Mayc Foundation
- Assets
- $230.9k
- Revenue
- $52.0k
- Investments
- $218.0k
- Employees
- 0
- Location
- Mahomet, IL
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 37-1386139
Organization Overview
Mayc Foundation is located in Mahomet, IL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mayc Foundation generated $52.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $24.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DISTRIBUTIONS TO SUPPORT THE MAHOMET AREA YOUTH CLUB, A TAX EXEMPT CHARITABLE ORGANIZATION THAT PROVIDES AFTER-SCHOOL AND SUMMER PROGRAMS FOR DISADVANTAGED CHILDREN FROM THE LOCAL MAHOMET AREA COMMUNITY
SCHOLARSHIP FOR STUDENTS WHO ARE IN THE SAME CLASS AS THOSE BENEFITING FROM THE MAHOMET AREA YOUTH CLUB
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Jessup President | 0.5 | $0 | |
Patti Mcintosh Vice-President | 0.5 | $0 | |
Mike Dillavou Treasurer | 0.5 | $0 | |
Deb Kimme Secretary | 0.5 | $0 | |
Darlene Baker Board Member | 0.5 | $0 | |
Lindsey Halfar Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,164 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,082 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,714 |
| Capital Gain Net Income | $33,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,892 |
| Total operating and administrative expenses | $6,194 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $24,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,876 |
| Savings and temporary cash investments | $2,956 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $230,880 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mayc Foundation has awarded $18,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mahomet, IL PURPOSE: PAYMENTS TO SUPPORT THE MAHOMET AREA YOUTH CLUB, A TAX-EXEMPT CHARITABLE ORGANIZATION THAT PROVIDES AFTER-SCHOOL AND SUMMER PROGRAMS FOR DISADVANTAGED CHILDREN FROM THE LOCAL MAHOMET AREA COMMUNITY (EIN 81-0615577) | $15,000 |
Mahomet, IL PURPOSE: SCHOLARSHIPS FOR STUDENTS WHO ARE IN THE SAME CLASS AS THE MAHOMET AREA YOUTH CLUB | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |