George B Lindsay Foundation
- Assets
- $2.1m
- Revenue
- $78.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Media, PA
- Founding
- 10/1937
- Data as of
- 12/2021
- EIN
- 23-1365156
Organization Overview
George B Lindsay Foundation is located in Media, PA. The organization was established in 1937. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George B Lindsay 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 12/2021, George B Lindsay Foundation generated $78.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $60.8k during the year ending 12/2021. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS AND INITIATIVES WHICH BENEFIT THE DELAWARE COUNTY BAR ASSOCIATION AND ITS PROVISION OF SERVICES TO ITS MEMBERS AND THE JUDICIAL SYSTEM IN DELAWARE COUNTY, PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOARD ANNUALLY APPROVES PAYMENT TO JENKINS LAW LIBRARY IN PHILADELPHIA, PA TO PROVIDE ON-LINE LIBRARY SERVICES TO ATTORNEYS, WHO PRACTICE LAW IN THE CITY OF CHESTER, PA. THIS PROGRAM IS ADMINISTERED BY THE DELAWARE COUNTY BAR ASSOCIATION. BECAUSE OF COVID, NO PAYMENT WAS MADE IN 2020; HOWEVER, A PAYMENT OF 1,435 WAS MADE IN EARLY 2021. IN ADDITION, A SECOND PAYMENT OF 1,435 WAS MADE AT THE END OF 2021.
DURING THE YEAR, THE BOARD APPROVED THE FOLLOWING GRANTS: 5,000 TO THE DELAWARE COUNTY BAR ASSOCIATION TO CONTINUE THE GEORGE B. LINDSAY MEMORIAL CLE/CJE SEMINAR SERIES, 12 FREE ONE HOUR CLE/CJE COURSES BY THE DELAWARE COUNTY BAR ASSOCIATION FOR ITS MEMBERS; 10,000 TO THE DELAWARE COUNTY BAR ASSOCIATION FOR ITS BENCH BAR CONFERENCE TO PAY THE KEYNOTE SPEAKER'S FEE AND EXPENSES AND TO PAY OTHER EXPENSES ASSOCIATED WITH THE CONFERENCE; 5,000 TO THE DELAWARE COUNTY BAR ASSOCIATION TO HELP PAY FOR A NEW WEBSITE, WHICH HAS A MORE ROBUST DATABASE SYSTEM AND USER-FRIENDLY FRONT END WEBSITE.
THE BOARD APPROVED A GRANT OF 10,000 TO SUPPORT THE SCHOLARSHIP PROGRAM, WHICH THE DELAWARE COUNTY BAR ASSOCIATION OPERATES THROUGH THE E. WALLACE CHADWICK MEMMORIAL FUND OF THE ASSOCIATION. THE BOARD ALSO APPROVED THE ANNUAL PAYMENT OF 1,000 TO WIDENER UNIVERSITY SCHOOL OF LAW FOR 2 PRIZES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Noel Turner ESQ Secretary-Tr | OfficerTrustee | 6 | $2,000 |
Robert N Speare ESQ President | OfficerTrustee | 6 | $0 |
Joseph A Damico ESQ Vice Preside | OfficerTrustee | 1 | $0 |
The Honorable Dominic F Pileggi Trustee | Trustee | 1 | $0 |
The Honorable Nusrat Love Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,011 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $929 |
| All other expenses | $0 |
| Total functional expenses | $60,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,002 |
| Savings and temporary cash investments | $22,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,115,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,139,126 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,139,126 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,139,126 |
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