Recreation & Sports
(N67Z)
IRS Verified
DX Registered
CHICAGO YACHT CLUB FOUNDATION INC
CharityAI™ Score
Not yet evaluated
Mission Statement
The Chicago Yacht Club Foundation brings awareness and appreciation of the nautical arts and traditions to the Chicagoland community and broadens horizons for our youth and physically disabled through nautical training and boating activities.The CYC Foundation supports venues that introduce people at many levels to nautical educational and on-the-water activities. Whether these venues are scholarships, access to sailing competitions, restoration projects or any other financial support, the CYC Foundation is dedicated to memorializing the rich history of Lake Michigan and developing maritime traditions.
Financial Overview — FY 2023
$1.6M
Total Revenue
$314K
Total Expenses
$3.2M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
87.4%
Fundraising Efficiency
0.0%
Operating Reserve
120.91x
Liability-to-Asset
0.7%
Revenue Diversification
97.2%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.6M | $314K | $3.2M | 87.4% | 0 |
| 2022 | $524K | $170K | N/A | — | 0 |
| 2021 | $219K | $84K | N/A | — | 0 |
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