2025-01-17T07:49:51-05:00 2023-12-31 990 2023-01-01 362039018 WAUKEGAN YACHT CLUB % Nicole L Sullivan WAUK 8476234188 PO BOX 75 WAUKEGAN IL 600790075 Nicole Sullivan Commodore 2025-01-17 2023 2024-10-15 13:58:12Z Nicole L Sullivan PO BOX 75 WAUKEGAN IL 600790075 31604 false X waukeganyachtclub.org X 1927 IL A gathering place for boaters and boater education activities 29 29 0 22 0 0 3081 14000 0 6112 0 0 0 5359 3081 25471 0 0 0 0 19868 540 0 0 0 0 29091 19868 29631 -16787 -4160 1548 1289 5132 6083 -3584 -4794 Mentoring individuals and families in safe participation on watercraft activities on Lake Michigan from the Port of Waukegan. false false 7875 0 9061 92nd annual Chicago to Waukegan Sail Race 103 participating boats Approximately 1087 sailor participants and families in attendance and utilizing surrounding businesses and services. Example: 33 transient slips leased by out of town boats business to Waukegan Port District Metra rail services to Chicago early AM and PM restaurants on Genesee St. 0 0 0 0 0 0 0 0 0 7875 false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 0 false false false false false false false 0 false false false false false false false 0 0 false false false 29 29 false false false false false false false true true false false true false false true false false false IL X Nicole L Sullivan 8473703126 PO BOX 75 WAUKEGAN IL 600790075 X Nicole Sullivan Commodore 20.00 0.00 X 0 0 0 Jason Fergerson Past Commodore 1.00 0.00 X 0 0 0 Johnathan Gaetz Secretary 5.00 0.00 X 0 0 0 Charles Olsen Treasurer 0.00 0.00 X 0 0 0 Jonathan Burba Director 5.00 0.00 X 0 0 0 Bob Christiansen Director 1.00 0.00 X 0 0 0 Robert Klueg Director 1.00 0.00 X 0 0 0 0 0 0 0 false false false 0 7400 0 0 0 6600 0 14000 Sail Racing 713990 5640 5640 0 0 Charity Rental 713990 472 472 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6112 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11492 6133 5359 5359 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25471 11471 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 540 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5167 0 0 0 520 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 391 0 0 0 4504 0 0 0 0 0 0 0 6807 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8926 0 0 0 Maintenance 2073 0 0 0 Licenses 703 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29631 0 0 0 0 0 0 0 1548 1289 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1548 1289 5132 6083 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5132 6083 X 0 0 0 0 -3584 -4794 -3584 -4794 1548 1289 -4160 0 0 0 2950 0 X false false false Part VIII Line 10 | Explanation:| This marks an unusual situation for WYC as we were not able to provide services to the public of any kind in 2023 due to profit hopeful cost cutting plan of the local harbor manager. He was driven to remove WYC from the building and succeeded in doing so for the period of 2 months April to June. For four days in June safety dictated our return to the facility to host our annual Chicago to Waukegan Sail Race - the second largest sail race on Lake Michigan. The Waukegan Port District board realized in November of 2023 that they had been misled and terminated the manager in December elected a new board chairperson in a following month and returned WYC to full use through a special meeting vote in February of 2024. In 2023 the club required the services of an attorney and members established a fund to establish a retainer. The chart of accounts did not yet include the account types for the bookkeeping that was necessary to properly transact these steps. In addition the bookkeeping assistance that had been provided was rushed with a focus on identifying the profitability of merchandise tied to events that did not account for them to match the 990 forms. In the process of this very late filing I downloaded the Unified Chart of Accounts for Nonprofits and I activated the use of account numbers in our QuickBooks account such that we were finally able to sort many account duplications and mis categorizations to find the cost of the inventory we knew had been spent. It had been entered as a negative income transaction against the revenue account. Having found this situation we audited all transactions for negative income transactions and worked through every transaction until they were all properly assigned to the correct accounts AND confirmed the same ending profit loss. Finally the Commodore Jason Fergerson resigned mid-year for undisclosed personal reasons and there were some delays in completing transfer of account access as a result.