Paul Lynch Foundation
- Assets
- $1.6m
- Revenue
- $14.5k
- Investments
- $1.2k
- Employees
- 0
- Location
- New Castle, PA
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 25-6583550
Organization Overview
Paul Lynch Foundation is located in New Castle, PA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Paul 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 12/2023, Paul Lynch Foundation generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $48.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paul Lynch Foundation has awarded 31 individual grants totaling $105,338. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lynch Trustee | 10 | $0 | |
Lauren Lynch Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,973 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,846 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,846 |
| Contributions, gifts, grants paid | $41,246 |
| Total expenses and disbursements | $48,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $140,882 |
| 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 | $1,468,014 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,610,330 |
| 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, Paul Lynch Foundation has awarded $41,246 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
RCPA PURPOSE: MENTAL HEALTH | $1,770 |
SCOTTISH RITE PURPOSE: CHARITY | $20 |
HUMAN SERVICES CENTER PURPOSE: MENTAL HEALTH | $1,088 |
HOLY SPIRIT PARRISH PURPOSE: CONTRIBUTION | $65 |
NYU PURPOSE: SCHOLARSHIP | $4,554 |
UNIVERSITY OF FLORIDA PURPOSE: SCHOLARSHIP | $28,669 |