Civic Intelligence

Lynx Educational Foundation Inc

990 • Fiscal year 2023 • EIN 04-3712260

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 15, 2023

22 Maple StreetNewmarket, NH 03857

(978) 479-2197

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

3.39x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

1.81x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

35th percentile

-3.7%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$15,823

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-6.9%

Faster asset growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-37%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$205,130

Down $15,307 (-6.9%) from 2022

Net Assets

Down

-$490,583

Down $14,194 (-3.0%) from 2022

Liabilities

Down

$695,713

Down $1,113 (-0.2%) from 2022

Revenue

Down

$385,214

Down $223,509 (-37%) from 2022

Expenses

Down

$399,408

Down $16,793 (-4.0%) from 2022

Net Income

Down

-$14,194

Down $206,716 (-107%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2012: $1,528,765Liabilities 2012: $105,151Net Assets 2012: $1,423,6142012Assets 2013: $1,523,609Liabilities 2013: $205,399Net Assets 2013: $1,318,2102013Assets 2014: $1,420,723Liabilities 2014: $421,883Net Assets 2014: $998,8402014Assets 2015: $149,400Liabilities 2015: $0Net Assets 2015: $149,4002015Assets 2016: $47,509Liabilities 2016: $0Net Assets 2016: $47,5092016Assets 2017: $277,645Liabilities 2017: $529,191Net Assets 2017: -$251,5462017Assets 2018: $251,454Liabilities 2018: $495,615Net Assets 2018: -$244,1612018Assets 2019: $231,250Liabilities 2019: $475,615Net Assets 2019: -$244,3652019Assets 2020: $199,041Liabilities 2020: $742,843Net Assets 2020: -$543,8022020Assets 2021: $180,848Liabilities 2021: $849,759Net Assets 2021: -$668,9112021Assets 2022: $220,437Liabilities 2022: $696,826Net Assets 2022: -$476,3892022Assets 2023: $205,130Liabilities 2023: $695,713Net Assets 2023: -$490,5832023Assets 2024: $211,888Liabilities 2024: $687,616Net Assets 2024: -$475,7282024Assets 2025: $207,687Liabilities 2025: $667,662Net Assets 2025: -$459,9752025

Highlighted filing

2023

Assets$205,130
Liabilities$695,713
Net Assets-$490,583

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $557,442Expenses 2012: $615,205Net Income 2012: -$57,7632012Revenue 2013: $592,425Expenses 2013: $704,987Net Income 2013: -$112,5622013Revenue 2014: $365,722Expenses 2014: $685,092Net Income 2014: -$319,3702014Revenue 2015: $414,844Expenses 2015: $339,975Net Income 2015: $74,8692015Revenue 2016: $330,825Expenses 2016: $312,718Net Income 2016: $18,1072016Revenue 2017: $172,621Expenses 2017: $471,676Net Income 2017: -$299,0552017Revenue 2018: $139,374Expenses 2018: $131,989Net Income 2018: $7,3852018Revenue 2019: $133,896Expenses 2019: $134,100Net Income 2019: -$2042019Revenue 2020: $235,193Expenses 2020: $534,630Net Income 2020: -$299,4372020Revenue 2021: $243,897Expenses 2021: $369,006Net Income 2021: -$125,1092021Revenue 2022: $608,723Expenses 2022: $416,201Net Income 2022: $192,5222022Revenue 2023: $385,214Expenses 2023: $399,408Net Income 2023: -$14,1942023Revenue 2024: $457,536Expenses 2024: $442,681Net Income 2024: $14,8552024Revenue 2025: $464,204Expenses 2025: $448,451Net Income 2025: $15,7532025

Highlighted filing

2023

Revenue$385,214
Expenses$399,408
Net Income-$14,194
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 15, 2023
Return Version
2022v5.0
Gross Receipts
$385,214
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$156,750$140,250▼ $16,500
Inventories for Sale or Use$48,000$46,623▼ $1,377
Accounts Receivable$10,000$16,000▲ $6,000
Cash and Non-Interest-Bearing Accounts$5,687$2,257▼ $3,430
Total Assets$220,437$205,130▼ $15,307
Liabilities
Mortgage Notes Payable Secured by Investment Property$478,154$471,920▼ $6,234
Other Liabilities$218,672$223,793▲ $5,121
Total Liabilities$696,826$695,713▼ $1,113
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-476,389$-490,583▼ $14,194
Total Net Assets Fund Balance$-476,389$-490,583▼ $14,194
Total Liabilities and Net Assets / Fund Balance$220,437$205,130▼ $15,307

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$140,250$354,750$495,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Donald E PeacockChairmanpresident$15,823$15,823
Revenue and Support

Revenue Composition

Contributions and Grants
$385,214
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$385,214
Change in Net Assets
$-14,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,538
Salaries, Compensation, and Employee Benefits$137,870
Total Fundraising Expense$7,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,039--$111,039
Occupancy$49,843--$49,843
All Other Expenses$39,984$5,180$1,072$46,236
Other Expenses$36,028$4,503$4,504$45,035
Insurance$24,215--$24,215
Interest-$23,766-$23,766
Depreciation Depletion$16,500--$16,500
Current Officers, Directors, Trustees, and Key Employees$12,658$3,165-$15,823
Travel$2,306$13,065-$15,371
Payroll Taxes$11,008--$11,008
Fees for Services Accounting-$4,500-$4,500
Advertising$1,553$2,883-$4,436
Office Expenses$455$1,911-$2,366
Total Functional Expenses$331,859$60,473$7,076$399,408
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable Peacock$222,193
Charter Deposit$1,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Prior to filing form 990, a draft is presented to the chairman for review.

