Lynn P Demarco Charitable Foundation
- Assets
- $2.7m
- Revenue
- $375.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Springfield, NE
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 47-0836951
Organization Overview
Lynn P Demarco Charitable Foundation is located in Springfield, NE. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Lynn P Demarco Charitable 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 12/2022, Lynn P Demarco Charitable Foundation generated $375.4k 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 (18.9%) each year. All expenses for the organization totaled $161.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lynn P Demarco Charitable Foundation has awarded 254 individual grants totaling $3,408,025. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,723 |
| Interest on Savings | $13 |
| Dividends & Interest | $1,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $284,927 |
| Capital Gain Net Income | $284,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $10,046 |
| Contributions, gifts, grants paid | $151,488 |
| Total expenses and disbursements | $161,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,163 |
| 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 | $78,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,706,878 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | -$1,481,822 |
| 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 | -$1,481,822 |
Grants Awarded
Over the last fiscal year, Lynn P Demarco Charitable Foundation has awarded $475,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ANNUNCIATION CATHOLIC CHURCH PURPOSE: MINISTRY | $5,000 |
INCARNATE WORD CATHOLIC CHURCH PURPOSE: EDUCATION MINISTRY | $18,000 |
CURE OF ARS CATHOLIC CHURCH PURPOSE: MINISTRY | $30,000 |
BISHOP MIEGE HIGH SCHOOL PURPOSE: TUITION ASSISTANCE AND SCHOLARSHIP | $12,500 |
ARCHDIOCESE OF KANSAS CITY KANSAS PURPOSE: PRO-LIFE | $20,000 |
EAGLE FOUNDATION PURPOSE: MINISTRY | $10,000 |