Civic Intelligence

Milwaukee Athletic Club

990 • Fiscal year 2012 • EIN 39-0475250

Apr 01, 2011 to Mar 31, 2012 • Filed on Feb 12, 2013

Organization ProfileWWW.MACWI.ORG

View Organization Page

758 N Broadway Street53202
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$7,952,381

Flat from 2012

Net Assets

Flat

$3,584,525

Flat from 2012

Liabilities

Flat

$4,367,856

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$6,895,232

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $9,345,465Liabilities 2010: $4,537,628Net Assets 2010: $4,807,8372010Assets 2011: $8,483,790Liabilities 2011: $4,440,551Net Assets 2011: $4,043,2392011Assets 2012: $7,952,381Liabilities 2012: $4,367,856Net Assets 2012: $3,584,5252012Assets 2012: $7,952,381Liabilities 2012: $4,367,856Net Assets 2012: $3,584,5252012Assets 2013: $7,431,926Liabilities 2013: $4,225,718Net Assets 2013: $3,206,2082013Assets 2014: $7,893,830Liabilities 2014: $3,871,471Net Assets 2014: $4,022,3592014Assets 2015: $7,887,327Liabilities 2015: $4,133,616Net Assets 2015: $3,753,7112015Assets 2016: $7,343,826Liabilities 2016: $4,117,687Net Assets 2016: $3,226,1392016Assets 2020: $612,947Liabilities 2020: $1,063,371Net Assets 2020: -$450,4242020Assets 2021: $722,431Liabilities 2021: $829,703Net Assets 2021: -$107,2722021Assets 2022: $491,850Liabilities 2022: $484,9282022

Highlighted filing

2012

Assets$7,952,381
Liabilities$4,367,856
Net Assets$3,584,525
Open 2012 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $7,198,6472010Revenue 2011: $6,221,185Expenses 2011: $6,985,783Net Income 2011: -$764,5982011Expenses 2012: $6,895,2322012Revenue 2012: $6,436,518Expenses 2012: $6,895,232Net Income 2012: -$458,7142012Revenue 2013: $6,305,270Expenses 2013: $6,683,587Net Income 2013: -$378,3172013Revenue 2014: $7,189,287Expenses 2014: $6,373,136Net Income 2014: $816,1512014Revenue 2015: $6,094,323Expenses 2015: $6,362,971Net Income 2015: -$268,6482015Revenue 2016: $5,775,906Expenses 2016: $6,303,478Net Income 2016: -$527,5722016Revenue 2020: $1,572,584Expenses 2020: $1,340,897Net Income 2020: $231,6872020Revenue 2021: $1,803,616Expenses 2021: $1,460,464Net Income 2021: $343,1522021Revenue 2022: $198,432Expenses 2022: $84,238Net Income 2022: $114,1942022

Highlighted filing

2012

Revenue-
Expenses$6,895,232
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2011 to Mar 31, 2012
Signed
Feb 12, 2013
Return Version
2011v1.5
Gross Receipts
$7,237,852
Mission and Program Overview

Mission

A private club that promotes athletics along with business and social opportunities by providing its members with a formal dining room, meeting rooms and full athletic facitilies.

Major Activities

Activity 2
Business - providing members with various opportunties to network with peers at roudtable discussions, gain access to experts and authors, and entertain clients.
Activity 3
Social - providing members with a broad and diverse offering of social activities such as, gourmet wine dinners, theme parties, and holiday get-togethers keeps our members entertained throughtout the year.
Filing and Contact Details

Filer

EIN
39-0475250
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1THE CLUB APPLIES AUTHORITATIVE ACCOUNTING GUIDANCE RELATED TO THE UNCERTAINTY IN INCOME TAXES. 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 ON THE TECHNICAL MERITS OF THE POSITION. THE CLUB RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. IT IS THE CLUB'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THERE WERE NO INTEREST AND PENALTIES INCURRED RELATING TO INCOME TAXES IN 2012 AND 2011. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED PRIOR TO APRIL 1, 2009. THE CLUB IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3COST OF GOODS SOLD 797,180.
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IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0MEMBER CLASSES AND RIGHTS INCLUDE: -YOUNG EXECUTIVE (AGES 21-35) THIS CLASS HAS NO VOTING RIGHTS AND CAN NOT RUN FOR THE BOARD OF DIRECTORS. OTHERWISE THEY ENJOY THE SAME RIGHTS AS OTHER MEMBERS. -RESIDENT (AGES 35-59), RESIDENT II (AGES 60-64), RESIDENT III (AGES 65-69), RESIDENT IV (AGE 70 PLUS), AND EXECUTIVE (AGE 35+): FULL RIGHTS INCLUDING ACCESS TO ALL SOCIAL AND ATHLETIC FACILITIES. THEY CAN SPONSOR HOTEL GUESTS AND CAN SPONSOR BUSINESS MEETINGS AND WEDDING RECEPTIONS. THEY CAN VOTE FOR AND HOLD OFFICE. -NON-RESIDENT (NO AGE LIMITS) FULL RIGHTS. THESE MEMBERS DO NOT MAINTAIN A RESIDENCE IN THE FIVE SURROUNDING COUNTIES OF THE CITY OF MILWAUKEE. -CLERGY (NO AGE LIMITS) FULL RIGHTS. THEIR SOLE OCCUPATION MUST BE THAT OF A FULL TIME PRIEST OR MINISTER. -HONORARY (AGE 80 PLUS AND HAVE BEEN A MEMBER MORE THAN 25 YEARS OR A PERSON THAT'S BEEN A MEMBER MORE THAN 50 YEARS REGARDLESS OF AGE.) FULL RIGHTS AS ABOVE EXCEPT THEY ARE EXEMPT FROM PAYING ANNUAL DUES. -RESIDENT SENIOR (AGE 75 PLUS AND HAVE BEEN A MEMBER MORE THAN 25 YEARS) FULL RIGHTS. -SURVIVING SPOUSE (NO AGE LIMIT) SURVIVING SPOUSES OF DECEASED MEMBERS ARE EXTENDED A DUES FREE COURTSEY MEMBERSHIP FOR A SIX MONTH PERIOD AFTER WHICH THEY HAVE THE OPTION OF CONTINUING MEMBERSHIP IN THE APPROPRIATE CLASS FOR WHICH THEY QUALIFY WITHOUT PAYMENT OF ADDITIONAL ENTRANCE OR MEMBERSHIP FEES.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL CLASSES OF MEMBERS (EXCEPT ASSOCIATE MEMBERS) ARE ENTITLED TO VOTE FOR OR HOLD OFFICE AS A DIRECTOR ON THE BOARD OF DIRECTORS. AT THE REGULAR MEETING OF THE BOARD OF DIRECTORS IN DECEMBER OF EACH YEAR A NOMINATING COMMITTEE CONSISTING OF THREE BOARD MEMBERS AND FOUR MEMBERS AT LARGE ARE APPOINTED AND THAT COMMITTEE SHALL PROVIDE ITS RECOMMENDATION FOR NOMINEES TO THE BOARD BY MARCH 1ST. THE COMMITTEE SHALL NOMINATE AT LEAST AS MANY CANDIDATES AS THE NUMBER OF POSITIONS TO BE FILLED. BESIDES THAT PROCESS A CANDIDATE FOR OFFICE CAN BE SELECTED BY A PETITION SIGNED BY AT LEAST 5% OF THE VOTING MEMBERS OF THE CLUB. CANDIDATES FOR ELECTION ARE PERMITTED TO MAKE ONE MAILING TO VOTING MEMBERS PROVIDED THAT COMMUNICATION IS PRE-APPROVED BY THE BOARD. THE SECRETARY OF THE BOARD THEN PREPARES A BALLOT THAT IS MAILED TO EACH VOTING MEMBER AT LEAST TEN DAYS PRIOR TO THE ELECTION. THE VOTING MEMBERS RECEIVE TWO ENVELOPES ALONG WITH THEIR BALLOT-ONE SAYS BALLOT THE OTHER IS A S.A.S.E. THAT IS ADDRESSED TO THE MILWAUKEE ATHLETIC CLUB ATTN: SECRETARY. THE VOTING MEMBER MARKS HIS BALLOT WITH THE CANDIDATE(S) OF HIS(HER) CHOICE AND PLACES HIS (HER) BALLOT IN THE ENVELOPE MARKED BALLOT AND SEALS IT. THAT ENVELOPE IN TURN IS INSERTED IN THE S.A.S.E. UPON RECEIPT THE SECRETARY PLACES ALL BALLOT ENVELOPES IN A BALLOT BOX. THE BALLOTS ARE COUNTED BY CLUB EMPLOYEES DESIGNATED BY THE BOARD AND THE ELECTION RESULTS ARE ANNOUNCED AT THE CLUBS ANNUAL MEETING WHICH TAKES PLACE IN MID-MAY EACH YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation2BAKER TILLY VIRCHOW KRAUSE, LLP CONDUCTS OUR AUDIT AS