EXECUTIVES CLUB OF CHICAGO: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- EXECUTIVES CLUB OF CHICAGO (EIN 36-1054078)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-14
- IRS object ID
- 201323189349307147
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-14T18:00:30-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 West Madison Street | AddressLine1 |
| Address Line2 | Suite 700 | AddressLine2 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606024903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361054078 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EXECUTIVES' CLUB OF CHICAGO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EXEC | NameControl |
| Phone | 3122633500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 South Michigan Avenue | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELISSA L BEAN | Name |
| Title | PRESIDENT & CEO | Title |
| Date Signed | 2013-10-24 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Geralyn Hurd | Name |
| PTIN | P00933422 | PTIN |
| Phone | 3128997000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELISSA BEAN | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 South Michigan Avenue | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3976393 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.EXECUTIVESCLUB.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1911 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | THE EXECUTIVES' CLUB IS CHICAGO'S PREMIER MEMBERSHIP AND BUSINESS FORUM. FOR MORE THAN ONE HUNDRED YEARS, THE CLUB HAS BEEN A VALUED RESOURCE FOR CHICAGO'S BUSINESS LEADERS - CONNECTING MEMBERS, AND PROVIDING OPPORTUNITIES FOR STRATEGIC RELATIONSHIP DEVELOPMENT, ACCESS TO INTELLECTUAL EXCHANGE AND WORLD CLASS SPEAKERS, AND ENHANCED EXPOSURE TO THE GLOBAL BUSINESS COMMUNITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 42 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 41 | NbrIndependentVotingMembers |
| Total Nbr Employees | 19 | TotalNbrEmployees |
| Total Nbr Volunteers | 69 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4334351 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3961811 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -13774 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1973 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 14403 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12116 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4334980 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3975900 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1679413 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1949867 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2484305 | OtherExpensePriorYear |
| Other Expenses Current Year | 1716865 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4163718 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3666732 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 171262 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 309168 | RevenuesLessExpensesCY |
| Total Assets BOY | 1104305 | TotalAssetsBOY |
| Total Assets EOY | 1391264 | TotalAssetsEOY |
| Total Liabilities BOY | 742622 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 720413 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 361683 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 670851 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE EXECUTIVES' CLUB OF CHICAGO SERVES THE MIDWEST BY PROVIDING INFORMATION AND RESOURCES NEEDED TO ESTABLISH EFFECTIVE GLOBAL PARTNERSHIPS, ENHANCE INTELLECTUAL EXCHANGE, DEVELOP FUTURE DIVERSE BUSINESS AND CIVIC LEADERS, AND PROMOTE CHICAGO AS A WORLD CLASS BUSINESS CENTER. CONTINUED IN SCHEDULE O. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 352834 | Expense |
| Revenue | 1164212 | Revenue |
| Description | ONE OF THE NATION'S PREMIER SPEAKERS FORUMS, THE EXECUTIVES' CLUB'S GLOBAL LEADERS LUNCHEONS PROVIDE CLUB MEMBERS AND GUESTS WITH UNPRECEDENTED ACCESS TO THE POLITICAL, POLICY, CORPORATE, AND INSTITUTIONAL LEADERS WHOSE EXPERTISE, INSIGHTS, AND EXPERIENCE SHAPE THE GLOBAL BUSINESS CLIMATE. HELD SEPTEMBER THROUGH JUNE, THESE DYNAMIC LUNCHEONS TARGET A DIVERSE RANGE OF INDUSTRIES AND EXPLORE TOPICS CHOSEN FOR THEIR RELEVANCE TO CURRENT GLOBAL BUSINESS AND ECONOMIC TRENDS. GLOBAL LEADERS LUNCHEONS REGULARLY ATTRACT AUDIENCES OF 800-1,800, DRAWN FROM CHICAGOLAND'S C-SUITE EXECUTIVES, SENIOR PROFESSIONALS, AND EMERGING LEADERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 153078 | Expense |
