Overview
What is Lyc Concours Corporation?
Lyc Concours Corporation, situated in Seabrook, Texas, primarily functions as a host for prestigious car and wooden boat shows. Beyond this, the organization demonstrates a commitment to charitable causes by making contributions to recognized 501(c)(3) nonprofit organizations. With a modest workforce of two individuals, Lyc Concours Corporation plays a role in connecting the community with these worthy causes.
Official website here: www.keels-wheels.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating)
Lyc Concours Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a high percentage of independent board members, it faces significant challenges in transparency, evidenced by missing financial statements and key policies such as conflict of interest and whistleblower protections.
The organization demonstrates a solid program expense ratio of 70.86%, suggesting that a substantial portion of its expenditures is directed towards its programs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, indicating financial stability. However, the lack of publicly available financial documents and policies raises concerns regarding its governance and oversight.
Overall, while Lyc Concours Corporation is performing well in certain financial areas, the absence of critical accountability measures detracts from its overall evaluation. Enhancing transparency and implementing necessary policies could significantly improve its standing and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lyc Concours Corporation?
96% of 52 reviewers on Facebook recommend Lyc Concours Corporation. Many participants express that entering their boats has been an enjoyable experience, highlighting the event as a great time.
Supporters appreciate the nonprofit's mission, noting that the event is not only fun but also serves a wonderful cause. Overall, this organization seems to effectively engage the community, fostering a positive atmosphere for both participants and supporters alike.
This AI summary has been generated from reviews found on Facebook.
Is Lyc Concours Corporation legitimate?
Lyc Concours Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyc Concours Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,343
For more financial information, click here
Official website here: www.keels-wheels.com
What is the mission statement of Lyc Concours Corporation?
Lyc Concours Corporation's mission revolves around hosting prestigious events, specifically the Concours Cars and Wooden Boat Show. Beyond these events, the corporation also makes contributions to 501(c)(3) non-profit organizations. This philanthropic aspect of their mission aims to support various causes and contribute to the betterment of various communities. By hosting these events and providing financial assistance, Lyc Concours Corporation plays a role in enriching cultural experiences and contributing to the welfare of various causes.
Official website here: www.keels-wheels.com
Who is the CEO of Lyc Concours Corporation?
Robert L Fuller is the Concours Cha of Lyc Concours Corporation.
Official website here: www.keels-wheels.com
What is the revenue of Lyc Concours Corporation?
Lyc Concours Corporation's revenue in 2023 was $645,984.
Official website here: www.keels-wheels.com
Who are the executives of Lyc Concours Corporation and what are their salaries?
The average compensation at Lyc Concours Corporation during 2023 was $51,172. There are 2 employees at Lyc Concours Corporation.
Here are 16 key members and their salaries:
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Official website here: www.keels-wheels.com
Where can I find the form 990 for Lyc Concours Corporation?
Lyc Concours Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.keels-wheels.com
Learn more at the official website: www.keels-wheels.com
Mission Statement of Lyc Concours Corporation
Lyc Concours Corporation, as a entity, is committed to hosting prestigious Concours and Wooden Boat shows, and beyond this, they contribute financially to various 501(c)(3) nonprofit organizations. Their mission is twofold: they organize grand automobile and wooden boat exhibitions, showcasing the elegance and craftsmanship in these vehicles; simultaneously, they extend monetary aid to charitable organizations. This dual role allows Lyc Concours Corporation to engage with the wider community and contribute to worthy causes, thereby demonstrating their commitment to philanthropy and community engagement.
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Impact
July, 2024
Lyc Concours Corporation's impact lies in hosting concours car and wooden boat shows while also making significant contributions to 501(c)(3) organizations. Through its events and philanthropic efforts, Lyc Concours Corporation plays a crucial role in supporting charitable causes and organizations. Its mission to host these shows and contribute to nonprofits showcases a commitment to giving back to the community and making a positive difference in the world.
This information is meant to be a general summary of Lyc Concours Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5
- Program Service Revenue: $625,948
- Gross Receipts: $645,984
Assets and Liabilities:
- Total Assets: $214,612
- Total Liabilities: $0
- Net Assets: $214,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSERSHIP
Revenue
$320,959
LEGACY
Revenue
$145,000
TICKET SALES
Revenue
$88,129
EXHIBTOR FEES
Revenue
$27,332
MERCHANDISE SALES
Revenue
$22,009
Organization Details
Phone
(713) 521-0105Principal Officer
Robert L Fuller
Main Address
2511 B 104 NASA ROAD ONE RM 104, SEABROOK, TX, 77586
Website
www.keels-wheels.comNTEE Category
Code: T30 - Philanthropy
If you are a representative of Lyc Concours Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.