Lyla M Lynch Tr
- Assets
- $940.3k
- Revenue
- $55.3k
- Investments
- $938.3k
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-6416083
Organization Overview
Lyla M Lynch Tr is located in Winterset, IA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyla M Lynch Tr 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, Lyla M Lynch Tr generated $55.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $68.8k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 5 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 2019, Lyla M Lynch Tr has awarded 15 individual grants totaling $264,000. 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 |
|---|---|---|---|
Farmers Merchants State Bank Trustee | 1 | $10,113 | |
Jerrold B Oliver Trustee | 1 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,165 |
| Dividends & Interest | $34,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,731 |
| Capital Gain Net Income | $7,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,363 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,645 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,758 |
| Contributions, gifts, grants paid | $56,000 |
| Total expenses and disbursements | $68,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,957 |
| 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 | $238,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $940,300 |
| 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, Lyla M Lynch Tr has awarded $56,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST CHARLES PARISH PURPOSE: MAINTENANCE & REPAIR | $14,000 |
ST CHARLES FIRE RESCUE PURPOSE: EQUIPMENT & MAINTENANCE | $14,000 |
INTERSTATE 35 SCHOOL DISTRICT PURPOSE: SCHOLARSHIPS | $28,000 |