I Can Foundation EIN 86-3036723

I Can Foundation

EIN  86-3036723 Public charity (501(c)(3)) Weston, FL
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Size
<$100K
What they do
Empowers aged-out foster children and underprivileged youth through sailing programs.
Leadership
John Celmar · Secretary/Tr
Money in and out
$56K revenue, $63K expenses
Bottom line
92% program efficiency

Empowers aged-out foster children and underprivileged youth through sailing programs. For fiscal year 2025 it reported $56K in revenue, $63K in expenses, and $2K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$56K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -86% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -415% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$56K
FY2025▲ +4%
Expenses
$63K
FY2025▲ +22%
Total assets
$2K
FY2025▼ -81%
Total liabilities
$0
FY2025
Total revenue
$56K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$2K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

2 program services account for $58K of program spending, described in the organization's own filed words · FY2025.
01

Empower aged-out foster children and underpriviledged youth through sailing. Through our programs, sailing yacht wisdom and robin's tent, we provide young adults with the tools, confidence, and support to create any future tey can possibly imagine.

$58Kprogram expense
02

Robin's Tents

Feeding underpriveledged youth, services on a monthly basis, and serving over 100 kids per month.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CI Can Foundation
EINHdr · item D86-3036723
Principal addressHdr · item CWeston, FL
WebsiteHdr · item Jwww.i-can-foundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A

Sean Raymond Ives’s $35K as Secretary/Tr is at the 73rd percentile of top reported officer pay among 113 <$100K youth development 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

NameFY2022FY2021
Sean Raymond Ives$35,000$35,000

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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Statement of Revenue

Part VIII
Contributions & grants100%$56K
Total revenueLn 12$56K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$58K
Management & general8%$5K
Total functional expensesLn 25$63K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$2K
Total liabilitiesLn 26$0
Total net assetsLn 32$2K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $63K
0.3 months
Where the money goes
Program services
Program services $58K · Total expenses $63K
92%
Management & General
Management & general $5K · Total expenses $63K
8%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $56K · Total revenue $56K
100%
Government reliance
Government grants — · Total revenue $56K
Earned-income share
Program service revenue $0 · Total revenue $56K
0%
Investment reliance
Investment income $0 · Total revenue $56K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $63K
0%
Growth & trend
Revenue growth (YoY)
This year $56K · Prior year $54K
+4%
Revenue CAGR
FY2021 $2.1M · FY2025 $56K
-60%
Net-asset trend (YoY)
End of year $2K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $56K · Expenses $63K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $2K
Net-asset ratio
Net assets $2K · Total assets $2K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Celmar · Reported title SECRETARY/TR · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31K · Total expenses $63K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 4%
Legal fee ratio 6%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$56K revenue · viewing · ⤓ 990 PDF
FY2024$54K revenue · ⤓ 990 PDF
FY2023$15K revenue · ⤓ 990 PDF
FY2022$-53K revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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