Lynch Trust in Pittsburgh, Pennsylvania (PA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Lynch Trust | |
| Employer Identification Number (EIN) | 256123541 |
| Name of Organization | Lynch Trust |
| In Care of Name | Mellon Bank Na |
| Address | PO BOX 185, Pittsburgh, PA 15230-0185 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 10/1998 |
| Foundation | Private non-operating foundation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $128,742 |
| Amount of Income | $47,586 |
| Form 990 Revenue Amount | $2,662 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2010: $47,586 (it was $2,662 in 2011)
| Lynch Trust: | $47,586 |
| Other organizations performing similar types of work: | $202,431 |
Assets in 2010: $128,742 (it was $123,445 in 2011)
| This organization: | $128,742 |
| Other organizations performing similar types of work: | $442,684 |
Expenses in 2011: $6,534
| Lynch Trust: | $6,534 |
| Other organizations performing similar types of work: | $108,984 |
Income to expenses ratio in 2011: 7.3
| This organization: | 7.3 |
| Other organizations performing similar types of work: | 3.4 |
Grants share in income in 2011: 0.0%
| Lynch Trust: | 0.0% |
| Other organizations performing similar types of work: | 35.8% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,662 | $2,663 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,579 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $83 | |||
| Total expenses and disbursements | $6,534 | $319 | $0 | $6,155 |
| Compensation of officers, directors, trustees, etc. | $388 | |||
| Total operating and administrative expenses | $534 | $319 | $155 | |
| Contributions, gifts, grants paid | $6,000 | |||
| Excess of revenue over expenses and disbursements | $-3,872 | |||
| Net investment income | $2,344 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $123,445 | $0 |
| Cash - non-interest-bearing | $-406 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $123,744 | |
| Other | $107 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $123,445 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $83 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $47 |
| Total credits and payments | $41 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $41 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $6 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $132,635 |
| Net value of noncharitable-use assets | $130,640 |
| Minimum investment return | $6,532 |
| Distributable Amount (for 2011) | |
| Distributable amount | $6,485 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $6,485 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $89 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lucy C Farnsworth Trust Uw 10-2540-00-2 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1952-12 | $1,777,571 |
| 2 | Cincinnati Museums Foundation | 1301 Western Ave, Cincinnati, OH 45203-1138 | OH | 2011-06 | $7,392,279 |
| 3 | Air Zoo Legacy Foundation | 6151 Portage Rd, Portage, MI 49002-3003 | MI | 2009-04 | $2,720,942 |
| 4 | Seattle Art Museum Foundation | 1300 1st Ave, Seattle, WA 98101-2003 | WA | 1993-04 | $2,239,857 |
| 5 | U S Space & Rocket Center Foundation | 1 Tranquility Base, Huntsville, AL 35805-3371 | AL | 2002-03 | $2,022,595 |
| 6 | Soldiers And Sailors Memorial Hall And Museum Trust Inc | 4141 5th Ave, Pittsburgh, PA 15213-3547 | PA | 1999-06 | $1,865,192 |
| 7 | San Antonio Public Library Foundation | 625 Shook Ave, San Antonio, TX 78212-5343 | TX | 1983-11 | $1,754,298 |
| 8 | The Conservancy For The Parthenon And Centennial Park | PO BOX 196340, Nashville, TN 37219-6340 | TN | 1985-06 | $1,118,578 |
| 9 | Sir John Soanes Museum Foundation | 1040 1st Ave, New York, NY 10022-2991 | NY | 1991-10 | $990,553 |
| 10 | Reading Public Museum Endowment Tr Ua 1519155092 | 500 Museum Rd, Reading, PA 19611-1425 | PA | 2000-01 | $448,969 |
| 11 | Akm Foundation | 15 S 7th St, Philadelphia, PA 19106-2313 | PA | 1992-03 | $376,905 |
| 12 | Womens Committee Of The Museum Of Archaeology And Anthropology | C/O Univ Of Pa 33rd Spruce Streets, Phila, PA 19104 | PA | 2001-04 | $230,499 |
| 13 | William W Jamison Ii Purchase Trust For The Westmoreland Museum | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2002-03 | $121,614 |
| 14 | Friends Of The Pa Military Museum | PO BOX 160A, Boalsburg, PA 16827-0160 | PA | 1993-01 | $108,277 |
| 15 | Pennsylvania Lumber Museum Associates | PO BOX 239, Galeton, PA 16922-0239 | PA | 1978-03 | $61,263 |
| 16 | Lynch Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1998-10 | $47,586 |
| 17 | The Patrons Of The Arts In The Vatican Museums Eastern And | 101 Ehalt Street 109 Station Place, Greensburg, PA 15601 | PA | 1994-09 | $30,800 |
| 18 | Friends Of The Frost Entomological Musuem | Dept Of Entomology Asi Bldg Penn St, University Park, PA 16802 | PA | 2003-05 | $702 |
| 19 | Friends Of Joseph Priestley, Friends Of Joseph Priestley House Inc | Po Box 346, Lewisburg, PA 17837 | PA | 1994-03 | $0 |
| 20 | Lehigh Valley Timing Association | 1752 N Filbert St, Allentown, PA 18104-1316 | PA | 2009-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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