Lynch Foundation Inc
- Assets
- $2.0m
- Revenue
- $339.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Star City, WV
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 55-0737351
Organization Overview
Lynch Foundation Inc is located in Star City, WV. The organization was established in 1995. 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 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, Lynch Foundation Inc generated $339.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $145.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lynch Foundation Inc has awarded 347 individual grants totaling $1,024,174. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Lynch President | 1 | $0 | |
Robert E Lynch Jr Vice President/treasurer | 1 | $0 | |
William R Borchert Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $479 |
| Dividends & Interest | $46,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,082 |
| Capital Gain Net Income | $292,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,101 |
| Total operating and administrative expenses | $34,529 |
| Contributions, gifts, grants paid | $110,500 |
| Total expenses and disbursements | $145,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,829 |
| 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 | $1,892,179 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,983,008 |
| 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 Foundation Inc has awarded $110,500 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S RC CHURCH PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $12,400 |
WESTOVER UNITED METHODIST CHURCH PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $11,200 |
Morgantown, WV PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $10,000 |
ST FRANCIS GRADE SCHOOL PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $10,000 |
Morgantown, WV PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $8,000 |
WVU COLLEGE OF B & E PURPOSE: CONTRIBUTION FOR CHARITABLE PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |