Overview
What is Chicago Yacht Club?
The Chicago Yacht Club, located at 400 East Monroe Street, Chicago, Illinois 60603, serves as a hub for yacht enthusiasts. This nonprofit organization provides members and their guests with food, beverages, and docking facilities. Its mission extends beyond leisure, as it also conducts a sailing school to prioritize safety and enjoyment in sailing. Moreover, the club hosts and organizes yachting regattas for the recreational pleasure of its members, guests, and competitors. This organization's primary objective is to foster camaraderie among its members through yachting activities, offering classes and regattas in Chicago, Illinois. The club employs a workforce of 203 individuals.
Official website here: www.chicagoyachtclub.org
Is Chicago Yacht Club legitimate?
Chicago Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Chicago Yacht Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,984,522
For more financial information, click here
Official website here: www.chicagoyachtclub.org
What is the mission statement of Chicago Yacht Club?
The Chicago Yacht Club's mission is centered around encouraging and promoting yachting. It accomplishes this by fostering camaraderie among its members through various recreational activities, classes, and regattas. The club provides essential facilities such as food, beverages, and docking areas for its members and guests. Furthermore, the club operates a sailing school to ensure the safety and enjoyment of sailing for its patrons. Additionally, the Chicago Yacht Club organizes and conducts yachting regattas for the recreation and pleasure of its members, guests, and other competitors.
Official website here: www.chicagoyachtclub.org
Who is the CEO of Chicago Yacht Club?
H Nicholas Berberian is the Principal Officer of Chicago Yacht Club.
Official website here: www.chicagoyachtclub.org
What is the revenue of Chicago Yacht Club?
Chicago Yacht Club's revenue in 2022 was $6,206,848.
Official website here: www.chicagoyachtclub.org
Who are the executives of Chicago Yacht Club and what are their salaries?
The average compensation at Chicago Yacht Club during 2022 was $10,735. There are 203 employees and 400 volunteers at Chicago Yacht Club.
Here are 19 key members and their salaries:
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- Compensation: $194,665
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Official website here: www.chicagoyachtclub.org
Where can I find the form 990 for Chicago Yacht Club?
Chicago Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagoyachtclub.org
Learn more at the official website: www.chicagoyachtclub.org
Mission Statement of Chicago Yacht Club
Chicago Yacht Club, with a mission to encourage and promote yachting, strives to foster a sense of camaraderie among its members. It accomplishes this by offering a variety of recreational activities, classes, and regattas. By providing these opportunities, the club aims to bring its members together through the shared enjoyment of yachting. The club also goes beyond just offering recreational activities. It caters to its members' needs by providing food, beverages, and docking facilities. In addition, the club operates a sailing school to promote the safety and pleasure of sailing. Furthermore, Chicago Yacht Club hosts and conducts yachting regattas for the recreation and pleasure of its members, their guests, and other competitors. This multifaceted approach to yachting ensures that the club is not only a hub for leisure activities but also a place where members can learn, grow, and compete.
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Impact
October, 2024
The Chicago Yacht Club significantly contributes to the recreational and social fabric of the city through its robust promotion of yachting. By providing top-notch docking facilities, food, and beverage options, it creates an inviting atmosphere for members and their guests. The club's sailing school plays a vital role in enhancing safety and enjoyment in sailing, fostering a deeper appreciation for the sport.
Moreover, by hosting a variety of yachting regattas, the club not only attracts competitors and spectators but also strengthens community ties among its members, enhancing camaraderie through shared experiences on the water. This active engagement in yachting serves to enrich the recreational landscape of Chicago, encouraging new participants to discover the joys of sailing while also reinforcing the city's maritime heritage. In essence, the Chicago Yacht Club acts as a hub for recreational activities, educational opportunities, and social interactions centered around yachting.
This information is meant to be a general summary of Chicago Yacht Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,536
- Program Service Revenue: $5,613,435
- Gross Receipts: $10,354,700
Assets and Liabilities:
- Total Assets: $9,773,189
- Total Liabilities: $2,468,401
- Net Assets: $7,304,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$3,642,489
SAILING SCHOOL
Revenue
$1,284,273
INTIATION FEES
Revenue
$431,160
DOCK REVENUE
Revenue
$92,936
YACHTING & OTHER COMMITTEES
Revenue
$83,285
Organization Details
Founding Year
1875
Phone
(312) 861-7777Principal Officer
H Nicholas Berberian
Main Address
400 EAST MONROE STREET, CHICAGO, IL, 60603
Website
www.chicagoyachtclub.orgNTEE Category
Code: N50 - Recreation
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