Lynden Memorial Scholarship Fund
- Assets
- $273.4k
- Revenue
- $20.0k
- Investments
- $269.8k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 91-1684708
Organization Overview
Lynden Memorial Scholarship Fund is located in Seattle, WA. The organization was established in 1996. 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. Lynden Memorial Scholarship Fund 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, Lynden Memorial Scholarship Fund generated $20.0k 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 (33.6%) each year. All expenses for the organization totaled $46.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lynden Memorial Scholarship Fund has awarded 40 individual grants totaling $103,000. 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
TO FINANCE SCHOLARSHIPS AND OTHER FORMS OF STUDENT ASSISTANCE FOR CHILDREN AND GRANDCHILDREN OF EMPLOYEES OF LYNDEN INCORPORATED AND AFFILIATED COMPANIES. IN 2022 SIXTEEN SCHOLARSHIPS WERE GRANTED TO AID SUPPORT AND ASSIST BY GIFTS CONTRIBUTIONS OR OTHERWISE OTHER CORPORATIONS COMMUNITY CHESTS FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR AN EDUCATIONAL SCIENTIFIC OR CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne E Bauer President | 1 | $0 | |
Stacey Sunderland Assistant Treasurer | 1 | $0 | |
Tesia Walker Assistant Treasurer | 1 | $0 | |
Everett H Billingslea Secretary | 1 | $0 | |
Marian Luther Sr Assistant Secretary | 1 | $0 | |
Jim Beck Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,020 |
| Interest on Savings | $2 |
| Dividends & Interest | $5,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,397 |
| Capital Gain Net Income | $13,397 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,020 |
| Total operating and administrative expenses | $4,078 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $46,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907 |
| Savings and temporary cash investments | $2,686 |
| 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 | $269,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $273,376 |
| 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, Lynden Memorial Scholarship Fund has awarded $42,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
RACHEL NICHOLS PURPOSE: SCHOLARSHIP WEBER STATE UNIVERSITY | $3,000 |
BRIAHNA GERLACH PURPOSE: SCHOLARSHIP ABILENE CHRISTIAN UNIVERSITY | $3,000 |
SARA DILTZ PURPOSE: SCHOLARSHIP OAKLAND UNIVERSITY | $3,000 |
CADEN GERLACH PURPOSE: SCHOLARSHIP CALIFORNIA BAPTIST UNIVERSITY | $3,000 |
PARNIKA GODKHINDI PURPOSE: SCHOLARSHIP UNIVERSITY OF TOLEDO | $3,000 |
KSENIA GOTHAM PURPOSE: SCHOLARSHIP WESTERN WASHINGTON UNIVERSITY | $3,000 |