2023-10-09T09:08:18-05:00 2022-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-01-01 360911690 CHICAGO YACHT CLUB CHIC 3128617777 400 EAST MONROE STREET CHICAGO IL 60603 MICHAEL J KOVACS TREASURER 3128617777 2023-09-05 1 MICHAEL KOVACS XXX-XX-XXXX 1 KERRI RAWCLIFFE P01398485 4016216200 2023-09-05 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z H NICHOLAS BERBERIAN 400 EAST MONROE STREET CHICAGO IL 60603 10354700 0 X WWW.CHICAGOYACHTCLUB.ORG X 1875 IL TO ENCOURAGE AND PROMOTE YACHTING IN CHICAGO, IL. 14 14 203 400 485717 502 775727 759388 4881799 5613435 31861 14536 -119984 -180511 5569403 6206848 0 160725 0 0 2567870 2795730 0 0 0 2677915 2926984 5245785 5883439 323618 323409 8000241 9773189 1018862 2468401 6981379 7304788 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 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 20 0 203 1 1 1 0 0 0 1 1 755685 727310 0 0 0 X 14 14 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 LISA CURCIO COMMODORE 10.00 X X 0 0 0 CHARLES ANDERSON VICE COMMODORE 10.00 X X 0 0 0 LAURA SIGMOND REAR COMMODORE 10.00 X X 0 0 0 ROBERT O'BRIEN TREASURER 10.00 X X 0 0 0 NANCY SNYDER SECRETARY 10.00 X X 0 0 0 NICK BERBERIAN PAST COMMODORE 10.00 X 0 0 0 BETSY BARRETT DIRECTOR 10.00 X 0 0 0 STEVE DORFMAN DIRECTOR 10.00 X 0 0 0 STEVE KNOOP DIRECTOR 10.00 X 0 0 0 JOHN LEAHEY DIRECTOR 10.00 X 0 0 0 ERIC OESTERLE DIRECTOR 10.00 X 0 0 0 DAVID RADOMSKI DIRECTOR 10.00 X 0 0 0 WINN SOLDANI DIRECTOR 10.00 X 0 0 0 WHITNEY TOWEY DIRECTOR 10.00 X 0 0 0 SAM VEILLEUX DIRECTOR 10.00 X 0 0 0 JIM WILLIAMSON GENERAL MANAGER 50.00 X 194665 0 0 LAWRENCE ASHER EXECUTIVE CHEF 50.00 X 127407 0 0 DENNIS DIEBALL ON THE WATER DIRECTOR 50.00 X 110917 0 0 KEITH BRENNAN CONTROLLER 50.00 X 100589 0 0 533578 0 0 4 0 0 0 0 759388 759388 MEMBER DUES 713990 3642489 3642489 SAILING SCHOOL 713990 1284273 832105 452168 INTIATION FEES 713990 431160 431160 DOCK REVENUE 611600 92936 79242 13694 YACHTING & OTHER COMMITTEES 713990 83285 83285 79292 60695 18597 5613435 1258 1258 26688 13410 13278 13278 13278 3433964 4134442 -700478 -700478 PROPERTY MAINTENANCE 713990 324525 324525 OTHER INCOME 713990 195442 195442 519967 6206848 4961743 485717 0 X 160725 160725 194655 194655 1984522 1984522 45108 45108 361914 361914 209531 209531 20401 20401 27776 27776 322203 322203 65251 65251 231915 231915 5775 5775 645388 645388 189161 189161 MAINTENANCE AND REPAIRS 290997 290997 TAXES 135190 135190 FOOD & BEVERAGE 107760 107760 TRAVEL 103375 103375 781792 781792 5883439 5883439 0 0 3272655 1384229 463901 789008 134705 189641 139182 136072 71873 123491 22209705 16201921 3903088 6007784 14837 1142964 8000241 9773189 841222 1070493 27640 17040 150000 1380868 1018862 2468401 X 6607754 6334625 373625 970163 6981379 7304788 8000241 9773189 323409 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 13134518 10299781 2834737 6072712 5902140 170572 3002474 3002474 6007784 DEPOSITS 12234 ROU ASSET 1130730 1142964 X 10341290 4134442 4134442 6206848 0 6206848 10017881 4134442 4134442 5883439 0 5883439 PART X, LINE 2: THE CLUB QUALIFIES AS A NONPROFIT ORGANIZATION UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(7) AND IS NOT GENERALLY SUBJECT TO FEDERAL OR STATE INCOME TAXES. IF THE CLUB WERE TO CONDUCT UNRELATED BUSINESS ACTIVITIES, INCLUDING NONMEMBER FUNCTIONS, SUCH ACTIVITIES WOULD BE TAXABLE TO THE EXTENT THE ACTIVITIES GENERATE INCOME. THE CLUB RECOGNIZES 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 POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 4,134,442. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B: 4,134,442. 0 CHICAGO YACHT CLUB REGATTA ASSOCIATIONINC 400 E MONROE STREET CHICAGO IL 60603 814439737 501C4 39210 0 TO PROVIDE MONETARY SUPPORT TO ORGANIZATION SOS CHILDREN'S VILLAGES ILLINOIS 216 WEST JACKSON BLVD SUITE 9 CHICAGO IL 60606 363599110 501C3 45419 0 TO PROVIDE MONETARY SUPPORT TO ORGANIZATION CHICAGO YACHT CLUB FOUNDATION 400 E MONROE STREET CHICAGO IL 60603 363733864 501C3 41738 0 TO PROVIDE MONETARY SUPPORT TO ORGANIZATION THE UNIVERSITY OF CHICAGO MEDICINE COMER CHILDREN'S HOSPITAL 5271 S MARYLAND AVE CHICAGO IL 60637 363488183 501C3 33908 0 TO PROVIDE MONETARY SUPPORT TO ORGANIZATION 1 X X 0 0 0 JIM WILLIAMSON GENERAL MANAGER 194665 0 0 0 0 0 0 0 0 0 194665 0 0 0 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 FINANCE COMMITTEE REVIEWS AND APPROVES FORM 990. ONCE APPROVED BY THE FINANCE COMMITTEE, FORM 990 WILL BE SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS, NO APPROVAL IS NECESSARY FROM THE BOARD. 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 SAILING/RACING EXPENSES: PROGRAM SERVICE EXPENSES 97,429. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,429. SECURITY: PROGRAM SERVICE EXPENSES 87,114. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,114. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 81,280. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,280. LEASE EXPENSE: PROGRAM SERVICE EXPENSES 72,632. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,632. SUPPLIES: PROGRAM SERVICE EXPENSES 71,622. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,622. SPONSORSHIP EXPENSE: PROGRAM SERVICE EXPENSES 67,757. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,757. MEMBER/MARKETING: PROGRAM SERVICE EXPENSES 55,367. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,367. RETAIL EXPENSES: PROGRAM SERVICE EXPENSES 43,541. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,541. CLUBHOUSE: PROGRAM SERVICE EXPENSES 39,770. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,770. BOD: PROGRAM SERVICE EXPENSES 36,739. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,739. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 33,183. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,183. TRAINING: PROGRAM SERVICE EXPENSES 24,173. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,173. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 16,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,800. TROPHIES/AWARDS: PROGRAM SERVICE EXPENSES 16,671. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,671. STORAGE COSTS: PROGRAM SERVICE EXPENSES 12,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,780. BEDDING, LINEN, AND UNIFORMS: PROGRAM SERVICE EXPENSES 11,539. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,539. PARKING: PROGRAM SERVICE EXPENSES 4,505. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,505. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 3,792. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,792. TRADE SHOW EXPENSES: PROGRAM SERVICE EXPENSES 3,649. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,649. PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 1,449. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,449. 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 177994