2021-11-15T10:22:21-06:00 2020-12-31 362658780 MUELLER & CO LLP 1707 N RANDALL ROAD ELGIN IL 60123 990 2020-01-01 363733864 CHICAGO YACHT CLUB FOUNDATION CHIC 3128617777 400 E MONROE STREET CHICAGO IL 60603 GERALD BOBER PRESIDENT 3128617777 2021-11-09 1 GERALD BOBER 999009999 BETH ULBRICH P01439597 8478888600 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GERALD F BOBER PHD 400 E MONROE STREET CHICAGO IL 60603 115096 0 X WWW.CHICAGOYACHTCLUB.ORG X 1990 IL THE MISSION OF THE CHICAGO YACHT CLUB FOUNDATION SHALL BE TO PROMOTE AWARENESS AND APPRECIATION OF THE NAUTICAL ARTS AND TRADITIONS TO THE CHICAGOLAND COMMUNITY THROUGH EDUCATION, OUTREACH AND OTHER ACTIVITIES, AS WELL AS THROUGH THE SUPPORT OF LIKE-MINDED CHARITABLE ORGANIZATIONS 11 12 0 12 0 0 140903 90516 37325 0 25217 24580 4000 0 207445 115096 64422 24689 0 0 0 0 0 0 600 53715 21899 118137 46588 89308 68508 1193627 1366906 4187 4000 1189440 1362906 X PROMOTES AWARENESS AND APPRECIATION OF THE NAUTICAL ARTS TO THE CHICAGOLAND COMMUNITY AND NATIONALLY BY BROADENING HORIZONS FOR OUR YOUTH AND PHYSICALLY DISABLED THROUGH NAUTICAL TRAINING, EDUCATION AND ON-THE-WATER BOATING ACTIVITIES THROUGH VARIOUS VENUES SUCH AS SCHOLARSHIPS, SAILING COMPETITIONS, ALLIANCE WITH RICKOVER ACADEMY OR OTHER FINANCIAL SUPPORT. 0 0 12713 TO PROMOTE THE NAUTICAL ARTS, THE FOUNDATION BEGAN A SAIL SAFETY AND TRAINING PROGRAM WITH THE RICKOVER NAVAL ACADEMY IN 2008. RICKOVER IS ONE OF SEVERAL MILITARY ACADEMIES IN THE CHICAGO PUBLIC SCHOOL SYSTEM AND IS LOCATED WITHIN SENN PUBLIC HIGH SCHOOL IN THE EDGEWATER COMMUNITY.THE RICKOVER RACING SAIL PROGRAM FOLLOWS A STRONG FORMAT OF CONSISTENT CURRICULUM, INSTRUCTION AND SCHEDULING. THROUGH A PARTNERSHIP, CYC FOUNDATION SUPPORTS THE RICKOVER ACADEMY JNROTC RACING TEAM BY SUPPLYING SAFETY EQUIPMENT, SAIL TRAINING AND TRANSPORTATION. 24689 24689 SCHOLARSHIPS & GRANTS: THE FOUNDATION OFFERS GRANTS IN AID IN THREE CATEGORIES: SAILING EDUCATION, REGATTA AND CLINIC PARTICIPATION, AND MARITIME ORGANIZATION GRANTS. 37402 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X SUZANNE DEMIJRAN 3128617777 400 E MONROE STREET CHICAGO IL 60603 X GERALD BOBER PRESIDENT 10.00 X X 0 0 0 JAMES ARMSTRONG VICE PRESIDENT 2.00 X X 0 0 0 WILLIAM BLOOM TREASURER 5.00 X 0 0 0 STEVEN SALK COUNSEL 2.00 X 0 0 0 RAY GROBLE DIRECTOR 2.00 X 0 0 0 JOHN BENISH JR DIRECTOR 2.00 X 0 0 0 CYD ARCHER SECRETARY 3.00 X X 0 0 0 CHRISTY COON DIRECTOR 2.00 X 0 0 0 ALAN HAAG DIRECTOR 2.00 X 0 0 0 MICHAEL BELSLEY DIRECTOR 2.00 X 0 0 0 MICHAEL SOLLITT DIRECTOR 2.00 X 0 0 0 ANN RUNDLE DIRECTOR 2.00 X 0 0 0 DENISE ASHURST DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 90516 90516 24580 24580 115096 0 0 24580 17509 17509 7180 7180 6000 4500 900 600 5665 5665 1732 1732 1445 1156 289 JUNIOR PROGRAM 7057 7057 46588 37402 8586 600 94892 94497 3520 510 0 0 0 0 1084215 1258595 11000 13304 1193627 1366906 4187 4000 4187 4000 X 1062611 1236077 126829 126829 1189440 1362906 1193627 1366906 68508 104958 0 X 1 X 0 0 0 X 88105 103624 138706 140903 90516 561854 40890 40750 44175 37325 0 163140 128995 144374 182881 178228 90516 724994 0 0 0 724994 15037 18454 21526 25217 24580 104814 15037 18454 21526 25217 24580 104814 144032 162828 204407 203445 115096 829808 0.87370 0.89180 0.12630 0.10820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 VANGAURD INVESTMENTS 1258595 C 1258595 X 220054 104958 104958 115096 0 115096 46588 0 46588 0 46588 PART X, LINE 2: THE FOUNDATION HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE FOUNDATION HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE 2017, 2018, AND 2019 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FOUNDATION BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. 1 YOUNG SAILORS 11 7180 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES GIVES PRIOR APPROVALS FOR ALL TRANSACTIONS GREATER THAN $250. ENTIRE TRANSACTION LIST IS REVIEWED BY TREASURER AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS PROVIDES COPIES OF THE GOVERNING DOUCMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTIONS AT THE CLUB. CHICAGO YACHT CLUB 400 EAST MONROE CHICAGO IL 60603 360911690 TO PROVIDE BOATING AND SOCIAL FACILITIES FOR ITS MEMBERS AND THEIR GUESTS IL 501(C)(7) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CHICAGO YACHT CLUB C 510 FAIR MARKET VALUE CHICAGO YACHT CLUB P 6000 FAIR MARKET VALUE