Overview
What is Saddle & Cycle Club?
The Saddle & Cycle Club, situated in Chicago, Illinois, is a nonprofit organization that operates as a private social club, primarily for the enjoyment and relaxation of its members. This club offers its members a variety of tax-exempt activities, all aimed at providing pleasure and recreation, in accordance with Internal Revenue Code Section 501(c)(7). The club operates on suitable grounds and buildings, ensuring a pleasant and enjoyable experience for its members.
Official website here: www.saddleandcycle.com
Is Saddle & Cycle Club legitimate?
Saddle & Cycle Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Saddle & Cycle Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $221,243
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,413,084
For more financial information, click here
Official website here: www.saddleandcycle.com
What is the mission statement of Saddle & Cycle Club?
The Saddle & Cycle Club, as an organization, is dedicated to offering enjoyable social and recreational experiences to its members. It achieves this goal by operating a private club, providing a space for members to engage and unwind, all while adhering to the guidelines set by the Internal Revenue Code Section 501(c)(7). The club's purpose is to ensure the enjoyment and relaxation of its members through various tax-exempt activities.
Official website here: www.saddleandcycle.com
What is the revenue of Saddle & Cycle Club?
Saddle & Cycle Club's revenue in 2023 was $10,345,742.
Official website here: www.saddleandcycle.com
Who are the executives of Saddle & Cycle Club and what are their salaries?
The average compensation at Saddle & Cycle Club during 2023 was $19,702. There 30 volunteers at Saddle & Cycle Club.
Here are 17 key members and their salaries:
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- Compensation: $207,692
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- Other: $13,551
- Compensation: $245,801
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- Other: $31,768
- Compensation: $201,685
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- Other: $32,770
- Compensation: $137,544
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- Other: $12,780
Official website here: www.saddleandcycle.com
Where can I find the form 990 for Saddle & Cycle Club?
Saddle & Cycle Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.saddleandcycle.com
Learn more at the official website: www.saddleandcycle.com
Mission Statement of Saddle & Cycle Club
The Saddle & Cycle Club, as a nonprofit organization, is dedicated to providing pleasure and recreation for its members. In accordance with the Internal Revenue Code Section 501(c)(7), this organization operates as a private social club, offering its members a space for social interaction and leisure activities. By providing such facilities and activities, the Saddle & Cycle Club aims to enhance the overall well-being and enjoyment of its members.
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Impact
October, 2024
Saddle & Cycle Club plays a vital role in providing a dedicated environment for social interaction and recreational activities among its members. Located in Chicago, Illinois, the club fosters a sense of community and belonging through its well-maintained grounds and buildings designed for leisure and enjoyment. Members benefit from various activities that promote social engagement, enhancing their overall quality of life. The club's focus on recreation not only contributes to personal well-being but also strengthens the bonds among individuals, cultivating friendships and networking opportunities within the community. By offering a private space for these experiences, Saddle & Cycle Club enriches the social fabric of its members’ lives.
This information is meant to be a general summary of Saddle & Cycle Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $67,415
- Program Service Revenue: $5,242,974
- Gross Receipts: $11,398,268
Assets and Liabilities:
- Total Assets: $18,047,395
- Total Liabilities: $1,942,856
- Net Assets: $16,104,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,961,946
INITIATION FEES
Revenue
$1,281,028
Organization Details
Founding Year
1895
Principal Officer
Todd Ohlms
Website
www.saddleandcycle.comNTEE Category
Code: N50 - Recreation
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