Lyndonville Area Foundation Inc
- Assets
- $2.6m
- Revenue
- $320.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Lyndonville, NY
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 16-6073941
Organization Overview
Lyndonville Area Foundation Inc is located in Lyndonville, NY. The organization was established in 1967. According to its NTEE Classification (T31) the organization is classified as: Community 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. Lyndonville Area Foundation Inc 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, Lyndonville Area Foundation Inc generated $320.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $168.2k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 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, Lyndonville Area Foundation Inc has awarded 176 individual grants totaling $918,835. 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 |
|---|---|---|---|
Russ Martino Treasurer | 1 | $0 | |
Darren Wilson President | 1 | $0 | |
Ed Urbanik Director | 0.25 | $0 | |
Rita C Wolfe Vice President | 0.25 | $0 | |
David Cook Director | 0.25 | $0 | |
John Belson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,515 |
| Interest on Savings | $374 |
| Dividends & Interest | $42,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $192,119 |
| Capital Gain Net Income | $192,119 |
| Net ST Capital Gain | $15,101 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,953 |
| Total Revenue | $320,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $608 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $635 |
| Total operating and administrative expenses | $16,408 |
| Contributions, gifts, grants paid | $151,770 |
| Total expenses and disbursements | $168,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,045 |
| Savings and temporary cash investments | $30,295 |
| 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 | $1,706,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,617,281 |
| 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 | $2,472 |
| Total liabilities | $2,472 |
Grants Awarded
Over the last fiscal year, Lyndonville Area Foundation Inc has awarded $151,770 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Medina, NY PURPOSE: EQUIPMENT | $40,000 |
Lyndonville, NY PURPOSE: CONSTRUCTION GRANT | $30,000 |
LYNDONVILLE LIONS CLUB PURPOSE: 4TH OF JULY FIREWORKS | $10,500 |
TOWN OF YATES PURPOSE: SUMMER RECREATION PROGRAM | $8,500 |
WREATHS ACROSS AMERICA PURPOSE: CHRISTMAS WREATHS | $6,570 |
FAITH CHAFFEE PURPOSE: JP GRACEY SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |