Paul Lynch Foundation
- Assets
- $1.6m
- Revenue
- $453.3k
- Investments
- $209.2k
- Employees
- 0
- Location
- New Castle, PA
- Founding
- 12/1998
- Data as of
- 12/2020
- EIN
- 25-6583550
Organization Overview
Paul Lynch Foundation is located in New Castle, PA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Lynch 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 12/2020, Paul Lynch Foundation generated $453.3k in total revenue. All expenses for the organization totaled $20.0k during the year ending 12/2020. While expenses have increased by 33.4% per year over the past 3 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGES
OTHER CHARTIES
COLLEGES
OTHER CHARTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lynch Trustee | 1 | $0 | |
Paul Lynch Trustee | 5 | $0 | |
Lauren Lynch Trustee | 1 | $0 | |
Jessica Cubellis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $446,725 |
| Interest on Savings | $6,137 |
| Dividends & Interest | $435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $3,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $13,344 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,344 |
| Contributions, gifts, grants paid | $6,658 |
| Total expenses and disbursements | $20,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609 |
| 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 | $208,177 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,430,862 |
| Other assets | $0 |
| Total assets | $1,640,673 |
| 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, Paul Lynch Foundation has awarded $13,316 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NYU PURPOSE: COLLEGE | $4,507 |
NYU PURPOSE: COLLEGE | $4,507 |
NEW VISIONS OF NEW CASTLE PURPOSE: PARKS AND RECREATION | $1,500 |
NEW VISIONS OF NEW CASTLE PURPOSE: PARKS AND RECREATION | $1,500 |
New Castle, PA PURPOSE: CHARITY | $411 |
New Castle, PA PURPOSE: CHARITY | $411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Hudson Valley Early Education Center Valhalla, NY | $6,537,521 | $8,697,326 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Csdc Property Corporation Hanover, MD | $98,381,398 | $10,915,076 |
Lehigh Valley Charter High School For The Arts Bethlehem, PA | $5,854,757 | $11,587,241 |
Potsdam Auxiliary & College Educational Services Inc Potsdam, NY | $4,868,988 | $9,108,311 |
Young Judaea Global Inc New York, NY | $6,685,322 | $8,298,645 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Robert Benjamin Wiley Community Charter School Erie, PA | $5,943,995 | $8,110,042 |
Northside Charter High School Brooklyn, NY | $6,329,922 | $7,435,284 |
Solutions Journalism Network Inc New York, NY | $14,817,664 | $5,853,972 |
Teaching Matters Inc New York, NY | $19,609,038 | $14,154,579 |