Mayc Foundation

Organization Overview

Mayc Foundation is located in Mahomet, IL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayc Foundation 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, Mayc Foundation generated $52.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $24.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

CASH DISTRIBUTIONS TO SUPPORT THE MAHOMET AREA YOUTH CLUB, A TAX EXEMPT CHARITABLE ORGANIZATION THAT PROVIDES AFTER-SCHOOL AND SUMMER PROGRAMS FOR DISADVANTAGED CHILDREN FROM THE LOCAL MAHOMET AREA COMMUNITY


SCHOLARSHIP FOR STUDENTS WHO ARE IN THE SAME CLASS AS THOSE BENEFITING FROM THE MAHOMET AREA YOUTH CLUB


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $17,164
Interest on Savings $0
Dividends & Interest $1,082
Net Rental Income$0
Net Gain on Sale of Assets $33,714
Capital Gain Net Income $33,714
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $51,960

Grants Awarded

Over the last fiscal year, Mayc Foundation has awarded $18,500 in support to 2 organizations.

Grant RecipientAmount

MAHOMET AREA YOUTH CLUB

Org PageRecipient Profile

Mahomet, IL

PURPOSE: PAYMENTS TO SUPPORT THE MAHOMET AREA YOUTH CLUB, A TAX-EXEMPT CHARITABLE ORGANIZATION THAT PROVIDES AFTER-SCHOOL AND SUMMER PROGRAMS FOR DISADVANTAGED CHILDREN FROM THE LOCAL MAHOMET AREA COMMUNITY (EIN 81-0615577)

$15,000

MAHOMET AREA YOUTH CLUB STUDENTS

Org PageRecipient Profile

Mahomet, IL

PURPOSE: SCHOLARSHIPS FOR STUDENTS WHO ARE IN THE SAME CLASS AS THE MAHOMET AREA YOUTH CLUB

$3,500
View Grant Profile

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