Lynch Fam Charitable Foundation
- Assets
- $3.5m
- Revenue
- $117.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Hopkinton, NH
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 01-0561381
Organization Overview
Lynch Fam Charitable Foundation is located in Hopkinton, NH. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynch Fam Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lynch Fam Charitable Foundation generated $117.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $221.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lynch Fam Charitable Foundation has awarded 79 individual grants totaling $447,390. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,950 |
| Interest on Savings | $1,988 |
| Dividends & Interest | $45,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,937 |
| Capital Gain Net Income | $66,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168 |
| Total operating and administrative expenses | $36,788 |
| Contributions, gifts, grants paid | $184,190 |
| Total expenses and disbursements | $220,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,272 |
| Savings and temporary cash investments | $296,722 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,215 |
| Total assets | $3,503,638 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lynch Fam Charitable Foundation has awarded $184,190 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF PEDIATRICS PURPOSE: GENERAL OPERATING SUPPORT | $500 |
BOYS & GIRLS CLUB OF CONCORD PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOYS & GIRLS CLUB OF MANCHESTER PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
CAPITOL CENTER FOR THE ARTS PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
CHABAD OF SHREWSBURY AND UMASS MEDICAL SCHOOL INC (UMASS MEDICAL SCHOOL) PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
CURRIER MUSEUM OF ART PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |