2017-11-15T07:58:16-06:00 2016-12-31 BDO USA LLP 330 N Wabash Suite 3200 CHICAGO IL 60611 990 2016-01-01 361720250 SADDLE AND CYCLE CLUB % KYLE BABCOCK SADD 7732756600 900 WEST FOSTER AVENUE CHICAGO IL 60640 LOUIS E FREIDHEIM JR TREASURER 7732756600 2017-11-15 true Jacob Cook P01240455 3128569100 2017-11-15 38.140.145.178 36189620173195000000 2017-11-15 P EB2B1C02C9534E04F62CB99F1E428011C3823D44 E5F98FA2EEE1EA1472C690CD1D42CD30CB500274 2016 2021-01-29 14:40:06Z CHRISTOPHER VALENTI 900 WEST FOSTER AVENUE CHICAGO IL 60640 8638221 false X SADDLEANDCYCLE.COM X 1895 IL THIS ORGANIZATION PROVIDES PLEASURE AND RECREATION TO ITS MEMBERS UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(7). 13 13 132 20 815427 0 0 6263251 6258001 14 19 1847790 1737076 8111055 7995096 0 0 0 0 3576046 3715006 0 0 0 3999751 4089362 7575797 7804368 535258 190728 16158233 16469965 1534193 1655197 14624040 14814768 THIS ORGANIZATION PROVIDES PLEASURE AND RECREATION TO ITS MEMBERS UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). false false PRIVATE SOCIAL CLUB PROVIDING GOLF, TENNIS, SWIMMING, AND DINING FACILITIES FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 78 0 true 132 true true true false false false false 922631 924017 false X 13 13 false false false false true true true true false false false true true true true true true true true false X KYLE BABCOCK 7732756600 900 WEST FOSTER AVENUE CHICAGO IL 60640 X Christopher Valenti President 0.1 0.0 X X 0 0 0 Angelia I Holleb Vice President 0.1 0.0 X X 0 0 0 William Bettman Treasurer 0.1 0.0 X X 0 0 0 Joan Hoese Secretary 0.1 0.0 X X 0 0 0 Lindsey Axel Governor as of 04/2016 0.1 0.0 X 0 0 0 Katie Fairbank Governor 0.1 0.0 X 0 0 0 Louis E Freidheim Jr Governor 0.1 0.0 X 0 0 0 Robert Herber Governor 0.1 0.0 X 0 0 0 Douglas Leik Governor 0.1 0.0 X 0 0 0 David G Mazzella III Governor 0.1 0.0 X 0 0 0 Heather Montgomery Governor 0.1 0.0 X 0 0 0 Eileen Murphy Governor as of 04/2016 0.1 0.0 X 0 0 0 Heather Webster Governor as of 04/2016 0.1 0.0 X 0 0 0 Carrie C McNally President thru 03/2016 0.1 0.0 X X 0 0 0 Joseph E Miller III Treasurer thru 03/2016 0.1 0.0 X X 0 0 0 Julie J Harron Governor thru 03/2016 0.1 0.0 X 0 0 0 Guy F Shaw General Manager 40.0 0.0 X 287832 0 46210 Richard J Carlson Controller 40.0 0.0 X 150500 0 17036 R Greg Neidballa Head Tennis Pro 40.0 0.0 X 311113 0 20690 Scott M Mansager Head Paddle Pro 40.0 0.0 X 253166 0 8119 Robert Frank Director of Summer Camp 40.0 0.0 X 115000 0 0 Marshall Violante Executive Chef 40.0 0.0 X 194692 0 15696 1312303 0 107751 7 false true false US SECURITY ASSOCIATES INC 400 N May Street SUITE 304 CHICAGO IL 60622 ON-SITE SECURITY 112918 CHICAGO SCHOOL OF GOLF 900 W Foster Avenue CHICAGO IL 60640 GOLF INSTRUCTION 127600 2 0 MEMBERSHIP DUES 713910 2970030 2970030 INITIATION/CAPITAL ASSESSMENT 713910 922631 922631 CAMP 713910 694977 154276 540701 ICE RINKS 713910 592408 592408 TENNIS 713910 486799 479329 7470 591156 591156 6258001 19 19 0 0 0 0 0 0 0 0 0 0 0 0 2168476 643125 1525351 1258114 267237 OTHER INCOME 900099 211725 211725 211725 7995096 7179669 815427 0 0 0 0 334042 0 2586556 0 136391 658017 0 36352 22119 0 0 0 0 0 157439 50304 0 793354 1292 0 0 0 0 726740 0 LESSONS & EVENTS 949830 SUPPLIES 419783 CONTRACT SERVICES 474711 EQUIPMENT RENTAL & MAINTENANCE 236651 220787 7804368 1911374 2388525 8450 689 0 0 656761 753095 0 0 0 0 0 0 87655 85373 67601 58749 23382310 10379176 13269463 13003134 0 0 0 0 0 0 0 0 156929 180400 16158233 16469965 812891 894600 0 0 564373 580197 0 0 0 0 0 0 0 0 0 0 156929 180400 1534193 1655197 X 14624040 14814768 0 0 0 0 14624040 14814768 16158233 16469965 190728 X false true X true false 4365155 4365155 11080640 5408684 