Nonprofit · EIN 62-6044177
LYNDHURST FOUNDATION INC
Tax-exempt · CHATTANOOGA, TN 37403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,568,585 | $8,739,228 | $1,829,357 | $124,986,009 | $3,073 | $124,982,936 |
| December 31, 2023 | 990-PF | $2,720,630 | $5,670,592 | -$2,949,962 | $123,155,746 | $2,167 | $123,153,579 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,371,015
- Net gain from sales of assets
- $9,140,201
- Other income
- -$942,631
Expenses
- Grants and similar amounts paid
- $6,974,153
- Compensation of officers, directors and key employees
- $339,267
- Salaries, compensation and benefits (total)
- $667,416
- Disbursements for charitable purposes
- $8,412,672
- Excise tax on investment income
- $141,770
Balance sheet and other
- Total assets, start of year
- $123,155,746
- Total assets, end of year
- $124,986,009
- Total liabilities, end of year
- $3,073
- Net assets, end of year
- $124,982,936
- Fair market value of assets
- $154,165,372
- Qualifying distributions
- $8,412,672
- Net investment income
- $10,333,906
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Benic M Clark III 517 East Fifth Street, Chattanooga, TN 37403 | President and Treasurer | 40 | $317,767 | $31,286 |
| Macon C Toledano 517 East Fifth Street, Chattanooga, TN 37403 | Associate Director Highest-paid employee | 40 | $257,112 | $25,376 |
| Kathleen E Nolte 517 East Fifth Street, Chattanooga, TN 37403 | Program Officer Highest-paid employee | 40 | $147,095 | $14,127 |
| Nena F Powell 517 East Fifth Street, Chattanooga, TN 37403 | Controller Highest-paid employee | 40 | $145,842 | $14,181 |
| Sarah C Cox 517 East Fifth Street, Chattanooga, TN 37403 | Executive Assistant Highest-paid employee | 40 | $107,754 | $10,759 |
| Andrew Carroll 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $8,000 | $0 |
| Aaron Webb 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $6,000 | $0 |
| Melony Collins 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $4,000 | $0 |
| Ann Coulter 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $3,000 | $0 |
| Rachel Schulson 517 East Fifth Street, Chattanooga, TN 37403 | trustee | 2 | $500 | $0 |
| Tom White 517 East Fifth Street, Chattanooga, TN 37403 | Chairman of the Board | 2 | $0 | $0 |
| Dana B Perry 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $0 | $0 |
| Carter Newbold 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $0 | $0 |
| Curtis L Collier 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Benic M Clark III 517 East Fifth Street, Chattanooga, TN 37403 | President and Treasurer | 40 | $309,160 | $29,601 |
| Macon C Toledano 517 East Fifth Street, Chattanooga, TN 37403 | Associate Director Highest-paid employee | 40 | $248,830 | $23,964 |
| Nena F Powell 517 East Fifth Street, Chattanooga, TN 37403 | Controller Highest-paid employee | 40 | $140,930 | $13,047 |
| Kathleen E Nolte 517 East Fifth Street, Chattanooga, TN 37403 | Program Officer Highest-paid employee | 40 | $140,782 | $13,010 |
| Sarah C Cox 517 East Fifth Street, Chattanooga, TN 37403 | Executive Assistant Highest-paid employee | 40 | $107,463 | $10,152 |
| Andrew Carroll 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $7,000 | $0 |
| Aaron Webb 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $6,000 | $0 |
| Melony Collins 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $4,000 | $0 |
| Ann Coulter 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $3,000 | $0 |
| Tom White 517 East Fifth Street, Chattanooga, TN 37403 | Chairman of the Board | 2 | $0 | $0 |
| Dana B Perry 517 East Fifth Street, Chattanooga, TN 37403 | Trustee, Secretary | 2 | $0 | $0 |
| Carter Newbold 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $0 | $0 |
| Curtis L Collier 517 East Fifth Street, Chattanooga, TN 37403 | Trustee | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 517 E 5TH ST, CHATTANOOGA, TN 37403-1826
- Signed the 990-PF
- Benic M Clark III, Pres/Treasurer
- Phone
- (423) 756-0767
- Website
- www.lyndhurstfoundation.org
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 62-6044177
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $124,986,009
- Income (IRS master file)
- $10,568,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $10,568,585 | $8,739,228 | $124,986,009 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,720,630 | $5,670,592 | $123,155,746 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 62-6044177).
Questions about LYNDHURST FOUNDATION INC
- What is the EIN of LYNDHURST FOUNDATION INC?
- The employer identification number (EIN) of LYNDHURST FOUNDATION INC is 62-6044177.
- Is LYNDHURST FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to LYNDHURST FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LYNDHURST FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LYNDHURST FOUNDATION INC 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 LYNDHURST FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LYNDHURST FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 10 received compensation from the organization, the highest $317,767 (Benic M Clark III, President and Treasurer).
- How much revenue does LYNDHURST FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,568,585, expenses of $8,739,228 and total assets of $124,986,009 at year end.
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