Lyndhurst Foundation Inc
- Assets
- $123.2m
- Revenue
- $2.7m
- Investments
- $117.7m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 06/1941
- Data as of
- 12/2023
- EIN
- 62-6044177
Organization Overview
Lyndhurst Foundation Inc is located in Chattanooga, TN. The organization was established in 1941. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Lyndhurst 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 12/2023, Lyndhurst Foundation Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lyndhurst Foundation Inc has awarded 477 individual grants totaling $31,357,214. 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 |
|---|---|---|---|
Tom White Chairman Of The Board | 2 | $0 | |
Dana B Perry Trustee, Secretary | 2 | $0 | |
Andrew Carroll Trustee | 2 | $7,000 | |
Melony Collins Trustee | 2 | $4,000 | |
Carter Newbold Trustee | 2 | $0 | |
Aaron Webb Trustee | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,093,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,860,016 |
| Capital Gain Net Income | $2,860,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,233,337 |
| Total Revenue | $2,720,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $329,160 |
| Other employee salaries and wages | $638,445 |
| Pension plans, employee benefits | $89,775 |
| Interest | $342 |
| Taxes | $37,948 |
| Depreciation | $43,680 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,717 |
| Printing and publications | $5,837 |
| Other expenses | $391,389 |
| Total operating and administrative expenses | $1,589,499 |
| Contributions, gifts, grants paid | $4,081,093 |
| Total expenses and disbursements | $5,670,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,626,732 |
| 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 | $117,697,142 |
| Net Land, buildings, and equipment | $433,498 |
| Other assets | $398,374 |
| Total assets | $123,155,746 |
| Accounts payable and accrued expenses | $2,167 |
| 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 | $2,167 |
Grants Awarded
Over the last fiscal year, Lyndhurst Foundation Inc has awarded $6,011,093 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION PURPOSE: EXPANDED SERVICES AND IMPROVED DATABASE CAPACITY | $75,000 |
A STEP AHEAD FOUNDATION PURPOSE: LH ASSOCIATES MATCHING PROGRAM | $2,000 |
AMERICAN CANCER SOCIETY - RELAY FOR LIFE PURPOSE: LH ASSOCIATES MATCHING PROGRAM | $1,611 |
ALZHEIMER'S ASSOCIATION PURPOSE: LH ASSOCIATES MATCHING PROGRAM | $200 |
ART 120 PURPOSE: LH ASSOCIATES MATCHING PROGRAM | $55 |
ART IS HERE INC PURPOSE: PERFORMING ARTS FEASIBILITY STUDY/BACK ALLEY GALLERIES IMPROVEMENT | $30,000 |