2025-01-15T11:18:42-06:00 2024-02-29 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-03-01 390671450 UNIVERSITY CLUB OF MILWAUKEE UNIV 4144105703 7401 N 43RD STREET BROWN DEER WI 53209 DEVIN LOWE GENERAL MANAGER 4144105703 2025-01-15 1 1 TROY MARINE CPA P00187863 4147775500 2025-01-14 2023 2024-10-15 13:58:12Z X DEVIN LOWE 7401 N 43RD STREET BROWN DEER WI 53209 10341038 0 X UCLUBMKE.COM X 1898 WI THE UNIVERSITY CLUB OF MILWAUKEE IS A PRIVATE CLUB WITH A FULL CONTINUUM OF OFFERINGS FOR EVERY MEMBER OF THE FAMILY.THE CLUB IS COMMITTED TO MAINTAINING A HIGH STANDARD OF QUALITY IN ITS SERVICES AND EXPERIENCES FOR ALL MEMBERS AND THEIR GUESTS. 13 13 274 15 598959 0 0 0 7677125 7943241 0 0 87748 1501787 7764873 9445028 0 0 0 0 4252012 4727807 0 0 0 3541308 3503729 7793320 8231536 -28447 1213492 10466528 11816323 8878311 9434614 1588217 2381709 X TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES TO CLUB MEMBERS AND THEIR GUESTS. 0 1 7663127 FOOD AND BEVERAGE SERVICE, GOLF, TENNIS, AQUATIC ACTIVITIES, AND GOLF SIMULATOR. 7663127 0 0 0 0 0 0 1 0 0 1 0 0 0 0 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 16 0 1 274 1 1 1 0 0 0 0 104775 664019 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 4144105703 7401 NORTH 43RD STREET BROWN DEER WI 53209 JAMES CARAGHER PRESIDENT 1.00 X X 0 0 0 DAN AIELLO VICE PRESIDENT 1.00 X X 0 0 0 TOM POPALISKY SECRETARY 1.00 X X 0 0 0 JOHN BARRY TREASURER 1.00 X X 0 0 0 PETER DUBACK AT LARGE 1.00 X 0 0 0 REBECCA HARTZEL AT LARGE 1.00 X 0 0 0 DAN HEICHEL ADVISORY 1.00 X 0 0 0 MICHAEL HONKAMP DIRECTOR 1.00 X 0 0 0 MICHELLE HOWENSTEIN DIRECTOR 1.00 X 0 0 0 JAY RABIDEAUX DIRECTOR 1.00 X 0 0 0 JAMIE REEVE DIRECTOR 1.00 X 0 0 0 STEVE SEWART DIRECTOR 1.00 X 0 0 0 SEBASTIAN THACHENKARY DIRECTOR 1.00 X 0 0 0 JEFF PODBIELSKI CONTROLLER 40.00 X 102575 0 1629 CARL GRANBERG GENERAL MANAGER 40.00 X 248559 0 4567 TERRY CONWAY SUPERINTENDENT 40.00 X 110089 0 2948 RYAN MUMPER SUPERINTENDENT 40.00 X 100280 0 2600 561503 0 11744 4 0 1 0 0 DUES 713910 4743577 4743577 EVENTS 713910 2154846 2154846 GOLF 713910 675288 596330 78958 TENNIS, POOL, LOCKERS 713910 136357 136357 ROOMS 713910 128398 2254 126144 104775 104775 7943241 2377558 896010 1481548 1087691 393857 OTHER REVENUE 900099 20239 20239 20239 9445028 8825830 598959 20239 104204 3950374 21011 240665 411553 147393 76129 166212 97096 867424 26665 292975 682405 54353 GOLF EXPENSES 306634 OTHER 209528 PROPERTY TAX 184606 BAD DEBT EXPENSE 95428 296881 8231536 550959 2331340 1267026 706386 124596 68819 177388 240339 25203617 17242134 8165053 7961483 181506 507956 10466528 11816323 1295391 1506341 3159355 3019733 4326544 4908540 97021 0 8878311 9434614 X 0 0 0 0 1588217 2381709 1588217 2381709 10466528 11816323 1213492 -420000 0 X 1 X 0 1 0 0 307387 307387 18027617 11668140 6359477 6868613 5573994 1294619 7961483 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 2023 OR 2022. 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 29, 2024 AND 2023. THE FEDERAL AND STATE TAX RETURNS OF THE CLUB FOR 2021, 2022, 2023, 2024 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 226059 0 22500 0 0 0 540 0 4027 0 253126 0 0 0 FORM 990, PART III, LINE 3 THE CITY CLUB LOCATION WAS CLOSED AS OF 12.31.2023. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 307 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.