2024-04-15T12:20:32-05:00 2023-05-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2022-06-01 361976054 WINTER CLUB OF LAKE FOREST WINT 8472340030 956 NORTH SHERIDAN ROAD LAKE FOREST IL 60045 THOMAS BACK TREASURER 8472340030 2024-04-08 1 THOMAS BACK 999009999 0 STEVEN G PIERSON P00653362 6309541400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN MCNICHOLAS 956 NORTH SHERIDAN ROAD LAKE FOREST IL 60045 3780722 0 X WWW.THEWINTERCLUB.COM X 1925 IL MEMBERSHIP ACTIVITIES, INCLUDING RECREATIONAL, SOCIAL, AND INSTRUCTIONAL ACTIVITIES - SWIMMING, TENNIS, SKATING, ETC. MEMBER CHILD DAY CARE AND SUMMER CAMP ACTIVITIES. 12 12 101 12 104849 2620 0 0 3067348 3248383 19 3620 260862 270312 3328229 3522315 0 0 0 0 1550157 1776201 0 0 0 1271467 1414822 2821624 3191023 506605 331292 4884891 5138808 1121491 1042816 3763400 4095992 MEMBERSHIP ACTIVITIES, INCLUDING RECREATIONAL, SOCIAL, AND INSTRUCTIONAL ACTIVITIES - SWIMMING, TENNIS, SKATING, ETC. MEMBER CHILD DAY CARE AND SUMMER CAMP ACTIVITIES. 0 0 ALL EXPENDITURES ARE MADE TO FURTHER THE CLUB'S EXEMPT PURPOSE, WHICH IS TO PROVIDE EDUCATIONAL, ATHLETIC, AND SOCIAL OPPORTUNITIES FOR CLUB MEMBERS AND THEIR FAMILIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 101 1 1 1 0 0 0 0 1379699 96167 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X NANCY DROWNE 8472340030 956 NORTH SHERIDAN ROAD LAKE FOREST IL 60045 LAUREN HIRSH END 523 PRESIDENT 1.00 X X 0 0 0 JOHN MCNICHOLAS PRESIDENT 0.50 X X 0 0 0 THOM BACK TREASURER 0.50 X X 0 0 0 CAROLYN KONZ END 622 SECRETARY 1.00 X X 0 0 0 MARIE WOODS SECRETARY 1.00 X X 0 0 0 GRETCHEN ATHAS END 622 TRUSTEE 0.10 X 0 0 0 NICOLE COOPER TRUSTEE 0.10 X 0 0 0 SPENCER DEPREE TRUSTEE 0.10 X 0 0 0 MEGAN MCCAMPELL TRUSTEE 0.10 X 0 0 0 ANNA MORRIS TRUSTEE 0.10 X 0 0 0 LOU JON NERO TRUSTEE 0.10 X 0 0 0 BRIAN SPECHT TRUSTEE 0.10 X 0 0 0 CHRIS NICKERSON GENERAL MANAGER 40.00 X 136900 0 6081 136900 0 6081 1 0 0 0 0 DUES, ASSESSMENTS 713910 1908832 1908832 SKATE, HOCKEY, & RINKS 713910 615208 535240 79968 CAMP 713910 260038 260038 RACQUETS 713910 190635 190635 CAFE 713910 14827 14827 258843 242644 16199 3248383 3620 3620 57600 52538 5062 5062 5062 424222 205869 218353 218353 OTHER INCOME 713910 24244 24244 FINANCE CHARGES 713910 22653 22653 46897 3522315 3417466 104849 0 151618 1300393 20470 188641 115079 30836 1347 42058 385904 30914 10457 164810 76121 CONTRACT LABOR 148561 SERVICES 141926 SUPPLIES 127158 UNIFORMS 45203 209527 3191023 709307 71700 111671 885226 68439 59233 33556 28524 25986 13209 8756919 4676003 3935932 4080916 4884891 5138808 302811 355713 200420 204907 613460 477396 4800 4800 1121491 1042816 X 3763400 4095992 3763400 4095992 4884891 5138808 X 331292 1300 X 1 X 0 0 0 1328500 1328500 3878528 1854597 2023931 832005 681857 150148 2717886 2139549 578337 4080916 TENANT SECURITY DEPOSIT 4800 4800 X 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 MAY 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. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER ILLINOIS LAW, AND AS SUCH IT OPERATES WITH MULTIPLE CLASSES OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE REGULAR MEMBERS ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS HAS THE AUTHORITY TO GOVERN THE CLUB PURSUANT TO THE CLUB'S BY-LAWS AND RULES IN ALL MATTERS. THE EQUITY MEMBERS BY VIRTUE OF THE ESTABLISHED BY-LAWS GRANT APPROVAL ONLY FOR THOSE ISSUES PERTAINING TO THE FOLLOWING: - YEAR END CONGRESSIONAL ASSESSMENT - ANY SIGNIFICANT CAPITAL ASSESSMENT - ANY INCOMING MEMBERS OF THE BOARD OF DIRECTORS - APPROVAL FOR ANY PROPOSED CHANGES TO THE CLUB'S BY-LAWS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY SELDEN FOX, LTD. AND REVIEWED BY THE CLUB'S GENERAL MANAGER, PRESIDENT, AND TREASURER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL AS WELL AS THAT OF OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NONE OF THE CLUB'S DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: MEMBERSHIP CERTIFICATES ISSUED DURING THE YEAR, NET 1,300.