Civic Intelligence

Chicago Summer Resort Company

EIN 38-2985492 • 501(c)7 • Charlevoix, MI

Profile

To provide social and recreational services to club members and their families.

PO Box 66Charlevoix, MI 49720

www.chicagoclub.org

Siviq Scores

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

Liabilities / Assets

36th percentile

0.04x

Higher debt load relative to assets than 36% of similar nonprofits.

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

Liabilities / Revenue

36th percentile

0.07x

Higher debt load relative to revenue than 36% of similar nonprofits.

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

Net Margin

28th percentile

-1.0%

Higher net margin than 28% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$123,281

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

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

Asset Growth

33rd percentile

-0.8%

Faster asset growth than 33% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

2.3%

Faster revenue growth than 38% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,965,448

Down $16,421 (-0.8%) from 2023

Liabilities

Down

$83,281

Down $4,274 (-4.9%) from 2023

Net Assets

Down

$1,882,167

Down $12,147 (-0.6%) from 2023

Revenue

Up

$1,158,261

Up $26,155 (+2.3%) from 2023

Expenses

Up

$1,170,408

Up $72,819 (+6.6%) from 2023

Net Income

Down

-$12,147

Down $46,664 (-135%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $842,385Liabilities 2010: $217,291Net Assets 2010: $625,0942010Assets 2011: $687,002Liabilities 2011: $83,623Net Assets 2011: $603,3792011Assets 2012: $689,075Liabilities 2012: $99,286Net Assets 2012: $589,7892012Assets 2013: $683,527Liabilities 2013: $47,632Net Assets 2013: $635,8952013Assets 2014: $881,303Liabilities 2014: $49,133Net Assets 2014: $832,1702014Assets 2015: $1,182,835Liabilities 2015: $49,490Net Assets 2015: $1,133,3452015Assets 2016: $1,392,112Liabilities 2016: $54,022Net Assets 2016: $1,338,0902016Assets 2017: $1,422,236Liabilities 2017: $56,212Net Assets 2017: $1,366,0242017Assets 2018: $1,448,359Liabilities 2018: $66,273Net Assets 2018: $1,382,0862018Assets 2019: $1,839,157Liabilities 2019: $64,337Net Assets 2019: $1,774,8202019Assets 2020: $1,864,603Liabilities 2020: $68,456Net Assets 2020: $1,796,1472020Assets 2021: $1,907,953Liabilities 2021: $78,926Net Assets 2021: $1,829,0272021Assets 2022: $1,940,307Liabilities 2022: $80,510Net Assets 2022: $1,859,7972022Assets 2023: $1,981,869Liabilities 2023: $87,555Net Assets 2023: $1,894,3142023Assets 2024: $1,965,448Liabilities 2024: $83,281Net Assets 2024: $1,882,1672024

Highlighted filing

2024

Assets$1,965,448
Liabilities$83,281
Net Assets$1,882,167

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $713,0282010Expenses 2011: $942,9822011Expenses 2012: $899,3862012Revenue 2013: $1,044,949Expenses 2013: $998,843Net Income 2013: $46,1062013Revenue 2014: $819,529Expenses 2014: $763,254Net Income 2014: $56,2752014Revenue 2015: $914,844Expenses 2015: $823,669Net Income 2015: $91,1752015Revenue 2016: $895,688Expenses 2016: $813,312Net Income 2016: $82,3762016Revenue 2017: $903,624Expenses 2017: $875,690Net Income 2017: $27,9342017Revenue 2018: $908,641Expenses 2018: $892,579Net Income 2018: $16,0622018Revenue 2019: $994,830Expenses 2019: $912,096Net Income 2019: $82,7342019Revenue 2020: $925,641Expenses 2020: $904,314Net Income 2020: $21,3272020Revenue 2021: $1,036,226Expenses 2021: $1,003,346Net Income 2021: $32,8802021Revenue 2022: $1,056,097Expenses 2022: $1,045,227Net Income 2022: $10,8702022Revenue 2023: $1,132,106Expenses 2023: $1,097,589Net Income 2023: $34,5172023Revenue 2024: $1,158,261Expenses 2024: $1,170,408Net Income 2024: -$12,1472024

Highlighted filing

2024

Revenue$1,158,261
Expenses$1,170,408
Net Income-$12,147

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.08$1.88$1.16$1.17$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.09$1.89$1.13$1.10$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.08$1.86$1.06$1.05$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.08$1.83$1.04$1.00$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.07$1.80$0.93$0.90$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.06$1.77$0.99$0.91$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.07$1.38$0.91$0.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.06$1.37$0.90$0.88$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.39$0.05$1.34$0.90$0.81$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$0.91$0.82$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$0.82$0.76$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.05$0.64$1.04$1.00$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.10$0.59$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.08$0.60$0.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.22$0.63$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$1,158,261
Mission and Program Overview

Mission

To provide social and recreational services to club members and their families.

Social club and summer resort.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,148,410$1,148,410→ $0
Land, Buildings, and Equipment, Net$1,097,013$1,113,443▲ $16,430
Rtn Earn Endowment Incm Other Fnds$732,704$720,557▼ $12,147
Savings and Temporary Cash Investments$729,421$681,894▼ $47,527
Accounts Receivable$112,185$131,202▲ $19,017
Cash and Non-Interest-Bearing Accounts$22,982$19,929▼ $3,053
Prepaid Expenses and Deferred Charges$20,268$18,980▼ $1,288
Cap Stk Tr Prin Current Funds$13,200$13,200→ $0
Total Assets$1,981,869$1,965,448▼ $16,421
Liabilities
Accounts Payable and Accrued Expenses$86,968$81,877▼ $5,091
Other Liabilities$587$1,404▲ $817
Total Liabilities$87,555$83,281▼ $4,274
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,894,314$1,882,167▼ $12,147
Total Liabilities and Net Assets / Fund Balance$1,981,869$1,965,448▼ $16,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$503,364$1,120,690$1,624,054
Equipment$309,021$11,506$320,527
Other Land Buildings$242,095$5,206$247,301
Land$58,963-$58,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff AndersonClub ManagerFT$101,871$21,410$123,281

Board Members and Trustees

NameTitle
Dorothy HolmesPresident
Denis Cash JrVice President
James C Holmes JrDirector
Katharine H RammacherDirector
Katherine BosDirector
Pamela WyettDirector
Richard B PlattDirector
William a Powel IiiDirector
John ZdanowskiAssistant Treasurer
David GraySecretary
Andrew ParadisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,150,575
Program Service Revenue
$0
Investment Income
$7,686
Other Revenue
$0
Change in Net Assets
$-12,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$787,991
Salaries, Compensation, and Employee Benefits$382,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$451,897
Other Salaries and Wages---$181,126
Current Officers, Directors, Trustees, and Key Employees---$123,281
Depreciation Depletion---$56,481
Other Employee Benefits---$48,014
Payroll Taxes---$29,996
All Other Expenses---$22,304
Fees for Services Accounting---$21,620
Other Expenses---$13,897
Insurance---$5,369
Office Expenses---$5,118
Total Functional Expenses$0$0$0$1,170,408
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Tax Payable$1,404
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following board members have a family relationship : dorothy holmes and james holmes, jr.

Form 990, Part VI, Section A, Line 6

The corporation is organized on a stock basis with members having voting rights.

Form 990, Part VI, Section A, Line 7A

Stockholders elect the board of directors.

Form 990, Part VI, Section B, Line 11B

The review of the form 990 was conducted by the president and treasurer of the board of directors and also by the club manager before it was filed. The review consisted of examining all questions on the form 990 and reviewing the financial information.

Form 990, Part VI, Section C, Line 19

Copies of the form 1023 and the form 990 for the last three years are provided upon request or the documents may be inspected at the chicago summer resort company office.

Filing and Contact Details

Filer

Filer Name
Chicago Summer Resort Company
EIN
38-2985492
Phone
2314373241
Address
PO BOX 66, CHARLEVOIX, MI 49720

Signing Officer

Name
Jeffrey Anderson
Title
Manager
Phone
2314373241
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Powel Iii
Formed
1991
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
15
Volunteers
0

Preparer

Firm
Rasmussen Teller & Caron Pc
Address
555 MICHIGAN STREET, PETOSKEY, MI 49770
Preparer
Hyangsook P Ostrander CPA
Phone
2313475555
Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01148410
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018980
IRS990/PrincipalOfficerNm0WILLIAM A POWEL III
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01128312
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03794
IRS990/PYOtherExpensesAmt0725895
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt034517
IRS990/PYSalariesCompEmpBnftPaidAmt0371694
IRS990/PYTotalExpensesAmt01097589
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01132106
IRS990/ReconcilationRevenueExpnssAmt0-12147
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0732704
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0720557
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0729421
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0681894
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0503364
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01120690
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01624054
IRS990ScheduleD/EquipmentGrp/BookValueAmt0309021
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0320527
IRS990ScheduleD/LandGrp/BookValueAmt058963
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt058963
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0242095
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05206
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0247301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FEDERAL INCOME TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01113443
IRS990ScheduleD/TotalLiabilityAmt01404
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP : DOROTHY HOLMES AND JAMES HOLMES, JR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS ORGANIZED ON A STOCK BASIS WITH MEMBERS HAVING VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STOCKHOLDERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REVIEW OF THE FORM 990 WAS CONDUCTED BY THE PRESIDENT AND TREASURER OF THE BOARD OF DIRECTORS AND ALSO BY THE CLUB MANAGER BEFORE IT WAS FILED. THE REVIEW CONSISTED OF EXAMINING ALL QUESTIONS ON THE FORM 990 AND REVIEWING THE FINANCIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE FORM 1023 AND THE FORM 990 FOR THE LAST THREE YEARS ARE PROVIDED UPON REQUEST OR THE DOCUMENTS MAY BE INSPECTED AT THE CHICAGO SUMMER RESORT COMPANY OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01981869
IRS990/TotalAssetsEOYAmt01965448
IRS990/TotalAssetsGrp/BOYAmt01981869
IRS990/TotalAssetsGrp/EOYAmt01965448
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01150575
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/TotalAmt01170408
IRS990/TotalGrossUBIAmt07686
IRS990/TotalLiabilitiesBOYAmt087555
IRS990/TotalLiabilitiesEOYAmt083281
IRS990/TotalLiabilitiesGrp/BOYAmt087555
IRS990/TotalLiabilitiesGrp/EOYAmt083281
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01894314
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01882167
IRS990/TotalOtherCompensationAmt021410
IRS990/TotalReportableCompFromOrgAmt0101871
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01158261
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07686
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01981869
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01965448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 66
IRS990/USAddress/CityNm0CHARLEVOIX
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049720
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.CHICAGOCLUB.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02314373241
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHICAGO SUMMER RESORT COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0382985492
ReturnHeader/Filer/PhoneNum02314373241
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 66
ReturnHeader/Filer/USAddress/CityNm0CHARLEVOIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049720
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382268582
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RASMUSSEN TELLER & CARON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 MICHIGAN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PETOSKEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049770
ReturnHeader/PreparerPersonGrp/PhoneNum02313475555
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HYANGSOOK P OSTRANDER CPA
ReturnHeader/ReturnTs02025-05-14T11:43:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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