Marcel K Lynum Trust
- Assets
- $3.4m
- Revenue
- $215.2k
- Investments
- $3.3m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/1992
- Data as of
- 05/2024
- EIN
- 41-6245472
Organization Overview
Marcel K Lynum Trust is located in Las Vegas, NV. The organization was established in 1992. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Marcel K Lynum Trust 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 05/2024, Marcel K Lynum Trust generated $215.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $337.4k during the year ending 05/2024. While expenses have increased by 3.0% per year over the past 6 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.
Since 2019, Marcel K Lynum Trust has awarded 12 individual grants totaling $1,533,992. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,300 |
| Capital Gain Net Income | $88,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,724 |
| Total Revenue | $215,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,339 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $60,826 |
| Contributions, gifts, grants paid | $276,552 |
| Total expenses and disbursements | $337,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,559 |
| 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 | $2,338,807 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,386,467 |
| 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, Marcel K Lynum Trust has awarded $276,552 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WI RIVER FALLS FDN INC PURPOSE: GENERAL OPERATING | $138,276 |
MAYO CLINIC PURPOSE: GENERAL OPERATING | $138,276 |