The Pyc Satori Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 47-3844517)

Revenue by fiscal year
FY2020	$91K
FY2021	$144K
FY2022	$468K
FY2023	$364K
FY2024	$320K
FY2025	$250K

Expenses by fiscal year
FY2020	$117K
FY2021	$107K
FY2022	$168K
FY2023	$239K
FY2024	$310K
FY2025	$242K

Net assets by fiscal year
FY2020	$502K
FY2021	$539K
FY2022	$840K
FY2023	$964K
FY2024	$974K
FY2025	$982K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2015.

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

Where the money goes

52 cents of each dollar spent went to programs.

52%

48%

Program services 52% · $125K Management & general 48% · $117K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation

David Chandler

President/Trustee

$0Pt VII · Sec A

Gary Lee

Vice President

$0Pt VII · Sec A

William Nobles

Secretary/Treasurer

$0Pt VII · Sec A

James Reeves

Trustee

$0Pt VII · Sec A

Timothy Burr

Trustee

$0Pt VII · Sec A

Denis McKinnon

Trustee Emeritus

$0Pt VII · Sec A

Steve Cozart

Trustee

$0Pt VII · Sec A

Ben Myers

Trustee

$0Pt VII · Sec A

See The Pyc Satori Foundation INC 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 15aNo

Programs and updates

Promotes sailing, yachting, and maritime activities to inspire interest and participation.

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Provided by the organization

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3 programs · $125K · in their own filed words · FY2025

01

Outreach Sails

14 outreach sails with 85 participants also receiving stem lessons

$91Kprogram expense

02

Marine & Environmental Science Outreach Trips

37 trips done with approximately 269 participants with marine science lessons

$19Kprogram expense

03

Annual Fishing Rodeo

Kids pinfish tournament with approx 185 youth

$15Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Community Foundation of Northwest Florida INCFY2024$17K

The Bear Family Foundation INCFY2024$2K

Total grants receivedfrom 2 funders$19K

Grants paid · 6 grants · $102K · 2023–2025

Pensacola Yacht ClubFY2025$6,938

Pensacola Yacht ClubFY2024$38,469

Seastars Aquatics INCFL · FY2024$10,000

University of West Florida Foundation INCFL · FY2023$35,000

YMCA of Northwest Florida Foundation INC (1313 - So2)FL · FY2023$6,000

Pensacola Yacht ClubFY2023$5,585

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$250K

Ln 12

Other incomeLn 4–11$80K

Gifts and grantsLn 1h$77K

Investment incomeLn 3$53K

Money outPt IX

$242K

Ln 25

Programscol B$125K

Managementcol C$117K

Owns and owesPt X

$982K

net assets · Ln 32

Cash and savingsLn 1–2$547K

Total assetsLn 16$982K

LiabilitiesLn 26$93

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$77K

Noncash giftsLn 1g$48K

Fundraising eventsLn 1c$400

Fees for servicesLn 2g$40K

Investment incomeLn 3$53K

Other incomeLn 4–11$80K

Gains on assetsLn 7$32K

Total revenueLn 12$250K

Assets in detailPt X, end of year

CashLn 1$74K

SavingsLn 2$473K

Cash and savings togetherLn 1–2$547K

Land, buildings, equipmentLn 10c$436K

Total assetsLn 16$982K

LiabilitiesLn 26$93

Net assetsLn 32$982K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6120

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$804K	$547K
Land, buildings, equipmentLn 10c	$170K	$436K
Total assetsLn 16	$974K	$982K
LiabilitiesLn 26	$90	$93
Net assetsLn 32	$974K	$982K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$13K	$13K
Management feesLn 11a	$72K	$0	$72K	$0
Accounting feesLn 11c	$4K	$0	$4K	$0
Other fees for servicesLn 11g	$11K	$9K	$3K	$0
Advertising and promotionLn 12	$4K	$0	$4K	$0
Office expensesLn 13	$4K	$4K	$873	$0
OccupancyLn 16	$16K	$14K	$2K	$0
TravelLn 17	$172	$0	$172	$0
Conferences, conventions and meetingsLn 19	$8K	$1K	$6K	$0
Depreciation, depletion and amortizationLn 22	$44K	$44K	$0	$0
InsuranceLn 23	$20K	$0	$20K	$0
Other expenses (24a–d)Ln 24	$43K	$39K	$4K	$0
All other expensesLn 24e	$1K	$633	$622	$0
Total functional expensesLn 25	$242K	$125K	$117K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$250K	$242K	$8K	$982K	990 PDF
FY2024	$320K	$310K	$10K	$974K	990 PDF
FY2023	$364K	$239K	$124K	$964K	990 PDF
FY2022	$468K	$168K	$300K	$840K	990 PDF
FY2021	$144K	$107K	$37K	$539K	990 PDF
FY2020	$91K	$117K	−$26K	$502K	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 FY2025 990 (6 parts)

