Lynx Educational Foundation
- Assets
- $220.4k
- Revenue
- $608.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Newmarket, NH
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 04-3712260
Organization Overview
Lynx Educational Foundation is located in Newmarket, NH. The organization was established in 2004. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lynx Educational Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynx Educational 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 06/2022, Lynx Educational Foundation generated $608.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $416.2k during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - EDUCATIONAL PROGRAMS TO RECREATE THE LIFE AND EVIRONMENT OF 1812 PRIVATEERS ABOARD A SCHOONER SAILING VESSEL LYNX VIA DOCKSIDE TOURS, DAY SAILS, AND A VARIETY OF SAILING ADVENTURES WITH STUDENTS AND OTHER INTERESTED GROUPS. THOUSANDS OF PEOPLE TOUR THE SHIP ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William White Vice Preside | OfficerTrustee | $0 | |
Donald Grant Sec/treasure | OfficerTrustee | $0 | |
Donald Peacock Chairman/pre | OfficerTrustee | $0 | |
John Foster Director | Trustee | $0 | |
Chad Ellard Director | Trustee | $0 | |
Giles T Hertz Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,723 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,258 |
| Compensation of current officers, directors, key employees. | $8,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,022 |
| Office expenses | $1,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,290 |
| Travel | $9,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,500 |
| Insurance | $22,502 |
| All other expenses | $35,607 |
| Total functional expenses | $416,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $156,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,437 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $478,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,672 |
| Total liabilities | $696,826 |
| Net assets without donor restrictions | -$476,389 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $220,437 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lynx Educational Foundation has recieved totaling $50,700.
| Awarding Organization | Amount |
|---|---|
Kookaburra Foundation Wilmington, DE PURPOSE: GENERAL OPERATIONS | $28,700 |
Whitehall Foundation Inc Pittsford, NY PURPOSE: GENERAL SUPPPORT | $21,000 |
George And Marie Chabot Charitable Foundation Siasconset, MA PURPOSE: TO FUND CONTINUING EDUCATION PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynx Educational Foundation Newmarket, NH | $220,437 | $608,723 |
Boston 4 Celebrations Foundation Inc Boston, MA | $3,479,513 | $3,413,713 |
Armenian Heritage Tribute And Genocide Memorial Foundation Inc Watertown, MA | $3,853,004 | $214,487 |
July Four Plymouth Inc Plymouth, MA | $107,201 | $0 |
Virginia Project Inc Bath, ME | $1,285,068 | $211,663 |
Massachusetts Law Enforcement East Longmeadow, MA | $608,961 | $20,045 |
Bpw-Bcec Inc Pittsfield, MA | $14,009 | $0 |
Uss Vermont Support Group Inc Montpelier, VT | $104,849 | $0 |
Winslow Family Fourth Of July Committee Winslow, ME | $3,308 | $0 |
Halee Lyn Cummings Memorial Race Sidney, ME | $0 | $28,546 |
Voices Against Injustice Inc Salem, MA | $45,479 | $0 |
Hallowell Centennial Burial Ground Assn Inc Hallowell, ME | $809,584 | $194,001 |