2016-11-15T14:26:44-06:00 2015-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2015-01-01 361720250 SADDLE AND CYCLE CLUB % RIK CARLSON SADD 7732756600 900 WEST FOSTER AVENUE CHICAGO IL 60640 WILLIAM J BETTMAN TREASURER 7732756600 2016-05-16 true Rebekuh Eley P01247672 3128569100 2015 2017-02-10 21:41:12Z CARRIE C MCNALLY 900 WEST FOSTER AVENUE CHICAGO IL 60640 8770552 false 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 13 139 13 929785 0 0 6063725 6263251 27 14 1780579 1847790 7844331 8111055 0 0 0 0 3358224 3576046 0 0 0 3978611 3999751 7336835 7575797 507496 535258 15523027 16158233 1434245 1534193 14088782 14624040 THIS ORGANIZATION PROVIDES PLEASURE AND RECREATION TO ITS MEMBERS UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). false false PRIVATE SOCIAL CLUB PROVIDING GOLF, TENNIS, SWIMMING, AND DINING FACILITIES FOR THE EXCLUSIVE 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 94 0 139 true true true false false false false 1106072 1053317 false X 13 13 false false false false true true true true false false false true true true true true true true true false X RIK CARLSON 7732756600 900 WEST FOSTER AVENUE CHICAGO IL 60640 X CARRIE C MCNALLY PRESIDENT 0.1 0.0 X X 0 0 0 ROBERT HERBER GOVERNOR 0.1 0.0 X 0 0 0 ANGELIA I HOLLEB SECRETARY 0.1 0.0 X X 0 0 0 JOSEPH E MILLER III GOVERNOR 0.1 0.0 X 0 0 0 WILLIAM BETTMAN TREASURER 0.1 0.0 X X 0 0 0 DOUGLAS LEIK GOVERNOR 0.1 0.0 X 0 0 0 JULIE J HARRON GOVERNOR 0.1 0.0 X 0 0 0 JOAN HOESE GOVERNOR 0.1 0.0 X 0 0 0 KATIE FAIRBANK GOVERNOR 0.1 0.0 X 0 0 0 LOUIS E FREIDHEIM JR Governor 0.1 0.0 X 0 0 0 DAVID G MAZZELLA III Governor 0.1 0.0 X 0 0 0 HEATHER MONTGOMERY Governor 0.1 0.0 X 0 0 0 CHRISTOPHER VALENTI VICE PRESIDENT 0.1 0.0 X X 0 0 0 GUY F SHAW GENERAL MANAGER 40.0 0.0 X 278041 0 46614 RICHARD J CARLSON CONTROLLER 40.0 0.0 X 145856 0 16417 R GREG NEIDBALLA Head Tennis Pro 40.0 0.0 X 321143 0 20153 SCOTT M MANSAGER Head Paddle Pro 40.0 0.0 X 239070 0 8044 ROBERT FRANK DIRECTOR OF SUMMER CAMP 40.0 0.0 X 110000 0 0 Marshall Violante Exceutive Chef 40.0 0.0 X 188242 0 19140 1282352 0 110368 6 false true false US SECURITY ASSOCIATES INC 400 N May Street SUITE 304 CHICAGO IL 60622 ON-SITE SECURITY 106603 AMS MECHANICAL SYSTEMS 140 TOWER DRIVE BURR RIDGE IL 60527 MECHANICAL MAINTENAN 132754 POWER OF 3 GOLF ACADEMY 900 W Foster Avenue CHICAGO IL 60640 GOLF INSTRUCTION 124883 3 0 MEMBERSHIP DUES 713910 2817520 2817520 INITIATION/CAPITAL ASSESSMENT 713910 1106072 1106072 CAMP 713910 687836 145355 542481 ICE RINKS 713910 588966 588966 TENNIS 713910 497599 497599 565258 565258 6263251 14 14 0 0 0 0 0 0 0 0 2282607 659497 1623110 1303197 319913 OTHER INCOME 900099 224680 157303 67377 224680 8111055 7181270 929785 0 0 0 0 324655 0 2492035 0 139430 619926 0 0 39202 0 0 0 0 0 149757 48636 0 747339 1417 0 0 0 0 740911 0 LESSONS & EVENTS 952380 SUPPLIES 486630 CONTRACT SERVICES 399517 EQUIPMENT RENTAL & MAINTENANCE 222416 211546 7575797 788685 1911374 23346 8450 0 0 761249 656761 0 0 0 0 0 0 85653 87655 107291 67601 22921899 9652436 13623100 13269463 0 0 0 0 0 0 0 0 133703 156929 15523027 16158233 763524 812891 0 0 537018 564373 0 0 0 0 0 0 0 0 0 0 133703 156929 1434245 1534193 X 14088782 14624040 0 0 0 0 14088782 14624040 15523027 16158233 535258 X false true X true false 4365155 4365155 11047490 5060006 5987484 4009934 1710165 2299769 3470410 2882265 588145 28910 28910 13269463 0 DEFERRED COMPENSATION PLAN 156929 156929 X 8770552 8770552 -659497 -659497 8111055 8235294 659497 659497 7575797 7575797 SCHEDULE D, 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, 2015, the Clubs income tax returns for fiscal years 2012 and subsequent are subject to examination by the IRS. Accounting Standards Codification ("ASC") 740-40, "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. SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD $(659,497). SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $659,497. X X false true false GUY F SHAW GENERAL MANAGER 241923 0 36118 0 0 0 27474 0 19140 0 324655 0 0 0 RICHARD J CARLSON CONTROLLER 132656 0 13200 0 0 10017 0 6400 0 162273 0 0 R GREG NEIDBALLA Head Tennis Pro 21093 0 0 0 300050 0 1013 0 19140 0 341296 0 0 0 SCOTT M MANSAGER Head Paddle Pro 38749 0 0 0 200321 0 1644 0 6400 0 247114 0 0 0 Marshall Violante Exceutive Chef 171412 0 16830 0 0 0 0 0 19140 0 207382 0 0 0 SCHEDULE J, PART I, LINE 4B THE CLUB HAS DEFERRED COMPENSATION AGREEMENTS WITH THE GENERAL MANAGER AND CONTROLLER THAT ARE FUNDED THROUGH INVESTMENTS STATED AT FAIR VALUE ON THE STATEMENTS OF FINANCIAL POSITION. FORM 990, PART VI, SECTION A, LINE 6 There are two classes of members, equity members and non-equity members. Equity members have the right to vote, are not entitled to a refund of equity upon resignation, but would share in the allocation of company assets upon dissolution. Non-equity members do not have the right to vote, would not receive a refund of equity upon resignation, and do not share in liquidation proceeds. FORM 990, PART VI, SECTION A, LINE 7A & 7B If a board member leaves or vacates his or her position, the board members have the right to appoint an equity member in good standing with the club to the board. The board members shall elect equity members to fill vacancies in the board to serve until the next annual meeting of the club. FORM 990, PART VI, SECTION A, LINE 8B There are no separate committees with the authority to act on behalf of the governing body. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY AN OUTSIDE CPA FIRM BASED ON INPUT FROM THE CONTROLLER. Tax returns are reviewed by the general manager and the treasurer then AND SIGNED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C The policy requires annual disclosures and is enforced annually. FORM 990, PART VI, SECTION B, LINE 15A AND 15B 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 A private member club is not required to make governing documents or financial statements available to the public. Form 990 is made available via an outside website, www.guidestar.org, and upon request.