CHICAGO YACHT CLUB FOUNDATION

EIN: 363733864 501(c)(3) Recreation & Sports

CHICAGO, IL

Total Revenue
$803,593
Total Expenses
$609,281
Total Assets
$3,553,269
Net Assets
$3,535,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IL
Principal Officer
GREG MIARECKI
Phone
3128617777
Tax Period
2024-01-01 to 2024-12-31

CHICAGO YACHT CLUB FOUNDATION, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $804K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $194K, a strong 24% operating margin.

Mission

THE CHICAGO YACHT CLUB FOUNDATION EXISTS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL, WITH PRIMARY FOCUS ON YOUTH FROM UNDERREPRESENTED COMMUNITIES. THROUGH NAUTICAL EDUCATION, GRANTS & SCHOLARSHIPS, AND PARTNERSHIPS, THE CHICAGO YACHT CLUB FOUNDATION PRODUCES A ROBUST SET OF ON- AND OFF-THE WATER PROGRAMS THAT SERVE THIS MISSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $710,388
Program Service Revenue $0
Investment Income $93,205
Other Revenue $0
TOTAL REVENUE $803,593

Expense Breakdown

Grants Paid $396,468
Salaries & Benefits $0
Fundraising Expenses $26,982
Program Expenses $534,292
Other Expenses $212,813
TOTAL EXPENSES $609,281

Year-over-Year Comparison

2024 2023 Change
Revenue $803,593 $1,562,068 -0.5%
Expenses $609,281 $313,968 +0.9%
Net Income $194,312 $1,248,100 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG MIARECKI PRESIDENT 10.00
Officer Director
$0 $0 $0
CYD ARCHER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JANICE PROMER TREASURER 5.00
Officer Director
$0 $0 $0
ERIN MITCHELL SECRETARY 2.00
Officer Director
$0 $0 $0
MICHAEL BELSLEY DIRECTOR 2.00
Director
$0 $0 $0
NICK CAMINO DIRECTOR 2.00
Director
$0 $0 $0
PETER THORNTON DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL DANNECKER DIRECTOR 2.00
Director
$0 $0 $0
ANN RUNDLE DIRECTOR 2.00
Director
$0 $0 $0
LEIF SIGMOND DIRECTOR 2.00
Director
$0 $0 $0
LINDSEY DUDA DIRECTOR 2.00
Director
$0 $0 $0
DIANE FOOTE DIRECTOR 2.00
Director
$0 $0 $0
ROBERT BIED DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $803,593 $609,281 $3,553,269 $194,312
2023 $1,562,068 $313,968 $3,185,696 $1,248,100
2022 $524,212 $169,614 $1,775,494 $354,598
2021 $218,783 $84,223 $1,668,459 $134,560
2020 $115,096 $46,588 $1,366,906 $68,508
2019 $207,445 $118,137 $1,193,627 $89,308
2018 $204,707 $108,235 $973,449 $96,472
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