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Nonprofiteer
← CHICAGO YACHT CLUB REGATTA ASSOCIATION INC

Form 990 for tax year 2024

Filed by CHICAGO YACHT CLUB REGATTA ASSOCIATION INC.

Totals

Total revenue
$818,715
Total expenses
$949,237
Contributions and grants received
$0
Grants paid
$1,000
Program service revenue
$818,715
Investment income
$0
Other revenue
$0
Total assets, end of year
$387,143
Total liabilities, end of year
$510,661
Net assets or fund balances, end of year
-$123,518
Program services expenses (Part IX)
$949,237
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$949,237

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: ENTRY FEES & TICKETS R

    total $479,259 · related or exempt $479,259

  • 2b · Program service revenue: SPONSORSHIP RECEIVED

    total $339,456 · related or exempt $339,456

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 7 · Other salaries and wages

    total $161,636 · program services $161,636

  • 11b · Fees: legal

    total $382 · program services $382

  • 12 · Advertising and promotion

    total $63,674 · program services $63,674

  • 13 · Office expenses

    total $6,559 · program services $6,559

  • 14 · Information technology

    total $95,368 · program services $95,368

  • 17 · Travel

    total $92,380 · program services $92,380

  • 19 · Conferences, conventions and meetings

    total $142,019 · program services $142,019

  • 24a · Other expenses: RC EXPENSES

    total $73,081 · program services $73,081

  • 24b · Other expenses: TROPHIES & AWARD FLAGS

    total $64,414 · program services $64,414

  • 24c · Other expenses: ENTERTAINMENT

    total $53,888 · program services $53,888

  • 24d · Other expenses: PUBLIC RELATIONS

    total $46,841 · program services $46,841

  • 24e · All other expenses

    total $147,995 · program services $147,995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,449 · end of year $25,961

  • 4 · Accounts receivable

    beginning of year $129,757 · end of year $129,757

  • 7 · Other notes and loans receivable

    beginning of year $85,393 · end of year $211,017

  • 9 · Prepaid expenses and deferred charges

    end of year $20,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $316,595 · end of year $297,063

  • 19 · Deferred revenue

    end of year $213,598

  • 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 $7,004 · end of year -$123,518

Mission and programs · 2024

Mission

PROMOTE SOCIAL WELFARE OF THE COMMUNITY AND TO PROMOTE AMATEUR SAILING COMPETITIONS BY CONDUCTING REGIONAL NATIONAL AND INTERNATIONAL REGATTAS AND RACES, PROVIDING TRAINING, CONDUCTING CONFERENCES AND MEETINGS, AND PROVIDING GRANTS AND SERVICES IN FURTHERANCE THEREOF.

Activities or mission (Part I)

PROMOTE SOCIAL WELFARE OF THE COMMUNITY AND TO PROMOTE AMATEUR SAILING COMPETITIONS

  • THE CLUB PROVIDES TRAINING AND GRANTS TO PROMOTE AMATEUR SAILING COMPETITIONS.

    Expenses $949,237 · Grants $1,000 · Revenue $818,715

As filed on the 2024 return.

Listed in Part VII

  • Ted Jones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Steve Dorfman

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Tom Falck

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Martin Sandoval

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Ian Fisher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543189349312664

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