EXECUTIVES CLUB OF CHICAGO: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: EXECUTIVES CLUB OF CHICAGO (EIN 36-1054078)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-15
IRS object ID: 201143199349300844
Schema version: 2010v3.2
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
Form 990
Schedule B
Schedule C
Schedule D
Schedule F
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-15T09:00:14-06:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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 BEAN	Name
Title	PRESIDENT AND CEO	Title
Date Signed	2011-10-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	3128997000	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	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	3682717	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 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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	50	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	49	NbrIndependentVotingMembers
Total Nbr Employees	30	TotalNbrEmployees
Total Nbr Volunteers	60	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	43549	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3190475	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3613108	ProgramServiceRevenueCY
Investment Income Prior Year	26450	InvestmentIncomePriorYear
Investment Income Current Year	1142	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1283	OtherRevenuePriorYear
Other Revenue Current Year	4265	OtherRevenueCurrentYear
Total Revenue Prior Year	3218208	TotalRevenuePriorYear
Total Revenue Current Year	3662064	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	1351599	SalariesEtcPriorYear
Salaries Etc Current Year	1948018	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	1848127	OtherExpensePriorYear
Other Expenses Current Year	2626140	OtherExpensesCurrentYear
Total Expenses Prior Year	3199726	TotalExpensesPriorYear
Total Expenses Current Year	4574158	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	18482	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-912094	RevenuesLessExpensesCY
Total Assets BOY	1668487	TotalAssetsBOY
Total Assets EOY	1212082	TotalAssetsEOY
Total Liabilities BOY	565972	TotalLiabilitiesBOY
Total Liabilities EOY	1021661	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1102515	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	190421	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 Change	false	SignificantChange
Description	THE GLOBAL LEADERS LUNCHEONS ALLOW GLOBAL BUSINESS LEADERS TO SHARE THEIR CORPORATE INSIGHTS AND PHILANTHROPIC VISION. THESE LUNCHEONS CONTINUE TO DRAW THE BEST AND BRIGHTEST FROM THE WORLD'S MOST IMPORTANT BUSINESSES.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	THE WOMEN'S LEADERSHIP BREAKFAST SHOWCASES THE MANY TALENTED WOMEN LEADING CHICAGO BUSINESSES AND PROVIDES A FORUM FOR SHARING THEIR PERSPECTIVES.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	THE CHICAGO CEO BREAKFAST SERIES ADDRESSES THE ISSUES MOST RELEVANT TO THE CHICAGOLAND AUDIENCE. BREAKFASTS FEATURE LOCAL CHIEF EXECUTIVE OFFICERS WHOSE INNOVATIVE STRATEGIES HAVE ENABLED THEIR COMPANIES TO COMPETE SUCCESSFULLY BY ADAPTING TO CHANGE QUICKLY AND EFFICIENTLY.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	true	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	true	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	true	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	24	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	30	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	true	NonDeductibleContributions
Non Deductible Disclosure	true	NonDeductibleDisclosure
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	50	NbrVotingGoverningBodyMembers
Number Independent Voting Members	49	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 (52 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
SCOTT C SWANSON
DIRECTOR	1	X	0	0	0
GREGG SHERRILL
DIRECTOR	1	X	0	0	0
THOMAS RICKETTS
DIRECTOR	1	X	0	0	0
AYLWIN B LEWIS
DIRECTOR	1	X	0	0	0
GAIL K BOUDREAUX
DIRECTOR	1	X	0	0	0
KAARINA KOSKENALUSTA
PRESIDENT & CEO	40		430171	0	8796	X
CONNIE LINDSEY
DIRECTOR	1	X	0	0	0
DAVID P STORCH
DIRECTOR	1	X	0	0	0
MARTIN P SLARK
DIRECTOR	1	X	0	0	0
LARRY D RICHMAN
DIRECTOR	1	X	0	0	0
W ROBERT REUM
DIRECTOR	1	X	0	0	0
THOMAS J QUINLAN III
DIRECTOR	1	X	0	0	0
TONISE PAUL
DIRECTOR	1	X	0	0	0
DAVID W NELMS
FIRST CHAIRMAN	3	X	0	0	0	X
CATHERINE O'CONNOR
DIRECTOR	1	X	0	0	0
GARY E MCCULLOUGH
DIRECTOR	1	X	0	0	0
PAUL A LAUDICINA
DIRECTOR	1	X	0	0	0
ADAM J GUTSTEIN
DIRECTOR	1	X	0	0	0
ILENE S GORDON
SECOND VICE CHAIRMAN	1	X	0	0	0	X
J ERIK FYRWALD
DIRECTOR	1	X	0	0	0
DAVID W FOX JR
DIRECTOR	1	X	0	0	0
JOHN R ETTELSON
DIRECTOR	1	X	0	0	0
JOHN W ESTEY
DIRECTOR	1	X	0	0	0
JOHN A EDWARDSON
DIRECTOR	1	X	0	0	0
COLIN DYER
DIRECTOR	1	X	0	0	0
CRAIG J DUCHOSSOIS
DIRECTOR	1	X	0	0	0
WILLIAM J DOYLE
DIRECTOR	1	X	0	0	0
DEBORAH L DEHAAS
DIRECTOR	1	X	0	0	0	X
ELLEN COSTELLO
DIRECTOR	1	X	0	0	0
JOHN J CONROY JR
SECRETARY	1	X	0	0	0	X
CARL E VANDER WILT
TREASURER	1	X	0	0	0	X
CRAIG S DONOHUE
CHAIRMAN	1	X	0	0	0	X
DAVID B SPEER
EX OFFICIO	1	X	0	0	0	X
ROBERT L PARKINSON JR
EX-OFFICIO	1	X	0	0	0
MELISSA L BEAN
PRESIDENT & CEO	40	X	0	0	0	X
ANNE PRAMAGGIORE
DIRECTOR	1	X	0	0	0
DONALD SOUTHWELL
DIRECTOR	1	X	0	0	0
JOHN A CANNING JR
DIRECTOR	1	X	0	0	0
MICHAEL P DUFF JR
DIRECTOR	1	X	0	0	0
RUSSELL P FRADIN
DIRECTOR	1	X	0	0	0
RICHARD W GOCHNAUER
DIRECTOR	1	X	0	0	0
CHRISTOPHER G KENNEDY
DIRECTOR	1	X	0	0	0
V JAMES MARINO
DIRECTOR	1	X	0	0	0
JOHN W ROWE
DIRECTOR	1	X	0	0	0
WILLIAM E SAXELBY
DIRECTOR	1	X	0	0	0
GLENN F TILTON
DIRECTOR	1	X	0	0	0
JAMES C TYREE
DIRECTOR	1	X	0	0	0
RICHARD C VIE
DIRECTOR	1	X	0	0	0
FREDERICK H WADDELL
DIRECTOR	1	X	0	0	0
LINDA JOHNSON RICE
DIRECTOR	1	X	0	0	0
MANUEL SANCHEZ
DIRECTOR	1	X	0	0	0
MARY MACLAREN
INTERIM EXECUTIVE DIRECTOR, ACTING PRESIDENT & CEO	40		75897	0	3782	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	506068	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	12578	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Federated Campaigns	0	FederatedCampaigns
Membership Dues	0	MembershipDues
Fundraising Events	0	FundraisingEvents
Related Organizations	0	RelatedOrganizations
Government Grants	0	GovernmentGrants
All Other Contributions	43549	AllOtherContributions
Noncash Contributions	43549	NoncashContributions
Total Contributions	43549	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MEMBER DUES	908038	908038
MEETINGS AND CONFERENCES	2360070	2360070
SPONSORSHIP INCOME	345000	345000

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	3613108	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	21795	TotalRevenueColumn
Exclusion	$21,795	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

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
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	0	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	20653	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	-20653	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-20653	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Exclusion	-$20,653	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
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Total Revenue Column	4265	TotalRevenueColumn
Related Or Exempt Function Income	4265	RelatedOrExemptFunctionIncome

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	4265	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3662064	TotalRevenueColumn
Related Or Exempt Function Income	3617373	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$1,142	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1715141	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	18604	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	214273	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	49987	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	69093	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	187941	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	375237	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	124180	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	20668	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	100383	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	65593	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	731259	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	23699	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	2331	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
AUDIO VISUAL	331410
CENTENNIAL EXPENSES	410598
PUBLIC RELATIONS/PHOTOGRAPHY	62992
MISCELLANEOUS	70769

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4574158	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	526685	BOY
EOY	541655	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	829684	BOY
EOY	383253	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	104808	BOY
EOY	83991	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	92176	BOY
EOY	77426	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	209542	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	91787	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	80816	BOY
EOY	117755	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	34318	BOY
EOY	8002	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1668487	BOY
EOY	1212082	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	179829	BOY
EOY	526986	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	344568	BOY
EOY	458974	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	6811	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	34764	BOY
EOY	35701	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	565972	BOY
EOY	1021661	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1102515	BOY
EOY	190421	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1102515	BOY
EOY	190421	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1668487	BOY
EOY	1212082	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-912094	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Exmpt Function Expenditures	0	TotalExmptFunctionExpenditures
Total Lobbying Expenditures IIB	0	TotalLobbyingExpendituresIIB
Non Ded Lobby Political Total	0	NonDedLobbyPoliticalTotal

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	209542	OtherCostOrOtherBasis
Depreciation	91787	Depreciation
Book Value	117755	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Book Value	0	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	117755	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEFERRED RENT ABATEMENT	Description
Amount	$35,701	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	35701	TotalOfAmounts
Total Revenue	3662064	TotalRevenue
Total Expenses	4574158	TotalExpenses
Excess Or Deficit For Year	-912094	ExcessOrDeficitForYear
Other	$0	OtherAmount
Total Adjustments	0	TotalAdjustments
Excess Or Deficit Per FS	-912094	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3662064	TotRevenueEtcAuditedFinclStmt
Other Revenues	0	OtherRevenues
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	3662064	RevenueSubtotal
Other Revenues Not Included	0	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	3662064	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4574158	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	0	OtherExpensesIncluded
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	4574158	ExpensesSubtotal
Other Expenses Not Included	0	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	4574158	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	FIN 48 (ASC 740) footnote	Identifier
Return Reference	Schedule D, Part X, Line 2	ReturnReference
Explanation	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, 2011 OR 2010. 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, 2008. THE CLUB DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS.	Explanation

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable

Field	Value	IRS element (for citing)
Region	SOUTH ASIA	Region
Number Of Offices	0	NumberOfOffices
Number Of Employees	0	NumberOfEmployees
Type Of Activities Conducted	PROGRAM SERVICES	TypeOfActivitiesConducted
Specific Services Provided	ATTENDING CONFERENCES, MEETINGS & CONVENTIONS ABROAD	SpecificServicesProvided
Total Expenditures	11092	TotalExpenditures

Field	Value	IRS element (for citing)
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Total Amount Spent	11092	TotalAmountSpent
Transfer To Foreign Corp	false	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	false	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
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	KAARINA KOSKENALUSTA	NamePerson
Base Compensation Filing Org	338921	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	91250	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	5844	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	2952	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	438967	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Schedule M IRS990ScheduleM

