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Nonprofiteer
← CHICAGO YACHT CLUB REGATTA ASSOCIATION INC

Form 990 for tax year 2023

Filed by CHICAGO YACHT CLUB REGATTA ASSOCIATION INC.

Totals

Total revenue
$513,557
Total expenses
$513,556
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$386,735
Investment income
$0
Other revenue
$126,822
Total assets, end of year
$323,599
Total liabilities, end of year
$316,595
Net assets or fund balances, end of year
$7,004
Program services expenses (Part IX)
$513,556
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$513,556

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 $386,735 · related or exempt $386,735

  • 8a · Fundraising events: gross income

    $393,157

  • 8b · Fundraising events: direct expenses

    $266,335

  • 8c · Net income from fundraising events

    total $126,822 · excluded $126,822

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $128,169 · program services $128,169

  • 12 · Advertising and promotion

    total $49,284 · program services $49,284

  • 14 · Information technology

    total $63,360 · program services $63,360

  • 17 · Travel

    total $4,496 · program services $4,496

  • 19 · Conferences, conventions and meetings

    total $154,836 · program services $154,836

  • 24a · Other expenses: SUPPLIES AND EQUIPMENT

    total $67,789 · program services $67,789

  • 24b · Other expenses: PUBLIC RELATIONS

    total $42,123 · program services $42,123

  • 24c · Other expenses: FOOD & BEVERAGE

    total $3,499 · program services $3,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,361 · end of year $108,449

  • 4 · Accounts receivable

    beginning of year $128,257 · end of year $129,757

  • 7 · Other notes and loans receivable

    end of year $85,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,335 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $305,950 · end of year $316,595

  • 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 $7,003 · end of year $7,004

Mission and programs · 2023

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 $513,556 · Revenue $386,735

As filed on the 2023 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
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443209349317849

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