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Nonprofiteer
← CHICAGO YACHT CLUB FOUNDATION INC

Form 990 for tax year 2022

Filed by CHICAGO YACHT CLUB FOUNDATION INC.

Totals

Total revenue
$524,212
Total expenses
$169,614
Contributions and grants received
$497,002
Grants paid
$116,938
Program service revenue
$0
Investment income
$27,210
Other revenue
$0
Total assets, end of year
$1,775,494
Total liabilities, end of year
$12,055
Net assets or fund balances, end of year
$1,763,439
Program services expenses (Part IX)
$136,715
Management and general expenses
$29,534
Fundraising expenses
$3,365
Program service expenses (Part III)
$136,715

Program services were 80.6% 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

    $497,002

  • 3 · Investment income

    total $26,960 · excluded $26,960

  • 7a · Gross sales of assets other than inventory

    securities $250

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $250

  • 7d · Net gain or loss

    total $250 · related or exempt $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $116,938 · program services $116,938

  • 11a · Fees: management

    total $6,000 · program services $4,500 · management and general $900 · fundraising $600

  • 11b · Fees: legal

    total $11,607 · management and general $11,607

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $1,500 · management and general $1,500

  • 12 · Advertising and promotion

    total $10,667 · program services $8,000 · management and general $1,600 · fundraising $1,067

  • 13 · Office expenses

    total $9,702 · program services $7,277 · management and general $1,455 · fundraising $970

  • 22 · Depreciation, depletion and amortization

    total $352 · management and general $352

  • 23 · Insurance

    total $7,120 · management and general $7,120

  • 24a · Other expenses: OTHER EXPENSE

    total $728 · fundraising $728

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,375 · end of year $280,955

  • 2 · Savings and temporary cash investments

    end of year $200,455

  • 4 · Accounts receivable

    beginning of year $18,822 · end of year $41,738

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

    $4,220

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

    $352

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $3,868

  • 11 · Investments: publicly traded securities

    end of year $1,237,478

  • 12 · Investments: other securities

    beginning of year $1,466,262

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,079 · end of year $12,055

  • 27 · Net assets without donor restrictions

    beginning of year $1,538,267 · end of year $1,647,649

  • 28 · Net assets with donor restrictions

    beginning of year $126,113 · end of year $115,790

Mission and programs · 2022

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 MISSION OF THE CHICAGO YACHT CLUB FOUNDATION IS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL.

  • OPEN HORIZONS: THE FOUNDATION SERVES AS THE PLATINUM SPONSOR OF THE OPEN HORIZONS YOUTH SAILING PROGRAM, AN INITIATIVE OF THE JACKSON PARK YACHT CLUB FOUNDATION. THE OPEN HORIZONS PROGRAM TARGETS LOW-INCOME, AT-RISK YOUTH OF COLOR (AGES 8 TO 18) AND TEACHES THEM LEADERSHIP, TEAMWORK, RESILIENCE, AND CONFLICT RESOLUTION SKILLS THROUGH SAILING. THROUGH CLASSROOM AND ON-WATER ACTIVITIES, THE OPEN HORIZONS PROGRAM COVERS TRADITIONAL SAILING SKILLS (E.G., NAUTICAL TERMS, POINTS OF SAIL AND SAFETY) AS WELL AS MANY OTHER SKILLS THAT KIDS NEED TO SUCCEED IN TODAY'S WORLD. THE OPEN HORIZONS PROGRAM RUNS IN FIVE DIFFERENT SESSIONS THROUGH THE SUMMER AND SERVES MORE THAN 200 KIDS IN THE ENGLEWOOD AND SOUTH SHORE COMMUNITIES.

    Expenses $12,000 · Grants $12,000

  • SAILING CAMPS: SOS CHILDREN'S VILLAGES ILLINOIS WORKS TO UNITE CHILDREN IN FOSTER CARE, SURROUND THEM WITH A COMMUNITY OF HOPE, AND HELP THEM GROW INTO CARING AND PRODUCTIVE ADULTS. IN PARTNERSHIP WITH SOS ILLINOIS AND THE CHICAGO YACHT CLUB SAILING SCHOOL, THE FOUNDATION HAS CREATED A SAILING CAMP FOR SOS ILLINOIS CHILDREN AGED 8-14 WHO ARE INTERESTED IN LEARNING TO SAIL. DURING THIS IMMERSIVE EXPERIENCE, STUDENTS LEARN HOW TO SAIL, BUT ALSO LEARN ABOUT STEM SUBJECTS AND BUILD TEAMWORK SKILLS.

    Expenses $12,000 · Grants $12,000

  • LEAD HER SHIP: EACH YEAR, UP TO TEN YOUNG WOMEN AGES 14-17 EMBARK ON A FIVE-DAY CRUISE ON A TALL SHIP, THE INLAND SEAS, IN LAKE MICHIGAN. DURING THE CRUISE, THESE WOMEN LEARN TO SAIL, LEARN ABOUT GREAT LAKES ECOLOGY, AND ALSO LEARN HOW TO LEAD AND WORK TOGETHER AS A TEAM.

    Expenses $8,510 · Grants $8,510

  • OTHER PROGRAMS CONSISTENT WITH THE ORGANIZATION'S MISSION, INCLUDING CONTRIBUTIONS TO SUPPORT A SAILING EXHIBIT AT THE CHICAGO CHILDREN'S MUSEUM AND OTHER PROGRAMS BENEFITING THE YOUTH AND UNDERSERVED IN THE CHICAGOLAND AREA.

    Expenses $104,205 · Grants $84,428

As filed on the 2022 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

  • Chuck Anderson

    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

  • John Benish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Camino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matt Gallagher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Promer

    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

  • Winn Soldani

    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

  • CHICAGO CHILDRENS MUSEUM

    $50,000

    BOATING EXHIBIT SPONSOR

  • JACKSON PARK YACHT CLUB FOUNDATION

    $12,000

    OPEN HORIZONS YOUTH SAILING PROGRAM

  • INLAND SEAS EDUCATION ASSOCIATION

    $7,530

    SALING EVENT FOR FEMALE HIGH SCHOOL SAILORS

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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323119349302792

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