Nonprofit · EIN 56-1987315
THE LYNNWOOD FOUNDATION
Tax-exempt · CHARLOTTE, NC 28207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,458,366 | $6,864,279 | -$405,913 | $26,852,164 | $6,090,419 | $20,761,745 |
| December 31, 2023 | 990 | $5,302,280 | $6,229,798 | -$927,518 | $25,356,540 | $5,752,256 | $19,604,284 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,216,961
- of which government grants
- $407,576
- Program service revenue
- $5,269,205
- Investment income
- $19,602
- Net gain from sales of assets
- $338
- Net income from fundraising events
- -$50,824
- Net income from sales of inventory
- $3,422
- Other revenue
- -$47,402
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $560,341
- Other salaries and wages
- $2,615,458
- Salaries, compensation and benefits (total)
- $3,707,981
- Professional fundraising fees
- $165,579
- Legal fees
- $37,678
- Accounting fees
- $37,150
- Occupancy
- $281,150
- Travel
- $6,470
- Depreciation
- $313,838
- Program services (functional)
- $5,505,877
- Management and general (functional)
- $837,602
- Fundraising (functional)
- $520,800
Balance sheet and other
- Total assets, start of year
- $25,356,540
- Total assets, end of year
- $26,852,164
- Total liabilities, end of year
- $6,090,419
- Net assets, end of year
- $20,761,745
- Land, buildings and equipment
- $6,179,791
- Net assets without donor restrictions
- $9,094,118
- Net assets with donor restrictions
- $11,667,627
- Gross receipts
- $7,065,737
- Employees
- 47
- Volunteers
- 60
- Year formed
- 1996
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER BLAIR | PRESIDENT & CEO Officer | 48.22 | $335,967 | $16,757 |
| CHRYSTAL JOY | DIRECTOR - LEE INSTITUTE Highest-paid employee | 48.22 | $156,583 | $7,596 |
| RONDEL BALITAAN | GEN MGR - DUKE MANSION Highest-paid employee | 48.22 | $145,834 | $5,031 |
| LISA GUERRIERO | CFO Officer | 48.22 | $101,147 | $9,779 |
| ANGEL ADAMS | CFO Officer | 48.22 | $98,875 | $232 |
| RUTHERFORD BRYSON III | CHAIRPERSON Trustee or director, Officer | 0.44 | $0 | $0 |
| MARY LONG | TREASURER Trustee or director, Officer | 0.44 | $0 | $0 |
| LINDA WEISBRUCH | SECRETARY Trustee or director, Officer | 0.44 | $0 | $0 |
| KWAME ALEXANDER | DIRECTOR Trustee or director | 0.44 | $0 | $0 |
| BEVERLY ALLEN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN BENSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL BLAIR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RONNIE BRYANT | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| ARMANDO CHARDIET | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| BETSY CONWAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COCO KILLIAN | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM STATES LEE IV | DIRECTOR Trustee or director | 0.44 | $0 |
| SAYRE LINEBERGER | DIRECTOR Trustee or director | 0.44 | $0 |
| LINDA LOCKMAN-BROOKS | DIRECTOR Trustee or director | 0.44 | $0 |
| RON MILLER | DIRECTOR Trustee or director | 0.44 | $0 |
| ELISSA MOORE | DIRECTOR Trustee or director | 0.44 | $0 |
| CHIP NISBET | DIRECTOR Trustee or director | 0.44 | $0 |
| DR BRYAN PATTERSON | DIRECTOR Trustee or director | 0.44 | $0 |
| DEE RAY | DIRECTOR Trustee or director | 0.44 | $0 |
| RICK RAY | DIRECTOR Trustee or director | 0.44 | $0 |
| LISA RHYNE | DIRECTOR Trustee or director | 0.44 | $0 |
| SALLY SAUSSY | DIRECTOR Trustee or director | 0.44 | $0 |
| JANE SCHWAB | DIRECTOR Trustee or director | 0.44 | $0 |
| CHARLIE WELCH | DIRECTOR Trustee or director | 0.44 | $0 |
| JOHN WESTER | DIRECTOR Trustee or director | 0.44 | $0 |
| KEVA WOMBLE | DIRECTOR Trustee or director | 0.44 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER BLAIR | PRESIDENT & CEO Officer | 50 | $302,177 | $16,219 |
| LISA GUERRIERO | CFO Officer | 50 | $166,882 | $16,422 |
| CHRYSTAL JOY | DIRECTOR - LEE INSTITUTE Highest-paid employee | 50 | $145,580 | $7,242 |
| GINA ESQUIVEL | DIRECTOR - LEE INSTITUTE Highest-paid employee | 50 | $113,940 | $8,810 |
| RONDEL BALITAAN | GEN MGR - DUKE MANSION Highest-paid employee | 50 | $116,687 | $4,721 |
| RUTHERFORD BRYSON III | CHAIRPERSON Trustee or director, Officer | 0.9 | $0 | $0 |
| MARY LONG | TREASURER Trustee or director, Officer | 0.9 | $0 | $0 |
| LINDA WEISBRUCH | SECRETARY Trustee or director, Officer | 0.9 | $0 | $0 |
| BEN BENSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BEVERLY ALLEN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ARMANDO CHARDIET | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JANE SCHWAB | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DR BRYAN PATTERSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ELISSA MOORE | DIRECTOR Trustee or director | 0.8 | $0 | $0 |
| RICK RAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SALLY SAUSSY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SAYRE LINEBERGER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| WILLIAM STATES LEE IV | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| COCO KILLIAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHIP NISBET | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| BETSY CONWAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHARLIE WELCH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN WESTER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| RONNIE BRYANT | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| DEE RAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL BLAIR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 HERMITAGE RD, CHARLOTTE, NC 28207-1842
- In care of
- % LISA GUERRIERO
- Principal officer (990 for 2024)
- PETER BLAIR, 400 HERMITAGE ROAD, CHARLOTTE, NC 28207
- Signed the 990
- PETER BLAIR, PRESIDENT & CEO
- Phone
- (704) 375-4400
- Website
- WWW.LYNNWOODFOUNDATION.ORG
- Return prepared by
- GREERWALKER LLP
Mission
THE LYNNWOOD FOUNDATION, A NONPROFIT ORGANIZATION ESTABLISHED IN 1996, HAS A TWOFOLD MISSION: TO PRESERVE AND CARE FOR DUKE MANSION, A NATIONAL HISTORIC SITE, AND OPERATE LEE INSTITUTE. WE PRESERVE DUKE MANSION AS A NONPROFIT HISTORIC INN, GARDENS AND MEETING PLACE MAKING IT ACCESSIBLE TO THE COMMUNITY AND SHOWCASING ITS HISTORY. LEE INSTITUTE BUILDS AND TRANSFORMS COMMUNITY BY STRENGTHENING NONPROFITS, EMPOWERING LEADERS AND ENGAGING PEOPLE.
Program accomplishments
- DUKE MANSION: THE PRESERVATION AND PROTECTION OF DUKE MANSION HAS CONTINUED WITH MAINTENANCE AND CAPITAL INVESTMENT OF THE HOUSE AND GROUNDS. DUKE MANSION SHOWCASES ITS HISTORY BY BEING OPEN TO THE COMMUNITY FOR ALL TYPES OF EVENTS AND THROUGH PERMANENT EXHIBITS. THE GARDENS ARE OPEN NEARLY EVERY DAY FOR VISITORS. IT ALSO PROVIDES ITS OWN ANNUAL PROGRAMMING FREE TO THE PUBLIC INCLUDING HISTORY LECTURES. DURING THE PANDEMIC, WE DID NOT PROVIDE OUR USUAL GUIDED GARDEN TOURS AND AN ANNUAL COMMUNITY-WIDE OPEN HOUSE.Expenses $4,842,794 · revenue $5,058,862
- LEE INSTITUTE: LEE INSTITUTE SERVES AND STRENGTHENS ORGANIZATIONS AND INDIVIDUALS WHO SHARE OUR COMMITMENT TO BUILDING GREAT COMMUNITIES. LEE INSTITUTE PROVIDED FACILITATION, CIVIC ENGAGEMENT, CONSULTING AND LEADERSHIP TRAINING TO NON-PROFITS, GOVERNMENTS AND COMMUNITY GROUPS LOCALLY, REGIONALLY AND STATEWIDE.Expenses $663,083 · revenue $213,765
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1987315
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A82Z)
- Assets (IRS master file)
- $26,852,164
- Income (IRS master file)
- $7,065,737
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,458,366 | $6,864,279 | $26,852,164 | IRS |
| 990 | December 2023 | $5,302,280 | $6,229,798 | $25,356,540 | XML |
| 990 | December 2022 | $6,440,405 | $5,917,767 | $24,299,932 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1987315).
Questions about THE LYNNWOOD FOUNDATION
- What is the EIN of THE LYNNWOOD FOUNDATION?
- The employer identification number (EIN) of THE LYNNWOOD FOUNDATION is 56-1987315.
- Is THE LYNNWOOD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THE LYNNWOOD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LYNNWOOD FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE LYNNWOOD FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LYNNWOOD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE LYNNWOOD FOUNDATION?
- The 990 for the year ended December 31, 2024 names PETER BLAIR.
- Who are the officers and directors of THE LYNNWOOD FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 31 people; 5 received compensation from the organization, the highest $335,967 (PETER BLAIR, PRESIDENT & CEO).
- How much revenue does THE LYNNWOOD FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,458,366, expenses of $6,864,279 and total assets of $26,852,164 at year end.
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