Berneice U Lynn Foundation
- Assets
- $1.2m
- Revenue
- $98.9k
- Investments
- $146.3k
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 33-0555611
Organization Overview
Berneice U Lynn Foundation is located in Carlsbad, CA. The organization was established in 1994. 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. Berneice U Lynn 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, Berneice U Lynn Foundation generated $98.9k 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 (5.3%) each year. All expenses for the organization totaled $185.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Berneice U Lynn Foundation has awarded 114 individual grants totaling $173,942. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO STUDENTS AT A VARIETY OF UNIVERSITIES AND COLLEGES. MONIES ARE PAID DIRECTLY TO SCHOOLS FOR THE BENEFIT OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly R Perdue Trustee | 5 | $38,992 | |
Bruce Ebmeyer Director | 0.25 | $1,250 | |
Joseph Andreasen Director | 0.25 | $1,250 | |
Donald L Bigler Director | 0.25 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $0 |
| Net Rental Income | $13,616 |
| 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 | $98,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,742 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,623 |
| Taxes | $1,412 |
| Depreciation | $38,410 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $116 |
| Other expenses | $61,979 |
| Total operating and administrative expenses | $166,372 |
| Contributions, gifts, grants paid | $18,692 |
| Total expenses and disbursements | $185,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,627 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | -$7,813 |
| 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 | $1,011,184 |
| Other assets | $0 |
| Total assets | $1,158,314 |
| Accounts payable and accrued expenses | $44,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $538,711 |
| Other liabilities | $0 |
| Total liabilities | $582,962 |
Grants Awarded
Over the last fiscal year, Berneice U Lynn Foundation has awarded $18,692 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA IRVINE PURPOSE: SCHOLARSHIP | $3,484 |
CAL STATE SAN BERNARDINO PURPOSE: SCHOLARSHIPS | $4,355 |
VICTOR VALLEY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $1,139 |
UNIVERSITY OF REDLANDS PURPOSE: SCHOLARSHIPS | $938 |
EMBRY-RIDDLE PURPOSE: SCHOLARSHIPS | $1,072 |
NORTHERN ARIZONA UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,942 |