Myc Youth Sailing Foundation Inc

Organization Overview

Myc Youth Sailing Foundation Inc is located in Miami, FL. The organization was established in 1992. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Myc Youth Sailing Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myc Youth Sailing Foundation Inc 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 03/2023, Myc Youth Sailing Foundation Inc generated $367.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $327.1k during the year ending 03/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE SPORT OF SAILING WITHIN THE COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAILING INSTRUCTIONS OF ADULT AND YOUTH IN THE COMMUNITY


PROVIDE SUPPORT FOR SAILING RACES AND REGATTAS


PROVIDE SUPPORT FOR SAILING RACES AND REGATTAS


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Board, Officers & Key Employees

Name (title)Compensation
Pepe Almeida
Board Member
$0
James Carlin
Board Member
$0
Emily Copeland
Vice Commodo
$0
Mike Faircloth
Board Member
$0
Ted Felix
Board Member
$0
Katie Flood
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,150
Total Program Service Revenue$360,175
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $367,325

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