| Revenue | 502258 | Revenue |
| Description | LAUNCHED IN 2004, THE EXECUTIVES' CLUB'S QUARTERLY WOMEN'S LEADERSHIP BREAKFASTS HAVE BECOME CHICAGO'S LARGEST SPEAKERS' FORUM DEDICATED TO THE NEEDS AND INTERESTS OF BUSINESS AND PROFESSIONAL WOMEN. THESE BREAKFAST PROGRAMS REGULARLY ATTRACT 1,100-1,200 PEOPLE - PRIMARILY WOMEN - FOR PANEL DISCUSSIONS AMONG REMARKABLE WOMEN WHO ARE ROLE MODELS OF SUCCESS. EACH BREAKFAST IS ORGANIZED AROUND A THEME RELEVANT TO WOMEN FROM DIVERSE FIELDS, AND SPEAKERS ARE SELECTED FOR THEIR CAPACITY TO IMPART LESSONS OF VALUE TO WOMEN AT VARYING STAGES IN THEIR CAREERS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 53277 | Expense |
| Revenue | 279256 | Revenue |
| Description | AT QUARTERLY BREAKFASTS, THE EXECUTIVES' CLUB INTRODUCES THE CHICAGO BUSINESS COMMUNITY TO CEOS WHO HAVE RECENTLY TAKEN THE HELM OF MULTINATIONAL CORPORATIONS HEADQUARTERED IN THE METROPOLITAN AREA OR WHO HAVE RECENTLY RELOCATED THEIR COMPANIES TO THE WINDY CITY. NOT ONLY DO THE CHICAGO CEO BREAKFASTS SHOWCASE THE INNOVATIVE STRATEGIES ON WHICH THESE TALENTED CEOS RELY TO REMAIN COMPETITIVE, THEY ALSO HELP BUILD AND MAINTAIN A SENSE OF COMMUNITY, EVEN AS THAT COMMUNITY GROWS AND CHANGES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 559189 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 11 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 19 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 42 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 41 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Melissa Bean | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3122633500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 SOUTH MICHIGAN AVENUE STE 320 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (46 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CARL E VANDER WILT | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| DEBORAH L DEHAAS | |||||||
| FIRST VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| GREGORY Q BROWN | |||||||
| SECOND VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| ILENE S GORDON | |||||||
| CHAIRMAN | 3.00 | X | X | 0 | 0 | 0 | |
| JOHN J CONROY JR | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| MELISSA L BEAN | |||||||
| PRESIDENT & CEO | 40.00 | X | X | 409234 | 0 | 7984 | |
| ANA DUTRA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANNE PRAMAGGIORE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| AYLWIN B LEWIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHRIS CURTIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| COLIN DYER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CONNIE LINDSEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CRAIG J DUCHOSSOIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DAVID HANFLAND | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DAVID P STORCH | |||||||
| DIRECTOR (PARTIAL YEAR) | 1.00 | X | 0 | 0 | 0 | ||
| DAVID W NELMS | |||||||
| DIRECTOR & PAST-CHAIRMAN | 1.00 | X | 0 | 0 | 0 | ||
| DEAN HARRISON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DEBRA CAFARO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DONALD SOUTHWELL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ELLEN COSTELLO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GAIL K BOUDREAUX | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GLENN TILTON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GREG C CASE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JAY HENDERSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN R ETTELSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN W ESTEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LARRY D RICHMAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MANUEL SANCHEZ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARK THIERER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARTIN P SLARK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL REINSDORF | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| P CODY PHIPPS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PATRICK