Civic Intelligence

Quadrangle Club

EIN 36-1655190 • 501(c)7 • Chicago, IL

Profile

The Quadrangle Club was established for the association of members of the faculties of the University of Chicago and other persons interested in literature, science or art. The Club has approximately 1124 individual members and approximately 276 University Department Members.

6054 S Drexel AvenueChicago, IL 60637

www.quadclub.uchicago.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.34x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.69x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

4.0%

Higher net margin than 47% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

9.5%

Faster asset growth than 77% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

79th percentile

17%

Faster revenue growth than 79% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$921,486

Up $50,082 (+5.7%) from 2023

Liabilities

Down

$2,156,742

Down $75,755 (-3.4%) from 2023

Net Assets

Up

-$1,235,256

Up $125,837 (+9.2%) from 2023

Revenue

Up

$3,117,831

Up $89,680 (+3.0%) from 2023

Expenses

Up

$2,991,994

Up $229,632 (+8.3%) from 2023

Net Income

Down

$125,837

Down $139,952 (-53%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2020: $12,804Liabilities 2020: $1,023,386Net Assets 2020: -$1,010,5822020Assets 2021: $337,405Liabilities 2021: $1,896,700Net Assets 2021: -$1,559,2952021Assets 2022: $768,210Liabilities 2022: $2,395,092Net Assets 2022: -$1,626,8822022Assets 2023: $871,404Liabilities 2023: $2,232,497Net Assets 2023: -$1,361,0932023Assets 2024: $921,486Liabilities 2024: $2,156,742Net Assets 2024: -$1,235,2562024

Highlighted filing

2024

Assets$921,486
Liabilities$2,156,742
Net Assets-$1,235,256

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,735,894Expenses 2020: $2,518,358Net Income 2020: -$782,4642020Revenue 2021: $177,913Expenses 2021: $726,626Net Income 2021: -$548,7132021Revenue 2022: $2,271,428Expenses 2022: $2,339,015Net Income 2022: -$67,5872022Revenue 2023: $3,028,151Expenses 2023: $2,762,362Net Income 2023: $265,7892023Revenue 2024: $3,117,831Expenses 2024: $2,991,994Net Income 2024: $125,8372024

Highlighted filing

2024

Revenue$3,117,831
Expenses$2,991,994
Net Income$125,837

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,117,831
Mission and Program Overview

Mission

The Quadrangle Club was established for the association of members of the faculties of the University of Chicago and other persons interested in literature, science or art. The Club has approximately 1193 individual members and approximately 278 University Department Members.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$551,724$692,605▲ $140,881
Accounts Receivable$289,810$182,107▼ $107,703
Inventories for Sale or Use$13,634$31,724▲ $18,090
Prepaid Expenses and Deferred Charges$16,236$15,050▼ $1,186
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,361,093$-1,235,256▲ $125,837
Total Assets$871,404$921,486▲ $50,082
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,754,796$1,742,545▼ $12,251
Accounts Payable and Accrued Expenses$477,701$414,197▼ $63,504
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,232,497$2,156,742▼ $75,755
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,361,093$-1,235,256▲ $125,837
Total Liabilities and Net Assets / Fund Balance$871,404$921,486▲ $50,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$441,220$441,220
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catherine Callow-wrightFormer President
Tracy MccabePresident
Kimberly TaylorSecretary
Ivan SamsteinTreasurer (as of 01/18/24)
Maryfrances MccourtTreasurer (until 01/18/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$996,756
Program Service Revenue
$2,121,075
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$125,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,991,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$2,082,460
Occupancy---$228,815
Office Expenses---$190,267
Other Expenses---$78,329
Information Technology---$42,938
Advertising---$16,082
Travel---$3,565
Insurance---$1,644
Total Functional Expenses$0$0$0$2,991,994
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Outside Management Company$1,742,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3

Delegation of management duties benchmark resorts & hotels, a hospitality management company, manages the daily operations of the quadrangle club under contract. All quadrangle club staff are employees of benchmark resorts & hotels.

Form 990, Part VI, Line 6

Classes of members or stockholders the university of chicago is the sole sustaining member of the quadrangle club.

Form 990, Part VI, Line 7A

Members or stockholders electing members of governing body the university of chicago is the sole sustaining member and has the right to appoint the board of trustees of the quadrangle club.

Form 990, Part VI, Line 7B

Decisions requiring approval by members or stockholders the decisions of the quadrangle club board are subject to review by the university of chicago, the sole sustaining member.

Form 990, Part VI, Line 11B

Review of form 990 by governing body a copy of the form 990 was distributed to the board members of the quadrangle club prior to filing the return to allow them the opportunity to review and ask questions.