5671956 4053393 1908072 2145321 3579721 3062420 517301 303401 303401 13003134 0 DEFERRED COMPENSATION PLAN 180400 180400 X 8638221 8638221 -643125 -643125 7995096 8447493 643125 643125 7804368 7804368 SCHEDULE D, PART X, LINE 2 The Club is a private membership club and is exempt from federal income taxes under Section 501(c)(7) of the Internal Revenue Code. Under this section, unrelated business income is subject to federal and state taxes at corporate rates. As of December 31, 2016, the Clubs income tax returns for fiscal years 2013 and subsequent are subject to examination by the IRS. Accounting Standards Codification ("ASC") 740-40, "Accounting for uncertainty in Income Taxes," requires that uncertain income tax positions be recorded in the financial statements at an amount that would most likely be realized assuming a review by the tax authorities. Management has assessed its income tax positions and believes any potential liability that might arise from a review by tax authorities would be immaterial to the financial statements taken as a whole. SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD $(643,125). SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $643,125. X X false true false Guy F Shaw General Manager 250269 0 37563 0 0 0 26759 0 19451 0 334042 0 0 0 Richard J Carlson Controller 136700 0 8000 0 5800 0 10546 0 6490 0 167536 0 0 0 R Greg Neidballa Head Tennis Pro 25395 0 0 0 285718 0 1016 0 19674 0 331803 0 0 0 Scott M Mansager Head Paddle Pro 40735 0 0 0 212431 0 1629 0 6490 0 261285 0 0 0 Marshall Violante Executive Chef 177092 0 9000 0 8600 0 8759 0 6937 0 210388 0 0 0 SCHEDULE J, PART I, LINE 4B THE CLUB HAS DEFERRED COMPENSATION AGREEMENTS WITH THE GENERAL MANAGER AND CONTROLLER THAT ARE FUNDED THROUGH INVESTMENTS STATED AT FAIR VALUE ON THE STATEMENTS OF FINANCIAL POSITION. FORM 990, PART VI, SECTION A, LINE 6 There are two classes of members, equity members and non-equity members. Equity members have the right to vote, are not entitled to a refund of equity upon resignation, but would share in the allocation of company assets upon dissolution. Non-equity members do not have the right to vote, would not receive a refund of equity upon resignation, and do not share in liquidation proceeds. FORM 990, PART VI, SECTION A, LINE 7A & 7B If a board member leaves or vacates his or her position, the board members have the right to appoint an equity member in good standing with the club to the board. The board members shall elect equity members to fill vacancies in the board to serve until the next annual meeting of the club. FORM 990, PART VI, SECTION A, LINE 8B There are no separate committees with the authority to act on behalf of the governing body. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY AN OUTSIDE CPA FIRM BASED ON INPUT FROM THE CONTROLLER. Tax returns are reviewed by the general manager and the treasurer then AND SIGNED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C The policy requires annual disclosures and is enforced annually. FORM 990, PART VI, SECTION B, LINE 15A AND 15B The President of the Board determines the salary of the General Manager after reviewing performance during the past year versus goals and objectives, and given industry standards. The General Manager determines the salaries of staff members annually after reviewing performance during the past year versus goals and objectives, experience on the job, and given industry standards. FORM 990, PART VI, SECTION C, LINE 19 A private member club is not required to make governing documents or financial statements available to the public. Form 990 is made available via an outside website, www.guidestar.org, and upon request.