Lynch Family Foundation
- Assets
- $1.6m
- Revenue
- $35.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 02/2009
- Data as of
- 07/2023
- EIN
- 26-3219070
Organization Overview
Lynch Family Foundation is located in West Hartford, CT. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lynch Family 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 07/2023, Lynch Family Foundation generated $35.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.1%) each year. All expenses for the organization totaled $155.9k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lynch Family Foundation has awarded 212 individual grants totaling $430,776. 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 |
|---|---|---|---|
Gerard T Lynch Trustee | 0 | $0 | |
Evy E Lynch Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $613 |
| Dividends & Interest | $372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,729 |
| Capital Gain Net Income | $72,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $185 |
| Total operating and administrative expenses | $4,486 |
| Contributions, gifts, grants paid | $151,378 |
| Total expenses and disbursements | $155,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,164 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,632,766 |
| 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, Lynch Family Foundation has awarded $151,378 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA PRESS INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $3,700 |
AMERICAN CANCER SOCIETY INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $411 |
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $10,000 |
AVON OLD FARMS SCHOOL INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $4,000 |
BOSTON COLLEGE TRUSTEES PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |