2025-11-17T11:34:05-06:00 2024-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2024-01-01 380477160 DETROIT ATHLETIC CLUB DETR 3139639200 241 MADISON AVENUE DETROIT MI 48226 AARON LACKEY CFO 3139639200 2025-11-14 1 1 DAVID LOWENTHAL P00378651 3122071040 2025-11-14 2024 2025-03-06 01:10:19Z CHARLES JOHNSON 241 MADISON AVENUE DETROIT MI 48226 54192597 0 X WWW.THEDAC.COM X 1931 MI A DISTINGUISHED PRIVATE CLUB PRESERVING AND CELEBRATING HUMANITY. THE MOST SOUGHT AFTER EXPERIENCE IN DETROIT. 15 15 621 0 3510567 59242 0 0 34799273 38336611 1428 -359543 11105665 9296498 45906366 47273566 0 0 0 0 25517742 27315048 0 0 0 16077835 16908233 41595577 44223281 4310789 3050285 72401590 89680222 15498007 29665816 56903583 60014406 TO CREATE LIFE-ENRICHING EXPERIENCES THAT BUILD MEANINGFUL RELATIONS, FOSTER PERSONAL AND PROFESSIONAL GROWTH, AND CELEBRATE CULTURE IN THE HEART OF DETROIT. 0 0 PROVIDE PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES FOR THE APPROXIMATELY 5,683 MEMBERS OF THE DETROIT ATHLETIC CLUB. 0 0 0 0 0 0 1 0 0 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 1 177 0 1 621 1 1 1 0 0 0 1 1 5825733 3414952 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X AARON LACKEY - CFO 3139639200 241 MADISON AVENUE DETROIT MI 48226 DERRON M SANDERS PRESIDENT 1.00 1.00 X X 0 0 0 DAVID T PROVOST 1ST VICE PRESIDENT 1.00 1.00 X X 0 0 0 SHANE HENRY 2ND VICE PRESIDENT 1.00 1.00 X X 0 0 0 LORNA UTLEY SECRETARY 1.00 1.00 X X 0 0 0 VINCENT BRENNAN TREASURER 1.00 0.00 X X 0 0 0 MICHAEL K LOTITO DIRECTOR 1.00 0.00 X 0 0 0 THOMAS HATHAWAY DIRECTOR 1.00 0.00 X 0 0 0 J MICHAEL BERNARD DIRECTOR 1.00 0.00 X 0 0 0 FREDERICK MINTURN DIRECTOR 1.00 0.00 X 0 0 0 JOHN FIKANY DIRECTOR 1.00 0.00 X 0 0 0 DAVID C WALKER DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MCCARTHY DIRECTOR 1.00 0.00 X 0 0 0 STEVEN HOWELL DIRECTOR 1.00 0.00 X 0 0 0 BRYAN FITZGIBBON DIRECTOR 1.00 0.00 X 0 0 0 JACK BRUSEWITZ DIRECTOR 1.00 0.00 X 0 0 0 KELLY BURRIS DIRECTOR 1.00 0.00 X 0 0 0 SARAH PRUES DIRECTOR 1.00 0.00 X 0 0 0 TODD M SZYMCZAK DIRECTOR 1.00 0.00 X 0 0 0 CHARLES JOHNSON EXECUTIVE MANAGER 50.00 1.00 X 681742 0 37184 AARON LACKEY CHIEF FINANCIAL OFFICER 50.00 1.00 X 338107 0 23184 JANE JUSZCZYK ASSISTANT SECRETARY 40.00 1.00 X 137377 0 17663 SHAWN LOVING EXECUTIVE CHEF 50.00 0.00 X 320698 0 23184 ROB BARR ATHLETIC DIRECTOR 50.00 0.00 X 236110 0 23184 JANE JACOB DIRECTOR OF HUMAN RESOURCES 50.00 0.00 X 157849 0 22276 BRIGETH BROOKINS ASSISTANT GENERAL MANAGER 50.00 0.00 X 214514 0 6877 HASSAN YAZBEK DIRECTOR OF FOOD AND BEVERAGE 50.00 0.00 X 178323 0 23184 2264720 0 176736 20 0 1 0 JONNA CONSTRUCTION CO LLC 6200 2ND AVENUE STE D-102 DETROIT MI 48202 CONSTRUCTION CONTRACTOR 3798940 EMERALD CITY DESIGNS 24590 N INDUSTRIAL ROAD FARMINGTON HILLS MI 48335 EVENT DECORATIONS 576918 SMITHGROUP INC 500 GRISWOLD STREET SUITE 1700 DETROIT MI 48226 INTEGRATED DESIGN FIRM 403026 AVL - CREATIVE LLC 6235 CONCORD SUITE 135 DETROIT MI 48211 AUDIO VISUAL 266630 T STREAM SOFTWARE 23812 HARPER AVE ST CLAIR SHORES MI 48080 IT CONTRACTOR 192354 7 MEMBERSHIP DUES 812900 29783576 29783576 ATHLETIC SERVICES 812900 3530306 2991058 539248 ROOM RENTAL 812900 1793146 1061019 732127 NEWSLETTER 541800 1139211 425481 713730 SPECIAL EVENTS 812900 755377 755377 1334995 951547 383448 38336611 60242 0 60242 60242 60242 359543 -359543 -359543 -359543 15540139 6559488 8980651 7898879 1081772 ENRICHMENT FUND 812900 206975 206975 48630 48630 255605 47273566 44122542 3510567 -359543 1244817 19274160 503558 4095201 2197312 333511 80540 636418 1010 4213785 906455 2810636 389644 340339 4856490 ALTHLETIC EXPENSES 862103 TAXES AND LICENSES 823516 BAD DEBT EXPENSE 102685 MEMBERSHIP FUNCTIONS 34350 516751 44223281 1272932 7516890 4036181 3464350 1210241 1294117 2663056 2534503 138934479 64113183 63171548 74821296 47632 49066 72401590 89680222 3723382 5352841 3886167 4627640 6880795 18548834 1007663 1136501 15498007 29665816 X 56903583 60014406 56903583 60014406 72401590 89680222 3050285 60538 0 X X 0 1 X 1 0 X PRIVATE ENJOYMENT OF MEMBER 0 1063972 1063972 105992342 50180021 55812321 11805763 4397487 7408276 17993668 9480137 8513531 2078734 55538 2023196 74821296 FUNDS HELD FOR SOCIAL CLUBS 1022452 OPERATING LEASE LIABILITY 49066 FORWARD INTEREST RATE SWAP 64983 1136501 X PART III, LINE 1A: THE CLUB'S ARTWORK, ACQUIRED MAINLY THROUGH CONTRIBUTIONS SINCE THE CLUB'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE CONSOLIDATED BALANCE SHEET. EACH ITEM OF ARTWORK IS CATALOGED, PRESERVED, AND CARED FOR AND PROCEDURES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ANY ADDITIONS TO THE ARTWORK COLLECTION SUBSEQUENT TO 1994, IF PURCHASED, ARE CAPITALIZED AT COST AND, IF DONATED, CAPITALIZED AT FAIR MARKET VALUE AS OF THE DATE OF DONATION. ALL ARTWORK OF THE CLUB RECOGNIZED ON THE CONSOLIDATED BALANCE SHEET IS HELD SOLELY BY THE DAC FOUNDATION. PART III, LINE 4: VARIOUS WORKS OF ART PRIMARILY CONTRIBUTED BY MEMBERS FOR THE QUIET ENJOYMENT OF MEMBERS OF THE CLUB. PART X, LINE 2: DETROIT ATHLETIC CLUB IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). NO TAX PROVISION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS, AS NO TAX BENEFIT IS EXPECTED TO BE REALIZED ON THE ACCUMULATED LOSSES TO DATE. THE CLUB IS, HOWEVER, SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME, FOR WHICH APPROPRIATE PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CLUB AND RECOGNIZE A TAX LIABILITY IF THE CLUB HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CLUB AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X 1 1 X X X 0 0 0 CHARLES JOHNSON EXECUTIVE MANAGER 526250 0 125000 0 30492 0 14000 0 23184 0 718926 0 0 0 AARON LACKEY CHIEF FINANCIAL OFFICER 280272 0 57835 0 0 0 0 0 23184 0 361291 0 0 0 SHAWN LOVING EXECUTIVE CHEF 265760 0 54938 0 0 0 0 0 23184 0 343882 0 0 0 ROB BARR ATHLETIC DIRECTOR 192796 0 43314 0 0 0 0 0 23184 0 259294 0 0 0 BRIGETH BROOKINS ASSISTANT GENERAL MANAGER 194750 0 19764 0 0 0 0 0 6877 0 221391 0 0 0 HASSAN YAZBEK DIRECTOR OF FOOD AND BEVERAGE 132173 0 46150 0 0 0 0 0 23184 0 201507 0 0 0 JANE JACOB DIRECTOR OF HUMAN RESOURCES 131694 0 26155 0 0 0 0 0 22276 0 180125 0 0 0 JANE JUSZCZYK ASSISTANT SECRETARY 112262 0 25115 0 0 0 0 0 17663 0 155040 0 0 0 PART I, LINE 1A THE EXECUTIVE MANAGER - TRAVEL FOR COMPANION BENEFIT WAS USED DURING THE TAX YEAR AND INCLUDED IN TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS AN ANNUAL ELECTION OPEN TO ALL RESIDENT AND SENIOR MEMBERS IN GOOD STANDING TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS PER THE CLUB BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY CLUB MANAGEMENT AND A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE OF DISCLOSURE IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. ALL COMMITTEE AND BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. THESE FORMS ARE THEN RETAINED BY THE EXECUTIVE SECRETARY. ALL FORMS ARE ALSO REVIEWED BY A 3RD PARTY AUDITOR AT THE END OF THE YEAR. ADDITIONALLY, ACCOUNTING AND THE BOARD REVIEW THE TOP 20 VENDOR LIST TO IDENTIFY ANY POTENTIAL CONFLICTS. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE BOARD MEMBER IS EXCLUDED FROM ANY DISCUSSION ON THE MATTER AND IS RECUSED FROM VOTING ON ANY ITEMS WHERE THERE MAY BE A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE SUB-COMMITTEE OF BOARD REVIEWS THE EXECUTIVE MANAGER COMPENSATION USING COMPARABLE DATA SUPPLIED BY INDUSTRY SOURCES. THE PRESIDENT THEN APPROVES THE EXECUTIVE MANAGER'S COMPENSATION. THE EXECUTIVE MANAGER REVIEWS AND APPROVES THE COMPENSATION OF OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST IN THE MEMBERSHIP OFFICE. FINANCIALS ARE PUBLISHED ANNUALLY IN THE DAC NEWS MAGAZINE MAILED DIRECTLY TO EACH MEMBER; THEY ARE ALSO AVAILABLE AT AN ANNUAL MEETING OPEN TO ALL MEMBERS. THE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DETROIT ATHLETIC CLUB FOUNDATION 241 MADISON AVENUE DETROIT MI 48226 383479236 TO RAISE AND EXPEND FUNDS FOR THE PUBLIC GOOD MI 501(C)(3) 7 N/A 0 MAS DETROIT CORP 241 MADISON AVENUE DETROIT MI 48226 464061746 CIGAR BAR MI DETROIT ATHLETIC CLUB C 161507 262339 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 MAS DETROIT CORP A 60242 COMPARABLE TRANSACTIONS DETROIT ATHLETIC CLUB FOUNDATION P 52028 CASH