2016-05-16T14:22:42-05:00 2015-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2015-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 THOMAS P SPELLMAN GENERAL MANAGER 3124721825 2015-05-15 true Rebekuh Eley P01247672 3124721825 2015 2016-12-15 16:53:06Z FREDERICK H WADDELL 81 EAST VAN BUREN ST CHICAGO IL 60605 9242611 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 555176 164451 0 0 5975479 6646658 73975 52913 1181502 1587108 7230956 8286679 0 0 0 0 3770144 4209257 0 0 0 3010118 3282080 6780262 7491337 450694 795342 19788122 19405894 13540250 11766267 6247872 7639627 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 70 0 106 true true true false false false false 1714286 401484 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 FREDERICK H WADDELL PRESIDENT 1.0 0.0 X X 0 0 0 Jay L Henderson Vice President 1.0 0.0 X X 0 0 0 CHARLES A TRIBBETT III SECRETARY 1.0 0.0 X X 0 0 0 Larry Richman Treasurer 1.0 0.0 X X 0 0 0 ANTHONY K ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 John A Canning Jr 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 SHEILA A PENROSE Director 1.0 0.0 X 0 0 0 WILLIAM C STEINMETZ DIRECTOR 1.0 0.0 X 0 0 0 MILES D WHITE DIRECTOR 1.0 0.0 X 0 0 0 THOMAS P SPELLMAN ASST SEC/GENERAL MGR as of 4/1 40.0 0.0 X 224701 0 5000 FRANK T STOVER ASST SEC/GENERAL MGR thru 3/31 40.0 0.0 X 208250 0 2767 THOMAS WALBERG ASSISTANT GM 40.0 0.0 X 194473 0 16155 627424 0 23922 3 false true false 0 0 MEMBERSHIP DUES 713910 3130347 3130347 INITIATION FEES & CAPITAL ASSESSMENTS 713910 1714286 1714286 FOOD & BEVERAGE DEPARTMENT 713910 1099844 1099844 OVERNIGHT ROOMS 713910 702181 365004 337177 6646658 18424 18424 0 0 220457 107419 113038 0 113038 113038 259814 225325 34489 34489 34489 0 0 2097258 623188 1474070 1422022 52048 0 8286679 7731503 555176 0 0 0 0 440718 0 2279005 481510 788170 219854 0 0 111220 0 0 500 165048 4827 68724 69141 0 695110 0 0 14752 334388 0 953320 12984 SUPPLIES 307817 EQUIPMENT RENTAL & MAINTENANCE 236616 MISCELLANEOUS EXPENSES 224839 INCOME TAX EXPENSE 82794 7491337 3000 3000 1308244 1741017 0 0 591526 709726 0 0 0 0 0 0 210981 220541 17277 16623 33899906 17998910 16610005 15900996 0 0 0 0 0 0 0 0 1047089 813991 19788122 19405894 1022615 1128000 0 0 1006143 1152733 0 0 0 0 0 0 6701533 5360998 0 0 4809959 4124536 13540250 11766267 X 6247872 7639627 0 0 0 0 6247872 7639627 19788122 19405894 X 795342 596413 X false true X true false 768397 768397 2906787 0 2906787 7718069 6298551 1419518 22506653 11700359 10806294 15900996 0 DEFERRED COMPENSATION PLAN 896544 ACCRUED POSTRETIREMENT BENEFIT 32906 ACCRUED PENSION COST 3044829 INTEREST RATE SWAP AGREEMENT 150257 4124536 X 5801624 -2484555 -2484555 8286179 500 500 8286679 4477106 -529176 -529176 5006282 500 2484555 2485055 7491337 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, 2015, the Club's income tax returns for fiscal years 2012 and subsequent years are subject to examination by the IRS. ASC 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 TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS: ($2,484,555) PART XII, LINE 2D DECREASE IN PENSION/POSTRETIREMENT LIABILITY: ($529,176) PART XII, LINE 4B TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS: $2,484,555 X true true X X false true false THOMAS P SPELLMAN ASST SEC/GENERAL MGR as of 4/1 196154 0 25000 0 3547 0 0 0 5000 0 229701 0 0 0 THOMAS WALBERG ASSISTANT GM 140352 0 48500 0 5621 0 0 0 16155 0 210628 0 0 0 FRANK T STOVER ASST SEC/GENERAL MGR thru 3/31 140240 0 60000 0 8010 0 0 0 2767 0 211017 0 0 0 SCHEDULE J, PART I, LINE 1A THE ORGANIZATION PROVIDES HOUSING ARRANGEMENTS TO THE CLUB MANAGER AS PART OF THE CONDITION OF THE EMPLOYEE'S CONTINUED EMPLOYMENT WITH THE CLUB IN ORDER TO MAINTAIN THE REQUIRED LEVEL OF SERVICE TO THE CLUB MEMBERS. Schedule J, part I, line 4b The Club has non-qualified deferred compensation agreements with certain current and former key employees. The current agreements are funded solely by the employees through elective salary deferrals. Funds contributed by employees are invested in mutual funds, a hedge fund and bond funds which are stated at fair value on the statements of financial position. The amount due to the participants under these current agreements is equal to the value of theinvestment account held by the Club on their behalf. 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 KEY 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 9 529,176 INCREASE IN PENSION/POSTRETIREMENT LIABILITY 67,237 UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT -------- 596,413