2021-11-15T10:50:21-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2020-01-01 360911690 CHICAGO YACHT CLUB CHIC 3128617777 400 EAST MONROE STREET CHICAGO IL 60603 MIKE KOVACS TREASURER 3128617777 2021-11-13 1 MIKE KOVACS XXX-XX-XXXX KERRI RAWCLIFFE P01398485 4016216200 2021-11-13 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z NICK BERBERIAN 400 EAST MONROE STREET CHICAGO IL 60603 6660071 0 X WWW.CHICAGOYACHTCLUB.COM X 1875 IL TO ENCOURAGE AND PROMOTE YACHT SAILING AND BUILDING 17 17 143 125 296378 6045 0 472951 4570214 4230296 755 616 3075558 -188639 7646527 4515224 0 0 0 0 4457999 2248555 0 0 0 3436392 2260089 7894391 4508644 -247864 6580 7149878 7026884 820582 671908 6329296 6354976 CHICAGO YACHT CLUB'S MISSION IS TO ENCOURAGE AND PROMOTE THE COMINGLING OF MEMBERS THROUGH YACHTING BY PROVIDING RECREATION ACTIVITIES, CLASSES AND REGATTAS FOR MEMBERS AND THEIR GUESTS. 0 0 THE CLUB PROVIDES FOOD, BEVERAGE AND DOCKING FACILITIES FOR MEMBERS AND THEIR GUESTS. THE CLUB ALSO CONDUCTS A SAILING SCHOOL TO PROMOTE THE SAFETY AND ENJOYMENT OF SAILING. IN ADDITION, THE CLUB HOSTS AND CONDUCTS YACHTING REGATTAS FOR THE RECREATION AND PLEASURE OF MEMBERS, GUESTS, AND OTHER COMPETITORS. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 32 0 143 1 1 1 0 0 0 1 1 458883 373841 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KEITH BRENNAN 3128617774 400 EAST MONROE STREET CHICAGO IL 60603 X LOU SANDOVAL COMMODORE 10.00 X X 0 0 0 NICK BERBERIAN VICE COMMODORE 10.00 X X 0 0 0 DWAIN LUTZOW REAR COMMODORE 10.00 X X 0 0 0 LOUIS ROSENTHAL TREASURER 10.00 X X 0 0 0 RICHARD LILLIE SECRETARY 10.00 X X 0 0 0 NANCY ARNOLD DIRECTOR 10.00 X 0 0 0 SCOTT SIMS DIRECTOR 10.00 X 0 0 0 RAY GROBLE DIRECTOR 10.00 X 0 0 0 LIZ GARR-NEWMAN DIRECTOR 10.00 X 0 0 0 BRUCE DANLY DIRECTOR 10.00 X 0 0 0 SARAH RENZ DIRECTOR 10.00 X 0 0 0 WILLIAM BLOOM DIRECTOR 10.00 X 0 0 0 KURT LENTSCH DIRECTOR 10.00 X 0 0 0 MIKE KOVACS DIRECTOR 10.00 X 0 0 0 LAURA SIGMOND DIRECTOR 10.00 X 0 0 0 SAM VEILLEUX DIRECTOR 10.00 X 0 0 0 GREG MIARECKI DIRECTOR 10.00 X 0 0 0 DWIGHT JENSON GENERAL MANAGER 50.00 X 143986 0 0 KELLY MCGUIRE CFO 50.00 X 119315 0 0 263301 0 0 2 0 0 0 0 472951 472951 MEMBER DUES 713990 3444542 3444542 SAILING SCHOOL 713990 554845 248674 306171 INTIATION FEES 713990 85924 85924 DOCK REVENUE 611600 54733 54067 666 YACHTING & OTHER COMMITTEES 713990 47573 47573 42679 23080 19599 4230296 616 616 1074231 2144847 -1070616 -1039942 -30674 OTHER INCOME 713990 506632 506632 PROPERTY MAINTENANCE 713990 373589 373589 INSURANCE CLAIMS 713990 1756 1756 881977 4515224 3745895 296378 0 X 263301 263301 1534571 1534571 38273 38273 284590 284590 127820 127820 26210 26210 16650 16650 247561 247561 59641 59641 191630 191630 2406 2406 659270 659270 157018 157018 MAINTENANCE AND REPAIRS 151880 151880 TAXES 139722 139722 BAD DEBT EXPENSE 97010 97010 DOCK OTHER EXPENSES 58857 58857 452234 452234 4508644 4508644 0 0 1836972 2046310 528286 280056 61759 175149 166198 142489 109870 97226 19322609 15051792 4380216 4270817 66577 14837 7149878 7026884 820582 456641 0 65267 0 150000 820582 671908 X 6277556 6284136 51740 70840 6329296 6354976 7149878 7026884 X 6580 19100 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 13081643 9757866 3323777 5464022 5293926 170096 776943 776943 4270817 X 6660071 2144847 2144847 4515224 0 4515224 6653491 2144847 2144847 4508644 0 4508644 PART X, LINE 2: THE CLUB RECOGNIZED THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSTITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 2,144,847. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 2,144,847. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A REGULAR, VETERAN I, VETERAN II AND VETERAN III ALL HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW AMENDMENTS REQUIRE THE APPROVAL OF REGULAR AND VETERAN MEMBERS ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER, GENERAL MANAGER, AND TREASURER. THESE INDIVIDUALS REVIEW FORM 990 WITH ITS OUTSIDE CPA PREPARERS PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBER TRANSACTIONS IN EXCESS OF $10,000 REQUIRE BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE COMMODORE OVERSEES THE COMPENSATION COMMITTEE, WHICH ALSO INCLUDES THE TREASURER AND IMMEDIATE PAST COMMODORE. THE SALARY BUDGET WAS DETERMINED AND THE COMPENSATION COMMITTEE DECIDED HOW THE INCREASES WOULD BE DISTRIBUTED AMONG MANAGEMENT. THE INCREASES ARE SIGNED OFF BY THE COMMODORE AND THE GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICTS OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E SECURITY: PROGRAM SERVICE EXPENSES 58,240. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,240. MISCELLANEOUS : PROGRAM SERVICE EXPENSES 50,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,530. TRAVEL : PROGRAM SERVICE EXPENSES 47,636. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,636. STORAGE COSTS: PROGRAM SERVICE EXPENSES 40,960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,960. SUPPLIES: PROGRAM SERVICE EXPENSES 34,432. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,432. CLUBHOUSE : PROGRAM SERVICE EXPENSES 33,432. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,432. FOOD & BEVERAGE: PROGRAM SERVICE EXPENSES 25,752. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,752. MEMBER/MARKETING : PROGRAM SERVICE EXPENSES 23,489. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,489. TRAINING : PROGRAM SERVICE EXPENSES 23,446. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,446. RETAIL EXPENSES: PROGRAM SERVICE EXPENSES 22,833. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,833. SAILING/RACING EXPENSES: PROGRAM SERVICE EXPENSES 19,979. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,979. TRADE SHOW EXPENSES: PROGRAM SERVICE EXPENSES 17,580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,580. PARKING: PROGRAM SERVICE EXPENSES 16,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,000. TROPHIES/AWARDS: PROGRAM SERVICE EXPENSES 14,896. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,896. BOD : PROGRAM SERVICE EXPENSES 13,849. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,849. BEDDING, LINEN, AND UNIFORMS : PROGRAM SERVICE EXPENSES 3,943. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,943. PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 2,834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,834. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 2,403. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,403. FORM 990, PART XI, LINE 9: MEMBER RESTRICTED CONTRIBUTIONS 19,100. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR CHICAGO YACHT CLUB FOUNDATION 400 EAST MONROE STREET CHICAGO IL 60603 363733864 TO PROVIDE EDUCATIONAL OPPORTUNITIES AND BROADEN HORIZONS FOR YOUTH. IL 501(C)(3) LINE 10 N/A 0 CHICAGO YACHT CLUB REGATTA ASSOCIATION INC 400 EAST MONROE STREET CHICAGO IL 60603 814439737 TO PROMOTE AMATEUR SAILING COMPETITION AND SOCIAL WELFARE FOR THE COMMUNITY. IL 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CHICAGO YACHT CLUB REGATTA ASSOCIATION INC Q 179883 CHICAGO YACHT CLUB FOUNDATION Q 2016