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Description	OFFICE FURNITURE	Description
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	43549	NoncashContribsRptdF990
Method Of Determining Revenues	MARKET VALUE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Number Of8283 Received	0	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
REVENUE LESS EXPENSES	FORM 990, PART I, LINE 19	OUR FISCAL YEAR FINANCIALS, ENDING JUNE 30, 2011, REFLECT A LOSS, AS SHOWN ON LINE 19 OF THE 990 FORM. THE VAST MAJORITY OF THAT LOSS WAS DRIVEN BY ONE-TIME EXPENSES RELATED TO A CEO TRANSITION THAT OCCURRED LAST YEAR, PRIOR TO THE ARRIVAL OF A NEW CEO IN MARCH. FINANCIAL RESULTS ALSO WERE IMPACTED BY HIGHER EXPENSES ASSOCIATED WITH EVENTS COMMEMORATING THE EXECUTIVES' CLUB'S CENTENNIAL YEAR. FOR THE FIRST FOUR MONTHS OF THE CURRENT FISCAL YEAR (ENDING JUNE 30, 2012), CLUB REVENUES EXCEEDED EXPENSES.
ORGANIZATION'S MISSION	FORM 990, PART III, LINE 1	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. THE EXECUTIVES' CLUB IS ONE OF THE NATION'S OLDEST AND LEADING BUSINESS FORUMS FOR THOUGHT LEADERSHIP, EDUCATION, AND BEST BUSINESS PRACTICES. OFFERING MORE THAN 60 PROGRAMS A YEAR, 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.
Classes of members or stockholders	Form 990, Part VI, Section A, Line 6	THE ORGANIZATION HAS MULTIPLE CLASSES OF MEMBERS, INCLUDING BUT NOT LIMITED TO: -CORPORATE MEMBERS -INDIVIDUAL MEMBERS -YOUNG LEADER MEMBERS -DIPLOMATIC CORPS MEMBERS -GOVERNMENTAL AGENCY MEMBERS -NOT-FOR-PROFIT MEMBERS -RETIRED MEMBERS -NON-RESIDENT MEMBERS -VETERAN MEMBERS -HONORARY MEMBERS -LIFE-SERVICE MEMBERS EACH CLASS OF MEMBERS, OTHER THAN RETIRED MEMBERS, NON-RESIDENT MEMBERS AND HONORARY MEMBERS, IS ENTITLED TO VOTING RIGHTS WITH RESPECT TO THE ELECTION OF THE BOARD OF DIRECTORS AND ALL OTHER MATTERS ON WHICH THE MEMBERS OF THE ORGANIZATION ARE ENTITLED TO VOTE. THE QUALIFICATIONS AND RIGHTS OF EACH CLASS OF MEMBERS ENTITLED TO VOTING RIGHTS ARE AS FOLLOWS: CORPORATE MEMBERS ARE DIVIDED INTO THREE LEVELS OF CORPORATE MEMBERSHIP: "CORPORATE I" CONSISTS OF SIX EXECUTIVES FROM COMPANIES WITH MORE THAN 200 EMPLOYEES, "CORPORATE II" CONSISTS OF FOUR EXECUTIVES FROM COMPANIES WITH 51 TO 200 EMPLOYEES. "CORPORATE III" CONSISTS OF TWO EXECUTIVES FROM COMPANIES WITH ONE TO 50 EMPLOYEES. INDIVIDUAL MEMBERS ARE 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. NEW LEADER MEMBERS ARE THOSE INDIVIDUALS 40 YEARS OF AGE OR YOUNGER UPON APPLICATION FOR MEMBERSHIP AND ARE COMPRISED OF TWO LEVELS OF MEMBERSHIP: "NEW LEADER I" INCLUDES NEW LEADER MEMBERS WHO ARE ENTITLED TO ATTEND SEVEN LUNCHEONS, WITHOUT CHARGE, AS PART OF THEIR MEMBERSHIP. "NEW LEADER II" INCLUDES NEW LEADER MEMBERS WHO ARE CHARGED SEPARATELY FOR LUNCHEONS. 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. THE MEMBERSHIP CATEGORY ALSO INCLUDES 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. VETERAN MEMBERS ARE THOSE PERSONS WHO HAVE BEEN MEMBERS IN GOOD STANDING FOR A TOTAL PERIOD OF 30 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 50% OF THE REGULAR DUES. AFTER 35 YEARS OF MEMBERSHIP IN THE ORGANIZATION, ALL DUES ARE WAIVED. LIFE-SERVICE MEMBERS ARE THOSE MEMBERS WHO HAVE SERVED AS CHAIR OF THE BOARD OF DIRECTORS OF THE ORGANIZATION WHO, UPON COMPLETION OF SUCH TERM OF OFFICE, AUTOMATICALLY BECOME LIFE-SERVICE MEMBERS AND ARE ENTITLED TO ALL THE PRIVILEGES OF MEMBERSHIP IN THE ORGANIZATION 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 2011 CALENDAR YEAR. THE DETERMINATION OF COMPENSATION WAS BASED, IN PART, ON INFORMATION AND RECOMMENDATIONS PROVIDED TO THE ORGANIZATION BY AN INDEPENDENT HUMAN RESOURCES CONSULTING FIRM. THIS INFORMATION INCLUDED DATA ON THE COMPENSATION PAID TO SENIOR EXECUTIVE OFFICERS OF COMPARABLE ORGANIZATIONS. THE COMPENSATION ARRANGEMENTS RELATING TO THE ORGANIZATION'S PRESIDENT /CHIEF EXECUTIVE OFFICER ARE APPROVED BY THE EXECUTIVE COMMITTEE AND GOVERNANCE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND DOCUMENTED IN A WRITTEN EMPLOYMENT AGREEMENT, WHICH BECAME EFFECTIVE AS OF MARCH 21, 2011.
Public Disclosure	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.
PROCESS FOR DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES	PART VI, SECTION B, 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.