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Nonprofiteer
← CHICAGO YACHT CLUB REGATTA ASSOCIATION INC

Form 990 for tax year 2022

Filed by CHICAGO YACHT CLUB REGATTA ASSOCIATION INC.

Totals

Total revenue
$279,362
Total expenses
$271,435
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$350,413
Investment income
$0
Other revenue
-$71,051
Total assets, end of year
$312,953
Total liabilities, end of year
$305,950
Net assets or fund balances, end of year
$7,003
Program services expenses (Part IX)
$271,435
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$271,435

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: SPONSORSHIP RECEIVED

    total $350,413 · related or exempt $350,413

  • 8a · Fundraising events: gross income

    $394,862

  • 8b · Fundraising events: direct expenses

    $465,913

  • 8c · Net income from fundraising events

    total -$71,051 · excluded -$71,051

Functional expenses

Part IX, the statement of functional expenses.

  • 14 · Information technology

    total $20,255 · program services $20,255

  • 17 · Travel

    total $3,970 · program services $3,970

  • 24a · Other expenses: SAILOR CELEBRATIONS

    total $72,949 · program services $72,949

  • 24b · Other expenses: SUPPLIES AND EQUIPMENT

    total $68,619 · program services $68,619

  • 24c · Other expenses: SPONSOR EXPENSES

    total $36,190 · program services $36,190

  • 24d · Other expenses: PUBLIC RELATIONS

    total $34,604 · program services $34,604

  • 24e · All other expenses

    total $34,848 · program services $34,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,337 · end of year $181,361

  • 4 · Accounts receivable

    beginning of year $128,685 · end of year $128,257

  • 7 · Other notes and loans receivable

    beginning of year $45,950 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,932 · end of year $3,335

  • 17 · Accounts payable and accrued expenses

    beginning of year $309,474 · end of year $305,950

  • 19 · Deferred revenue

    beginning of year $6,354 · end of year $0

  • 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 -$924 · end of year $7,003

Mission and programs · 2022

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 $271,435 · Revenue $350,413

As filed on the 2022 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

  • Raymond Groble

    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
2022
Filed
5 September 2023
IRS schema version
2022v5.0
Source object
202332829349300228

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