John Lynch Foundation
- Assets
- $2.1m
- Revenue
- $82.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Tampa, FL
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 59-3665351
Organization Overview
John Lynch Foundation is located in Tampa, FL. The organization was established in 2001. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Lynch 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 12/2022, John Lynch Foundation generated $82.9k 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 (13.6%) each year. All expenses for the organization totaled $207.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JOHN LYNCH FOUNDATION IS COMMITTED TO ENCOURAGING DREAMS; PROVIDING PROGRAMS THAT ASSIST AND MOTIVATE; AND RECOGNIZING AND REWARDING EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE LYNCH FAMILY LEGACY SCHOLARSHIPS AND EXCEPTIONAL STAR OF THE YEAR AWARDS, THE JOHN LYNCH FOUNDATION HAS ASSISTED MANY STUDENT-ATHLETES IN ACHIEVING THEIR DREAMS. THE LYNCH FAMILY LEGACY SCHOLARSHIPS PROVIDE FINANCIAL ASSISTANCE TO STUDENTS WHO ARE ATTENDING FOUR YEAR UNIVERSITIES. THROUGH THE SCHOLARSHIP, THE FOUNDATION IS RECOGNIZING STUDENTS WHO HAVE EXCELLED IN KEY AREAS THROUGHOUT HIGH SCHOOL AND BRINGS THEM ONE STEP CLOSER TO ACHIEVING THEIR DREAMS AS YOUNG LEADERS. THE RECIPIENTS IN DENVER AND TAMPA ARE CHOSEN BASED ON THEIR ACADEMIC ACCOMPLISHMENTS, ATHLETIC ACCOMPLISHMENTS AND COMMUNITY WORK. FINANCIAL NEED IS ALSO CONSIDERED AND ESSAYS AND LETTERS OF RECOMMENDATION ARE REQUIRED. THE EXCEPTIONAL STAR OF THE YEAR AWARDS ARE PRESENTED TO STUDENT ATHLETES WITH SPECIAL NEEDS, INCLUDING DOWN SYNDROME AND PHYSICAL DISABILITIES. THESE STUDENTS ARE CHOSEN BASED ON THE SAME CRITERIA AS THE OTHERS.
MISCELLANEOUS PROGRAM SERVICE EXPENSE
LYNCH'S HOLIDAY PARTY: EVERY DECEMBER JOHN AND LINDA HOST A HOLIDAY PARTY TO BENEFIT THE NEEDIEST BOYS & GIRLS CLUB MEMBERS IN THE DENVER AREA. EACH GUEST IS SURPRISED WITH A SPECIAL EVENING INCLUDING A SURPRISE VISIT FROM SANTA (BEARING GIFTS!), A DELICIOUS DINNER, AND TICKETS TO SEE A SPECIAL CHRISTMAS PERFORMANCE AT THE DENVER CENTER FOR PERFORMING ARTS. THE HOLIDAY PARTY BENEFITS THE BOYS & GIRLS CLUBS OF METRO DENVER AS WELL AS MILITARY FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Robinson Executive Director | Officer | 40 | $42,276 |
Doug Allred Director | Trustee | 0 | $0 |
David Dunn Director | Trustee | 0 | $0 |
Pete Egoscue Director | Trustee | 0 | $0 |
Cathy Lynch Director | Trustee | 0 | $0 |
John Lynch Sr Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,594 |
| Total Program Service Revenue | $0 |
| Investment income | $21,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,490 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,277 |
| Compensation of current officers, directors, key employees. | $2,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $335 |
| Office expenses | $7,511 |
| Information technology | $2,425 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $738 |
| All other expenses | $0 |
| Total functional expenses | $207,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,203,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,087,441 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,087,441 |
| Total liabilities and net assets/fund balances | $2,087,441 |