Daniel Lynch Foundation Inc
- Assets
- $187.0k
- Revenue
- $6.1k
- Investments
- $182.3k
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-5552139
Organization Overview
Daniel Lynch Foundation Inc is located in Silver Spring, MD. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Daniel Lynch 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 12/2022, Daniel Lynch Foundation Inc generated $6.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Daniel Lynch Foundation Inc has awarded 358 individual grants totaling $1,111,600. 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 |
|---|---|---|---|
George Hunter President | 0.5 | $0 | |
Ann Hunter Treasurer | 0.5 | $0 | |
Paul Hunter Secretary | 3 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,590 |
| Capital Gain Net Income | $5,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $10,554 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,623 |
| 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 | $182,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $186,952 |
| 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, Daniel Lynch Foundation Inc has awarded $223,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: GENERAL FUNDS | $10,000 |
AMERICARES PURPOSE: GENERAL FUNDS | $10,000 |
BREAD FOR THE WORLD INSTITUTE INC PURPOSE: GENERAL FUNDS | $10,000 |
BREAD FOR THE CITY INC PURPOSE: GENERAL FUNDS | $10,000 |
CAPITAL AREA FOOD BANK PURPOSE: GENERAL FUNDS | $5,000 |
CATHOLIC MEDICAL MISSION BOARD PURPOSE: GENERAL FUNDS | $10,000 |