Overview
What is The Pyc Satori Foundation Inc?
The Pyc Satori Foundation Inc, located in Pensacola, Florida, is a nonprofit organization with a mission to inspire interest in and encourage the promotion of sailing and various maritime activities. They have conducted 14 outreach programs, engaging a total of 78 participants. The foundation's primary goal is to foster enthusiasm for sailing and yachting, broadening the scope of maritime activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
The Pyc Satori Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating primarily stems from the charity's strong accountability and finance practices. Notably, the foundation boasts an independent board with all members (10 out of 10) being independent, an essential factor in ensuring unbiased governance.
The organization demonstrates solid financial management, with a liabilities to assets ratio of 0.00%, indicating no debt. Additionally, it has a commendable program expense ratio of 74.56%, suggesting that a significant portion of its funds are directed towards its programs rather than administrative costs. The foundation also shows transparency by documenting board meeting minutes, enhancing its accountability.
However, the overall rating of Two Stars suggests that there could be areas for improvement, especially since the score is solely based on financial accountability without additional metrics relating to organizational performance or impact. This limited assessment may not fully represent the charity's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Pyc Satori Foundation Inc legitimate?
The Pyc Satori Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pyc Satori Foundation Inc 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Pyc Satori Foundation Inc?
The Pyc Satori Foundation Inc's mission is centered around fostering interest and encouragement in the sport of sailing and yachting, as well as various maritime activities. Their objective is to inspire and promote these nautical pursuits, engaging a broad range of participants. One of their initiatives includes conducting outreach sails, engaging 78 individuals in 14 such events.
Who is the CEO of The Pyc Satori Foundation Inc?
Alan Mcmillan is the President/Trustee of The Pyc Satori Foundation Inc.
What is the revenue of The Pyc Satori Foundation Inc?
The Pyc Satori Foundation Inc's revenue in 2022 was $468,004.
Who are the executives of The Pyc Satori Foundation Inc and what are their salaries?
There 110 volunteers at The Pyc Satori Foundation Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Pyc Satori Foundation Inc?
The Pyc Satori Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Pyc Satori Foundation Inc
The Pyc Satori Foundation Inc is dedicated to inspiring interest in and encouraging the promotion of sailing and a wide range of maritime activities. Their mission is twofold: to foster an appreciation for sailing and yachting, and to support various aspects of the maritime world. To achieve this, the foundation conducts outreach sails, engaging 78 participants in 14 sailing events. By offering these experiences, the Pyc Satori Foundation Inc aims to spread the joy of sailing and broaden the scope of individuals' maritime engagement.
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Impact
July, 2024
The Pyc Satori Foundation Inc's impact includes inspiring interest in and promoting the sport of sailing and yachting, as well as encouraging a broad range of maritime activities. One of their initiatives, Outreach Sails, has successfully engaged 78 participants through 14 sailing events. Their focus on youth development is evident in their efforts to introduce young individuals to the world of sailing and maritime activities, fostering skills and passion in this unique sport.
This information is meant to be a general summary of The Pyc Satori 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 2022.
- Investment Income: $3,659
- Program Service Revenue: $39,122
- Gross Receipts: $484,050
Assets and Liabilities:
- Total Assets: $839,508
- Total Liabilities: $0
- Net Assets: $839,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RODEO INCOME
Revenue
$37,670
CLASSES INCOME
Revenue
$1,360
MISC INCOME
Revenue
$92
Organization Details
Founding Year
2015
Phone
(615) 430-0861Principal Officer
Alan Mcmillan
Main Address
1897 CYPRESS STREET, PENSACOLA, FL, 32502
NTEE Category
Code: O50 - Youth development
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