2024-11-14T12:21:41-06:00 2023-12-31 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2023-01-01 561987315 THE LYNNWOOD FOUNDATION LYNN 7043754400 400 HERMITAGE ROAD CHARLOTTE NC 28207 PETER BLAIR PRESIDENT & CEO 7043754400 2024-11-14 1 0 PAULA P TILLEY P00051456 7043770239 2024-11-14 2023 2024-10-15 13:58:12Z PETER BLAIR 400 HERMITAGE ROAD CHARLOTTE NC 28207 5369571 0 X WWW.LYNNWOODFOUNDATION.ORG X 1996 NC TO OPERATE THE DUKE MANSION AS A HISTORIC INN AND COMMUNITY GATHERING PLACE FOR THE PURPOSE OF PRESERVING AND PROVIDING PUBLIC ACCESS AND ENGAGEMENT TO THE SITE AND ITS HISTORY AND TO OPERATE THE LEE INSTITUTE, WHICH AS THE ACTIVE PROGRAMMING ARM, WORKS TO SECURE THE FUTURE OF COMMUNITY LEADERSHIP. 21 21 38 60 0 0 1883489 700816 4562349 4596708 -5512 3980 79 776 6440405 5302280 0 0 0 0 3162417 3444502 147247 154510 542565 2608103 2630786 5917767 6229798 522638 -927518 24299932 25356540 5516821 5752256 18783111 19604284 X THE LYNNWOOD FOUNDATION, A NONPROFIT ORGANIZATION, ESTABLISHED IN 1996, HAS A TWOFOLD MISSION: TO MAINTAIN AND PRESERVE THE NATIONAL HISTORIC SITE KNOWN AS THE DUKE MANSION BY OPERATING IT AS A HISTORIC INN AND MEETING PLACE AND TO CREATE AND OPERATE THE LEE INSTITUTE.THE LEE INSTITUTE MISSION: TO SERVE AND STRENGTHEN ORGANIZATIONS WHO SHARE A COMMITMENT TO BUILDING GREAT COMMUNITIES.THE DUKE MANSION MISSION: TO PRESERVE THE DUKE MANSION, A HISTORIC TREASURE, BY MAKING IT ACCESSIBLE TO THE COMMUNITY AND SHOWCASING ITS HISTORY. 0 0 4257094 4220307 THE DUKE MANSION: THE PRESERVATION AND PROTECTION OF THE DUKE MANSION HAS CONTINUED WITH MAINTENANCE AND CAPITAL INVESTMENT OF THE HOUSE AND GROUNDS. THE DUKE MANSION SHOWCASES ITS HISTORY BY BEING OPEN TO THE COMMUNITY FOR ALL TYPES OF EVENTS AND THROUGH PERMANENT EXHIBITS AND PUBLIC TOURS. THE GARDENS ARE OPEN NEARLY EVERY DAY FOR VISITORS. IT ALSO PROVIDES ITS OWN ANNUAL PROGRAMMING FREE TO THE PUBLIC INCLUDING HISTORY LECTURES. 793400 493967 THE LEE INSTITUTE: THE LEE INSTITUTE SERVES AND STRENGTHENS ORGANIZATIONS AND INDIVIDUALS WHO SHARE OUR COMMITMENT TO BUILDING GREAT COMMUNITIES. THE LEE INSTITUTE PROVIDED FACILITATION, CIVIC ENGAGEMENT, CONSULTING AND LEADERSHIP TRAINING TO NON-PROFITS, GOVERNMENTS AND COMMUNITY GROUPS LOCALLY, REGIONALLY AND STATEWIDE. 5050494 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 42 0 38 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ANGEL ADAMS 7043754400 400 HERMITAGE ROAD CHARLOTTE NC 28207 RUTHERFORD BRYSON III CHAIRPERSON 0.90 X X 0 0 0 MARY LONG TREASURER 0.90 X X 0 0 0 LINDA WEISBRUCH SECRETARY 0.90 X X 0 0 0 BEN BENSON DIRECTOR 0.50 X 0 0 0 BEVERLY ALLEN DIRECTOR 0.20 X 0 0 0 ARMANDO CHARDIET DIRECTOR 0.40 X 0 0 0 JANE SCHWAB DIRECTOR 0.30 X 0 0 0 DR BRYAN PATTERSON DIRECTOR 0.20 X 0 0 0 ELISSA MOORE DIRECTOR 0.80 X 0 0 0 RICK RAY DIRECTOR 0.20 X 0 0 0 SALLY SAUSSY DIRECTOR 0.20 X 0 0 0 SAYRE LINEBERGER DIRECTOR 0.20 X 0 0 0 WILLIAM STATES LEE IV DIRECTOR 0.40 X 0 0 0 COCO KILLIAN DIRECTOR 0.50 X 0 0 0 CHIP NISBET DIRECTOR 0.40 X 0 0 0 BETSY CONWAY DIRECTOR 0.20 X 0 0 0 CHARLIE WELCH DIRECTOR 0.50 X 0 0 0 JOHN WESTER DIRECTOR 0.60 X 0 0 0 RONNIE BRYANT DIRECTOR 0.40 X 0 0 0 DEE RAY DIRECTOR 0.20 X 0 0 0 MICHAEL BLAIR DIRECTOR 0.50 X 0 0 0 LISA GUERRIERO CFO 50.00 X 166882 0 16422 PETER BLAIR PRESIDENT & CEO 50.00 X 302177 0 16219 CHRYSTAL JOY DIRECTOR - LEE INSTITUTE 50.00 X 145580 0 7242 RONDEL BALITAAN GEN MGR - DUKE MANSION 50.00 X 116687 0 4721 GINA ESQUIVEL DIRECTOR - LEE INSTITUTE 50.00 X 113940 0 8810 845266 0 53414 5 0 1 0 EURESTCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1701046 PATRICIA HIGGINS MARTIN 713 SEBRENA PLACE CHARLOTTE NC 28211 FUNDRAISING 167510 DREAM HOME BUILDERS AND REMODELERS LLC 10611 A LANCASTER HWY 337 CHARLOTTE NC 28277 REMODELING 160279 3 366213 334603 20289 700816 DUKE MANSION REVENUES 721000 4213685 4213685 LEE INSTITUTE FEES 721000 383023 383023 4596708 1750 1750 367 1863 0 0 367 1863 2230 2230 61445 366213 65418 -3973 -3973 6622 1873 4749 4749 5302280 4601457 0 7 501701 57311 313847 130543 2419007 2210289 127528 81190 36215 34451 1314 450 279075 262258 13043 3774 208504 169683 27130 11691 40943 40943 3768 3768 55000 55000 154510 154510 67181 67181 144724 144724 51322 50074 100 1148 277819 254413 9449 13957 70584 70584 229160 210418 9326 9416 5829 5720 26 83 25097 25097 87422 32032 29268 26122 303753 299935 2018 1800 104253 104253 PROGRAM SERVICE SUPPLIE 465091 465091 PROGRAM COSTS 158346 158346 COMMISSIONS 145216 145216 AMORTIZATION EXPENSE - 91882 33666 30762 27454 303396 217222 5747 80427 6229798 5050494 636739 542565 750 378626 1895550 649503 852491 551000 172682 114094 6325 5835 62628 42537 14974646 8831901 6033474 6142745 11003552 13291601 4272480 4180599 24299932 25356540 425972 391777 731464 1006172 4359385 4354307 5516821 5752256 X 7236283 7977850 11546828 11626434 18783111 19604284 24299932 25356540 -927518 1748691 0 X X 0 1 X 1 0 X 711898 931685 2072791 1883489 725399 6325262 711898 931685 2072791 1883489 725399 6325262 1572130 4753132 3 3 2 12 1750 1770 52830 24952 29562 60970 61445 229759 6556791 19029865 0.72490 0.71550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4598928 X X 0 11003551 1079000 1742925 466695 67181 13291600 12897242 502000 -1968972 363088 63631 11003551 10788338 663400 1509750 64246 12897242 10862282 1036118 1053973 56089 10788338 9434831 301200 1795823 606428 63144 10862282 0.17600 0.82400 1 0 2000000 2000000 2665265 1193396 1471869 5103638 4647000 456638 914837 717139 197698 4290906 2274366 2016540 6142745 INVESTMENTS HELD AT FOUNDATION FOR THE CAROLINAS 13291601 F 13291601 RIGHT-OF-USE ASSET - FINANCE LEASE 4180599 4180599 SHORT-TERM LEASE LIABILITY - FINANCE LEASE 10023 LONG-TERM LEASE LIABILITY - FINANCE LEASE 4344284 4354307 X 7073802 1748691 24583 65419 1838693 5235109 67171 67171 5302280 6252629 24583 65419 90002 