WELL AS PREPARES OUR TAX RETURNS. WE RELY ON THEIR EXPERTISE TO PREPARE AND REVIEW THE TAX RETURNS. OUR CONTROLLER REVIEWS THE RETURN BEFORE SIGNING AND FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3WHEN THE CLUB SOLICITS BIDS FOR CAPITAL PROJECTS AND THE MAJOR PURCHASES OF OTHER GOODS AND SERVICES THOSE COMPANIES WHICH HAVE KNOWN AFFILIATIONS TO BOARD MEMBERS ARE SPECIFICALLY EXCLUDED FROM THE PROCESS. THE GENERAL MANAGER, THE CONTROLLER AND THE CHAIRMAN OF THE HOUSE COMMITTEE DOUBLE CHECK FOR COMPLIANCE TO THE CONFLICT OF INTEREST POLICY PRIOR TO AWARDING A CONTRACT.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ONLY TOP MANAGEMENT POSITION THAT HAS ITS COMPENSATION REVIEWED BY THE BOARD IS THAT OF GENERAL MANAGER. THE LAST TIME THIS REVIEW TOOK PLACE WAS 3/31/08 IN PRIVATE SESSION OF THE BOARD OF DIRECTORS MEETING. THE FACTORS TAKEN INTO ACCOUNT WERE JOB PERFORMANCE VERSUS WRITTEN GOALS, THE ECONOMIC HEALTH OF THE CLUB AND SALARY SURVEYS OF COMPARABLE POSITIONS. AN ANNUAL INCREASE WAS APPROVED FOR THE GENERAL MANAGER BASED ON A MAJORITY VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5FORMS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6NO CHANGES HAVE BEEN MADE TO THE PROCESS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0WI
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY075418
IRS990/TemporarilyRestrictedNetAssets/EOY076881
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10758 N BROADWAY
IRS990/TheBooksAreInCareOf/AddressUS/City0MILWAUKEE
IRS990/TheBooksAreInCareOf/AddressUS/State0WI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode053202
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10NICHOLE M BARTZ
IRS990/TheBooksAreInCareOf/TelephoneNumber04142734134
IRS990/TotalAssets/BOY08483790
IRS990/TotalAssetsBOY08483790
IRS990/TotalAssets/EOY07952381
IRS990/TotalAssetsEOY07952381
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear06895232
IRS990/TotalExpensesPriorYear06985783
IRS990/TotalFunctionalExpenses/Total06895232
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI0866056
IRS990/TotalLiabilities/BOY04440551
IRS990/TotalLiabilitiesBOY04440551
IRS990/TotalLiabilities/EOY04367856
IRS990/TotalLiabilitiesEOY04367856
IRS990/TotalLiabNetAssetsFundBalances/BOY08483790
IRS990/TotalLiabNetAssetsFundBalances/EOY07952381
IRS990/TotalNbrEmployees0231
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY04043239
IRS990/TotalNetAssetsFundBalances/EOY03584525
IRS990/TotalOtherCompensation05624
IRS990/TotalOtherRevenue0247690
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome035555
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn035555
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue04455666

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,952,381
Liabilities
$4,367,856
Net assets
$3,584,525
Revenue
-
Expenses
$6,895,232
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.48$0.20$0.08$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.83$0.11$1.80$1.46$0.34
2020Summary only. Only limited summary data is available for this year.$0.61$1.06$0.45$1.57$1.34$0.23
2016Detailed filing. Detailed filing data is available for this year.$7.34$4.12$3.23$5.78$6.30$0.53
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$4.13$3.75$6.09$6.36$0.27
2014Detailed filing. Detailed filing data is available for this year.$7.89$3.87$4.02$7.19$6.37$0.82
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.43$4.23$3.21$6.31$6.68$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$4.37$3.58$6.90
2012Summary only. Only limited summary data is available for this year.$7.95$4.37$3.58$6.44$6.90$0.46
2011Summary only. Only limited summary data is available for this year.$8.48$4.44$4.04$6.22$6.99$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$4.54$4.81$7.20