CANNING | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| QUINTIN PRIMO III | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD S PRICE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT L PARKINSON JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SCOTT C SWANSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS RICKETTS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TIMOTHY MULHERE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TOM RICHARDS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TONISE PAUL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| W ROBERT REUM | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM J DOYLE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CINDY DIEHL YANG | |||||||
| VICE PRESIDENT, OPERATIONS | 40.00 | 138643 | 0 | 4702 | X | ||
| KATHRYN KRIVY | |||||||
| VICE PRESIDENT, PROGRAM DEVELOPMENT & BOARD RELATIONS | 40.00 | 114804 | 0 | 3664 | X | ||
| GABRIELLE SAYLOR | |||||||
| GLOBAL ACCOUNTS | 40.00 | 106251 | 0 | 3131 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 768932 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 19481 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE SOUTH WACKER DRIVE 800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | SOFTWARE DEVELOPMENT | DescriptionOfServices |
| Compensation | 232429 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MEETINGS & CONFERENCES | 900099 | 2625856 | 2625856 |
| MEMBER DUES | 900099 | 867060 | 867060 |
| BARTER INCOME | 900099 | 468895 | 468895 |
| 0 | |||
| 0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3961811 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2466 | TotalRevenueColumn |
| Exclusion | $2,466 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 493 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | -493 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -493 | TotalRevenueColumn |
| Exclusion | -$493 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OTHER INCOME | 900099 | 12116 | 12116 |
| 0 | |||
| 0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 12116 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3975900 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3973927 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,973 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 440951 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1234576 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41336 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 233004 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93134 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31632 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 439845 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75408 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62442 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121765 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74166 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 515958 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61778 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8552 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| AUDIO VISUAL | 115555 |
| DUES & SUBSCRIPTIONS | 61228 |
| CREDIT CARD FEES | 38532 |
| REPAIRS & MAINTENANCE | 10785 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6085 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3666732 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 294946 | BOY |
| EOY | 179596 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 559430 | BOY |
| EOY | 761803 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73886 | BOY |
| EOY | 124574 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47097 | BOY |
| EOY | 61239 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 366100 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 102048 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128820 | BOY |
| EOY | 264052 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1104305 | BOY |
| EOY | 1391264 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301943 | BOY |
| EOY | 324008 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 397532 | BOY |
| EOY | 348260 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43147 | BOY |
