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Nonprofiteer
← QUADRANGLE CLUB

Form 990 for tax year 2023

Filed by QUADRANGLE CLUB.

Totals

Total revenue
$3,117,831
Total expenses
$2,991,994
Contributions and grants received
$996,756
Grants paid
$0
Program service revenue
$2,121,075
Investment income
$0
Other revenue
$0
Total assets, end of year
$921,486
Total liabilities, end of year
$2,156,742
Net assets or fund balances, end of year
-$1,235,256
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $188,301

  • 1d · Related organizations

    $808,455

  • 2a · Program service revenue: FOOD AND BEVERAGES

    total $1,677,242 · related or exempt $1,242,531 · unrelated business $434,731 · excluded $0

  • 2b · Program service revenue: ROOMS

    total $437,153 · related or exempt $152,155 · unrelated business $284,998 · excluded $0

  • 2c · Program service revenue: FEES AND EQUIPMENT RENTAL

    total $6,680 · related or exempt $6,680 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $2,082,460

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $16,082

  • 13 · Office expenses

    total $190,267

  • 14 · Information technology

    total $42,938

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $228,815

  • 17 · Travel

    total $3,565

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,644

  • 24a · Other expenses: COGS

    total $347,894

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $78,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $551,724 · end of year $692,605

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $289,810 · end of year $182,107

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $13,634 · end of year $31,724

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,236 · end of year $15,050

  • 10a · Land, buildings and equipment: cost or other basis

    $441,220

  • 10b · Land, buildings and equipment: accumulated depreciation

    $441,220

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $477,701 · end of year $414,197

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,754,796 · end of year $1,742,545

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,361,093 · end of year -$1,235,256

Mission and programs · 2023

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 1,479 INDIVIDUAL MEMBERS AND APPROXIMATELY 281 UNIVERSITY DEPARTMENT MEMBERS.

Activities or mission (Part I)

SEE SCHEDULE O

  • FOOD AND BEVERAGE SERVICE: THE QUADRANGLE CLUB IS OPEN OVER 300 DAYS A YEAR (CLOSED SUNDAY AND SOME HOLIDAYS). THE QUADRANGLE CLUB SERVES BREAKFAST, LUNCH AN DINNER TO ITS MEMBERS AND THEIR GUESTS.

  • ROOMS: THE QUADRANGLE CLUB OCCUPANCY FOR FY2024 WAS 1,682 NIGHTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ivan Samstein

    TREASURER (AS OF 01/18/24)

    Total calculated
    $1,937,704
    From this org
    $0
    From related orgs
    $1,704,200
    Other
    $233,504
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,067,829 related
    Bonus
    $0 + $598,691 related
    Other
    $0 + $37,680 related
    Deferred
    $0 + $195,751 related
    Nontaxable benefits
    $0 + $37,753 related
    Filer's total
    $0 + $1,937,704 related

  • Maryfrances McCourt

    TREASURER (UNTIL 01/18/24)

    Total calculated
    $1,639,595
    From this org
    $0
    From related orgs
    $1,576,346
    Other
    $63,249
    Hours/week
    2 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $932,619 related
    Bonus
    $0 + $113,906 related
    Other
    $0 + $529,821 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $36,849 related
    Filer's total
    $0 + $1,639,595 related

  • Kimberly Taylor

    SECRETARY

    Total calculated
    $1,113,424
    From this org
    $0
    From related orgs
    $905,631
    Other
    $207,793
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $832,751 related
    Bonus
    $0 + $62,573 related
    Other
    $0 + $10,307 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $181,393 related
    Filer's total
    $0 + $1,113,424 related

  • Catherine Callow-Wright

    FORMER PRESIDENT

    Total calculated
    $557,662
    From this org
    $0
    From related orgs
    $490,707
    Other
    $66,955
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $419,851 related
    Bonus
    $0 + $67,068 related
    Other
    $0 + $3,788 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $40,555 related
    Filer's total
    $0 + $557,662 related

  • Tracy McCabe

    PRESIDENT

    Total calculated
    $456,517
    From this org
    $0
    From related orgs
    $407,272
    Other
    $49,245
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,970 related
    Bonus
    $0 + $63,515 related
    Other
    $0 + $8,787 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $22,845 related
    Filer's total
    $0 + $456,517 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE 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
SCHEDULE J, PART I, LINE 4A
THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2023: MARYFRANCES MCCOURT - $494,322
SCHEDULE J, PART I, LINE 4B
CERTAIN 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

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • INGALLS SAME DAY SURGERY LTD

    N/A · SURGERY CENTER · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • IRON POINT REAL ESTATE PTNRS - TE (C) LP

    N/A · INVESTMENT · TX · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • JAPAN ABSOLUTE VALUE FUND LP

    NONE · INVESTMENT · MA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • NEEDLE 2023-1 LLC

    N/A · INVESTMENT · CA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • NYDIG DIGITAL ASSETS FUND V LP

    N/A · INVESTMENT · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SILKROAD ASIA VALUE PARTNERS II LP

    N/A · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • UCMC-SOLIS ON-CAMPUS MAMMOGRAPHY LLC

    N/A · MAMMOGRAPHY · DE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • UCMC-SOLIS OFF-CAMPUS MAMMOGRAPHY LLC

    N/A · MAMMOGRAPHY · DE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UCHICAGO (BEIJING) CONSULTING CO LTD

    C CORPORATION · CONSULTING · CH · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • UCHICAGO CENTER IN INDIA PRIVATE LIMITED

    C CORPORATION · CONSULITNG · IN · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SC CURRICULUM INC

    C CORPORATION · SCI CURRICULUM · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • PHOENIX OVERLAY FUND LTD

    C CORPORATION · INVESTING · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • INGALLS PROVIDER GROUP

    C CORPORATION · INSURANCE SERVICE · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MEDCENTRIX INC

    C CORPORATION · BILLING & MGMT · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • TRULEN INSURANCE SPC LIMITED

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • CAPSTONE CPP 2012 1 FUND

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • KOHINOOR CORE (CAYMAN) FUND

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • PENSO FUND PLATFORM SPC - SEG PORTFOLIO

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • STANDARD GENERAL OFFSHORE FUND LTD

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • TARPON ALL EQUITIES FUND LP

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • VIEWFORTH EUROPEAN EQUITY FUND LIMITED

    C CORPORATION · INVESTMENT · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • EMPLOYED PHYSICIANS SP A SEGREGATED POR

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • HPL-GL SP A SEGREGATED PORTFOLIO OF TRU

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • INGALLS CASUALTY INSURANCE LTD

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • INGALLS HEALTH COUNCIL

    C CORPORATION · PURCHASING GROUP · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • NON-EMPLOYED PHYSICIANS SP A SEGREGATED

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SP 4 A SEGREGATED PORTFOLIO OF TRULEN I

    C CORPORATION · LIAB INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349308148

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