2012-11-13T15:01:11-06:00 2011-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2011-01-01 360898010 The Chicago Club % LINDA HOLMES CHIC 3124271825 81 EAST VAN BUREN ST CHICAGO IL 60605 R EDEN MARTIN 3124271813 2012-11-15 true Rebekuh Eley 3128569100 2011 2016-02-24 21:20:13Z R EDEN MARTIN 81 EAST VAN BUREN ST CHICAGO IL 60605 7202090 false X WWW.THECHICAGOCLUB.ORG X 1869 IL THE CHICAGO CLUB IS AND SHALL CONTINUE TO BE THE PREMIER CLUB serving THE BUSINESS, CIVIC, EDUCATIONAL & philanthropic leaders, by providing OUTSTANDING DINING, SERVICE, AND CLUBHOUSE FACILITIES. 11 11 86 11 374971 140488 0 0 5370281 5414849 18709 20415 1120564 1107247 6509554 6542511 0 0 0 0 3346223 3392814 0 0 0 2203932 2177664 5550155 5570478 959399 972033 10174463 11047656 5354613 6057583 4819850 4990073 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 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 false true 99 0 true 86 true true true false false false false 1202906 245116 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 1.0 X 0 0 0 JAY L HENDERSON 1.0 X X 0 0 0 FREDERICK H WADDELL 1.0 X X 0 0 0 JOHN A CANNING JR 1.0 X X 0 0 0 THOMAS A COLE 1.0 X X 0 0 0 SHEILA A PENROSE 1.0 X 0 0 0 BRYANT L KEIL 2.0 X X 0 0 0 R EDEN MARTIN 1.0 X X 0 0 0 DAVID B SPEER 1.0 X X 0 0 0 CHARLES A TRIBBETT III 1.0 X 0 0 0 MILES D WHITE 1.0 X 0 0 0 LARRY D RICHMAN 1.0 X 0 0 0 FRANK T STOVER 40.0 X 288613 0 43708 THOMAS WALBERG 40.0 X 115270 0 14995 403883 0 58703 2 false true false GRAY WALTER ASSOCIATES 1018 11TH STREET WILMETTE IL 60091 REMODELING 206818 1 0 MEMBERSHIP DUES 713910 2864670 2864670 INITIATION FEES & CAPITAL ASSESSMENTS 713910 1202906 1202906 FOOD & BEVERAGE DEPARTMENT 713910 880325 880325 OVERNIGHT ROOMS 713910 464093 278969 185124 FITNESS CENTER 713910 1960 1960 895 895 5414849 20415 20415 0 0 206086 85014 121072 121072 121072 0 0 0 1539807 574565 965242 926312 38930 OTHER REVENUE 900099 20933 11503 9430 20933 6542511 6167540 374971 0 0 0 0 403883 0 1779269 315057 708211 186394 0 0 52547 0 0 0 136357 14398 137772 57559 0 601491 0 0 8880 0 0 599300 6332 EQUIPMENT RENTAL & MAINTENANCE 238868 SUPPLIES 219303 MISCELLANEOUS EXPENSES 70957 INCOME TAX EXPENSE 33900 5570478 3000 3000 2016760 2717993 0 0 618540 538199 0 0 0 0 0 0 163945 171069 15930 18954 21745829 14872516 6592152 6873313 0 0 0 0 0 0 0 0 764136 725128 10174463 11047656 1006991 1075347 0 0 976483 957134 0 0 0 0 0 0 0 0 0 0 3371139 4025102 5354613 6057583 X 4819850 4990073 0 0 0 0 4819850 4990073 10174463 11047656 X 972033 -801810 X false true true X false 768397 768397 2906787 0 2906787 0 0 0 6833918 5429663 1404255 11236727 9442853 1793874 6873313 QUALIFED DEFERRED COMPENSATION 705128 DEPOSIT 20000 725128 0 DEFERRED COMPENSATION PLAN 810612 ACCRUED POSTRETIREMENT BENEFIT 46647 ACCRUED PENSION COST 3167843 4025102 6542511 5570478 972033 -801810 -801810 170223 4540973 -2001538 -2001538 6542511 6542511 4370750 801810 801810 3568940 2001538 2001538 5570478 PART X, LINE 2, FIN 48 In july 2006, the financial accounting standards board ("FASB") issued asc 740-10 (formerly fin 48), "accounting for uncertainty in income taxes." ("asc 740-10"). This standard 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. The standard went into effect for non-public entities for years beginning after december 15, 2008. 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 8 INCREASE IN PENSION/POSTRETIREMENT LIABILITY - (801,810) PART XII, LINE 2D TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS - ($2,001,538) PART XIII, LINE 2D INCREASE IN PENSION/POSTRETIREMENT LIABILITY - 801,810 PART XIII, LINE 4B TOTAL EXPENSES NETTED AGAINST REVENUE PER THE FINANCIAL STATEMENTS - $2,001,538 X true true X X false true false FRANK T STOVER 220528 0 37500 0 30585 0 32689 0 11019 0 332321 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. 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 ORGANIZATIONS 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. BUT, FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 5 INCREASE IN PENSION/POSTRETIREMENT LIABILITY - ($801,810)