Lynn P Demarco Charitable Foundation
- Assets
- $2.8m
- Revenue
- $368.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Springfield, NE
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 47-0836951
Organization Overview
Lynn P Demarco Charitable Foundation is located in Springfield, NE. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Lynn P Demarco Charitable 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, Lynn P Demarco Charitable Foundation generated $368.6k 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 (21.5%) each year. All expenses for the organization totaled $185.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lynn P Demarco Charitable Foundation has awarded 221 individual grants totaling $2,932,525. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,104 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,455 |
| Capital Gain Net Income | $307,455 |
| Net ST Capital Gain | $972 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $368,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $189 |
| Total operating and administrative expenses | $7,914 |
| Contributions, gifts, grants paid | $177,499 |
| Total expenses and disbursements | $185,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,420 |
| 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 | $4,521 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,817,005 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | -$1,916,141 |
| 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 | -$1,916,141 |
Grants Awarded
Over the last fiscal year, Lynn P Demarco Charitable Foundation has awarded $629,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY SPIRIT CATHOLIC SCHOOLS PURPOSE: EDUCATION | $70,000 |
DUCHESNE CATHOLIC HIGH SCHOOL PURPOSE: TUITION ASSISTANCE | $60,000 |
DUCHESNE HIGH SCHOOL PURPOSE: EDUCATION | $60,000 |
SEEDS OF WISDOM PURPOSE: EDUCATION | $30,000 |
CURE OF ARS CATHOLIC CHURCH PURPOSE: MINISTRY | $30,000 |
Kansas City, MO PURPOSE: RELIGIOUS LIBERTY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |