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Nonprofiteer
← CHICAGO YACHT CLUB FOUNDATION INC

Form 990 for tax year 2024

Filed by CHICAGO YACHT CLUB FOUNDATION INC.

Totals

Total revenue
$803,593
Total expenses
$609,281
Contributions and grants received
$710,388
Grants paid
$396,468
Program service revenue
$0
Investment income
$93,205
Other revenue
$0
Total assets, end of year
$3,553,269
Total liabilities, end of year
$17,641
Net assets or fund balances, end of year
$3,535,628
Program services expenses (Part IX)
$534,292
Management and general expenses
$48,007
Fundraising expenses
$26,982
Program service expenses (Part III)
$534,292

Program services were 87.7% 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.

  • 1f · All other contributions, gifts and grants

    $710,388

  • 1g · Noncash contributions included above

    $111,100

  • 3 · Investment income

    total $93,205 · excluded $93,205

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $396,468 · program services $396,468

  • 11a · Fees: management

    total $118,326 · program services $116,826 · management and general $900 · fundraising $600

  • 11b · Fees: legal

    total $3,105 · management and general $3,105

  • 11c · Fees: accounting

    total $15,515 · management and general $15,515

  • 11g · Fees: other

    total $9,914 · management and general $9,914

  • 12 · Advertising and promotion

    total $23,772 · program services $17,829 · management and general $3,566 · fundraising $2,377

  • 13 · Office expenses

    total $4,292 · program services $65 · management and general $4,227

  • 22 · Depreciation, depletion and amortization

    total $3,843 · management and general $3,843

  • 23 · Insurance

    total $5,908 · management and general $5,908

  • 24a · Other expenses: EVENT EXPENSES

    total $21,228 · fundraising $21,228

  • 24b · Other expenses: OTHER EXPENSE

    total $4,356 · program services $550 · management and general $1,029 · fundraising $2,777

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,554 · program services $2,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $457,981 · end of year $246,770

  • 2 · Savings and temporary cash investments

    beginning of year $211,152 · end of year $992,598

  • 4 · Accounts receivable

    beginning of year $1,037,146 · end of year $10,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,908

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

    $191,194

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

    $5,602

  • 10c · Land, buildings and equipment, net

    beginning of year $2,461 · end of year $185,592

  • 11 · Investments: publicly traded securities

    beginning of year $1,460,048 · end of year $2,106,330

  • 15 · Other assets

    beginning of year $11,000 · end of year $11,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,211 · end of year $17,641

  • 27 · Net assets without donor restrictions

    beginning of year $1,831,171 · end of year $2,159,394

  • 28 · Net assets with donor restrictions

    beginning of year $1,332,314 · end of year $1,376,234

Mission and programs · 2024

Mission

EXISTS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL, WITH PRIMARY FOCUS ON YOUTH FROM UNDERREPRESENTED COMMUNITIES. PROVIDES NAUTICAL EDUCATION, OFFERS GRANTS AND SCHOLARSHIPS, AND WORKS IN COLLABORATION WITH COMMUNITY PARTNERS ACROSS CHICAGOLAND TO DELIVER SERVICES TO YOUTH.

Activities or mission (Part I)

THE CHICAGO YACHT CLUB FOUNDATION EXISTS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL, WITH PRIMARY FOCUS ON YOUTH FROM UNDERREPRESENTED COMMUNITIES. THROUGH NAUTICAL EDUCATION, GRANTS & SCHOLARSHIPS, AND PARTNERSHIPS, THE CHICAGO YACHT CLUB FOUNDATION PRODUCES A ROBUST SET OF ON- AND OFF-THE WATER PROGRAMS THAT SERVE THIS MISSION.

  • INDUCTION: INDUCTIONPROGRAMS FEATURE MULTI-DAY CAMPS LIKE ADVENTURE BOATING, MONROE SAILING, AND SWIM SCHOOL, AND ARE DESIGNED TO BUILD FAMILIARITY THROUGH REPEATED, HANDS-ON TIME IN AND ON THE WATER. THESE TUITION-FREE ACTIVITIES CREATE DEEPER ENGAGEMENT WITH WATER SPORTS AND FOSTER A SENSE OF BELONGING IN THE BOATING WORLD. TUITION-FREE SAILING CAMPS OFFER WRAPAROUND SERVICES WITH ACTIVITIES LIKE KAYAKING, PADDLEBOARDING, FISHING, SWIMMING, AND KEELBOAT SAILING. SIX- TO-EIGHT WEEKLY SWIM LESSONS DESIGNED TO BUILD WATER CONFIDENCE AND ACHIEVE SWIM PROFICIENCY.

    Expenses $185,535 · Grants $168,935

  • INSPIRATION: INSPIRATION PROGRAMS - THE COMPETITION FUND AND INSPIRE SCHOLARSHIPS SUPPORT YOUTH PURSUING COMPETITIVE SAILING AND POSTSECONDARY EDUCATION BY REDUCING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES BEYOND THE WATER. SCHOLARSHIPS FOR POSTSECONDARY EDUCATION OR TRADE SCHOOL. GRANTS FOR HIGH-LEVEL SAILORS TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS.

    Expenses $167,390 · Grants $151,911

  • INTRODUCTION: INTRODUCTION POWERBOAT AND SAILBOAT CRUISES OFFER YOUTH NEW WAYS TO ENJOY LAKE MICHIGAN BY PROVIDING ACCESS TO PREVIOUSLY UNEXPLORED SPACES, CREATING MEMORABLE EXPERIENCES ON THE WATER, AND SPARKING CURIOSITY THROUGH STEAM PROGRAMMING. DURING THE OFFSEASON, MARINE-THEMED AFTER-SCHOOL ACTIVITIES BRING BOATING TO LIFE FOR STUDENTS AGED 10 TO 18 AT COMMUNITY PARTNER SITES CITYWIDE. STEAM-FOCUSED SAILBOAT CRUISES THAT TEACH CORE SAILING CONCEPTS. EXPERIENTIAL POWERBOAT RIDES FOR FIRST-TIME BOATERS. AFTER -SCHOOL ACTIVITIES FEATURING HANDS-ON CRAFTS THAT EMULATE THE ENGINEERING DESIGN PROCESS WHILE INTRODUCING MARINE BIOLOGY, BOATING PHYSICS, WEATHER, AND WATER SAFETY.

    Expenses $158,369 · Grants $63,064

  • Expenses $22,998 · Grants $12,558

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Miarecki

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Cyd Archer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Janice Promer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Erin Mitchell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michael Belsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Camino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Dannecker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ann Rundle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leif Sigmond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Duda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diane Foote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Bied

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • MARGARET SHEA

    $71,800

    SUPPORT APPLICANT TRAINING AND PARTICIPATION IN NATIONAL AND INTERNATIONAL COMPETIITONS

  • STEPHANIE ROBLE

    $24,000

    SUPPORT APPLICANT TRAINING AND PARTICIPATION IN NATIONAL AND INTERNATIONAL COMPETIITONS

  • UNION LEAGUE BOYS AND GIRLS CLUB

    $21,000

    PROGRAMMING SUPPORT

  • INLAND SEAS EDUCATION ASSOCIATION

    $20,400

    SALING EVENT FOR FEMALE HIGH SCHOOL SAILORS

  • JUDD GOLDMAN ADAPTIVE SAILING FOUNDATION

    $17,280

    PROGRAMMING SUPPORT

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.

  • CHICAGO YACHT CLUB

    501(C)(7) · TO PROVIDE BOATING AND SOCIAL FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. · IL

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202501359349307255

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