| EOY | 48145 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 742622 | BOY |
| EOY | 720413 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 361683 | BOY |
| EOY | 670851 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 361683 | BOY |
| EOY | 670851 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1104305 | BOY |
| EOY | 1391264 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 309168 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 212330 | OtherCostOrOtherBasis |
| Depreciation | 86547 | Depreciation |
| Book Value | 125783 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 153770 | OtherCostOrOtherBasis |
| Depreciation | 15501 | Depreciation |
| Book Value | 138269 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 264052 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED RENT ABATEMENT | $48,145 |
| $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 48145 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 (ASC 740) footnote | Identifier |
| Return Reference | Schedule D, Part X, Line 2 | ReturnReference |
| Explanation | INCOME TAXES: THE EXECUTIVES' CLUB OF CHICAGO IS A NON-PROFIT ORGANIZATION AND QUALIFIES UNDER SECTION 501 (C)(6) OF THE INTERNAL REVENUE CODE FOR TAX-EXEMPT STATUS. THE CLUB FOLLOWS ACCOUNTING STANDARDS APPLICABLE TO UNCERTAIN INCOME TAX POSITIONS. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE CLUB HAS HAD NO UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES THE CLUB HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL LOSS OF ITS TAX-EXEMPT STATUS. THE CLUB RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE CLUB RECOGNIZED AND ACCRUED NO AMOUNTS FOR INTEREST OR PENALTIES AS OF AND FOR THE YEAR ENDED JUNE 30, 2013 OR 2012. THE CLUB HAS NOT BEEN EXAMINED BY ANY TAX JURISDICTION. THE CLUB IS NO LONGER SUBJECT TO EXAMINATION BY THE FEDERAL OR STATE TAXING AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2010. THE CLUB DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MELISSA L BEAN | NamePerson |
| Title | PRESIDENT & CEO | Title |
| Base Compensation Filing Org | 350000 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 59234 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 7500 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 484 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 417218 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1 | THE EXECUTIVES' CLUB OFFERS MORE THAN 60 PROGRAMS A YEAR, AT WHICH MEMBERS AND THEIR GUESTS ENJOY A RICH MIX OF OPTIONS FOR PROFESSIONAL RELATIONSHIP BUILDING, CLIENT CONNECTION BUILDING, AND PERSONAL ENRICHMENT. BRANDED TO MEET THE VARIOUS NEEDS OF OUR MEMBERS, THESE PROGRAMS ARE OFTEN PRESENTED IN A SERIES THROUGHOUT THE SEASON: -GLOBAL LEADERS LUNCHEONS -CHICAGO CEO BREAKFASTS -TECHNOLOGY CONFERENCES -WOMEN'S LEADERSHIP PROGRAMS -NEW LEADERS CIRCLE PROGRAMS -CIVIC AFFAIRS AND OTHER COMMITTEE PROGRAMS -GLOBAL CONFERENCES -RECEPTIONS THE MEMBERS OF THE EXECUTIVES' CLUB OF CHICAGO INCLUDE SENIOR-LEVEL EXECUTIVES; UP-AND-COMING YOUNG LEADERS; PROFESSIONALS AND ENTREPRENEURS OF LARGE AND SMALL LOCAL, NATIONAL, AND MULTINATIONAL CORPORATIONS; LEADERS OF UNIVERSITIES; STATE AND CITY GOVERNMENT OFFICIALS; AND FOREIGN DIGNITARIES. CLUB MEMBERS ARE LEADERS IN 25 MAJOR INDUSTRY SECTORS INCLUDING BUT NOT LIMITED TO: FINANCE, TECHNOLOGY, MANUFACTURING, HEALTHCARE, INSURANCE, RETAIL, COMMUNICATIONS, AND PROFESSIONAL SERVICES. ECC'S CORE OBJECTIVES ARE TO: -PROMOTE DISCUSSION ON ISSUES OF REGIONAL, NATIONAL, AND GLOBAL IMPORTANCE TO THE BUSINESS COMMUNITY; -PROVIDE A FORUM FOR SHARING OF BEST BUSINESS PRACTICES; -PROVIDE SHARED EXPERIENCES FOR A HIGHLY DIVERSE SET OF EXECUTIVES AND PROFESSIONALS FROM THE CHICAGO BUSINESS COMMUNITY; -DEVELOP DIVERSE GLOBAL AND CIVIC MINDED BUSINESS LEADERS; AND -PROMOTE CHICAGO AS A WORLD CLASS BUSINESS CENTER. |
| Delegate broad authority to a committee | Form 990, Part VI, Section A, Line 1a | THE CLUB SHALL HAVE AN EXECUTIVE COMMITTEE, COMPOSED OF THE CHAIR OF THE BOARD OF DIRECTORS, THE FIRST VICE CHAIR AND SECOND VICE CHAIR OF THE BOARD OF DIRECTORS, THE TWO FORMER CHAIRS OF THE BOARD OF DIRECTORS WHO HAVE MOST RECENTLY SERVED IN THAT CAPACITY, THE SECRETARY AND THE TREASURER. THE CHAIR OF THE BOARD OF DIRECTORS SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE. THE CHIEF EXECUTIVE OFFICER & PRESIDENT SHALL SERVE ON THE EXECUTIVE COMMITTEE ON AN EX-OFFICIO BASIS. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE, ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE CLUB, IN ALL CASES IN WHICH SPECIFIC DIRECTIONS SHALL NOT HAVE BEEN GIVEN BY THE BOARD OF DIRECTORS OR FOR REASONS OF STABILITY OR CONTINUITY, SUBJECT TO LIMITATIONS. |
