2024-11-15T13:39:58-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2023-01-01 380477160 DETROIT ATHLETIC CLUB DETR 3139639200 241 MADISON AVENUE DETROIT MI 48226 AARON LACKEY CFO 3139639200 2024-11-15 1 1 DAVID LOWENTHAL P00378651 2483757100 2024-11-15 2023 2024-10-15 13:58:12Z CHARLES JOHNSON 241 MADISON AVENUE DETROIT MI 48226 52943198 0 X WWW.THEDAC.COM X 1931 MI A DISTINGUISHED PRIVATE CLUB PRESERVING AND CELEBRATING HUMANITY. THE MOST SOUGHT AFTER EXPERIENCE IN DETROIT. 18 18 656 0 5128591 80660 0 0 31167545 34799273 -256741 1428 10004824 11105665 40915628 45906366 0 0 0 0 22263016 25517742 0 0 0 14612993 16077835 36876009 41595577 4039619 4310789 67757018 72401590 15168669 15498007 52588349 56903583 TO CREATE LIFE-ENRICHING EXPERIENCES THAT BUILD MEANINGFUL RELATIONS, FOSTER PERSONAL AND PROFESSIONAL GROWTH, AND CELEBRATE CULTURE IN THE HEART OF DETROIT. 0 0 PROVIDE PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES FOR THE APPROXIMATELY 5,530 MEMBERS OF THE DETROIT ATHLETIC CLUB. 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 190 0 1 656 1 1 1 0 0 0 1 1 5281089 4328171 0 0 0 X 18 18 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X AARON LACKEY - CFO 3139639200 241 MADISON AVENUE DETROIT MI 48226 VITO P GIOIA II PRESIDENT 1.00 1.00 X X 0 0 0 DERRON M SANDERS 1ST VICE PRESIDENT 1.00 1.00 X X 0 0 0 DAVID T PROVOST 2ND VICE PRESIDENT 1.00 1.00 X X 0 0 0 LORNA UTLEY SECRETARY 1.00 1.00 X X 0 0 0 SHANE HENRY TREASURER 1.00 1.00 X X 0 0 0 DAVID C WALKER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL K LOTITO DIRECTOR 1.00 0.00 X 0 0 0 THOMAS HATHAWAY DIRECTOR 1.00 0.00 X 0 0 0 J MICHAEL BERNARD DIRECTOR 1.00 0.00 X 0 0 0 FREDERICK MINTURN DIRECTOR 1.00 0.00 X 0 0 0 JOHN FIKANY DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J HUTCHINSON DIRECTOR 1.00 0.00 X 0 0 0 LORRON E JAMES DIRECTOR 1.00 0.00 X 0 0 0 VINCENT BRENNAN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MCCARTHY DIRECTOR 1.00 0.00 X 0 0 0 STEVEN HOWELL DIRECTOR 1.00 0.00 X 0 0 0 BRYAN FITZGIBBON DIRECTOR 1.00 0.00 X 0 0 0 JACK BRUSEWITZ DIRECTOR 1.00 0.00 X 0 0 0 CHARLES JOHNSON EXECUTIVE MANAGER 50.00 1.00 X 611743 0 37489 AARON LACKEY CHIEF FINANCIAL OFFICER 50.00 1.00 X 351581 0 28636 JANE JUSZCZYK ASSISTANT SECRETARY 40.00 1.00 X 125066 0 19814 SHAWN LOVING EXECUTIVE CHEF 50.00 0.00 X 317892 0 26032 ROB BARR ATHLETIC DIRECTOR 50.00 0.00 X 223786 0 26032 WENDY EDWARDS ADVERTISING MANAGER 50.00 0.00 X 150751 0 25116 JANE JACOB DIRECTOR OF HUMAN RESOURCES 50.00 0.00 X 149167 0 19977 ELIZABETH KRUSE CONTROLLER 50.00 0.00 X 149572 0 26032 2079558 0 209128 23 0 1 0 EMERALD CITY DESIGNS 24590 N INDUSTRIAL ROAD FARMINGTON HILLS MI 48335 EVENT DECORATIONS 696828 ARKE SYSTEMS LLC 2870 PEACHTREE RD NW 915-1386 ATLANTA GA 30305 IT DESIGNER & CONSULTANCY 528449 AVL - CREATIVE