Lynch Family Foundation Inc
- Assets
- $3.2k
- Revenue
- $22.8k
- Investments
- $2.3k
- Employees
- 0
- Location
- Bronxville, NY
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 81-1710433
Organization Overview
Lynch Family Foundation Inc is located in Bronxville, NY. The organization was established in 2018. 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. Lynch Family 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 12/2023, Lynch Family Foundation Inc generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $26.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lynch Family Foundation Inc has awarded 81 individual grants totaling $104,443. 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 |
|---|---|---|---|
Michael Lynch President | 0 | $0 | |
Karen Lynch Secretary | 0 | $0 | |
Brittany Lynch Director | 0 | $0 | |
Michaela Lynch Director | 0 | $0 | |
Alexandra Lynch Director | 0 | $0 | |
Liam Lynch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,452 |
| Interest on Savings | $0 |
| Dividends & Interest | $33 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,297 |
| Capital Gain Net Income | $19,297 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $254 |
| Total operating and administrative expenses | $1,104 |
| Contributions, gifts, grants paid | $25,246 |
| Total expenses and disbursements | $26,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $848 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,182 |
| 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, Lynch Family Foundation Inc has awarded $25,246 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
GRAHAM WINDHAM PURPOSE: UNRESTRICTED USE | $3,900 |
SANKATY HEAD FOUNDATION PURPOSE: UNRESTRICTED USE | $5,910 |
SCONSET TRUST PURPOSE: UNRESTRICTED USE | $2,144 |
SIASCONSET UNION CHAPEL PURPOSE: UNRESTRICTED USE | $4,250 |
ST JUDE CHILDREN'S RESEARCH PURPOSE: UNRESTRICTED USE | $3,500 |
ST PATRICK'S CATHEDRAL PURPOSE: UNRESTRICTED USE | $200 |