LYNNEWOOD HALL PRESERVATION FOUNDATION INC

EIN: 834474320 501(c)(3) Arts, Culture & Humanities

ELKINS PARK, PA

Total Revenue
$8,975,784
Total Expenses
$831,811
Total Assets
$9,794,572
Net Assets
$9,172,461
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
PA
Principal Officer
EDWARD THOME
Phone
7179943506
Tax Period
2023-01-01 to 2023-12-31

LYNNEWOOD HALL PRESERVATION FOUNDATION INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 702% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 91% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO PRESERVE AND RESTORE A HISTORICALLY SIGNIFICANT ESTATE IN THE PHILADELPHIA SUBURBS AND TO CREATE PUBLICLY ACCESSIBLE SPACE FOR RECREATION. THE ORGANIZATION IS DEDICATED TO THE MISSION OF EDUCATING OTHERS ON THE HISTORY OF THE ARCHITECTURE, THE FAMILY MEMBERS AND THE SIGNIFICANCE OF THE PROPERTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,954,441
Program Service Revenue $0
Investment Income $627
Other Revenue $20,716
TOTAL REVENUE $8,975,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $305,649
Fundraising Expenses $77,731
Program Expenses $591,036
Other Expenses $526,162
TOTAL EXPENSES $831,811

Year-over-Year Comparison

2023 2022 Change
Revenue $8,975,784 $1,119,398 +7.0%
Expenses $831,811 $90,910 +8.1%
Net Income $8,143,973 $1,028,488 +6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$225,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BENTLEY CHAIRMAN UNTIL AUG 23 1.00
Officer Director
$0 $0 $0
PETER R WIDENER CHAIRMAN - CURRENT 1.00
Officer Director
$0 $0 $0
GREGORY DENESEVICH TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER ROBINSON SECRETARY 1.00
Officer Director
$0 $0 $0
PETER OYLOE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRUCE BALDWIN BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE COATES BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELA BARKER BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN DUNN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN CONSTABLE BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN BENTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
ANGIE VAN SCYOC CHIEF OPERATING OFFICER 40.00
Officer
$135,000 $0 $135,000
EDWARD THOME CEO/EXECUTIVE DIRECTOR 40.00
Officer
$90,000 $0 $90,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,975,784 $831,811 $9,794,572 $8,143,973
2022 $1,119,398 $90,910 $1,032,893 $1,028,488
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