Overview
What is Lyc Foundation Inc?
Lyc Foundation Inc is a nonprofit organization committed to youth sailing education. They offer resources such as manpower, facilities, and equipment to teach sailing skills to the local community's youth. Despite the challenges brought by the Covid-19 pandemic, they managed to serve around 22 young individuals in a low year, significantly boosting their self-confidence, safety, and abilities. In a regular year, they extend their service to around 100 young people. Beyond just teaching sailing, Lyc Foundation Inc also aims to promote public interest in boating, with a focus on providing educational opportunities to youth and encouraging their participation in competitive events.
Official website here: www.mauicommunitysailingfoundation.org
Is Lyc Foundation Inc legitimate?
Lyc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyc Foundation Inc submitted a form 990EZ, 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: $0
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Official website here: www.mauicommunitysailingfoundation.org
What is the mission statement of Lyc Foundation Inc?
The Lyc Foundation Inc's mission is centered around youth sailing education. They provide the necessary resources, such as manpower, facilities, and equipment, to teach young individuals in the community. Despite challenges like Covid-19, they managed to serve around 100 youth annually, fostering increased confidence, safety, and sailing skills. The foundation also aims to promote and educate the public about boating, with a focus on providing educational opportunities for youth and encouraging their participation in competitive endeavors.
Official website here: www.mauicommunitysailingfoundation.org
What is the revenue of Lyc Foundation Inc?
Lyc Foundation Inc's revenue in 2024 was $101,813.
Official website here: www.mauicommunitysailingfoundation.org
Who are the executives of Lyc Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.mauicommunitysailingfoundation.org
Where can I find the form 990EZ for Lyc Foundation Inc?
Lyc Foundation Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Official website here: www.mauicommunitysailingfoundation.org
Learn more at the official website: www.mauicommunitysailingfoundation.org
Mission Statement of Lyc Foundation Inc
Lyc Foundation Inc, with a focus on youth, is committed to providing sailing education. Their mission is threefold: firstly, they offer manpower, facilities, and equipment to teach the local youth the art and skills of sailing. Secondly, they strive to foster, promote, and educate the public in the realm of boating, with a particular emphasis on supporting educational opportunities and engaging youth in competitive endeavors. Lastly, they aim to serve a substantial number of youth annually, helping them build self-confidence, improve safety skills, and participate in sailing activities. Despite the challenges posed by the Covid-19 pandemic, they managed to serve around 100 youth in a typical year, demonstrating their dedication to their mission.
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Impact
October, 2024
Lyc Foundation Inc significantly impacts the community through its youth sailing education programs. By providing manpower, facilities, and equipment, the organization facilitates hands-on learning experiences for young individuals in Lahaina, HI. In a typical year, the foundation serves around 100 youth, instilling essential skills in boating while also promoting safety and self-confidence.
This initiative not only helps young participants acquire practical sailing skills but also encourages personal growth through competitive opportunities. By fostering educational experiences and community engagement, Lyc Foundation Inc plays a vital role in empowering the youth, enriching their lives, and promoting a deeper understanding of the art of boating.
This information is meant to be a general summary of Lyc Foundation Inc. 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 2024.
- Investment Income: $1,467
- Program Service Revenue: $52,435
- Gross Receipts: $102,772
Assets and Liabilities:
- Total Assets: $95,835
- Total Liabilities: $0
- Net Assets: $95,835
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Organization Details
Principal Officer
David Atkinson
NTEE Category
Code: B82 - Education
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