David B Lynch Foundation
- Assets
- $4.4m
- Revenue
- $191.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2004
- Data as of
- 09/2023
- EIN
- 20-0458302
Organization Overview
David B Lynch Foundation is located in Wilmington, DE. The organization was established in 2004. 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. David B 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 09/2023, David B Lynch Foundation generated $191.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $276.0k during the year ending 09/2023. While expenses have increased by 2.3% 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 2017, David B Lynch Foundation has awarded 90 individual grants totaling $1,331,356. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brown Brothers Harriman Tr Co Of DE Trustee | 1 | $24,967 | |
Ms Linda H Lynch Trustee | 1 | $0 | |
Mrs Ernestine L Friertz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,499 |
| Capital Gain Net Income | $67,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80 |
| Total Revenue | $191,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,967 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $41,954 |
| Contributions, gifts, grants paid | $234,000 |
| Total expenses and disbursements | $275,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $274,579 |
| 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 | $3,039,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,441,658 |
| 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, David B Lynch Foundation has awarded $234,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTOPHER AND DANA REEVE FOUNDATI PURPOSE: RESEARCH | $5,000 |
ROBERT PACKARD CENTER FOR ALS PURPOSE: GENERAL PURPOSE | $5,000 |
PHILLIPS EXETER ACADEMY PURPOSE: GENERAL PURPOSE | $10,000 |
IDF LIFE FOR A CHILD (USA) INC PURPOSE: GENERAL PURPOSE | $5,000 |
UNIVERSITY OF RICHMOND CHARITABLE GRANT PURPOSE: GENERAL PURPOSE | $75,000 |
NOBLE & GREENOUGH SCHOOL PURPOSE: GENERAL PURPOSE | $5,000 |