LLC 6235 CONCORD SUITE 135 DETROIT MI 48211 AUDIO VISUAL 352086 JONNA CONSTRUCTION CO LLC 6200 2ND AVENUE STE D-102 DETROIT MI 48202 CONSTRUCTION CONTRACTOR 333387 ALLIED GENERAL SERVICES LLC 7600 IOWA ST DETROIT MI 48212 ENGINEERING CONTRACTOR 161805 9 MEMBERSHIP DUES 812900 26849725 26849725 ATHLETIC SERVICES 812900 2951725 2462942 488783 ROOM RENTAL 812900 2100485 1207207 893278 NEWSLETTER 541800 1073495 332950 740545 SPECIAL EVENTS 812900 547888 547888 1275955 713974 561981 34799273 60242 0 60242 60242 60242 80535 79107 1428 1428 1428 17643892 6957725 10686167 8302405 2383762 ENRICHMENT FUND 812900 261300 261300 97956 97956 359256 45906366 40776347 5128591 1428 1187888 18271188 365830 3616533 2076303 301111 67800 546922 6189 3998333 753513 3140341 387583 284922 4254553 ALTHLETIC EXPENSES 891837 TAXES AND LICENSES 809705 MEMBERSHIP FUNCTIONS 69307 BAD DEBT EXPENSE 53269 512450 41595577 1125046 1272932 3594755 4036181 1097757 1210241 1852922 2663056 122666573 59495025 59987460 63171548 99078 47632 67757018 72401590 3853306 3723382 4098192 3886167 6345508 6880795 871663 1007663 15168669 15498007 X 52588349 56903583 52588349 56903583 67757018 72401590 4310789 4445 0 X X 0 1 X 1 0 X PRIVATE ENJOYMENT OF MEMBER 0 1063972 1063972 94473377 47179485 47293892 9289193 3736787 5552406 16333697 8525259 7808438 1506334 53494 1452840 63171548 FUNDS HELD FOR SOCIAL CLUBS 955586 OPERATING LEASE LIABILITY 47632 FORWARD INTEREST RATE SWAP 4445 1007663 X PART III, LINE 1A: THE CLUB'S ARTWORK, ACQUIRED MAINLY THROUGH CONTRIBUTIONS SINCE THE CLUB'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE CONSOLIDATED BALANCE SHEET. EACH ITEM OF ARTWORK IS CATALOGED, PRESERVED, AND CARED FOR AND PROCEDURES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ANY ADDITIONS TO THE ARTWORK COLLECTION SUBSEQUENT TO 1994, IF PURCHASED, ARE CAPITALIZED AT COST AND, IF DONATED, CAPITALIZED AT FAIR MARKET VALUE AS OF THE DATE OF DONATION. ALL ARTWORK OF THE CLUB RECOGNIZED ON THE CONSOLIDATED BALANCE SHEET IS HELD SOLELY BY THE DAC FOUNDATION. PART III, LINE 4: VARIOUS WORKS OF ART PRIMARILY CONTRIBUTED BY MEMBERS FOR THE QUIET ENJOYMENT OF MEMBERS OF THE CLUB. PART X, LINE 2: DETROIT ATHLETIC CLUB IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(7). NO TAX PROVISION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS, AS NO TAX BENEFIT IS EXPECTED TO BE REALIZED ON THE ACCUMULATED LOSSES TO DATE. THE CLUB IS, HOWEVER, SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME, FOR WHICH APPROPRIATE PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CLUB AND RECOGNIZE A TAX LIABILITY IF THE CLUB HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CLUB AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CLUB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X 1 1 X X X 0 0 0 CHARLES JOHNSON