Scyc Preservation Foundation Inc
Nonprofit profile at a glance
- EIN
- 473789649
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- Oyster Bay, NY, USA
- Phone
- 5169226200
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $30,402
- Expenses
- $25,274
- Assets
- $97,874
- Liabilities
- $600
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JOSEPH PICKARD (PRESIDENT)
People named in this filing
- JOSEPH PICKARD (PRESIDENT)
- WILLETS MEYER (SECRETARY)
- FIFE WHITMAN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the scyc preservation foundation (the "foundation") is to raise funds to support the maintenance, restoration and preservation of the exterior (and fundamental interior supporting structure) of the historically and architecturally significant clubhouse, supporting structures, improvements and waterfront setting of the seawanhaka corinthian yacht club at 314 yacht club road, centre island, ny, foster awareness of and appreciation for the work of their architects, builders and craftsmen and support the work and goals of the historical preservation in the area in which these buildings are located, by means of grants, contractors and other means useful to the foundation and permitted by law.
What it reported doing in 2024
Restoration expenses incurred in connection with the maintenance, restoration and presentation of the exterior of the historically and architecturally significant clubhouse of the seawanhaka corinthian yacht at 314 yacht club road, center island, ny.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Sustainability: 67
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 84.1%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 16.9%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 3.87; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 27.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: -1.3% per year; rating input score 0; 46th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 84.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.