Mary Lynn Richardson Fund
- Assets
- $6.1m
- Revenue
- $212.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1954
- Data as of
- 12/2021
- EIN
- 06-6025946
Organization Overview
Mary Lynn Richardson Fund is located in Greensboro, NC. The organization was established in 1954. 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. Mary Lynn Richardson 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 12/2021, Mary Lynn Richardson Fund generated $212.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $378.1k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 6 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, Mary Lynn Richardson Fund has awarded 277 individual grants totaling $2,259,670. 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 |
|---|---|---|---|
Betsy Boney Mead Trustee | 0.5 | $0 | |
Britt A Preyer Trustee | 0.5 | $0 | |
Patricia S Agnew Trustee | 0.5 | $0 | |
Matthew Lem Trustee | 0.5 | $0 | |
Anne H Wagoner Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $101 |
| Dividends & Interest | $7,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $632,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $204,528 |
| Total Revenue | $212,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,310 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,717 |
| Total operating and administrative expenses | $57,027 |
| Contributions, gifts, grants paid | $321,100 |
| Total expenses and disbursements | $378,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,578 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,056,610 |
| Total assets | $6,141,188 |
| 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, Mary Lynn Richardson Fund has awarded $369,262 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM SOCIETY OF NC INC PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $3,000 |
BARNABAS NETWORK PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $7,500 |
BON SAMARITAIN MISSION HAITI PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $25,000 |
COMMUNITY HOUSING SOLUTIONS OF GUILFORD PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $15,000 |
CHARLIE ROBINSON PRESCRIPTIONS PURPOSE: TO ASSIST INDIVIDUAL WITH MEDICAL EXPENSES. | $1,568 |
CHILD AID PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $10,000 |