Form 990, Part VI, Line 12A

The quadrangle club does not have a conflict of interest policy. However, the officers of the quadrangle club are officers of the university of chicago, the controlling organization. These officers have completed a conflict of interest questionnaire that included all related organizations including the quadrangle club.

Form 990, Part VI, Line 13

The quadrangle club does not have a written whistleblower policy. However the university of chicago, the controlling organization, does have a written whistleblower policy.

Form 990, Part VI, Line 14

The quadrangle club does not have a written document retention policy. However the university of chicago, the controlling organization, does have a written document retention policy.

Form 990, Part VI, Line 19

Required documsnts available to the public the quadrangle club makes its governing documents available to the public upon request. The quadrangle club does not have a conflict of interest policy and does not have audited financial statements.

Filing and Contact Details

Filer

Filer Name
Quadrangle Club
EIN
36-1655190
In Care Of
% JENNIE BENNETT
Phone
7737029466
Address
6054 S DREXEL AVENUE, CHICAGO, IL 60637

Signing Officer

Name
Ivan Samstein
Title
Treasurer
Phone
7737029466
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ivan Samstein
Formed
1895
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
PwC US Tax LLP
Address
655 NEW YORK AVE NW SUITE 1100, WASHINGTON, DC 20001
Preparer
Travis L Patton
Phone
2024141000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The quadrangle club was established for the association of members of the faculties of the university of chicago and other persons interested in literature, science or art. The club has approximately 1,479 individual members and approximately 281 university department members.

Financial Statement Notes

Part X, Line 2

Fin 48 this organization is an affiliate of the university of chicago. The fin 48 footnote below derives from the consolidated june 30, 2024 financial statements of the university of chicago: the university of chicago is a tax-exempt organization under section 501(c)(3) of the internal revenue code and, except for unrelated business income, is exempt from federal income taxes. There was no provision for income taxes due on unrelated business income in fiscal years 2024 and 2023 and there are no uncertain tax positions considered to be material.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01677242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1437153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26680
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0434731
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1284998
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0ROOMS: THE QUADRANGLE CLUB OCCUPANCY FOR FY2024 WAS 1,682 NIGHTS.
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IRS990/PYContributionsGrantsAmt0184439
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IRS990/PYOtherExpensesAmt02762362
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02843712
IRS990/PYRevenuesLessExpensesAmt0265789
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02762362
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03028151
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0125837
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0808455
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1361093
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1235256
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0441220
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0441220
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01742545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO OUTSIDE MANAGEMENT COMPANY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 THIS ORGANIZATION IS AN AFFILIATE OF THE UNIVERSITY OF CHICAGO. THE FIN 48 FOOTNOTE BELOW DERIVES FROM THE CONSOLIDATED JUNE 30, 2024 FINANCIAL STATEMENTS OF THE UNIVERSITY OF CHICAGO: THE UNIVERSITY OF CHICAGO IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL INCOME TAXES. THERE WAS NO PROVISION FOR INCOME TAXES DUE ON UNRELATED BUSINESS INCOME IN FISCAL YEARS 2024 AND 2023 AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
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IRS990ScheduleD/TotalLiabilityAmt01742545
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2598691
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt467068
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt21067829
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt426400
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt18787
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt237680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt3529821
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt43788
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIMBERLY TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TRACY MCCABE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2IVAN SAMSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARYFRANCES MCCOURT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CATHERINE CALLOW-WRIGHT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER (AS OF 01/18/24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TREASURER (UNTIL 01/18/24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4FORMER PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01113424
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1456517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt21937704
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt31639595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4557662
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THEQUADRANGLE CLUB OFFICERS WAS DETERMINED BY A RELATED ORGANIZATION, THE UNIVERSITY OF CHICAGO. THE FOLLOWING METHODS WERE USED: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2023: MARYFRANCES MCCOURT - $494,322
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH A RELATED ORGANIZATION, THE UNIVERSITY OF CHICAGO MEDICAL CENTER, MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2024 FOR CALENDAR YEAR 2023: IVAN SAMSTEIN
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PART I, LINE 4A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE J, PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE QUADRANGLE CLUB WAS ESTABLISHED FOR THE ASSOCIATION OF MEMBERS OF THE FACULTIES OF THE UNIVERSITY OF CHICAGO AND OTHER PERSONS INTERESTED IN LITERATURE, SCIENCE OR ART. THE CLUB HAS APPROXIMATELY 1,479 INDIVIDUAL MEMBERS AND APPROXIMATELY 281 UNIVERSITY DEPARTMENT MEMBERS.

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