Ronald P & Susan E Lynch Foundation
- Assets
- $24.0m
- Revenue
- $2.1m
- Investments
- $23.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 13-6863977
Organization Overview
Ronald P & Susan E Lynch Foundation is located in New York, NY. The organization was established in 1987. 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. Ronald P & Susan E 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 12/2022, Ronald P & Susan E Lynch Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ronald P & Susan E Lynch Foundation has awarded 99 individual grants totaling $3,469,809. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan E Lynch Trustee | 0 | $0 | |
Charles R Lynch Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $358 |
| Dividends & Interest | $566,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $527,317 |
| Capital Gain Net Income | $527,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,094,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $415 |
| Total operating and administrative expenses | $19,834 |
| Contributions, gifts, grants paid | $1,032,609 |
| Total expenses and disbursements | $1,052,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,627 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,391,700 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,983,327 |
| 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, Ronald P & Susan E Lynch Foundation has awarded $1,032,609 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM J LEWIS ACADEMY PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $10,000 |
BAY AREA DISCOVERY MUSEUM PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $5,000 |
BRUNSWICK SCHOOL PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $5,000 |
CONNECTICUT COLLEGE PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $180,000 |
CORNELL UNIVERSITY PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $293,209 |
CONVENT AND STUART HALL PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $40,000 |