Lcyc Community Sailing And Education Foundation Inc

Organization Overview

Lcyc Community Sailing And Education Foundation Inc is located in Islesford, ME. The organization was established in 2014. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcyc Community Sailing And Education Foundation Inc 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, Lcyc Community Sailing And Education Foundation Inc generated $91.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $89.1k during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

TO FOSTER CONFIDENCE, COMMUNITY, AND LOVE AND RESPECT FOR BOATS AND COASTAL


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$41,733
Total Program Service Revenue$0
Membership dues$38,371
Investment income $11,817
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$91,921

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lcyc Community Sailing And Education Foundation Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Maine Community Foundation Inc

Ellsworth, ME

PURPOSE: Physical Fitness & Community Recreational Facilities

$10,000
View Grant Recipient Profile

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