Michael And Louise Lynch Charitable Foundation Inc
- Assets
- $976.5k
- Revenue
- $66.1k
- Investments
- $675.5k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 27-0136524
Organization Overview
Michael And Louise Lynch Charitable Foundation Inc is located in Hilton Head Island, SC. The organization was established in 2006. 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. Michael And Louise Lynch Charitable Foundation Inc 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, Michael And Louise Lynch Charitable Foundation Inc generated $66.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $90.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael And Louise Lynch Charitable Foundation Inc has awarded 73 individual grants totaling $403,850. 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 |
|---|---|---|---|
Michael D Lynch Director | 1 | $0 | |
Louise L Lynch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,420 |
| Capital Gain Net Income | $43,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,633 |
| Contributions, gifts, grants paid | $89,000 |
| Total expenses and disbursements | $90,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,009 |
| Savings and temporary cash investments | $0 |
| 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 | $976,539 |
| 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 | $92,835 |
| Total liabilities | $92,835 |
Grants Awarded
Over the last fiscal year, Michael And Louise Lynch Charitable Foundation Inc has awarded $89,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: GENERAL SUPPORT | $30,000 |
LONG COVE COMMUNITY FOUNDATION (CFLLCCCF) PURPOSE: GENERAL SUPPORT | $7,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $5,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $5,000 |
BOYS & GIRLS CLUB-HILTON HEAD PURPOSE: GENERAL SUPPORT | $5,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |
The Gift Of Hope Foundation Inc Roswell, GA | $66,505,995 | $8,440,568 |
Edus H & Harriet H Warren Foundation Inc Atlanta, GA | $0 | $46,804 |
William Howard Flowers Jr Thomasville, GA | $119,914,251 | $6,796,177 |
Wade L Layton Charitable Trust Savannah, GA | $6,847,787 | $1,861,389 |