2014-11-14T14:46:03-06:00 2013-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2013-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 EAST VAN BUREN ST Suite CHICAGO IL 60605 JAY HENDERSON TREASURER 3124271825 2014-05-15 true Rebekuh Eley P01247672 3124271825 2013 2015-11-30 17:44:51Z R EDEN MARTIN 81 EAST VAN BUREN ST CHICAGO IL 60605 7500558 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 81 11 435110 160677 0 0 5588252 5588802 29686 71632 1171222 1077861 6789160 6738295 0 0 0 0 3654273 3706689 0 0 0 2349948 2254597 6004221 5961286 784939 777009 11648520 15868409 6424474 8264429 5224046 7603980 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 true 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 98 0 true 81 true true true false false false false 1324947 283877 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 ANTHONY K ANDERSON DIRECTOR 1.0 X 0 0 0 JAY L HENDERSON TREASURER 1.0 X X 0 FREDERICK H WADDELL PRESIDENT 1.0 X X 0 JOHN A CANNING JR ASSISTANT TREASURER 1.0 X X 0 THOMAS A COLE ASSISTANT SECRETARY 1.0 X X 0 SHEILA A PENROSE DIRECTOR 1.0 X 0 BRYANT L KEIL SECRETARY 2.0 X X 0 DAVID B SPEER VICE PRESIDENT 1.0 X X 0 CHARLES A TRIBBETT III DIRECTOR 1.0 X 0 MILES D WHITE DIRECTOR 1.0 X 0 LARRY D RICHMAN DIRECTOR 1.0 X 0 FRANK T STOVER ASS'T SECRETARY/GENERAL MGR 40.0 X 360869 44595 THOMAS WALBERG ASSISTANT GM 40.0 X 148774 14543 509643 0 59138 2 false true false Gary Lee Partners 360 W Superior Street CHICAGO IL 60654 Consulting 262674 Bulley Andrews 1755 West Armitage Avenue CHICAGO IL 60622 Renovations 634119 Desks Inc 225 West Ohio Street Suite 500 CHICAGO IL 60654 Furniture INSTALL 136160 Sidley Austin One South Dearborn CHICAGO IL 60603 Consulting 158680 4 0 MEMBERSHIP DUES 713910 2875401 2875401 INITIATION FEES & CAPITAL ASSESSMENTS 713910 1324947 1324947 FOOD & BEVERAGE DEPARTMENT 713910 883624 883624 OVERNIGHT ROOMS 713910 504802 270266 234536 TELEPHONE 713910 28 28 5588802 18350 18350 0 0 187427 0 96969 90458 0 90458 90458 176264 122982 53282 53282 53282 0 0 1529715 542312 987403 948919 38484 0 6738295 6303185 435110 0 0 0 0 405464 0 1955592 439436 705903 200294 0 0 42222 0 0 414 157692 4615 97552 66509 0 623254 0 0 6608 0 0 602198 10716 EQUIPMENT RENTAL & MAINTENANCE 201712 SUPPLIES 236443 MISCELLANEOUS EXPENSES 121697 INCOME TAX EXPENSE 82965 5961286 3000 3000 2447381 1915999 0 0 385159 507094 0 0 0 0 0 0 173420 186890 15434 14705 28408208 16127568 7796461 12280640 0 0 0 0 0 0 0 0 807665 960081 11648520 15868409 870951 884500 0 0 946920 958151 0 0 0 0 0 0 0 3267475 0 0 4606603 3154303 6424474 8264429 X 5224046 7603980 0 0 0 0 5224046 7603980 11648520 15868409 X 777009 1602925 X false true X true false 768397 768397 2906787 2906787 7082632 5762985 1319647 17650392 10364583 7285809 12280640 QUALIFIED DEFERRED COMP 960081 960081 0 DEFERRED COMPENSATION PLAN 1058191 ACCRUED POSTRETIREMENT BENEFIT 55423 ACCRUED PENSION COST 1974196 INTEREST RATE SWAP AGREEMENT 66493 3154303 X 4649539 -2088342 -2088342 6737881 414 414 6738295 5541948 1669418 1669418 3872530 414 2088342 2088756 5961286 PART X, LINE 2, FIN 48 ASC Subtopic 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. As of December 31, 2013, the Club's income tax returns for fiscal years 2010 and subsequent years are subject to examination by the IRS. PART XI, LINE 2D TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS - ($2,088,342) PART XII, LINE 2D DECREASE IN PENSION/POSTRETIREMENT LIABILITY - 1,669,418 PART XII, LINE 4B TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS - $2,088,342 X true true X X false true false FRANK T STOVER ASS'T SECRETARY/GENERAL MGR 285000 45000 30869 33689 10906 405464 0 THOMAS WALBERG ASSISTANT GM 125008 18400 5366 0 14543 163317 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. Sch J, part I, line 4b the club has deferred compensation agreements with certain current key employees and two former ones. the current agreements are funded solely by the employees. monies deferred by current employees are invested in mutual funds which are stated at fair value on the statements of financial position. PART VI, LINES 6 & 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 & 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 DECREASE IN PENSION/POSTRETIREMENT LIABILITY - $1,669,418 UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT- ($66,493) ------------ $1,602,925