2024-05-15T13:56:21-05:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 230969200 THE PHILADELPHIA CLUB PHIL 2157355924 1301 WALNUT STREET PHILADELPHIA PA 19107 HARRY S CHERKEN JR PRESIDENT 2157355924 2024-05-15 1 HARRY CHERKEN JR 999009999 0 ADAM WATSON P01367206 2155677770 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HARRY S CHERKEN JR 1301 WALNUT STREET PHILADELPHIA PA 19107 2097197 0 X WWW.PHILADELPHIACLUB.COM X 1834 PA CLUB FOR SOCIAL ENJOYMENT. 9 9 21 9 23685 39377 195960 279411 783942 823178 196487 149456 -158321 -168157 1018068 1083888 0 0 0 0 455088 463294 0 0 0 511455 645044 966543 1108338 51525 -24450 3805087 3749400 1149491 972139 2655596 2777261 TO MAINTAIN A CLUB FOR SOCIAL ENJOYMENT. 0 0 N/A 0 1 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 11 0 1 21 1 1 1 0 0 0 0 288340 89184 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X THE ORGANIZATION 2157355924 1301 WALNUT STREET PHILADELPHIA PA 19107 HARRY S CHERKEN JR PRESIDENT 1.00 0.50 X X 0 0 0 JOHN C VAN HORNE VICE PRESIDENT 1.00 X X 0 0 0 CHARLES L HILLIS JR TREASURER 1.00 0.50 X X 0 0 0 KENNETH D MITCHELL SECRETARY 1.00 X X 0 0 0 JOHN CHURCHILL DIRECTOR 1.00 X 0 0 0 FRANK A DESIMONE DIRECTOR 1.00 X 0 0 0 DAVID P MCQUAID DIRECTOR 1.00 X 0 0 0 JOHN F MEIGS II DIRECTOR 1.00 X 0 0 0 JOHN A SIMKISS III DIRECTOR 1.00 X 0 0 0 ANTHONY TARCELLI CLUB MANAGER 40.00 X 145545 0 21145 PIERRE CALMELS EXECUTIVE CHEF 40.00 X 151556 0 33616 297101 0 54761 2 0 1 0 BITTENBENDER CONSTRUCTION LP 5 NORTH COLUMBUS BLVD PIER 5 PHILADELPHIA PA 19106 RENOVATION 462074 1 175491 103920 279411 MEMBERSHIP DUES 900099 823178 823178 823178 149456 109079 40377 839413 1013309 -173896 -157204 -16692 OTHER INCOME 900099 5739 5739 5739 1083888 780792 23685 0 X 170587 63550 141518 87639 120793 81045 69482 110505 71212 MISCELLANEOUS 157420 REPAIRS AND MAINTENANCE 34587 1108338 144695 110354 298371 16551 175491 116049 98581 67559 70535 55227 55801 5421640 2942802 2457722 2478838 665464 743249 3805087 3749400 233572 92825 133675 106582 47408 782244 725324 1149491 972139 X 2001837 2058347 653759 718914 2655596 2777261 3805087 3749400 -24450 146115 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X MEMBER ENJOYMENT 0 4031638 352894 176141 4208391 4800670 -596013 173019 4031638 3906107 1054796 160233 4800670 3903018 167757 164668 3906107 3952680 108372 158034 3903018 0.84350 0.15650 0 1 1 150000 150000 4279683 2093742 2185941 991957 849060 142897 2478838 DEFERRED INCOME TAX LIABILITY 84800 LOAN PAYABLE TO THE ENDOWMENT FUND OF THE PHILADELPHIA CLUB 640524 725324 X PART III, LINE 1A: THE CLUB OWNS WORKS OF ART AND HISTORICAL TREASURES, MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS OVER THE YEARS. THESE ITEMS ARE NOT MAINTAINED FOR PUBLIC EXHIBITION AND EDUCATION AND THE CLUB DOES NOT HAVE A POLICY REGARDING THE USE OF PROCEEDS FROM THE SALE OF THESE ITEMS. AS A RESULT GAAP REQUIRES THE CAPITALIZATION OF WORKS OF ART AND HISTORICAL TREASURES. THE CLUB HAS NOT CAPITALIZED ITS WORKS OF ART AND HISTORICAL TREASURES. PART III, LINE 4: THE CLUB OWNS WORKS OF ART AND HISTORICAL TREASURES, MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS OVER THE YEARS. THE COLLECTIONS ARE DISPLAYED FOR MEMBERS OF THE CLUB TO ENJOY AND ADMIRE. PART V, LINE 4: THE BOARD DESIGNATED ENDOWMENT ASSETS OF THE CLUB ARE HELD IN TRUST UNDER THE CUSTODIANSHIP OF THE CLUB'S PRESIDENT AND BNY MELLON WEALTH MANAGEMENT BASED ON A TRUST AGREEMENT DATED DECEMBER 13, 1935. THE TRUST WAS CREATED TO SUPPORT THE ACTIVITIES OF THE CLUB. THE PERMANENT ENDOWMENT'S INCOME IS TO BE USED TO PURCHASE LIBRARY BOOKS AND PERIODICALS, AS WELL AS MAINTENANCE OF THE LIBRARY. PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER ASC 740 THE CLUB AND TRUST HAVE ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE CLUB AND TRUST BELIEVE THAT THEY HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD. X 0 0 0 PIERRE CALMELS EXECUTIVE CHEF 151556 0 0 0 0 0 0 0 33616 0 185172 0 0 0 ANTHONY TARCELLI CLUB MANAGER 145545 0 0 0 0 0 0 0 21145 0 166690 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF THE ORGANIZATION THE CLUB HAS MEMBERS WHO PAY ANNUAL MEMBERSHIP DUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WHO MAY ELECT GOVERNING BODY ALL CLUB MEMBERS VOTE IN BOARD ELECTIONS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNING DECISIONS OF THE ORGANIZATION SUBJECT TO MEMBER APPROVAL SOME OF THE CLUB'S ACTIVITIES, SUCH AS DISSOLUTION OF THE ENDOWMENT, THE CREATION OF A CAPITAL ASSESSMENT FUND, AND CHANGES IN THE CLUB'S BYLAWS, ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY REVIEW OF THE FORM 990 THE CLUB'S TREASURER REVIEWS THE FORM 990 PRIOR TO SIGNING IT AND CONSULTS THE ACCOUNTANTS WITH ANY QUESTIONS. ALL BOARD MEMBERS RECEIVE A FINAL COPY OF THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY ANNUALLY EACH BOARD MEMBER MUST COMPLETE AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS REVIEWED BY THE BOARD OF DIRECTION FOR ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE CLUB MANAGER'S SALARY IS APPROVED ANNUALLY BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE CLUB MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERS UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 120,793. THE RUBICAM FOUNDATION 1301 WALNUT STREET PHILADELPHIA PA 19107 871746423 PRESERVATION OF 1301 WALNUT ST. PHILA, PA & OTHER CHARITABLE PURPOSES. PA 501C3 LINE 7 THE PHILADELPHIA CLUB 1 THE ENDOWMENT FUND OF THE PHILADELPHIA CLUB PO BOX 185 PITTSBURGH PA 15230 236226853 TO SUPPORT THE ACTIVITIES OF THE CLUB. PA N/A T -275224 3166502 1.00000 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE ENDOWMENT FUND OF THE PHILADELPHIA CLUB A 145356 CASH THE RUBICAM FOUNDATION C 175491 CASH