Overview
What is Abyc Foundation?
The Abyc Foundation, situated in Annapolis, Maryland, is a nonprofit organization that primarily supports the American Boat & Yacht Council, Inc. They accomplish this mission through various programs, including offering education scholarships, maintaining boats for training purposes, and managing gifts and funds. The foundation's core goal is to promote and enhance the marine industry's educational sector.
Official website here: www.abycinc.org
Is Abyc Foundation legitimate?
Abyc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abyc Foundation 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: $0
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Official website here: www.abycinc.org
What is the mission statement of Abyc Foundation?
The Abyc Foundation's mission is centered around supporting the American Boat & Yacht Council, Inc. It achieves this objective by implementing various programs. These initiatives include offering education scholarships, maintaining boats for training purposes, and advocating for education in the boating and yachting sector. Furthermore, the foundation manages and invests gifts and funds to contribute to the council's goals.
Official website here: www.abycinc.org
Who is the CEO of Abyc Foundation?
John Adey is the Abyc Preside of Abyc Foundation.
Official website here: www.abycinc.org
What is the revenue of Abyc Foundation?
Abyc Foundation's revenue in 2022 was $372,002.
Official website here: www.abycinc.org
Who are the executives of Abyc Foundation and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $223,185
- Other: $0
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Official website here: www.abycinc.org
Where can I find the form 990 for Abyc Foundation?
Abyc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abycinc.org
Learn more at the official website: www.abycinc.org
Mission Statement of Abyc Foundation
The Abyc Foundation, as stated, is committed to supporting the American Boat & Yacht Council, Inc. This support is multifaceted, encompassing various initiatives. Primarily, the foundation provides educational scholarships to individuals, fostering knowledge and skill development within the boating industry. Secondly, it maintains boats for training purposes, ensuring that individuals have access to practical learning opportunities. Lastly, the Abyc Foundation promotes education by investing and administering funds, contributing to the overall growth and development of the American Boat & Yacht Council, Inc. In essence, the Abyc Foundation's mission is to bolster the American Boat & Yacht Council, Inc. through educational programs, boat maintenance, and financial investments.
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Impact
October, 2024
Abyc Foundation significantly enhances public safety in the recreational boating sector. By supporting the American Boat & Yacht Council, Inc., it enables vital educational programs and scholarships that foster knowledge and skills essential for safe boating practices. The foundation maintains and refurbishes boats used for training, ensuring that hands-on experience is readily accessible for learners. Furthermore, it actively promotes educational initiatives that raise awareness about safety standards and best practices in the boating community. Through its efforts, Abyc Foundation plays a crucial role in creating a safer environment for boaters, ultimately contributing to the well-being of the boating community at large.
This information is meant to be a general summary of Abyc Foundation. 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: -$5,337
- Program Service Revenue: $80,158
- Gross Receipts: $511,873
Assets and Liabilities:
- Total Assets: $1,947,275
- Total Liabilities: $400,204
- Net Assets: $1,547,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ABYC RENTAL INCOME
Revenue
$75,000
CONFERENCE
Revenue
$5,158
Organization Details
Founding Year
1989
Phone
(410) 990-4460Principal Officer
John Adey
Main Address
613 THIRD STREET 10, ANNAPOLIS, MD, 21403
Website
www.abycinc.orgNTEE Category
Code: M40 - Public safety
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