EXECUTIVE MANAGER 481251 0 100000 0 30492 0 10000 0 27489 0 649232 0 0 0 AARON LACKEY CHIEF FINANCIAL OFFICER 253288 0 98293 0 0 0 0 0 28636 0 380217 0 0 0 SHAWN LOVING EXECUTIVE CHEF 255496 0 62396 0 0 0 0 0 26032 0 343924 0 0 0 ROB BARR ATHLETIC DIRECTOR 182154 0 41632 0 0 0 0 0 26032 0 249818 0 0 0 WENDY EDWARDS ADVERTISING MANAGER 45789 0 104962 0 0 0 0 0 25116 0 175867 0 0 0 ELIZABETH KRUSE CONTROLLER 133568 0 16004 0 0 0 0 0 26032 0 175604 0 0 0 JANE JACOB DIRECTOR OF HUMAN RESOURCES 124791 0 24376 0 0 0 0 0 19977 0 169144 0 0 0 PART I, LINE 1A THE EXECUTIVE MANAGER - TRAVEL FOR COMPANION BENEFIT WAS USED DURING THE TAX YEAR AND INCLUDED IN TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 4 IN 2023 THE BYLAWS OF THE DETROIT ATHLETIC CLUB WERE APPROVED AND PLACED INTO EFFECT BY THE BOARD. THE PRIMARY CHANGES TO THE BYLAWS ARE: DECREASING THE MINIMUM NUMBER OF DIRECTORSHIPS FROM 18 TO 15 THE ELIMINATION OF THE SECOND VICE-PRESIDENT POSITION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS AN ANNUAL ELECTION OPEN TO ALL RESIDENT AND SENIOR MEMBERS IN GOOD STANDING TO ELECT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS PER THE CLUB BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY CLUB MANAGEMENT AND A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE OF DISCLOSURE IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. ALL COMMITTEE AND BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. THESE FORMS ARE THEN RETAINED BY THE EXECUTIVE SECRETARY. ALL FORMS ARE ALSO REVIEWED BY A 3RD PARTY AUDITOR AT THE END OF THE YEAR. ADDITIONALLY, ACCOUNTING AND THE BOARD REVIEW THE TOP 20 VENDOR LIST TO IDENTIFY ANY POTENTIAL CONFLICTS. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE BOARD MEMBER IS EXCLUDED FROM ANY DISCUSSION ON THE MATTER AND IS RECUSED FROM VOTING ON ANY ITEMS WHERE THERE MAY BE A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE SUB-COMMITTEE OF BOARD REVIEWS THE EXECUTIVE MANAGER COMPENSATION USING COMPARABLE DATA SUPPLIED BY INDUSTRY SOURCES. THE PRESIDENT THEN APPROVES THE EXECUTIVE MANAGER'S COMPENSATION. THE EXECUTIVE MANAGER REVIEWS AND APPROVES THE COMPENSATION OF OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST IN THE MEMBERSHIP OFFICE. FINANCIALS ARE PUBLISHED ANNUALLY IN THE DAC NEWS MAGAZINE MAILED DIRECTLY TO EACH MEMBER; THEY ARE ALSO AVAILABLE AT AN ANNUAL MEETING OPEN TO ALL MEMBERS. THE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DETROIT ATHLETIC CLUB FOUNDATION 241 MADISON AVENUE DETROIT MI 48226 383479236 TO RAISE AND EXPEND FUNDS FOR THE PUBLIC GOOD MI 501(C)(3) 7 N/A 0 MAS DETROIT CORP 241 MADISON AVENUE DETROIT MI 48226 464061746 CIGAR BAR MI DETROIT ATHLETIC CLUB C 111621 176910 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 MAS DETROIT CORP A 60242 COMPARABLE TRANSACTIONS