Lyndhurst Foundation Inc
- Assets
- $133.7m
- Revenue
- $17.4m
- Investments
- $125.3m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 62-6044177
Organization Overview
Lyndhurst Foundation Inc is located in Chattanooga, TN. The organization was established in 1941. 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. Lyndhurst 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 12/2021, Lyndhurst Foundation Inc generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $8.5m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lyndhurst Foundation Inc has awarded 230 individual grants totaling $17,137,276. 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 |
|---|---|---|---|
Benic M Clark III President And Treasurer | 40 | $291,376 | |
Macon C Toledano Associate Director | 40 | $232,462 | |
Kathleen E Nolte Program Officer | 40 | $127,255 | |
Nena F Powell Controller | 40 | $126,466 | |
Sarah C Cox Executive Assistant | 40 | $97,324 | |
James O Kennedy Chairman Of The Board | 2 | $5,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,272,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,848,217 |
| Capital Gain Net Income | $17,848,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,764,240 |
| Total Revenue | $17,356,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $309,076 |
| Other employee salaries and wages | $582,968 |
| Pension plans, employee benefits | $82,687 |
| Interest | $0 |
| Taxes | $435,063 |
| Depreciation | $44,945 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,758 |
| Printing and publications | $102 |
| Other expenses | $301,263 |
| Total operating and administrative expenses | $1,806,960 |
| Contributions, gifts, grants paid | $6,716,254 |
| Total expenses and disbursements | $8,523,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,647,449 |
| 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 | $125,291,876 |
| Net Land, buildings, and equipment | $496,096 |
| Other assets | $5,296,139 |
| Total assets | $133,731,560 |
| Accounts payable and accrued expenses | $11,270 |
| 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 | $303,894 |
| Total liabilities | $315,164 |
Grants Awarded
Over the last fiscal year, Lyndhurst Foundation Inc has awarded $8,319,554 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CRADLE OF SOUTHERN APPALACHIA LAND PROTECTION FUND | $880,000 |
URBAN DESIGN AND DEVELOPMENT PURPOSE: TO SUPPORT FUTURE GRANTS APPROVED BY TRUSTEES. | $430,000 |
CNE PURPOSE: AFFORDABLE HOUSING AND MONEY SCHOOL 2021 | $410,000 |
Chattanooga, TN PURPOSE: DOWNTOWN PUBLIC REALM ENHANCEMENT FUND | $400,000 |
EDUCATION PURPOSE: TO SUPPORT FUTURE GRANTS APPROVED BY TRUSTEES. | $400,000 |
MASS MUSEUM OF CONTEMPORARY ART FDN INC PURPOSE: ARTISTS AT WORK PARTNERSHIP | $326,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyndhurst Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Flood-Gamble Foundation Inc New York, NY PURPOSE: GENERAL OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |