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Nonprofiteer
← LYME FOUNDATION

Form 990 for tax year 2024

Filed by LYME FOUNDATION.

Totals

Total revenue
$138,958
Total expenses
$220,397
Contributions and grants received
$107,077
Grants paid
$185,329
Program service revenue
$0
Investment income
$31,881
Other revenue
$0
Total assets, end of year
$1,781,926
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,781,926
Program services expenses (Part IX)
$192,758
Management and general expenses
$24,535
Fundraising expenses
$3,104
Program service expenses (Part III)
$192,758

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,000

  • 1f · All other contributions, gifts and grants

    $101,077

  • 3 · Investment income

    total $31,881 · excluded $31,881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $164,121 · program services $164,121

  • 2 · Grants to domestic individuals

    total $21,208 · program services $21,208

  • 11b · Fees: legal

    total $25 · management and general $25

  • 11c · Fees: accounting

    total $6,997 · management and general $6,997

  • 11f · Fees: investment management

    total $9,941 · management and general $9,941

  • 11g · Fees: other

    total $5,513 · management and general $5,513

  • 13 · Office expenses

    total $3,050 · management and general $402 · fundraising $2,648

  • 14 · Information technology

    total $456 · fundraising $456

  • 23 · Insurance

    total $1,657 · management and general $1,657

  • 24a · Other expenses: COMMUNITY EVENTS

    total $7,429 · program services $7,429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,887 · end of year $71,667

  • 2 · Savings and temporary cash investments

    beginning of year $277,685 · end of year $309,822

  • 12 · Investments: other securities

    beginning of year $874,735 · end of year $939,203

  • 15 · Other assets

    beginning of year $433,247 · end of year $461,234

  • 27 · Net assets without donor restrictions

    beginning of year $728,549 · end of year $712,354

  • 28 · Net assets with donor restrictions

    beginning of year $984,005 · end of year $1,069,572

Mission and programs · 2024

Mission

TO SPONSOR SOCIAL, EDUCATIONAL, RECREATIONAL, AND OTHER PROGRAMS THAT MAINTAIN AND ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE WHO LIVE IN LYME.

Activities or mission (Part I)

TO FURTHER SOCIAL, EDUCATIONAL, RECREATIONAL AND OTHER PROGRAMS WHICH MAINTAIN AND ENHANCE THE QUALITY OF LIFE IN LYME.

  • THIS YEAR THE LYME FOUNDATION WAS FACED WITH INCREDIBLE COMMUNITY NEED AND WAS ABLE TO SUPPORT A NUMBER OF INITIATIVES. IN SUPPORT OF OUR NATURAL ENVIRONMENT, TRAILS AND OUTDOOR RECREATION FACILIITIES, THE FOUNDATION MADE GRANTS TO CONTINUE INVASIVE REMOVAL WORK AT BIG ROCK NATURAL AREA, TO FINISH THE NEAL LOOP TRAIL AND TO CONTINUE TO UPGRADE THE POST POND TO CHAFFEE WILDLIFE AREA TRAIL AND TO IMPROVE THE CAMPSITE AT THE TOWN FOREST, A BOY SCOUT EAGLE PROJECT. THE FOUNDATION FUNDED A NUMBER OF PROJECTS AT THE LYME SCHOOL INCLUDING NEW SIDING ON THE SCHOOL BUILDING, THE ARTIST IN RESIDENCE, SAFETY MATS AT THE BASKETBALL COURT, AND TRAVEL FOR THE LYME LIONS ROBOTICS TEAM TO COMPETE IN THE NATIONAL COMPETITION. THE FOUNDATION CONTINUED TO SUPPORT OUR COMMUNITY BY CONTRIBUTING TO THE EDGELL COVERED BRIDGE REPAIRS, THOSE GUYS' PURCHASE OF A NEW TENT, LYME CHURCH'S PAINTING OF THE EXTERIOR OF THE CHURCH AND STEEPLE REPAIR AND PARTICIPATING IN THE FESTIVAL OF TREES HELD ON THE COMMON EACH DECEMBER.

    Expenses $192,758 · Grants $185,330

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Tadlock

    TRUSTEE THRU OCT 24

    Total calculated
    $0
    Hours/week
    1
  • Joan Barthold

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Margaret Caldwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sarah Eck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Campbell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Manton Copeland

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Greenway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Debra Kilham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Daria Killebrew

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Alicia Willette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Caffrey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Emily Blanchard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lynne Parshall

    TRUSTEE AS OF FEB 2025

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • TOWN OF LYME

    $60,456

    COMMUNITY BENEFIT

  • LYME CONGREGATIONAL CHURCH

    $35,750

    COMMUNITY BENEFIT

  • THE LYME SCHOOL

    $32,791

    COMMUNITY BENEFIT

  • COMMUNITY BENEFIT

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202640489349302404

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