Part I · Summary $249,945 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $115,664$76,523

I-9 Program service revenuePrior year $39,728$40,044

I-10 Investment incomePrior year $39,684$53,231

I-11 Other revenuePrior year $124,807$80,147

I-12 Total revenuePrior year $319,883$249,945

I-13 Grants and similar amounts paidPrior year $58,343$13,119

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $251,868$228,420

I-18 Total expensesPrior year $310,211$241,539

I-19 Revenue less expensesPrior year $9,672$8,406

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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 $249,945 across 10 lines filed

VIII-1c Fundraising events$400

VIII-1f All other contributions, gifts and grants$76,123

VIII-1g Noncash contributions (included above)$48,000

VIII-1h Total contributions, gifts and grants$76,523

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$40,044

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $21,501$21,501

VIII-6 Net rental income or lossRelated to mission $6,601$6,601

VIII-7 Net gain or loss on sales of assetsRelated to mission $31,730 · Unrelated business $0 · Excluded from tax $0$31,730

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $73,546$73,546

VIII-12 Total revenueRelated to mission $78,375 · Unrelated business $0 · Excluded from tax $95,047$249,945

Part IX · Statement of functional expenses $241,539 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $13,119$13,119

IX-11a Management feesPrograms $0 · Management $71,623 · Fundraising $0$71,623

IX-11c Accounting feesPrograms $0 · Management $3,805 · Fundraising $0$3,805

IX-11g Other fees for servicesPrograms $8,868 · Management $2,630 · Fundraising $0$11,498

IX-12 Advertising and promotionPrograms $0 · Management $4,108 · Fundraising $0$4,108

IX-13 Office expensesPrograms $3,506 · Management $873 · Fundraising $0$4,379

IX-16 OccupancyPrograms $13,927 · Management $2,471 · Fundraising $0$16,398

IX-17 TravelPrograms $0 · Management $172 · Fundraising $0$172

IX-19 Conferences, conventions and meetingsPrograms $1,460 · Management $6,266 · Fundraising $0$7,726

IX-22 Depreciation, depletion and amortizationPrograms $44,209 · Management $0 · Fundraising $0$44,209

IX-23 InsurancePrograms $0 · Management $19,863 · Fundraising $0$19,863

IX-24 Other expenses (24a–d)Programs $39,156 · Management $4,228 · Fundraising $0$43,384

IX-24e All other expensesPrograms $633 · Management $622 · Fundraising $0$1,255

IX-25 Total functional expensesPrograms $124,878 · Management $116,661 · Fundraising $0$241,539

Part X · Balance sheet $982,164 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $127,611$73,608

X-2 Savings and temporary cash investmentsStart of year $676,544$472,901

X-10c Land, buildings and equipment, netStart of year $169,600$435,655

X-16 Total assetsStart of year $973,755$982,164

X-17 Accounts payable and accrued expensesStart of year $90$93

X-26 Total liabilitiesStart of year $90$93

X-32 Total net assets or fund balancesStart of year $973,665$982,071

X-33 Total liabilities and net assetsStart of year $973,755$982,164

Part XI · Reconciliation of net assets $982,071 net assets at year end

XI-1 Total revenue$249,945

XI-2 Total expenses$241,539

XI-3 Revenue less expenses$8,406

XI-4 Net assets at start of year$973,665

XI-10 Net assets at end of year$982,071

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Pyc Satori Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Pyc Satori Foundation INC

Outreach Sails

Marine & Environmental Science Outreach Trips

Annual Fishing Rodeo

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV