The Geoffrey and Lynne Picard Family Foundation
- Assets
- $3.5m
- Revenue
- $251.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2016
- EIN
- 77-0472664
Organization Overview
The Geoffrey and Lynne Picard Family Foundation is located in Wilmington, DE.
For the year ending 12/2016, Geoffrey and Lynne Picard Family Foundation generated $251.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $248.0k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Picard Pres / Dir | 1 | $0 | |
Caroline Picard Dir / Sec | 1 | $0 | |
Peter Picard VP / Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $92,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,035 |
| Capital Gain Net Income | $159,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,318 |
| Total operating and administrative expenses | $68,025 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $248,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,516 |
| 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 | $175,169 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,540,230 |
| 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, The Geoffrey and Lynne Picard Family Foundation has awarded $180,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INSTITUTE OF MUSICAL STUDIES PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BEARGRASS WRITERS WORKSHOP PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BOB WOODRUFF FAMILY FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
EXPERIMENTAL SOUND STUDIO PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
GROTON SCHOOL PURPOSE: FUND FOR MIDDLE INCOME FAMILIES | $5,000 |
LATITUDE INC NFP PURPOSE: GENERAL & UNRESTRICTED | $5,000 |