Lyc Concours Corporation

Tax-deductible

Seabrook, TX501(c)(3)Foundations & GrantmakersEIN 30-0147202Revenue $610K in FY2024

On file with the IRSkeels-wheels.com2511 B 104 NASA Road One, 77586-0000 · Seabrook, TXTax-exempt since Feb 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Host Concours & wooden boat show & make contributions to 501 (c)(3)s

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 7% of spending
Top officer’s pay lower than 65% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$610K
+3% vs prior year
Spent
$565K
To programs
50%
Net assets
$175K
By yearFY2020–FY2024
Revenue
$610K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$68K
FY2021$647K
FY2022$614K
FY2023$646K
FY2024$592K
FY2024$610K
Expenses
$565K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$521K
FY2022$523K
FY2023$621K
FY2024$621K
FY2024$565K
Net assets
$175K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2021$127K
FY2022$218K
FY2023$215K
FY2024$185K
FY2024$175K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2003.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $282K Management & general 50% · $282K

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

15 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation
Concours Fou
$38,958Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Robert L Fuller’s $39K as Concours Fou is at the 35th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robert L Fuller$38,958$55,000$55,000$55,000$54,083$53,167
Laura Power—————$40,708
Erin Brown————$31,500—
Ida Oglesby———$3,500——

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.

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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 15aNo

Programs and updates

Organizes boat shows and donates to charities.

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Provided by the organization

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1 program · $282K · in their own filed words · FY2024
01

Host concours cars & wooden boat show; make contributions to 501(c)(3) organizations.

$282Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$610K
Ln 12
Fees for servicesLn 2g$593K
Gifts and grantsLn 1h$17K
Investment incomeLn 3$1K
Money outPt IX
$565K
Ln 25
Programscol B$282K
Managementcol C$282K
Owns and owesPt X
$175K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$175K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Government grantsLn 1e$17K
Fees for servicesLn 2g$593K
Investment incomeLn 3$1K
Total revenueLn 12$610K
Assets in detailPt X, end of year
CashLn 1$175K
Cash and savings togetherLn 1–2$175K
Total assetsLn 16$175K
LiabilitiesLn 26$0
Net assetsLn 32$175K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$134K$175K
Total assetsLn 16$185K$175K
LiabilitiesLn 26$0$0
Net assetsLn 32$185K$175K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$137K$137K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$1K$1K
Advertising and promotionLn 12$87K$87K
Office expensesLn 13$74K$74K
OccupancyLn 16$10K$10K
TravelLn 17$49K$49K
Conferences, conventions and meetingsLn 19$70$70
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$93K$93K
All other expensesLn 24e$103K$101K$2K
Total functional expensesLn 25$565K$282K$282K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $592K$621K−$29K$185K 990 PDF
FY2023 $646K$621K$25K$215K 990 PDF
FY2022 $614K$523K$91K$218K 990 PDF
FY2021 $647K$521K$126K$127K 990 PDF
FY2020 $68K$238K−$170K$2K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $610,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,500$16,533
I-9 Program service revenuePrior year $589,087$592,508
I-10 Investment incomePrior year $722$1,012
I-11 Other revenue$0
I-12 Total revenuePrior year $592,309$610,053
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $112,942$142,512
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $508,453$422,133
I-18 Total expensesPrior year $621,395$564,645
I-19 Revenue less expensesPrior year −$29,086$45,408
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $610,053 across 5 lines filed
Lines not itemized here account for $8,903 of total revenue; see the IRS return.
VIII-1e Government grants$16,533
VIII-1h Total contributions, gifts and grants$16,533
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $583,605$583,605
VIII-3 Investment incomeExcluded from tax $1,012$1,012
VIII-12 Total revenueRelated to mission $592,508 · Excluded from tax $1,012$610,053
Part IX · Statement of functional expenses $564,645 across 11 lines filed
IX-7 Other salaries and wagesManagement $137,389$137,389
IX-10 Payroll taxesManagement $5,123$5,123
IX-11b Legal feesPrograms $1,350$1,350
IX-12 Advertising and promotionPrograms $86,757$86,757
IX-13 Office expensesManagement $73,896$73,896
IX-16 OccupancyManagement $10,200$10,200
IX-17 TravelManagement $48,691$48,691
IX-19 Conferences, conventions and meetingsManagement $70$70
IX-23 InsuranceManagement $5,312$5,312
IX-24 Other expenses (24a–d)Programs $92,915$92,915
IX-24e All other expensesPrograms $101,322 · Management $1,620$102,942
IX-25 Total functional expensesPrograms $282,344 · Management $282,301 · Fundraising $0$564,645
Part X · Balance sheet $174,635 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $134,226$174,635
X-16 Total assetsStart of year $184,526$174,635
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $184,526$174,635
X-33 Total liabilities and net assetsStart of year $184,526$174,635
Part XI · Reconciliation of net assets $174,635 net assets at year end
XI-1 Total revenue$610,053
XI-2 Total expenses$564,645
XI-3 Revenue less expenses$45,408
XI-4 Net assets at start of year$184,526
XI-8 Prior period adjustments−$55,299
XI-10 Net assets at end of year$174,635

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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