4.00 X X 0 0 0 ELIZABETH MCCARTHY BOARD MEMBER 4.00 X X 0 0 0 STEVEN PRASSAS BOARD MEMBER 4.00 X 0 0 0 MEGHAN ARCHIBALD BOARD MEMBER 4.00 X 0 0 0 ROBBIE EVEREST BOARD MEMBER 4.00 X 0 0 0 PATI HEESTAND BOARD MEMBER 4.00 X 0 0 0 MICHAEL CASEY HERMAN BOARD MEMBER 4.00 X 0 0 0 MASON PHELPS BOARD MEMBER 4.00 X 0 0 0 BARB SESSIONS BOARD MEMBER 4.00 X 0 0 0 BOB THOMAS BOARD MEMBER 4.00 X 0 0 0 MARGARET UNETUCH BOARD MEMBER 4.00 X 0 0 0 ELISHA CICERONE GENERAL MANAGER 40.00 X 376513 0 28059 KIM MAIORE CONTROLLER 40.00 X 66290 0 474 LIZ CRUZ ORELLANA DIRECTOR OF RACQUETSRO 40.00 X 224571 0 19740 PAUL LARSON CHEF 40.00 X 137242 0 16629 ALEXANDRE COTARD RACQUETS PRO 40.00 X 128034 0 1058 CHRISTIAN DUCHNAK RACQUETS PRO 40.00 X 134104 0 12574 1066754 0 78534 5 0 1 0 CR PETERSON 785 OAKWOOD RD SUITE S108 LAKE ZURICH IL 60047 TENNIS COURT CONSTRUCTION 547436 P4 SECURITY COMPANIES 2801 FINLEY RD SUITE 103 DOWNERS GROVE IL 60515 SECURITY SERVICES 460344 US FOODS 800 SUPREME DR BENSENVILLE IL 60106 FOOD AND PAPER GOODS 276522 M&A CONSTRUCTION 6457 N NEVA AVE CHICAGO IL 60631 CONSTRUCTION 231650 OSCEOLA FENCE & SECURITY CORP 1928 N LEAMINGTON AVE CHICAGO IL 60639 CONSTRUCTION 203280 5 MEMBERSHIP DUES 713910 5319267 5319267 INITIATION FEES 713910 1231266 1231266 YOUTH ACTIVITIES 713910 1013979 689333 324646 RAQUETS 713910 608053 608053 AQUATICS 713910 57412 57412 201135 201135 8431112 180723 180723 48708 -48708 -48708 -48708 3185045 1082600 2102445 1374306 728139 10665572 9432064 1233508 0 471367 4685266 147 389403 411939 47440 68693 141085 298434 1358382 877117 223539 MISCELLANEOUS 178323 INCOME TAX 60197 BANK FEES 27562 1652296 10891190 2281406 877594 2914212 2965270 541274 463769 192945 182179 204929 138942 29210449 15880534 11824659 13329915 17959425 17957669 1618450 2062644 217081 0 1835531 2062644 X 16123894 15895025 16123894 15895025 17959425 17957669 -225618 -3251 0 X 0 1 X 1 0 4365155 4365155 18674507 10910667 7763840 4711410 4442149 269261 1459377 527718 931659 13329915 X 11744921 -3251 -3251 11748172 -1082600 -1082600 10665572 11973790 1082600 1082600 10891190 0 10891190 PART X, LINE 2: 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 IS SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF DECEMBER 31, 2024, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2021 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE IRS. ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY 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 - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON INVESTMENT -3,251. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,082,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,082,600. X 1 1 X 0 0 0 ELISHA CICERONE GENERAL MANAGER 343562 0 32951 0 0 0 9916 0 18143 0 404572 0 0 0 LIZ CRUZ ORELLANA DIRECTOR OF RACQUETSRO 204571 0 20000 0 0 0 4788 0 14952 0 244311 0 0 0 PAUL LARSON CHEF 137242 0 0 0 0 0 5281 0 11348 0 153871 0 0 0 FORM 990, PART V, LINE 3B THE 2024 FORM 990-T IS STILL IN PROCESS AND WILL BE FILED AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION A, LINE 3 THE CLUB LEASES ITS FULL-TIME EMPLOYEES FROM A PAYROLL LEASING SERVICE UNDER AN AGREEMENT WHICH IS RENEWED ANNUALLY. FORM 990, PART VI, SECTION A, LINE 6 THE SADDLE & CYCLE CLUB WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A GENERAL MEMBERSHIP ELECTS OFFICERS AND GOVERNORS AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B REAL ESTATE PURCHASES AND SALES AND LIQUIDATION OF CLUB ASSETS BOTH REQUIRE A 2/3 VOTE OF ITS EQUITY MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF FORM 990 WAS CONDUCTED BY THE DIRECTOR OF FINANCE, THE GENERAL MANAGER, AND THE TREASURER. THE FINAL FORM 990 WAS ALSO MADE AVAILABLE TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS AFFIRMED ANNUALLY BY THE CLUB'S GENERAL MANAGER. THE POLICY COVERS ALL GOVERNORS OF THE CLUB AND THE SENIOR MANAGEMENT STAFF OF THE CLUB. IT DISALLOWS THOSE COVERED FROM VOTING ON, PARTICIPATING IN, OR USING PERSONAL INFLUENCE IN CONNECTION WITH ANY DECISION OR THE RESOLUTION OF ANY ISSUE OR MATTER INVOLVING THE COVERED PERSON TO WHICH THE COVERED PERSON HAS A BUSINESS OR FINANCIAL INTEREST IN THE OUTCOME. ANNUALLY, EACH COVERED PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY BUSINESS OR FINANCIAL INTEREST IN CONNECTION WITH ANY PROPOSED OR CURRENT TRANSACTIONS, OR ANY TRANSACTIONS DURING THE PRIOR 12 MONTHS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT OF THE BOARD DETERMINES THE SALARY OF THE GENERAL MANAGER AFTER REVIEWING PERFORMANCE DURING THE PAST YEAR VERSUS GOALS AND OBJECTIVES, AND GIVEN INDUSTRY STANDARDS THE GENERAL MANAGER DETERMINES THE SALARIES OF STAFF MEMBERS ANNUALLY AFTER REVIEWING PERFORMANCE DURING THE PAST YEAR VERSUS GOALS AND OBJECTIVES, EXPERIENCE ON THE JOB, AND GIVEN INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.