Chicago Yacht Club Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
EXISTS TO BRING THE JOYS AND BENEFITS OF BOATING TO ALL, WITH PRIMARY FOCUS ON YOUTH FROM UNDERREPRESENTED COMMUNITIES. PROVIDES NAUTICAL EDUCATION, OFFERS GRANTS AND SCHOLARSHIPS, AND WORKS IN COLLABORATION WITH COMMUNITY PARTNERS ACROSS CHICAGOLAND TO DELIVER SERVICES TO YOUTH.
- Income
- $803,593
- Spending
- $609,281
- Spent on programs
- 88%
- Reserves
- 38.9 months of spending
- Largest source of income
- donations and private grants, 88%
- Employees
- 0
- Volunteers
- 25
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 61% of charities in its peer group (recreation and sports, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 38.9 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 24% of income.
Income trend
0 of 15Income fell 49% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 4 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 98% of charities in its peer group (recreation and sports, $250k to $1m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $185,535 spent. INDUCTION: INDUCTIONPROGRAMS FEATURE MULTI-DAY CAMPS LIKE ADVENTURE BOATING, MONROE SAILING, AND SWIM SCHOOL, AND ARE DESIGNED TO BUILD FAMILIARITY THROUGH REPEATED, HANDS-ON TIME IN AND ON THE WATER. THESE TUITION-FREE ACTIVITIES CREATE DEEPER ENGAGEMENT WITH WATER SPORTS AND FOSTER A SENSE OF BELONGING IN THE BOATING WORLD. TUITION-FREE SAILING CAMPS OFFER WRAPAROUND SERVICES WITH ACTIVITIES LIKE KAYAKING, PADDLEBOARDING, FISHING, SWIMMING, AND KEELBOAT SAILING. SIX- TO-EIGHT WEEKLY SWIM LESSONS DESIGNED TO BUILD WATER CONFIDENCE AND ACHIEVE SWIM PROFICIENCY.
- $167,390 spent. INSPIRATION: INSPIRATION PROGRAMS - THE COMPETITION FUND AND INSPIRE SCHOLARSHIPS SUPPORT YOUTH PURSUING COMPETITIVE SAILING AND POSTSECONDARY EDUCATION BY REDUCING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES BEYOND THE WATER. SCHOLARSHIPS FOR POSTSECONDARY EDUCATION OR TRADE SCHOOL. GRANTS FOR HIGH-LEVEL SAILORS TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS.
- $158,369 spent. INTRODUCTION: INTRODUCTION POWERBOAT AND SAILBOAT CRUISES OFFER YOUTH NEW WAYS TO ENJOY LAKE MICHIGAN BY PROVIDING ACCESS TO PREVIOUSLY UNEXPLORED SPACES, CREATING MEMORABLE EXPERIENCES ON THE WATER, AND SPARKING CURIOSITY THROUGH STEAM PROGRAMMING. DURING THE OFFSEASON, MARINE-THEMED AFTER-SCHOOL ACTIVITIES BRING BOATING TO LIFE FOR STUDENTS AGED 10 TO 18 AT COMMUNITY PARTNER SITES CITYWIDE. STEAM-FOCUSED SAILBOAT CRUISES THAT TEACH CORE SAILING CONCEPTS. EXPERIENTIAL POWERBOAT RIDES FOR FIRST-TIME BOATERS. AFTER -SCHOOL ACTIVITIES FEATURING HANDS-ON CRAFTS THAT EMULATE THE ENGINEERING DESIGN PROCESS WHILE INTRODUCING MARINE BIOLOGY, BOATING PHYSICS, WEATHER, AND WATER SAFETY.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.