William Lyster May Foundation
- Assets
- $29.5k
- Revenue
- $21.3k
- Investments
- $0.0
- Employees
- 0
- Location
- West Chester, PA
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 23-7862364
Organization Overview
William Lyster May Foundation is located in West Chester, PA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William Lyster May 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 12/2023, William Lyster May Foundation generated $21.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $18.3k during the year ending 12/2023. While expenses have increased by 43.5% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK TO DEVELOP A CULTURAL CAMPUS IN KENNETT SQUARE PA BECOMING ACTIVE IN 2025
DEVELOPMENT OF IMPROV PROGRAMMING TO OPERATE IN CHESTER CO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard May Trustee | 5 | $0 | |
Julie May Trustee | 5 | $0 | |
Name Not Listed Manager | 5 | $12,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,813 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $18,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,460 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $29,460 |
| 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, William Lyster May Foundation has awarded $9,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REVIVAL PRODUCTIONS PURPOSE: CHILDREN THEATER | $7,500 |
MOVEMENT COMMUNITY DEV CORP PURPOSE: YOUTH AWARDSYOUTH AWARDSYOUTH AWARDS | $1,500 |