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.
Form
990EZ
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John R Brooks II President/co | 0 | $0 | |
Annabelle Pitkin Secretary | 0 | $0 | |
Jeannette Bright Treasurer | 0 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $35,538 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $3,300 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $50,230 |
Total expenses | $89,068 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $66,107 |
Other assets | $0 |
Total assets | $119,288 |
Total liabilities | $0 |
Net assets or fund balances | $119,288 |
Over the last fiscal year, we have identified 1 grants that Lcyc Community Sailing And Education Foundation Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Physical Fitness & Community Recreational Facilities | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Mid-Coast Recreation Center Inc Rockport, ME | $2,729,113 | $1,206,062 |
Family Ice Falmouth, ME | $2,900,896 | $1,043,092 |
Bristol Recreation Advisory Council Bristol, NH | $921,082 | $809,649 |
Big Rock Mars Hill, ME | $1,838,013 | $953,661 |
Friends Of Seabrook Community Seabrook, NH | $88,559 | $515,160 |
Tilton-Northfield Recreation Council Tilton, NH | $639,036 | $304,906 |
Old Town-Orono Ymca Foundation Old Town, ME | $6,498,733 | $440,703 |
North Haven Casino North Haven, ME | $754,452 | $275,902 |
Fryeburg Recreation Department Inc Fryeburg, ME | $2,220,448 | $250,202 |
Friends Of Community Fitness Guilford, ME | $67,352 | $239,749 |
Island Community Center Inc Stonington, ME | $763,173 | $231,428 |
Roger Allen Recreation Association Rochester, NH | $327,713 | $117,742 |