The Lynnwood Foundation in Charlotte, North Carolina (NC)

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The Lynnwood Foundation
Employer Identification Number (EIN)561987315
Name of OrganizationThe Lynnwood Foundation
In Care of NameSharon A Decker
Address400 Hermitage Rd, Charlotte, NC 28207-1842
ActivitiesDescribed in section 509(a)(2) of the Code, Other cultural or historical activities
SubsectionCharitable Organization
Ruling Date12/1996
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,583,432
Amount of Income$5,621,651
Form 990 Revenue Amount$5,586,072
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities:


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Amount of income in 2013: $5,621,651 (it was $4,476,342 in 2012)
The Lynnwood Foundation: 

 $5,621,651
Other organizations performing similar types of work: 

 $168,548

Assets in 2013: $15,583,432 (it was $13,697,551 in 2012)
This organization: 

 $15,583,432
Other organizations performing similar types of work: 

 $659,643

Expenses in 2013: $4,605,896
The Lynnwood Foundation: 

 $4,605,896
Other organizations performing similar types of work: 

 $121,005

Income to expenses ratio in 2013: 1.2
The Lynnwood Foundation: 

 1.2
Other organizations performing similar types of work: 

 1.4

Number of employees in 2013: 33
This organization: 

 33
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2013: 9.1%
The Lynnwood Foundation: 

 9.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 34.5%
The Lynnwood Foundation: 

 34.5%
Other organizations performing similar types of work: 

 50.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096424556
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return332933
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$308,877$439,267
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$61,809$80,148
Total number of individuals who received more than $100,000 of reportable compensation from the organization12
Total number of independent contractors who received more than $100,000 of compensation from the organization01
Statement of Revenue
2010201120122013
Total revenue$3,557,147$3,474,661$4,440,462$5,586,072
Contributions, Gifts, Grants and Other Similar Amounts$951,858$605,580$1,052,856$1,928,868
Program Service Revenue$2,552,236$2,815,936$3,277,568$3,525,122
721000$2,481,998$2,923,983$3,199,757
721000$333,938$353,585$325,365
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$71,320$76,590$100,073$107,273
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$-3,019$-8,661$-2,454$-48
Gross amount from sales of assets other than inventory (Securities / Other)$55,088 / $0$53,011 / $0$0 / $0$0 / $1,200
Less: cost or other basis and sales expenses (Securities / Other)$55,044 / $3,063$52,040 / $9,632$0 / $2,454$0 / $1,248
Gain or (loss) (Securities / Other)$44 / $-3,063$971 / $-9,632$0 / $-2,454$0 / $-48
Net income/loss from fundraising events$-15,248$-14,784$12,419$24,857
Gross income from fundraising events$48,970$44,294$45,845$59,188
Less: direct expenses$64,218$59,078$33,426$34,331
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$3,878,979$3,875,635$4,047,431$4,605,896
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$373,252$346,609$328,902$358,850
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$1,315,785$1,383,678$1,435,903$1,675,813
Pension plan accruals and contributions$577$8,048$27,307
Other employee benefits$143,694$165,046$219,295
Payroll taxes$143,875$157,848$170,306$182,432
Fees for services (non-employees)
Management$30,000$30,000$30,000
Legal$0$0$0
Accounting$17,866$18,750$19,700
Lobbying$0$0$0
Professional fundraising services$87,648$89,638$98,583$95,952
Investment management fees$0$57,536$57,058
Other$142,652$120,588$132,779
Advertising and promotion$50,281$50,413$63,628
Office expenses$149,731$172,559$164,653
Information technology$24,719$39,280$30,893
Royalties$0$0$0
Occupancy$238,299$248,185$271,938
Travel$7,273$11,698$11,744
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$6,432$10,451$3,797
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$380,251$393,575$411,236
Insurance$59,138$61,911$69,107
Other expenses$350,198$376,252$430,279
Other expenses$126,963$76,674$80,889
Other expenses$54,185$58,973$73,798
Other expenses$27,407$49,902$69,788
Other expenses$0$63,896$124,960
Balance Sheet
2010201120122013
Total assets$13,277,223$12,775,333$13,697,551$15,583,432
Cash - non-interest-bearing$450$550$550
Savings and temporary cash investments$778,971$841,737$844,477
Pledges and grants receivable, net$533,336$706,681$1,123,086
Accounts receivable, net$97,668$266,837$220,984
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$62,964$57,143$61,443
Land, buildings, and equipment: cost or other basis$6,250,259$6,120,880$6,102,950
Investments - publicly traded securities$14,816$780$235
Investments - other securities$4,792,819$5,382,712$6,806,975
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$244,050$320,231$422,732
Total liabilities$659,722$772,463$827,566$1,014,089
Accounts payable and accrued expenses$267,590$278,638$348,839
Grants payable$0$0$0
Deferred revenue$231,303$228,697$242,518
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$273,570$320,231$422,732
Total net assets or fund balances$12,617,501$12,002,870$12,869,985$14,569,343
Unrestricted net assets$5,996,250$6,550,132$7,290,779
Temporarily restricted net assets$380,743$300,175$578,831
Permanently restricted net assets$5,625,877$6,019,678$6,699,733
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A community trust described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$3,586,500
Subtotal Support$5,214,858
Gifts, grants, contributions, and membership fees received$5,214,858
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,628,358
Total Support$5,847,316
Public Support$5,214,858
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$365,069
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$267,389
Gross receipts from related activities, etc.$14,605,636
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Lynnwood Foundation400 Hermitage Rd, Charlotte, NC 28207-1842NC1996-12$5,621,651
2Whalehead Preservation Trust And The Currituck Wildlife Museum, Whalehead ProjectPO BOX 307, Corolla, NC 27927-0307NC1995-01$1,340,757
3Snow Camp Historical Drama Society IncPO BOX 535, Snow Camp, NC 27349-0535NC1971-06$108,509
4Western North Carolina Historical Association Incorporation283 Victoria Rd, Asheville, NC 28801-4817NC1974-01$107,765
5Preservation Greensboro Development Fund IncPo Box 13136, Greensboro, NC 27415NC1991-07$57,275
6Alleghany Historical Genealogical Society Inc, Alleghany Historical SocietyPO BOX 817, Sparta, NC 28675NC1995-09$0
7Badger-Iredell Foundation Inc8000 Weston Parkway Suite 330, Cary, NC 27513NC1974-01$0
8Davis Chapel Historic Association Inc158 Mae Ave, Stokesdale, NC 27357NC1998-03$0
9East Tennessee & Western North Carolina Railroad Historical SociePo Box 154, Mcgrady, NC 28649-0154NC1994-11$0
10Federal Point Historic Preservation Society IncBox 623, Carolina Beach, NC 28428NC1995-07$0
11Gaston Agriculture Mechanical And Textile Restoration AssociationPo Box 839, Dallas, NC 28034NC1997-11$0
12Gates County Historical Society148 Turner Rd, Eure, NC 27935NC1983-11$0
13Greensboro Chapter National Railway Historical Society4019 Brookhaven Court, Mebane, NC 27302-9604NC1978-03$0
14Halifax County Historical AssociationP O Box 12, Halifax, NC 27839NC1997-02$0
15Historic BoonePO BOX 362, Boone, NC 28607-0362NC1998-02$0
16Hyde County Historical & Genealogical SocietyPo Box 517, Engelhard, NC 27824NC1995-06$0
17Jacob Holt House Foundation IncPo Box 441, Warrenton, NC 27589NC1991-08$0
18Living History Assoication Of Mecklenburg, 13th Nc Co B9225 Surrey Rd, Chralotte, NC 28227NC1996-03$0
19National Maritime Alliance Inc101 Wesley Rd, Greenville, NC 27858NC1992-04$0
20North Randolph Historical Society IncPo Box 1341, Randleman, NC 27317NC1997-01$0
Number of organizations performing similar types of work
Alaska7
Alabama21
Arkansas16
Arizona15
California124
Colorado24
Connecticut31
District of Columbia14
Delaware5
Florida52
Georgia42
Hawaii10
Iowa23
Idaho2
Illinois54
Indiana44
Kansas26
Kentucky26
Louisiana17
Massachusetts73
Maryland45
Maine27
Michigan38
Minnesota41
Missouri43
Mississippi12
Montana6
North Carolina48
North Dakota6
Nebraska13
New Hampshire13
New Jersey52
New Mexico5
Nevada1
New York145
Ohio65
Oklahoma15
Oregon30
Pennsylvania112
Rhode Island18
South Carolina13
South Dakota6
Tennessee27
Texas60
Utah7
Virginia63
Vermont12
Washington31
Wisconsin29
West Virginia16
Wyoming5
Total1,630

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