2024-11-15T15:07:29-06:00 2023-12-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2023-01-01 361576910 OLD ELM CLUB OLDE 8474326270 800 OLD ELM ROAD HIGHLAND PARK IL 60035 THOMAS P FITZGERALD PRESIDENT 8474326270 2024-11-12 1 1 PAUL J ROZEK P00542258 6309541400 2023 2024-10-15 13:58:12Z THOMAS P FITZGERALD 800 OLD ELM ROAD HIGHLAND PARK IL 60035 6308132 0 X N/A X 1913 IL OLD ELM CLUB IS ORGANIZED TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS THROUGH THE OPERATION OF AN EIGHTEEN HOLE CHAMPIONSHIP GOLF COURSE AND ITS RESTAURANT FACILITIES. 10 10 56 10 100705 9556 0 0 5439946 5453751 13976 36548 247420 267983 5701342 5758282 0 0 0 0 3360056 3174005 0 0 0 2680019 2903989 6040075 6077994 -338733 -319712 5867718 5494155 1582369 1528518 4285349 3965637 OLD ELM CLUB IS ORGANIZED TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS THROUGH THE OPERATION OF AN EIGHTEEN HOLE CHAMPIONSHIP GOLF COURSE AND ITS RESTAURANT FACILITIES. 0 0 GOLF PROGRAM WHICH SERVES ALL RESIDENT AND DISTINGUISHED MEMBERS. THE GOLF PROGRAM PROVIDES GOLF AND FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF MEMBERS. RESTAURANT AND CLUBHOUSE FACILITIES PROVIDED FOR THE SOCIAL BENEFIT OF MEMBERS AVAILABLE TO ALL RESIDENT AND DISTINGUISHED MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 0 1 56 1 1 1 0 0 0 0 800000 223746 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X X JIM FERNANDEZ 8474326270 800 OLD ELM ROAD HIGHLAND PARK IL 60035 JEFFREY M WALTERS PRESIDENT 3.00 X X 0 0 0 SAMUEL K SKINNER SERETARY 2.00 X X 0 0 0 MICHAEL S CANMANN TREASURER 2.00 X X 0 0 0 BRAYTON B ALLEY DIRECTOR 1.00 X 0 0 0 WILLIAM T BICKFORD DIRECTOR 1.00 X 0 0 0 CHANDLER BIGELOW III DIRECTOR 1.00 X 0 0 0 THOMAS P FITZGERALD DIRECTOR 1.00 X 0 0 0 WILLARD G FRAUMANN END 123 DIRECTOR 1.00 X 0 0 0 WARD R HAMM DIRECTOR 1.00 X 0 0 0 STEPHEN POTTER END 123 DIRECTOR 1.00 X 0 0 0 STEPHEN R QUAZZO DIRECTOR 1.00 X 0 0 0 JEFFREY W YINGLING DIRECTOR 1.00 X 0 0 0 CURTIS JAMES SUPERINTENDENT 40.00 X 278613 0 11423 JIM V FERNANDEZ CONTROLLER 40.00 X 157966 0 7372 BRET LEON HEAD GOLF PRO 40.00 X 157448 0 6583 RICHARD GARCIA EXECUTIVE CHEF 40.00 X 128426 0 6050 JASON MOSS HEAD GOLF PRO 40.00 X 170238 0 7793 892691 0 39221 5 0 1 0 JOHN KEVIN MARION 19475 N GRAYHAWK DR 2109 SCOTTSDALE AZ 85255 CONSULTING 300000 1 MEMBERSHIP DUES AND AS 713910 4195049 4195049 INITIATION FEES 713910 800000 800000 GREENS FEES AND LOCKER 713910 458702 424897 33805 5453751 12548 12548 24000 0 24000 24000 24000 810934 549850 261084 206732 54352 MISCELLANEOUS 900099 6899 6899 6899 5758282 5657577 100705 0 290036 2098567 149752 392021 243629 37079 33125 24423 29120 202551 54169 9211 899036 117879 OPERATING SUPPLIES 835164 GOLF COURSE GROUNDS AND 228858 EQUIPMENT RENTALS 196783 GOLF SERVICES AND MEMEB 106638 129953 6077994 692305 200874 108659 120449 191145 217032 188700 129127 18166903 13485455 4442873 4681448 244036 145225 5867718 5494155 948280 707022 307089 494496 327000 327000 1582369 1528518 X 4171044 3859181 114305 106456 4285349 3965637 5867718 5494155 -319712 0 X 0 1 X 1 0 136870 136870 12573424 13485455 -912031 5456609 5456609 4681448 DEFERRED COMPENSATION 327000 327000 X 6308132 549850 549850 5758282 0 5758282 6627844 549850 549850 6077994 0 6077994 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. HOWEVER, UNDER THIS SECTION, INVESTMENT AND NONMEMBER INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL TAXES AT CORPORATE RATES. AS OF DECEMBER 31, 2023, THE CLUB'S INCOME TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2020, AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 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 AS A WHOLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,850. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDIT 0 1 0 CURTIS JAMES SUPERINTENDENT 251613 0 27000 0 0 0 9466 0 1957 0 290036 0 0 0 JASON MOSS HEAD GOLF PRO 131138 0 25000 0 14100 0 6007 0 1786 0 178031 0 0 0 JIM V FERNANDEZ CONTROLLER 142966 0 15000 0 0 0 5421 0 1951 0 165338 0 0 0 BRET LEON HEAD GOLF PRO 131138 0 25000 0 1310 0 5110 0 1473 0 164031 0 0 0 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 RESIDENT, NON-RESIDENT, AND DISTINGUISHED MEMBERS VOTE ANNUALLY TO ELECT OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE RIGHT TO RATIFY SIGNIFICANT DECISIONS MADE BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY BOTH THE TREASURER AND GENERAL MANAGER PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES AND WAGES OF THE GENERAL MANAGER AND KEY EMPLOYEES ARE REVIEWED AND ADJUSTED BY THE BOARD OF GOVERNORS. THE FACTORS TAKEN INTO CONSIDERATION ARE PAST COMPENSATION, LIKE PRIVATE CLUB SALARIES, COMPENSATION SURVEYS, FINANCIAL PERFORMANCE OF THE CLUB AND MEMBER SATISFACTION. FORM 990, PART VI, SECTION C, LINE 19 A PRIVATE MEMBER CLUB IS NOT REQUIRED TO MAKE THE GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, FORM 990 IS AVAILABLE UPON REQUEST.