Overview
What is Chicago Yacht Club Foundation?
The Chicago Yacht Club Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 400 E Monroe ST. Their mission is to disseminate the pleasure and benefits of boating to a wide range of individuals, with a primary focus on underrepresented youth communities. They accomplish this through various initiatives, such as providing nautical education, offering grants and scholarships, and collaborating with community partners across Chicagoland. One of their significant projects is the Open Horizons Youth Sailing Program, sponsored at the platinum level by the Chicago Yacht Club Foundation. This initiative targets low-income, at-risk youth of color, aged 8 to 18, teaching them essential life skills like leadership, teamwork, resilience, and conflict resolution through sailing. The Open Horizons Program, running in five summer sessions, serves over 200 kids from the Englewood and South Shore communities, covering traditional sailing skills and other necessary skills for success in today's world.
Official website here: www.chicagoyachtclubfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Chicago Yacht Club Foundation has achieved a high rating of 96%, which reflects its strong accountability and financial practices. The rating is based entirely on the organization's performance in the Accountability & Finance beacon, indicating a solid commitment to transparency and responsible management of resources.
Strengths of the foundation include its fully independent board, which consists of 12 members, and its comprehensive financial oversight, which is underscored by an Audit and Oversight Committee. Additionally, the foundation has demonstrated exemplary practices in areas like conflict of interest policies and document retention, scoring full points in each of these categories. Its program expense ratio stands at an impressive 83.63%, signifying that a substantial portion of its resources is directed towards its programs and services.
While the data reflects well on the organization's governance and financial health, it is important for potential donors and stakeholders to continue monitoring the foundation's performance and impact over time to ensure that it maintains its high standards and fulfills its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Yacht Club Foundation legitimate?
Chicago Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Yacht Club Foundation 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.
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Official website here: www.chicagoyachtclubfoundation.org
What is the mission statement of Chicago Yacht Club Foundation?
The Chicago Yacht Club Foundation's mission is centered around sharing the joys and benefits of boating with a wide audience, with a primary focus on underrepresented youth communities. The foundation carries out this mission by providing nautical education, offering grants and scholarships, and collaborating with community partners across Chicago to deliver relevant services. As a platinum sponsor of the Open Horizons Youth Sailing Program, an initiative of the Jackson Park Yacht Club Foundation, the foundation targets low-income, at-risk youth of color between the ages of 8 and 18. Through this program, they teach leadership, teamwork, resilience, and conflict resolution skills through sailing. The Open Horizons Program incorporates both classroom and on-water activities, covering traditional sailing skills as well as essential life skills required for success in today's world. The program runs in five different sessions throughout the summer and serves over 200 children from Englewood and South Shore communities.
Official website here: www.chicagoyachtclubfoundation.org
Who is the CEO of Chicago Yacht Club Foundation?
Greg Miarecki is the President of Chicago Yacht Club Foundation.
Official website here: www.chicagoyachtclubfoundation.org
What is the revenue of Chicago Yacht Club Foundation?
Chicago Yacht Club Foundation's revenue in 2022 was $524,212.
Official website here: www.chicagoyachtclubfoundation.org
Who are the executives of Chicago Yacht Club Foundation and what are their salaries?
There 12 volunteers at Chicago Yacht Club Foundation.
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Official website here: www.chicagoyachtclubfoundation.org
Where can I find the form 990 for Chicago Yacht Club Foundation?
Chicago Yacht Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagoyachtclubfoundation.org
Learn more at the official website: www.chicagoyachtclubfoundation.org
Mission Statement of Chicago Yacht Club Foundation
The Chicago Yacht Club Foundation's mission is centered around spreading the joys and benefits of boating to a wide audience, with a particular focus on underrepresented youth communities. This nonprofit organization works tirelessly to achieve this goal by providing nautical education, granting scholarships, and collaborating with community partners across the Chicago metropolitan area.
One of the foundation's most notable initiatives is its sponsorship of the Open Horizons Youth Sailing Program, an initiative of the Jackson Park Yacht Club Foundation. This program targets low-income, at-risk youth of color aged between 8 and 18, imparting essential life skills such as leadership, teamwork, resilience, and conflict resolution through sailing. The Open Horizons Program offers a blend of classroom and on-water activities, covering traditional sailing skills like nautical terms and points of sail, as well as a host of other skills vital for success in today's world. This program runs in five different sessions throughout the summer, serving over 200 children in the Englewood and South Shore communities.
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Impact
July, 2024
The Chicago Yacht Club Foundation brings the joys and benefits of boating to youth from underrepresented communities, primarily focusing on low-income, at-risk youth of color in Chicago. Through initiatives like the Open Horizons Youth Sailing Program, the foundation provides nautical education and teaches skills such as leadership, teamwork, resilience, and conflict resolution through sailing activities. By serving over 200 kids in the Englewood and South Shore communities, the foundation positively impacts the lives of young individuals by offering them opportunities to learn and excel both on and off the water.
This information is meant to be a general summary of Chicago Yacht Club Foundation. 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: $27,210
- Gross Receipts: $524,212
Assets and Liabilities:
- Total Assets: $1,775,494
- Total Liabilities: $12,055
- Net Assets: $1,763,439
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Organization Details
Founding Year
1990
Phone
(312) 861-7777Principal Officer
Greg Miarecki
Main Address
400 E MONROE ST, CHICAGO, IL, 60603
NTEE Category
Code: N67Z - Recreation
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