| Classes of members or stockholders | Form 990, Part VI, Section A, Line 6 | THE CLUB HAS MULTIPLE CLASSES OF MEMBERS, INCLUDING BUT NOT LIMITED TO: - CORPORATE MEMBERS - INDIVIDUAL MEMBERS - LEADERSHIP CIRCLE MEMBERS - DIPLOMATIC CORPS MEMBERS - GOVERNMENTAL AGENCY MEMBERS - NOT-FOR-PROFIT MEMBERS - RETIRED MEMBERS - NON-RESIDENT MEMBERS - VETERAN MEMBERS - HONORARY MEMBERS - LIFE-SERVICE MEMBERS THE QUALIFICATIONS AND RIGHTS OF EACH CLASS OF MEMBERS ARE AS FOLLOWS: CORPORATE MEMBERS SHALL BE DIVIDED INTO FOUR LEVELS OF CORPORATE MEMBERSHIP: "CORPORATE I PREMIER" WILL CONSIST OF TWELVE EXECUTIVES FROM COMPANIES WITH MORE THAN TWO-HUNDRED EMPLOYEES. "CORPORATE I" WILL CONSIST OF SIX EXECUTIVES FROM COMPANIES WITH MORE THAN TWO-HUNDRED EMPLOYEES. "CORPORATE II" WILL CONSIST OF FOUR EXECUTIVES FROM COMPANIES WITH FIFTY-ONE TO TWO-HUNDRED EMPLOYEES. "CORPORATE III" WILL CONSIST OF TWO EXECUTIVES FROM COMPANIES WITH ONE TO FIFTY EMPLOYEES. EACH CORPORATE MEMBER SHALL BE ENTITLED TO DESIGNATE FROM TIME TO TIME, IN ACCORDANCE WITH SUCH CORPORATE MEMBER'S APPLICABLE LEVEL OF CORPORATE MEMBERSHIP, THOSE EXECUTIVES WHO WILL BE CONSIDERED TO BE MEMBERS OF THE CLUB. EACH INDIVIDUAL EXECUTIVE DESIGNATED BY A CORPORATE MEMBER AS A MEMBER OF THE CLUB SHALL BE ENTITLED TO ONE VOTE. INDIVIDUAL MEMBERS SHALL BE DIVIDED INTO TWO LEVELS OF MEMBERSHIP: "INDIVIDUAL MEMBERS I" ARE THOSE MEMBERS WHO ARE NOT OTHERWISE CATEGORIZED IN ONE OF THE OTHER CLASSES OF MEMBERSHIP AND WHO ARE ENTITLED TO ATTEND EIGHT LUNCHEONS, WITHOUT CHARGE, AS PART OF THEIR MEMBERSHIP. "INDIVIDUAL MEMBERS II" ARE THOSE MEMBERS WHO ARE NOT OTHERWISE CATEGORIZED IN ONE OF THE OTHER CLASSES OF MEMBERSHIP AND WHO ARE CHARGED SEPARATELY FOR LUNCHEONS. LEADERSHIP CIRCLE MEMBERS ARE THOSE INDIVIDUALS UNDER FORTY YEARS OF AGE AT THE COMMENCEMENT OF EACH FISCAL YEAR OF THE CLUB AND SHALL BE COMPRISED OF TWO LEVELS OF MEMBERSHIP: "LEADERSHIP CIRCLE I" INCLUDES LEADERSHIP CIRCLE MEMBERS WHO ARE ENTITLED TO ATTEND SUCH NUMBER OF PROGRAMS WITHOUT CHARGE AS SHALL BE DETERMINED FROM TIME TO TIME BY THE CLUB'S THEN EFFECTIVE TERMS AND CONDITIONS OF MEMBERSHIP. "LEADERSHIP CIRCLE II" INCLUDES LEADERSHIP CIRCLE MEMBERS WHO ARE ENTITLED TO ATTEND SUCH NUMBER OF PROGRAMS AT SUCH MEMBER RATES AS SHALL BE DETERMINED FROM TIME TO TIME BY THE CLUB'S THEN EFFECTIVE TERMS AND CONDITIONS OF MEMBERSHIP. DIPLOMATIC CORPS MEMBERS ARE THOSE DIPLOMATS REPRESENTING FOREIGN NATIONS, WHO ARE NOT RESIDENTS OF CHICAGO OR ITS VICINITY BEFORE BECOMING DIPLOMATS AND WHO ARE NOT CITIZENS OF THE UNITED STATES OF AMERICA. IT SHALL ALSO INCLUDE THE CHIEF CONSULAR REPRESENTATIVE OF A FOREIGN NATION WHO IS IN CHARGE OF A CHICAGO CONSULATE OF SUCH A FOREIGN NATION. GOVERNMENTAL AGENCY MEMBERS ARE THOSE HEADS OF UNITED STATES, REGIONAL, STATE, COUNTY, LOCAL OR MUNICIPAL GOVERNMENT AGENCIES, AUXILIARIES AND INSTITUTIONS WHETHER HEADQUARTERED IN WASHINGTON D.C. OR LOCATED IN THE STATE OF ILLINOIS. NOT-FOR-PROFIT MEMBERS ARE PERSONS WHO ARE EXECUTIVES OF INSTITUTIONS, ORGANIZATIONS AND FOUNDATIONS DESIGNATED AS "NON-PROFIT" WHOSE OBJECTIVES SEEK TO REALIZE THE PARTICULAR VALUES WHICH THEY PURPORT TO SERVE. RETIRED MEMBERS ARE THOSE MEMBERS OF THE CLUB WHO HAVE RETIRED FROM FULL-TIME EMPLOYEE STATUS IN THEIR RESPECTIVE COMPANIES, INSTITUTIONS, ORGANIZATIONS AND FOUNDATIONS, BUT WHO STILL DESIRE TO RETAIN THEIR MEMBERSHIP IN THE CLUB. NON-RESIDENT MEMBERS ARE ELIGIBLE PERSONS WHOSE PLACE OF BUSINESS IS MORE THAN FIFTY MILES FROM THE CITY OF CHICAGO. SUCH PERSONS MAY MAKE AN ORIGINAL APPLICATION FOR NON-RESIDENT MEMBERSHIP. IN CASE THE PLACE OF BUSINESS OF ANY MEMBER SHALL BE MOVED TO A PLACE MORE THAN FIFTY MILES FROM THE CITY OF CHICAGO, SUCH A MEMBER MAY, UPON APPLICATION TO THE SECRETARY AND BY FAVORABLE ACTION OF THE BOARD OF DIRECTORS, BE MADE A NON-RESIDENT MEMBER OF THE CLUB. IF THE PLACE OF BUSINESS OF ANY NON-RESIDENT MEMBER