TY 2022 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) TIM MANGAN......................................................................
COMMODORE

0.00
.................

(2) WENDI RAMSAY......................................................................
PAST COMMODORE

0.00
.................

(3) PETE BENNETT......................................................................
VICE COMMODORE

0.00
.................

(4) TIM WARD......................................................................
REAR COMMODORE

0.00
.................

(5) BRANDON DENTINO......................................................................
DIRECTOR

0.00
.................

(6) JOE RAYA......................................................................
DIRECTOR

0.00
.................

(7) DAVE MONROE......................................................................
DIRECTOR

0.00
.................

(8) PAM SWANSON......................................................................
DIRECTOR

0.00
.................

(9) ROGER HUBER......................................................................
DIRECTOR

0.00
.................

(10) BOB FULLER......................................................................
DIRECTOR

0.00
.................

(11) KEVIN KINNE......................................................................
DIRECTOR

0.00
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	72,693
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

ILLINOIS VALLEY YACHT & CANOE CLUB

Employer identification number

37-0345985

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS MEMBERS
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION HAS MEMBERS THAT ELECT MEMBERS OF THE BOARD
FORM 990, PART VI, SECTION A, LINE 7B	SENIOR AND SUPER SENIOR MEMBERS CONTROL THE CLUB CONSITUTION; THE BOARD CONTROLS THE BY-LAWS WHICH ARE SUBJECT TO THE CONSTITUTION
FORM 990, PART VI, SECTION A, LINE 8B	THE BOARD OF DIRECTORS HANDLES ALL ISSUES
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD OF DIRECTORS REVIEWS THE FORM 990
FORM 990, PART VI, SECTION B, LINE 12C	WRITTEN DISCLOUSURE OF POSSIBLE CONFLICTS OF INTEREST ARE TO BE MADE TO THE FULL BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT ARISES THE BOARD OF DIRECTORS WILL DEAL WITH IT ON AN INDIVIDUAL BASIS.
FORM 990, PART VI, SECTION B, LINE 15	THE CEO/COMMODRE AND OFFICERS ARE NOT COMPENSATED. COMPENSATION FOR TOP MANAGEMENT, EMPLOYEES AND KEY EMPLOYEES ARE DETERMINED AND MONITORE BY THE CLUB OFFICERS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 24E	MISCELLANEOUS: PROGRAM SERVICE EXPENSES 9170. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9170. COMPUTER EXPENSE: PROGRAM SERVICE EXPENSES 5153. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5153. BANK CHARGES: PROGRAM SERVICE EXPENSES 4745. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4745. JANITORIAL: PROGRAM SERVICE EXPENSES 3728. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3728. ENTRAINMENT: PROGRAM SERVICE EXPENSES 3648. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3648. LICENSES: PROGRAM SERVICE EXPENSES 3591. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3591. POSTAGE: PROGRAM SERVICE EXPENSES 3134. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3134. FOXHOLE: PROGRAM SERVICE EXPENSES 3016. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3016. EQUIPMENT: PROGRAM SERVICE EXPENSES 2898. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2898. DOCK DAYS: PROGRAM SERVICE EXPENSES 1886. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1886. OTHER: PROGRAM SERVICE EXPENSES 1579. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1579. COUNTER EXPENSE: PROGRAM SERVICE EXPENSES 1360. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1360. PRINTING: PROGRAM SERVICE EXPENSES 965. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 965. FLOWERS & DECORATIONS: PROGRAM SERVICE EXPENSES 21. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21. ROUNDING: PROGRAM SERVICE EXPENSES -4. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -4.
FORM 990, PART XI, LINE 9:	VOLUNTARY MORTGAGE RESTRICTED FUND 62000.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: FOR THE PURPOSE OF PROMOTING AND PROVIDING ACTIVITIES PERTAINING TO WATER SPORTS
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	23,916	3,000
9	Program service revenue (Part VIII, line 2g) .........	397,617	372,329
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	110,419	-54,833
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	531,952	320,496
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	138,997	67,236
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	357,370	330,970
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	496,367	398,206
19	Revenue less expenses. Subtract line 18 from line 12.......	35,585	-77,710
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	833,206	729,292
21	Total liabilities (Part X, line 26).............	420,499	332,295
22	Net assets or fund balances. Subtract line 21 from line 20.....	412,707	396,997

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	TO PROVIDE SERVICES TO THE MEMBERS IN THE FORM OF SOCIAL, BOATING, AND OTHER WATER SPORT ACTIVITY

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	3,000

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		3,000

		Business Code
2a	MEMBERSHIP DUES	900099	372,329	372,329
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		372,329

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	415,439
b	Less: cost of goods sold ..		10b	496,160
c	Net income or (loss) from sales of inventory..			-80,721	-80,721
Business Code			Miscellaneous Revenue
11a	MISCELLANEOUS		900099	25,888	25,888
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			25,888
12	Total revenue. See instructions.....			320,496	317,496	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	58,351	58,351
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,300	1,300
9	Other employee benefits .......	1,250	1,250
10	Payroll taxes ...........	6,335	6,335
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	7,650	7,650
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	13,088	13,088
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	58,824
23	Insurance ...	69,286	69,286
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	UTILTIES	69,588	69,588
b	PROPERTY TAXES	32,619	32,619
c	REPAIRS AND MAINTENANCE	20,945	20,945
d	SALES TAX	14,080	14,080
e	All other expenses	44,890	44,890
25	Total functional expenses. Add lines 1 through 24e	398,206	339,382	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			107,255	1	93,381
2	Savings and temporary cash investments .........			27,574	2	28,501
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			69,197	4	80,256
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			34,047	8	33,142
9	Prepaid expenses and deferred charges ......			15,763	9	19,684
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,615,625
b	Less: accumulated depreciation	10b	4,141,297	510,972	10c	474,328
11	Investments—publicly traded securities .			68,398	11	0
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			833,206	16	729,292

17	Accounts payable and accrued expenses .....	72,156	17	36,634
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	272,615	23	222,968
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	75,728	25	72,693
26	Total liabilities. Add lines 17 through 25..	420,499	26	332,295

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	395,986	27	316,839
28	Net assets with donor restrictions ...........	16,721	28	80,158
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	412,707	32	396,997
33	Total liabilities and net assets/fund balances ........	833,206	33	729,292

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	93,359		93,359
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....	4,522,266	4,141,297	380,969
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				474,328

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)