Lykins Foundation
- Assets
- $891.5k
- Revenue
- $28.1k
- Investments
- $875.9k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/1966
- Data as of
- 12/2023
- EIN
- 61-6038503
Organization Overview
Lykins Foundation is located in Lexington, KY. The organization was established in 1966. 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. Lykins 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 12/2023, Lykins Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lykins Foundation has awarded 71 individual grants totaling $273,163. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,658 |
| Capital Gain Net Income | $1,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,222 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,826 |
| Contributions, gifts, grants paid | $43,158 |
| Total expenses and disbursements | $51,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,533 |
| 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 | $62,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $891,465 |
| 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, Lykins Foundation has awarded $43,158 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON OF HOPE PURPOSE: UNRESTRICTED | $2,500 |
BAKER INTERMEDIATE SCHOOL PURPOSE: UNRESTRICTED | $2,250 |
CAMPBELL YOUTH SERVICES CENTER PURPOSE: UNRESTRICTED | $3,750 |
CLARK COUNTY COMMUNITY SERVICES PURPOSE: UNRESTRICTED | $10,000 |
CLARK COUNTY PRESCHOOL PURPOSE: UNRESTRICTED | $2,250 |
CONKWRIGHT ELEMENTARY SCHOOL PURPOSE: UNRESTRICTED | $2,250 |