2024-11-15T14:14:52-06:00 2023-12-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2023-01-01 361474152 MICHIGAN SHORES CLUB MICH 8472514100 911 MICHIGAN AVENUE WILMETTE IL 60091 SUZANNE ESCHEL PRESIDENT 8472514100 2024-11-12 1 0 PAUL J ROZEK P00542258 6309541400 2023 2024-10-15 13:58:12Z SUZANNE ESCHEL 911 MICHIGAN AVENUE WILMETTE IL 60091 11075061 0 X WWW.MICHIGANSHORES.ORG X 1943 IL A PRIVATE MEMBERSHIP CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS. 11 11 212 11 742251 116260 0 0 6076499 6821389 3780 68545 2062485 2403679 8142764 9293613 0 0 0 0 5624790 6691251 0 0 0 2497290 2859707 8122080 9550958 20684 -257345 14010604 13721384 3285714 3253839 10724890 10467545 A PRIVATE MEMBERSHIP CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS. 0 0 PRIVATE SOCIAL CLUB PROVIDING BOWLING, PLATFORM TENNIS, SWIMMING, FITNESS AND DINING FACILITIES FOR THE BENEFIT OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 212 1 1 1 0 0 0 0 567500 932807 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARIANNE BRADY 8472514100 911 MICHIGAN AVENUE WILMETTE IL 60091 SUZANNE M ESCHEL PRESIDENT 5.00 X X 0 0 0 NICOLE F KEENAN VICE PRESIDENT 5.00 X X 0 0 0 CHARLES E GLEW TREASURER 5.00 X X 0 0 0 EILEEN A NOREN SECRETARY 5.00 X X 0 0 0 CATHY ALBRECHT DIRECTOR 5.00 X 0 0 0 DONALD J HOLMBERG DIRECTOR 5.00 X 0 0 0 EDWARD J HUNGLER END 523 DIRECTOR 5.00 X 0 0 0 DAVID H MELSHEIMER DIRECTOR 5.00 X 0 0 0 LAURA K MOSTOFI DIRECTOR 5.00 X 0 0 0 MATTHEW J REVORD DIRECTOR 5.00 X 0 0 0 BENJAMIN RODMAN DIRECTOR 5.00 X 0 0 0 NICHOLAS E WALLACE DIRECTOR 5.00 X 0 0 0 JOHN V HALLBERG GENERAL MANAGER 40.00 X 224784 0 32312 MARIANNE BRADY CONTROLLER 40.00 X 178982 0 41953 EDWARD W STRZELECKI EXECUTIVE CHEF 40.00 X 192491 0 32359 TRANQUILINO CORTES DIRECTOR OF MAINTENANCE 40.00 X 123082 0 22856 FRANCISCO CORTES ASSISTANT DIRECTOR OF MAIN 40.00 X 116066 0 28619 CHRISTOPHER M WARNER DIRECTOR OF PADDLE TENNIS 40.00 X 243401 0 30494 CAROLINE PANDOLFINO DIRECTOR OF COMMUNICATIONS 40.00 X 120817 0 19779 STEVEN SINGER SOUS CHEF 40.00 X 101731 0 30159 1301354 0 238531 8 0 1 0 0 MEMBERSHIP DUES & ASSESSMENTS 713910 4143516 4143516 FOOD & BEVERAGE DEPARTMENT 713910 778214 778214 INITIATION/CAPITAL ASSESSMENT 713910 567500 567500 FITNESS ROOM 713910 534424 534424 SWIMMING POOL 713910 322907 322907 474828 474828 6821389 92813 92813 77200 47337 29863 29863 29863 24268 -24268 -24268 -24268 3835808 1709843 2125965 1578392 547573 OTHER INCOME 900099 247851 175849 72002 247851 9293613 8551362 742251 0 702879 4581514 937891 468967 2453 37206 81974 336896 494893 35834 33250 69239 771676 SUPPLIES 348026 EQUIPMENT RENTAL & MAIN 157072 LAUNDRY & LINENS 81757 UNIFORMS 19208 390223 9550958 283840 512797 3009086 1523156 881566 981231 249978 242297 5821 21624 24700628 14282349 9558313 10418279 22000 22000 14010604 13721384 857263 821252 665131 744888 1763320 1687699 3285714 3253839 X 10724890 10467545 10724890 10467545 14010604 13721384 -257345 0 X 0 1 X 1 0 111000 111000 15750329 8611166 7139163 7005033 4360400 2644633 1834266 1310783 523483 10418279 X 11050793 0 11050793 -1757180 -1757180 9293613 11308138 1757180 1757180 9550958 0 9550958 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, 2023, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2020 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE IRS. ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,709,843. RENTAL EXPENSE -47,337. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 1,709,843. RENTAL EXPENSE 47,337. X 1 0 0 CHRISTOPHER M WARNER DIRECTOR OF PADDLE TENNIS 56238 0 2000 0 185163 0 9736 0 20758 0 273895 0 0 0 JOHN V HALLBERG GENERAL MANAGER 180048 0 38025 0 6711 0 8955 0 23357 0 257096 0 0 0 EDWARD W STRZELECKI EXECUTIVE CHEF 171991 0 20500 0 0 0 7700 0 24659 0 224850 0 0 0 MARIANNE BRADY CONTROLLER 135551 0 20500 0 22931 0 7036 0 34917 0 220935 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO MAJOR CLASSES OF MEMBERS, EQUITY MEMBERS AND NON-EQUITY MEMBERS. EQUITY MEMBERS ARE MEMBERS WHO ARE ENTITLED TO SHARE IN LIQUIDATION PROCEEDS, AND WHO PURCHASE A REDEEMABLE OR PARTIALLY REDEEMABLE CERTIFICATE. THESE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY AND ALSO APPROVE SIGNIFICANT DECISIONS MADE BY THE GOVERNING BODY. NON-EQUITY MEMBERS ARE MEMBERS WHO ARE NOT ENTITLED TO VOTE, HOLD OFFICE, SHARE IN LIQUIDATION PROCEEDS, OR HAVE THEIR INITIATION FEES REFUNDED IN WHOLE OR IN PART. FORM 990, PART VI, SECTION A, LINE 7A IF SOMEONE ON THE BOARD LEAVES OR VACATES THEIR POSITION, THE BOARD MEMBERS HAVE THE RIGHT TO APPOINT AN EQUITY MEMBER TO THE BOARD. HOWEVER, THIS PERSON MUST BE IN GOOD STANDING WITH THE CLUB. 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 7B THE EQUITY MEMBERS HAVE A RIGHT TO VOTE FOR BYLAW CHANGES, DUES INCREASES FOR THEIR CLASS OF MEMBERSHIP, ASSESSMENTS, AND TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, SELDEN FOX, LTD., AND IS REVIEWED BY THE ORGANIZATION'S TREASURER. BEFORE FILING, A COPY OF FORM 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW, QUESTIONS AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE BOARD IN THE ANNUAL REPORTING FORM. THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY IN THE FOLLOWING MANNER: IF THERE IS AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON (ONE WITH A DIRECT OR INDIRECT FINANCIAL INTEREST) MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD OR A COMMITTEE WITH BOARD DELEGATED POWERS THAT IS CONSIDERING A PROPOSED TRANSACTION OR ARRANGEMENT. IF THE COMMITTEE DETERMINES THAT THERE IS A CONFLICT, THAT INTERESTED PERSON WILL NOT BE PART OF THE DECISION MAKING PROCESS EXCEPT TO PROVIDE INFORMATION THAT THE COMMITTEE DETERMINES IS NEEDED FOR THE DECISION. IF THE BOARD OR A COMMITTEE HAS REASON TO BELIEVE THAT A MEMBER FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THEY WILL INVESTIGATE THE MATTER AND TAKE DISCIPLINARY AND CORRECTIVE ACTION IF WARRANTED. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE COMPRISED OF BOARD MEMBERS. THE GENERAL MANAGER DETERMINES THE COMPENSATION OF STAFF SUBJECT TO THE APPROVAL OF THE PERSONNEL COMMITTEE. 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, BUT FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.