Lynch Family Foundation
- Assets
- $1.6m
- Revenue
- $583.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Prospect Heights, IL
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 36-4482217
Organization Overview
Lynch Family Foundation is located in Prospect Heights, IL. The organization was established in 2003. 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. Lynch Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Lynch Family Foundation has awarded 66 individual grants totaling $881,000. 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 |
|---|---|---|---|
William T Lynch Director | 1 | $0 | |
Kelly M Johnson Director | 1 | $0 | |
Maureen P Mueller Director | 1 | $0 | |
Kimberly A O'grady Director | 1 | $0 | |
Meagan L Messer Director | 1 | $0 | |
Molly C Leonard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $329,043 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $221,696 |
| Capital Gain Net Income | $221,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $583,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $20,736 |
| Contributions, gifts, grants paid | $215,000 |
| Total expenses and disbursements | $235,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,561,190 |
| 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, Lynch Family Foundation has awarded $215,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SHOULDERS FUND PURPOSE: ALL CONTRIBUTIONS ARE MADE TO FURTHER THE CHARITABLE PURPOSES OF THE | $72,000 |
LORAS COLLEGE PURPOSE: RECIPIENT ORGANIZATIONS. | $50,000 |
LOYOLA UNIVERSITY PURPOSE: SEE ABOVE | $5,000 |
MERCY HOME FOR BOYS & GIRLS PURPOSE: SEE ABOVE | $21,000 |
MIDWEST CHILDREN'S BRAIN TUMOR CENTER PURPOSE: SEE ABOVE | $20,000 |
PARTNERS FOR PROGRESS PURPOSE: SEE ABOVE | $6,000 |