IS REMOVED TO WITHIN FIFTY MILES FROM THE CITY OF CHICAGO THAT PERSON SHALL NO LONGER BE A NON-RESIDENT MEMBER, AND MAY, UPON APPLICATION TO THE SECRETARY AND BY FAVORABLE ACTION OF THE BOARD OF DIRECTORS, BECOME A MEMBER. VETERAN MEMBERS ARE THOSE PERSONS WHO HAVE BEEN MEMBERS IN GOOD STANDING FOR A TOTAL PERIOD OF THIRTY YEARS. VETERAN MEMBERS, UPON MAKING APPLICATION TO, AND WITH THE APPROVAL OF, THE BOARD OF DIRECTORS, ARE ELIGIBLE TO RETAIN FULL MEMBERSHIP UPON PAYMENT OF FIFTY PERCENT OF THE REGULAR DUES. AFTER THIRTY-FIVE YEARS OF MEMBERSHIP IN THE CLUB, ALL DUES WILL BE WAIVED. HONORARY MEMBERS ARE THOSE MEMBERS WHO, BY THE UNANIMOUS VOTE OF THE DIRECTORS PRESENT AT ANY MEETING OF THE BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT, ARE ELECTED AS HONORARY MEMBERS OF THE CLUB BY VIRTUE OF THEIR PREEMINENT STANDING OR WHO HAVE OTHERWISE DISTINGUISHED THEMSELVES. LIFE-SERVICE MEMBERS. THOSE MEMBERS WHO HAVE SERVED AS CHAIR OF THE BOARD OF DIRECTORS SHALL, UPON COMPLETION OF SUCH TERM OF OFFICE, AUTOMATICALLY BECOME LIFE-SERVICE MEMBERS AND SHALL BE ENTITLED TO ALL THE PRIVILEGES OF MEMBERSHIP IN THE CLUB WITHOUT ASSESSMENT OR PAYMENT OF DUES. |
| Members or stockholders electing members of governing body | Form 990, Part VI, Section A, Line 7a | PLEASE SEE THE NARRATIVE FORM 990, PART VI,SECTION A, LINE 6 |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | THE AUDIT COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS IS PRIMARILY RESPONSIBLE FOR OVERSEEING THE PREPARATION OF THE ORGANIZATION'S ANNUAL INFORMATION RETURN (FORM 990). A COPY OF THE ORGANIZATION'S ANNUAL INFORMATION RETURN IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE TIME IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | ANNUALLY THE ORGANIZATION REQUIRES EACH OF THE MEMBERS OF ITS BOARD OF DIRECTORS AND OFFICERS TO CERTIFY COMPLIANCE WITH THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY, WHICH REQUIRES DISCLOSURE OF MATERIAL FAMILY OR BUSINESS RELATIONSHIPS INVOLVING THE ORGANIZATION. THE ANNUAL CERTIFICATIONS ARE REVIEWED BY MANAGEMENT OF THE ORGANIZATION AND ANY POTENTIAL CONFLICTS OF INTEREST IDENTIFIED AS PART OF THE ANNUAL CERTIFICATION PROCESS ARE REFERRED TO THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR EVALUATION AND RESOLUTION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MEMBERS OF THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON MUST LEAVE THE MEETING OF THE BOARD OR COMMITTEE WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS WILL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE MEETING OF THE BOARD OR COMMITTEE AT WHICH THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST IS TO BE CONSIDERED, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE WILL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CLUB'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE BOARD OR COMMITTEE WILL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| Process used to establish compensation of top management official | Form 990, Part VI, Section B, Line 15a | THE COMPENSATION PAID TO THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE OFFICER WAS DETERMINED BY THE EXECUTIVE COMMITTEE AND GOVERNANCE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS DURING THE 2012-13 FISCAL YEAR. THE COMPENSATION ARRANGEMENTS RELATING TO THE ORGANIZATION'S PRESIDENT /CHIEF EXECUTIVE OFFICER ARE DETERMINED USING COMPARABILITY DATA FROM OTHER ORGANIZATIONS AS WELL AS NONPROFIT SALARY SURVEYS. THE COMPENSATION ARRANGEMENT IS APPROVED BY THE EXECUTIVE COMMITTEE AND GOVERNANCE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND DOCUMENTED IN A WRITTEN EMPLOYMENT AGREEMENT. |
| PROCESS FOR DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES | FORM 990, PART VI, LINE 15B | THE ORGANIZATION DOES NOT HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES PER THE IRS' DEFINITION. THEREFORE, FORM 990, PART VI, LINES 15B ARE NOT APPLICABLE AND HAVE BEEN INTENTIONALLY ANSWERED "NO" IN ACCORDANCE WITH THE INSTRUCTIONS TO THE FORM 990. |
| Governing documents, conflict of interest policy and financial statements available to the public | Form 990, Part VI, Section C, Line 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
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