The Waukegan Yacht Club was founded in 1927 to promote yachting, yacht racing and good fellowship among yachtsmen on Lake Michigan. The club has grown from its original home, a 20 ft x 60 ft houseboat, to its present one-story, full-service facility in Waukegan Harbor.
The club is governed by a board of officers and directors elected by the members. It is managed by a professional manager. Membership meetings are held quarterly in March, June, September and December. Members are also welcome to attend the monthly meetings of the Board of Directors which are held on the fourth Thursday of each month.