CEO executive director top management comp Part VI line 15A

AGREED UPON BY BOARD.

Governing documents etc available to public Part VI line 19

Governing documents and limited financial data are available to the general public on request. The form 990 is available from the irs and other limited financial data from the state of californias attorney general website.

Filing and Contact Details

Filer

Filer Name
Lynx Educational Foundation Inc
EIN
04-3712260
Address
22 MAPLE STREET, NEWMARKET, NH 03857

Signing Officer

Name
Donald E Peacock
Title
Chairmanpresid
Phone
9784792197
Signed
2023-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald E Peacock
Formed
2001
Legal Domicile
Nh
Voting Board Members
3
Independent Board Members
3
Employees
3

Preparer

Firm
M Jeffrey Martin CPA LLC
Address
2483 DEMERE ROAD 204, Saint Simons Island, GA 31522
Preparer
M Jeffrey Martin CPA
Phone
9126347722
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

1. cost of goods sold2. fuel expense3. crew meals4. bank fees5. storage rental6. supplies7. miscellaneous8. postage & maintenance9. utlities

General explanation attachment

The specific purpose of this organiztion is to provide and support various eductional programs which teach and preserve the seafaring traditions of early american history. The organization uses the 122 foot american privateer schooner lynx, a tall ship of the usa. The mission states that it is an educational organization, dedicated to hands-on educational programs that teach the history of americas struggle to preserve its independence. The maritime challenges during the war of 1812 are taught aboard the american privateer schooner lynx utilinzing a comprehensive, interactive program designed to enrich personal achievement through teamwork and the discipline of sail training.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING FORM 990, A DRAFT IS PRESENTED TO THE CHAIRMAN FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AGREED UPON BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND LIMITED FINANCIAL DATA ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. THE FORM 990 IS AVAILABLE FROM THE IRS AND OTHER LIMITED FINANCIAL DATA FROM THE STATE OF CALIFORNIAS ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31. cost of goods sold2. fuel expense3. crew meals4. bank fees5. storage rental6. supplies7. miscellaneous8. postage & maintenance9. utlities
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SPECIFIC PURPOSE OF THIS ORGANIZTION IS TO PROVIDE AND SUPPORT VARIOUS EDUCTIONAL PROGRAMS WHICH TEACH AND PRESERVE THE SEAFARING TRADITIONS OF EARLY AMERICAN HISTORY. THE ORGANIZATION USES THE 122 FOOT AMERICAN PRIVATEER SCHOONER LYNX, A TALL SHIP OF THE USA. THE MISSION STATES THAT IT IS AN EDUCATIONAL ORGANIZATION, DEDICATED TO HANDS-ON EDUCATIONAL PROGRAMS THAT TEACH THE HISTORY OF AMERICAS STRUGGLE TO PRESERVE ITS INDEPENDENCE. THE MARITIME CHALLENGES DURING THE WAR OF 1812 ARE TAUGHT ABOARD THE AMERICAN PRIVATEER SCHOONER LYNX UTILINZING A COMPREHENSIVE, INTERACTIVE PROGRAM DESIGNED TO ENRICH PERSONAL ACHIEVEMENT THROUGH TEAMWORK AND THE DISCIPLINE OF SAIL TRAINING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0220437
IRS990/TotalAssetsEOYAmt0205130
IRS990/TotalAssetsGrp/BOYAmt0220437
IRS990/TotalAssetsGrp/EOYAmt0205130
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0385214
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07076
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060473
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331859
IRS990/TotalFunctionalExpensesGrp/TotalAmt0399408
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0696826
IRS990/TotalLiabilitiesEOYAmt0695713
IRS990/TotalLiabilitiesGrp/BOYAmt0696826
IRS990/TotalLiabilitiesGrp/EOYAmt0695713
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-476389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-490583
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0331859
IRS990/TotalReportableCompFromOrgAmt015823
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0385214
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0220437
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0205130
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt013065
IRS990/TravelGrp/ProgramServicesAmt02306
IRS990/TravelGrp/TotalAmt015371
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt022 MAPLE STREET
IRS990/USAddress/CityNm0NEWMARKET
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003857
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TALLSHIPLYNX.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD E PEACOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMANPRESID
ReturnHeader/BusinessOfficerGrp/PhoneNum09784792197
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYNX EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LYNX
ReturnHeader/Filer/EIN0043712260
ReturnHeader/Filer/USAddress/AddressLine1Txt022 MAPLE STREET
ReturnHeader/Filer/USAddress/CityNm0NEWMARKET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd003857
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261661315
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M JEFFREY MARTIN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02483 DEMERE ROAD 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Simons Island
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd031522
ReturnHeader/PreparerPersonGrp/PhoneNum09126347722
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M JEFFREY MARTIN CPA
ReturnHeader/ReturnTs02023-09-15T13:28:24-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DONALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PEACOCK
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.21$0.67$0.46$0.46$0.45$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.21$0.69$0.48$0.46$0.44$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.70$0.49$0.39$0.40$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.70$0.48$0.61$0.42$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.85$0.67$0.24$0.37$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.74$0.54$0.24$0.53$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.48$0.24$0.13$0.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.50$0.24$0.14$0.13$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.53$0.25$0.17$0.47$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.33$0.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.41$0.34$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.42$1.00$0.37$0.69$0.32
2013Summary only. Only limited summary data is available for this year.$1.52$0.21$1.32$0.59$0.70$0.11
2012Summary only. Only limited summary data is available for this year.$1.53$0.11$1.42$0.56$0.62$0.06