The specific purpose of this organization is to provide and support various Educational programs which teach and preserve the seafaring traditions of early american history.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $36K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$743K
373% of total assets
Concern: liabilities are 373% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
Spent
$535K
To programs
87%
Net assets
−$544K
By yearFY2020–FY2025
Revenue
$235K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$235K
FY2021$244K
FY2022$609K
FY2023$385K
FY2024$458K
FY2025$464K
Expenses
$535K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$535K
FY2021$369K
FY2022$416K
FY2023$399K
FY2024$443K
FY2025$448K
Net assets
−$544K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$544K
FY2021−$669K
FY2022−$476K
FY2023−$491K
FY2024−$476K
FY2025−$460K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $463K Management & general 13% · $72K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairman/Pre
$0Pt VII · Sec A

Donald E Peacock’s $24K as Chairmanpresident is at the 20th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Donald E Peacock$24,128$40,911$15,823$42,258$19,007

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lynx Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and teaches early American seafaring traditions through educational programs.

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Provided by the organization

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3 programs · $288K · in their own filed words · FY2019
01

Education

Educational programs to recreate the life and environment of 1812 privateers aboard a schooner sailing vessel. Lynx via dockside tours, day sails, and a variety of sailing adventures with students and other interested groups. Thousands of people tour the ship annually.

$156Kprogram expense
02

Sail Training Programs

Two educational cruise opportunities held biannually, the first is a five day sailing and exploration adventure.

$75Kprogram expense
03

Educational Tall Ship Festivals and Exhibits

The lynx and its crew participate in tall ship festivals, pageants, the transpac race and recreated historic battles at sea for the general public

$57Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$12K
Money outPt IX
$535K
Ln 25
Programscol B$463K
Managementcol C$72K
Owns and owesPt X
−$544K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$199K
LiabilitiesLn 26$743K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Government grantsLn 1e$224K
Fees for servicesLn 2g$12K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$190K
Total assetsLn 16$199K
LiabilitiesLn 26$743K
Net assetsLn 32−$544K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$5K$8K
Land, buildings, equipmentLn 10c$206K$190K
Total assetsLn 16$231K$199K
LiabilitiesLn 26$476K$743K
Net assetsLn 32−$244K−$544K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$121K$121K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$7K$3K$5K
Office expensesLn 13$853$164$689
OccupancyLn 16$6K$6K
TravelLn 17$12K$2K$10K
Conferences, conventions and meetingsLn 19$563$563
InterestLn 20$31K$31K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$299K$288K$11K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$535K$463K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $464K$448K$16K−$460K 990 PDF
FY2024 $458K$443K$15K−$476K 990 PDF
FY2023 $385K$399K−$14K−$491K 990 PDF
FY2022 $609K$416K$193K−$476K 990 PDF
FY2021 $244K$369K−$125K−$669K 990 PDF
FY2020 Viewing $235K$535K−$299K−$544K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $235,193 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,000$223,640
I-9 Program service revenuePrior year $73,896$11,553
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $133,896$235,193
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $80,500$132,851
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $53,600$401,779
I-18 Total expensesPrior year $134,100$534,630
I-19 Revenue less expensesPrior year −$204−$299,437
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $235,193 across 4 lines filed
VIII-1e Government grants$223,640
VIII-1h Total contributions, gifts and grants$223,640
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,553$11,553
VIII-12 Total revenueRelated to mission $11,553$235,193
Part IX · Statement of functional expenses $534,630 across 13 lines filed
IX-7 Other salaries and wagesPrograms $120,682$120,682
IX-10 Payroll taxesPrograms $12,169$12,169
IX-11c Accounting feesManagement $3,340$3,340
IX-12 Advertising and promotionPrograms $2,596 · Management $4,820$7,416
IX-13 Office expensesPrograms $164 · Management $689$853
IX-16 OccupancyManagement $6,442$6,442
IX-17 TravelPrograms $1,747 · Management $9,899$11,646
IX-19 Conferences, conventions and meetingsManagement $563$563
IX-20 InterestManagement $30,573$30,573
IX-22 Depreciation, depletion and amortizationPrograms $16,500$16,500
IX-23 InsurancePrograms $21,023$21,023
IX-24 Other expenses (24a–d)Programs $287,933 · Management $11,238$299,171
IX-24e All other expensesManagement $4,252$4,252
IX-25 Total functional expensesPrograms $462,814 · Management $71,816 · Fundraising $0$534,630
Part X · Balance sheet $199,041 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $5,000$8,361
X-8 Inventories for sale or useStart of year $20,000$930
X-10c Land, buildings and equipment, netStart of year $206,250$189,750
X-16 Total assetsStart of year $231,250$199,041
X-25 Other liabilitiesStart of year $25,615$181,908
X-26 Total liabilitiesStart of year $475,615$742,843
X-27 Net assets without donor restrictionsStart of year −$244,365−$543,802
X-32 Total net assets or fund balancesStart of year −$244,365−$543,802
X-33 Total liabilities and net assetsStart of year $231,250$199,041
Part XI · Reconciliation of net assets −$543,802 net assets at year end
XI-1 Total revenue$235,193
XI-2 Total expenses$534,630
XI-3 Revenue less expenses−$299,437
XI-4 Net assets at start of year−$244,365
XI-10 Net assets at end of year−$543,802

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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