The Lynnwood Foundation

Organization Overview

The Lynnwood Foundation is located in Charlotte, NC. The organization was established in 1996. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lynnwood Foundation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynnwood 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, Lynnwood Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE THE DUKE MANSION AS A HISTORIC INN AND COMMUNITY GATHERING PLACE FOR THE PURPOSE OF PRESERVING AND PROVIDING PUBLIC ACCESS AND ENGAGEMENT TO THE SITE AND ITS HISTORY AND TO OPERATE THE LEE INSTITUTE, WHICH AS THE ACTIVE PROGRAMMING ARM, WORKS TO SECURE THE FUTURE OF COMMUNITY LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DUKE MANSION: THE PRESERVATION AND PROTECTION OF THE DUKE MANSION HAS CONTINUED WITH MAINTENANCE AND CAPITAL INVESTMENT OF THE HOUSE AND GROUNDS. THE DUKE MANSION SHOWCASES ITS HISTORY BY BEING OPEN TO THE COMMUNITY FOR ALL TYPES OF EVENTS AND THROUGH PERMANENT EXHIBITS. THE GARDENS ARE OPEN NEARLY EVERY DAY FOR VISITORS. IT ALSO PROVIDES ITS OWN ANNUAL PROGRAMMING FREE TO THE PUBLIC INCLUDING HISTORY LECTURES. DURING THE PANDEMIC, WE DID NOT PROVIDE OUR USUAL GUIDED GARDEN TOURS AND AN ANNUAL COMMUNITY-WIDE OPEN HOUSE.


THE LEE INSTITUTE: THE LEE INSTITUTE SERVES AND STRENGTHENS ORGANIZATIONS AND INDIVIDUALS WHO SHARE OUR COMMITMENT TO BUILDING GREAT COMMUNITIES. THE LEE INSTITUTE PROVIDED FACILITATION, CIVIC ENGAGEMENT, CONSULTING AND LEADERSHIP TRAINING TO NON-PROFITS, GOVERNMENTS AND COMMUNITY GROUPS LOCALLY, REGIONALLY AND STATEWIDE.


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Board, Officers & Key Employees

Name (title)Compensation
Cyndee Patterson
President
$293,282
Lisa Guerriero
CFO
$157,192
Chrystal Joy
Director - Lee Institute
$138,102
Rebecca Sagadin
Gen Mgr - Duke Mansion (outgoing)
$102,459
Rutherford Bryson III
Treasurer
$0
Mary Long
Chairperson
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Party Reflections
Linen & Equipment Rentals
$112,291
Patricia Higgins Martin
Fundraising
$122,604
Eurestcompass Group Usa
Food Services
$1,098,473
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$288,149
Related organizations$0
Government grants $716,571
All other contributions, gifts, grants, and similar amounts not included above$1,068,071
Noncash contributions included in lines 1a–1f $53,914
Total Revenue from Contributions, Gifts, Grants & Similar$2,072,791
Total Program Service Revenue$3,778,211
Investment income $2
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $278
Net Income from Fundraising Events $9,472
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,860,754

Grants Recieved

Over the last fiscal year, we have identified 11 grants that The Lynnwood Foundation has recieved totaling $350,908.

Awarding OrganizationAmount
Dickson Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$150,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$76,500
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$55,158
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$42,150
United Way Of Greater Charlotte

Charlotte, NC

PURPOSE: PROGRAM OPERATING COSTS

$12,500
George W And Ruth R Baxter Foundation Inc

Charlotte, NC

PURPOSE: CIVIC, SCHOLARSHIP FUND

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,788,338
Earnings$1,509,750
Admin Expense-$64,246
Net Contributions$663,400
Ending Balance$12,897,242

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