6162627 67171 67171 6229798 PART III, LINE 4: THE PRIMARY HISTORICAL TREASURE THAT IS MAINTAINED BY THE LYNNWOOD FOUNDATION IS THE DUKE MANSION ITSELF. BUILT IN 1915, IT IS ONE OF THE LARGEST PRIVATE HOMES IN NORTH CAROLINA AND IS ONE OF THE LARGEST EXAMPLES OF COLONIAL REVIVAL ARCHITECTURE. LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, ITS IMPORTANCE INCLUDES THE OWNERSHIP BY JAMES BUCHANAN DUKE, A NOTED ENTREPRENEUR AND INDUSTRIALIST. IN ADDITION, THERE ARE ORIGINAL WORKS OF ART AND ANTIQUE FURNITURE ON DISPLAY AT THE MANSION. PART V, LINE 4: INCOME EARNED FROM THE TRUST ASSETS ARE USED TO OPERATE THE DUKE MANSION AND THE LEE INSTITUTE. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF DECEMBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 65,419. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 65,419. X X X X X X 1 PATRICIA MARTIN 713 SEBRENA PLACE CHARLOTTE NC 28211 PRESERVATION GALA, COLONNADE EVENTS, CAPITAL CAMPAIGN, ENDOW 0 427658 167510 260148 427658 167510 260148 NC PRESERVATION GALA 151119 89674 61445 27892 COLONNADE EVENT 276539 276539 37526 427658 366213 61445 65418 65418 -3973 X X X 0 0 0 1 0 1 0 0 0 PETER BLAIR PRESIDENT & CEO 272859 0 29318 0 0 0 6497 0 9722 0 318396 0 0 0 LISA GUERRIERO CFO 159657 0 7225 0 0 0 7628 0 8794 0 183304 0 0 0 CHRYSTAL JOY DIRECTOR - LEE INSTITUTE 141705 0 3875 0 0 0 6635 0 607 0 152822 0 0 0 PART I, LINE 5 BONUSES WERE BASED ON PERFORMANCE OF REVENUE AND NET EARNINGS AS WELL AS OTHER GOALS. PART I, LINE 6 BONUSES WERE BASED ON PERFORMANCE OF REVENUE AND NET EARNINGS AS WELL AS OTHER GOALS. X 1 5600 COST X 7 8089 AVERAGE VAL ON CONT DATE X FURNITURE AND HOUSEHOLD ITEMS 2 6600 ESTIMATED VALUE 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN B THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: IN 2023, THE ORGANIZATION USED WELLS FARGO AND UWHARRIE INVESTMENT GROUP TO PROCESS CONTRIBUTIONS OF SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS RICK RAY AND DEE RAY ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 3 THE COMPASS GROUP USA, INC. WAS HIRED TO MANAGE THE FOOD & BEVERAGE DEPARTMENT OF THE DUKE MANSION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS EMAILED TO THE BOARD MEMBERS PRIOR TO FILING WITH TIME ALLOWED FOR COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE ASKED TO DISCLOSE ANY INTEREST ON AN ANNUAL BASIS THAT COULD GIVE RISE TO A VIOLATION OF THE CONFLICT OF INTEREST POLICY. PURCHASING AND CONTRACTING DECISIONS ARE MADE AT THE STAFF EXECUTIVE LEVEL. THE SENIOR STAFF MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE WHICH IS MADE UP OF VOLUNTEER BOARD MEMBERS. IT IS APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. THE DECISIONS REGARDING THE COMPENSATION OF THE PRESIDENT ARE GUIDED BY REVIEWING AN ANNUAL INDEPENDENT MARKET ASSESSMENT OF COMPENSATION FOR PEER GROUP NON PROFIT CEOS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.