Overview
What is The Lynnwood Foundation?
The Lynnwood Foundation, established in 1996, is a nonprofit organization situated in Charlotte, North Carolina. Its primary mission involves preserving and maintaining the historic site known as the Duke Mansion. By operating it as a historic inn and community gathering place, the foundation ensures public access and engagement with the site's rich history. Additionally, the Lee Institute, the foundation's active programming arm, strives to secure the future of community leadership. Throughout the year, the Lynnwood Foundation hosts various events, lectures, and offers free public programming at the Duke Mansion. Despite the challenges presented by the pandemic, the foundation continued to preserve the Duke Mansion and its gardens, offering limited access to visitors.
Official website here: www.lynnwoodfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Lynnwood Foundation has achieved a remarkable rating of 96% from Charity Navigator, indicating a strong commitment to accountability and financial management. This score is based entirely on their accountability and finance beacons, which reflect transparency and effective oversight of their financial practices. The foundation's independent board members and well-structured governance policies contribute significantly to its high rating.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence, and a solid program expense ratio of 77.92%, demonstrating a strong focus on programmatic spending over administrative costs. Their financial health is further evidenced by a low liabilities-to-assets ratio of 22.70%, indicating a stable financial position capable of sustaining its mission effectively.
While the foundation excels in many areas, it's important for potential donors and stakeholders to consider ongoing evaluations of program impact and community feedback. However, the data available shows The Lynnwood Foundation's strong governance and financial integrity, making it a reliable choice for charitable giving.
This AI summary has been generated from information found on Charity Navigator.
Is The Lynnwood Foundation legitimate?
The Lynnwood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lynnwood Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $501,701
Professional Fundraising Fees: $154,510
Other Salaries and Wages: $2,419,007
For more financial information, click here
Official website here: www.lynnwoodfoundation.org
What is the mission statement of The Lynnwood Foundation?
The Lynnwood Foundation, established in 1996, has a twofold mission. Primarily, it aims to preserve and maintain the National Historic Site known as the Duke Mansion, operating it as a historic inn and community gathering place. Secondly, it operates the Lee Institute, which serves as the active programming arm, working towards securing the future of community leadership. The Lee Institute's mission is to strengthen and support organizations that share a commitment to fostering thriving communities. The Duke Mansion, as part of the Foundation's mission, strives to preserve its historical significance by making it accessible to the community, showcasing its rich history.
Official website here: www.lynnwoodfoundation.org
Who is the CEO of The Lynnwood Foundation?
Peter Blair is the CEO of The Lynnwood Foundation The CEO's salary of The Lynnwood Foundation is $302,177 and their total compensation is $318,396.
Official website here: www.lynnwoodfoundation.org
What is the revenue of The Lynnwood Foundation?
The Lynnwood Foundation's revenue in 2023 was $5,302,280.
Official website here: www.lynnwoodfoundation.org
Who are the executives of The Lynnwood Foundation and what are their salaries?
The average compensation at The Lynnwood Foundation during 2023 was $76,861. There are 38 employees and 60 volunteers at The Lynnwood Foundation.
Here are 26 key members and their salaries (The Lynnwood Foundation's CEO's salary is $302,177 and their total compensation is $318,396):
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- Other: $8,810
Official website here: www.lynnwoodfoundation.org
Where can I find the form 990 for The Lynnwood Foundation?
The Lynnwood Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lynnwoodfoundation.org
Learn more at the official website: www.lynnwoodfoundation.org
Mission Statement of The Lynnwood Foundation
The Lynnwood Foundation, established in 1996, is a nonprofit organization with a twofold mission. Its primary objective is to preserve and maintain the historic site known as the Duke Mansion. By operating it as a historic inn and community gathering place, the Foundation ensures the site's accessibility and engagement, allowing the public to appreciate its rich history.
In addition to its commitment to the Duke Mansion, The Lynnwood Foundation also houses the Lee Institute. Serving as the active programming arm, the Lee Institute's mission is to secure the future of community leadership. It strives to strengthen organizations that share a dedication to building thriving communities. This dual mission of The Lynnwood Foundation not only preserves a national historic treasure but also invests in the development of strong communities.
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Impact
July, 2024
The Lynnwood Foundation's impact is significant in preserving the historic Duke Mansion and providing public access to this cultural treasure. By operating the Duke Mansion as a historic inn and community gathering place, the foundation ensures the preservation of the site and its history for future generations. Additionally, through the Lee Institute, the foundation works to strengthen organizations dedicated to building great communities. Overall, The Lynnwood Foundation plays a crucial role in heritage conservation and community development in Charlotte, North Carolina.
This information is meant to be a general summary of The Lynnwood Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,750
- Program Service Revenue: $4,596,708
- Gross Receipts: $5,369,571
Assets and Liabilities:
- Total Assets: $24,299,932
- Total Liabilities: $5,516,821
- Net Assets: $18,783,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUKE MANSION REVENUES
Revenue
$4,213,685
LEE INSTITUTE FEES
Revenue
$383,023
Organization Details
Founding Year
1996
Principal Officer
Peter Blair
Website
www.lynnwoodfoundation.orgNTEE Category
Code: A82Z - Arts
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