Lyche Family Foundation Inc
- Assets
- $10.4m
- Revenue
- $443.1k
- Investments
- $10.1m
- Employees
- 0
- Location
- Onalaska, WI
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-2410775
Organization Overview
Lyche Family Foundation Inc is located in Onalaska, WI. The organization was established in 2008. 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. Lyche Family Foundation Inc 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, Lyche Family Foundation Inc generated $443.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $242.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lyche Family Foundation Inc has awarded 271 individual grants totaling $2,851,333. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lyche Officer | 1.5 | $0 | |
Eric J Lyche Officer | 1.5 | $0 | |
Adam Lyche Officer | 1.5 | $0 | |
Jill Kulig Officer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205 |
| Dividends & Interest | $264,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,678 |
| Capital Gain Net Income | $170,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,550 |
| Total Revenue | $443,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,845 |
| Total operating and administrative expenses | $48,415 |
| Contributions, gifts, grants paid | $194,430 |
| Total expenses and disbursements | $242,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,859 |
| Savings and temporary cash investments | $209,632 |
| 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 | $3,004,712 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,435,796 |
| 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, Lyche Family Foundation Inc has awarded $194,430 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AARP FOUNDATION PURPOSE: CHARITABLE | $100 |
ADULT AND TEEN CHALLENGE OF WESTERN WISCONSIN PURPOSE: CHARITABLE | $10,000 |
ALS FOUNDATION PURPOSE: CHARITABLE | $3,500 |
ALTOONA PUBLIC SCHOOLS PURPOSE: CHARITABLE | $100 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $50 |
APTIV PURPOSE: CHARITABLE | $25,000 |