Lynch Foundation
- Assets
- $130.0m
- Revenue
- $6.2m
- Investments
- $120.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 04-3017940
Organization Overview
Lynch Foundation is located in Boston, MA. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 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, Lynch Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lynch Foundation has awarded 634 individual grants totaling $57,902,073. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter S Lynch President And Chairman | 1 | $0 | |
Richard Spillane Treasurer | 1 | $0 | |
Elizabeth DE Montrichard Secretary | 1 | $0 | |
Anne Lukowski Vice President | 1 | $0 | |
Ralph C Sweetland MD Trustee | 1 | $0 | |
Mary Witkowski Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vilms Consulting | 12/30/22 | $58,475 |
Building Impact | 12/30/22 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,015,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,196,254 |
| Capital Gain Net Income | $5,196,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,696 |
| Total Revenue | $6,237,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $543,000 |
| Other employee salaries and wages | $262,049 |
| Pension plans, employee benefits | $249,398 |
| Interest | $0 |
| Taxes | $135,769 |
| Depreciation | $0 |
| Occupancy | $72,000 |
| Travel, conferences, and meetings | $49,019 |
| Printing and publications | $0 |
| Other expenses | $93,774 |
| Total operating and administrative expenses | $2,266,968 |
| Contributions, gifts, grants paid | $7,723,164 |
| Total expenses and disbursements | $9,990,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,139,052 |
| Savings and temporary cash investments | $0 |
| 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 | $23,703 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,255,111 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,000 |
| Total assets | $130,010,432 |
| Accounts payable and accrued expenses | $142,436 |
| 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 | $188,779 |
| Total liabilities | $331,215 |
Grants Awarded
Over the last fiscal year, Lynch Foundation has awarded $7,723,164 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN IRELAND FUND PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AMERICAN FEDERATION FOR CHILDREN PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
ARCHDIOCESE OF BOSTON PURPOSE: CARDINAL'S APPEAL, CLERGY BENEFIT TRUST, CATHOLIC SCHOOLS SUPPORT | $360,000 |
BOSTON CELTICS SHAMROCK FOUNDATION PURPOSE: BOSTON CELTICS UNITED FOR SOCIAL JUSTICE INITIATIVE | $110,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: RESEARCH CENTER | $80,000 |
BOSTON CHILDREN'S MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |