2024-01-16T09:11:32-06:00 2023-02-28 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-03-01 390671450 UNIVERSITY CLUB OF MILWAUKEE UNIV 4142712222 924 EAST WELLS STREET MILWAUKEE WI 53202 CARL GRANBERG GENERAL MANAGER 4142712222 2024-01-16 1 CARL GRANBERG 999009999 1 TROY MARINE CPA P00187863 4147775500 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARL GRANBERG 924 EAST WELLS STREET MILWAUKEE WI 53202 8628850 0 X UCLUBMKE.COM X 1898 WI THE UNIVERSITY CLUB OF MILWAUKEE IS A PRIVATE CLUB WITH A FULL CONTINUUM OF OFFERINGS. THE CLUB IS COMMITTED TO MAINTAINING A HIGH STANDARD OF QUALITY IN ITS SERVICES AND EXPERIENCES FOR ALL MEMBERS AND THEIR GUESTS. 13 13 250 15 555954 0 345914 0 6381148 7677125 0 0 689046 87748 7416108 7764873 0 0 0 0 3696549 4252012 0 0 0 3496943 3541308 7193492 7793320 222616 -28447 10081224 10466528 8464560 8878311 1616664 1588217 TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES TO CLUB MEMBERS AND THEIR GUESTS. 0 0 7793320 FOOD AND BEVERAGE SERVICE, GOLF, TENNIS, AQUATIC ACTIVITIES, AND GOLF SIMULATOR. 7793320 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 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 13 0 1 250 1 1 1 0 0 0 0 112950 751066 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEFF PODBIELSKI 4142712222 924 E WELLS STREET MILWAUKEE WI 53202 JULIE TOLAN PRESIDENT 1.00 X X 0 0 0 DAN AIELLO VICE PRESIDENT 1.00 X X 0 0 0 JAMES CARAGHER SECRETARY 1.00 X X 0 0 0 JAMES ORTH TREASURER 1.00 X X 0 0 0 DAN HEICHEL ADVISORY 1.00 X 0 0 0 JAMES GREER ADVISORY 1.00 X 0 0 0 WAYNE LUEDERS ADVISORY 1.00 X 0 0 0 ALYSON STEPKE DIRECTOR 1.00 X 0 0 0 JOHN BARRY DIRECTOR 1.00 X 0 0 0 MEGAN HAKES DIRECTOR 1.00 X 0 0 0 MICHAEL HOSTAD DIRECTOR 1.00 X 0 0 0 STEVE SEWART DIRECTOR 1.00 X 0 0 0 TOM POPALISKY DIRECTOR 1.00 X 0 0 0 JEFF PODBIELSKI CONTROLLER 40.00 X 94862 0 3377 CARL GRANBERG GENERAL MANAGER 40.00 X 237815 0 10096 KEITH LUCE EXECUTIVE CHEF 40.00 X 112675 0 13925 TERRY CONWAY SUPERINTENDENT 40.00 X 117578 0 5850 562930 0 33248 3 0 1 0 0 DUES 713910 4711955 4711955 EVENTS 713910 1700583 1700583 GOLF 713910 632549 538575 93974 ROOMS 713910 274620 56964 217656 INITIATION FEES 713910 112950 112950 244468 244468 7677125 934467 863977 70490 -173834 244324 OTHER REVENUE 900099 17258 17258 17258 7764873 7191661 555954 17258 98239 3537489 30274 278823 307187 220121 64193 69629 107501 656733 10035 245593 699546 95223 GOLF EXPENSES 565282 OTHER 340468 PROPERTY TAX 164924 TENNIS AND POOL 91231 210829 7793320 599408 550959 1064126 1267026 125323 124596 104382 177388 24877960 16712907 8187985 8165053 0 181506 10081224 10466528 1009786 1295391 3163860 3159355 4290914 4326544 0 97021 8464560 8878311 X 0 0 0 0 1616664 1588217 1616664 1588217 10081224 10466528 -28447 0 X 1 X 0 1 0 0 307387 307387 17766129 11310000 6456129 6804444 5402907 1401537 8165053 OTHER LIABILITIES 97021 97021 X PART III, LINE 1A: THE CLUB OWNS A COLLECTION OF ART AND OTHER HISTORICAL ITEMS. AS PERMITTED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA ("GAAP"), THE CLUB HAS ELECTED NOT TO RECORD SUCH ASSETS IN THE FINANCIAL STATEMENTS OF THE CLUB. THERE HAVE BEEN NO PURCHASES OR SALES RELATED TO THE COLLECTION IN 2022 OR 2021. PART X, LINE 2: THE CLUB IS EXEMPT FROM INCOME TAX ON NET INCOME DERIVED FROM MEMBER ACTIVITIES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (CODE). UNDER PROVISIONS OF THE CODE, THE CLUB WOULD BE REQUIRED TO PAY INCOME TAX ON THE UNRELATED BUSINESS INCOME OF ACTIVITIES FROM NON-MEMBERS TO THE EXTENT THAT SUCH ACTIVITIES RESULT IN NET INCOME TO THE CLUB, AS DETERMINED UNDER THE PROVISIONS OF THE CODE. THE CLUB FOLLOWS THE CURRENT GUIDANCE RELATING TO ITS ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED UPON THE TECHNICAL MERITS OF THE POSITIONS AND ASSUMING THAT THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF THE POSITION. THE CLUB RECOGNIZES SUCH BENEFIT OR LIABILITY AS THE LARGEST AMOUNT WHICH HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE CLUB ANALYZED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS FOR THE APPLICABLE OPEN TAX PERIODS AND DETERMINED THAT NO LIABILITY IS REQUIRED TO BE RECORDED AT FEBRUARY 28, 2023 AND 2022. THE FEDERAL AND STATE TAX RETURNS OF THE CLUB FOR 2020, 2021, 2022, 2023 ARE SUBJECT TO AUDIT. HOWEVER, THE CLUB IS NOT UNDER AUDIT BY ANY TAXING AUTHORITY AT THE PRESENT TIME. THE CLUB WOULD RECOGNIZE INTEREST AND PENALTIES ON ANY UNCERTAIN TAX POSITION AS INCOME TAX EXPENSE IF SUCH AMOUNTS WERE TO BE INCURRED. 0 0 0 CARL GRANBERG GENERAL MANAGER 216315 0 21500 0 0 0 5499 0 4597 0 247911 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 626 TOTAL MEMBERS. UNDER THE CLUB'S BYLAWS, MOST CLUB MEMBERSHIP CATEGORIES HAVE VOTING RIGHTS WHICH PERTAIN TO ELECTION OF DIRECTORS, SALES OF ASSETS WITH A FAIR VALUE EXCEEDING $500,000, CHANGES IN THE BYLAWS WHICH IMPACT MEMBER VOTING RIGHTS, MEMBER AND DISSOLUTION OF THE CLUB. MOST GOLF MEMBERSHIP CATEGORIES HAVE (1) VOTE ON ALL MATTERS COMING BEFORE THE MEMBERS FOR A VOTE AND MOST NON-GOLF MEMBERSHIP CATEGORIES HAVE ONE-THIRD (0.33) VOTE ON SUCH MATTERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WITH THE AUTHORITY TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS MUST APPROVE ANY ASSET SALES WITH A FAIR VALUE OVER $500,000 AND ANY BY-LAW CHANGES WHICH MODIFY MEMBER VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TREASURER AND FINANCE COMMITTEE WILL REVIEW THE RETURN BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONSISTENT OVERSIGHT BY THE GOVERNING BODY THROUGH ANNUAL DECLARATION. FORM 990, PART VI, SECTION B, LINE 15 DETERMINED BY THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC, AVAILABLE TO MEMBERS UPON REQUEST.