Lyn P Meyerhoff Foundation Inc
- Assets
- $5.1m
- Revenue
- $728.2k
- Investments
- $4.4m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 52-1624876
Organization Overview
Lyn P Meyerhoff Foundation Inc is located in Baltimore, MD. The organization was established in 1990. 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 the central organization for a national or regional group of organizations. Lyn P Meyerhoff 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 12/2021, Lyn P Meyerhoff Foundation Inc generated $728.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $177.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lyn P Meyerhoff Foundation Inc has awarded 98 individual grants totaling $2,043,861. 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 |
|---|---|---|---|
Joseph Meyerhoff II President | 3 | $0 | |
Lee Hendler Vice President | 1 | $0 | |
Elizabeth Minkin Asst. Vice President | 5 | $10,432 | |
Terry M Rubenstein Treasurer | 1 | $688 | |
Phil Huber Asst. Treasurer | 1 | $0 | |
Jill M Hieronimus Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $174,909 |
| Capital Gain Net Income | $174,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $471,144 |
| Total Revenue | $728,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,496 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,713 |
| Interest | $1,286 |
| Taxes | $1,435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,556 |
| Total operating and administrative expenses | $74,301 |
| Contributions, gifts, grants paid | $103,066 |
| Total expenses and disbursements | $177,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $735,353 |
| Net Accounts receivable | $297 |
| 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 | $3,048,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,144,220 |
| 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, Lyn P Meyerhoff Foundation Inc has awarded $247,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND PHILANTHROPY NETWORK PURPOSE: GENERAL DONATION | $1,000 |
NATIONAL CENTER FOR FAMILY PHILANTHROPY INC PURPOSE: GENERAL DONATION | $1,000 |
PATTERSON PARK PUBLIC CHARTER SCHOOL PURPOSE: GENERAL DONATION | $25,000 |
PARK SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $100,000 |
TEACH FOR AMERICA-BALTIMORE PURPOSE: GENERAL DONATION | $20,000 |
PLANNED PARENTHOOD OF MARYLAND PURPOSE: GENERAL DONATION | $100,000 |