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Education : Scholarship and Financial Support (Fundraising)

The Lyford Cay Foundation

Your Dreams. Our Mission.

three stars

85.41

521 Fifth Avenue, 10th Floor New York, NY 10175
tel: (212) 682-0020   Web Site
EIN: 23-7025275

Board Leadership
Basil P. Goulandris
Chairman

CEO
Maureen French
Managing Director

  Score
(out of 100)
Rating
Overall Score & Rating 85.41 three stars
  Financial 83.22 three stars
  Accountability & Transparency 88.00 three stars
This rating was published 12/21/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

three stars

83.22

Accountability & Transparency

three stars

88.00

This rating was published 12/21/2016 and includes data from FY2014, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
78.8%
  Administrative Expenses 15.6%
  Fundraising Expenses 5.4%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 9.75
  Program Expenses Growth -7.5%
  Liabilities to Assets 1.3%
All data for Financial Performance Metrics calculations was provided by The Lyford Cay Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Lyford Cay Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Lyford Cay Foundation (NY) 85.41 three stars
Woodrow Wilson National Fellowship Foundation (NJ) 92.17 four stars
The Posse Foundation (NY) 91.52 four stars
Marine Corps Scholarship Foundation (VA) 85.05 three stars
Thanks USA (VA) 88.30 three stars

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The Lyford Cay Foundation (along with the Canadian Lyford Cay Foundation) was created to enhance and enrich The Bahamas and the lives of its people. To this end, we direct our resources into two principal areas: Increasing the availability of higher education and technical training for Bahamians, supporting local non-profit groups through financial contributions and volunteer initiatives. We have also helped secure almost $13 million in scholarship awards for Bahamian students from the colleges and universities they are attending.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,044,035
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $50,000
   Government Grants $140,000
Total Contributions $3,234,035
   Program Service Revenue $0
Total Primary Revenue $3,234,035
   Other Revenue $704,529
TOTAL REVENUE $3,938,564
   
EXPENSES  
   Program Expenses $1,884,202
   Administrative Expenses $374,877
   Fundraising Expenses $177,899
TOTAL FUNCTIONAL EXPENSES $2,436,978
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,501,586
   
Net Assets $23,894,456

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships for Students $837,210 44.4%
Grants to Nonprofits $562,409 29.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2014-12 12/21/2016 85.41 three stars
2013-12 06/01/2016 89.08 three stars
 
CN 2.0
2013-12 07/01/2015 84.70 three stars
2012-12 04/01/2014 85.10 three stars
2011-12 03/01/2013 88.75 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7025275
Name in IRS Master File LYFORD CAY FOUNDATION INC
NTEE Code T90
NTEE Classification Named Trusts/Foundations N.E.C.
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2013
  • December, 2012
  • December, 2011
  • December, 2010
  • December, 2009

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
None reported -- This organization did not report a CEO

The Lyford Cay Foundation (along with the Canadian Lyford Cay Foundation) was created to enhance and enrich The Bahamas and the lives of its people. To this end, we direct our resources into two principal areas: Increasing the availability of higher education and technical training for Bahamians, supporting local non-profit groups through financial contributions and volunteer initiatives. We have also helped secure almost $13 million in scholarship awards for Bahamian students from the colleges and universities they are attending.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Lyford Cay Foundation (NY) 85.41 three stars
Extra Mile Education Foundation (PA) 85.91 three stars
Thurgood Marshall College Fund (DC) 94.69 four stars
ACE Scholarships (CO) 97.19 four stars
Evans Scholars Foundation (IL) 87.16 three stars

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Charity Contact Info

The Lyford Cay Foundation
521 Fifth Avenue, 10th Floor
New York, NY 10175
tel: (212) 682-0020
fax: (212) 682-9380
EIN: 23-7025275

Visit Web Site

Board Leadership

Basil P. Goulandris
Chairman

CEO

Maureen French
Managing Director

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