Civic Intelligence

David Lynch Trust U 31D007014

990EZ • Fiscal year 2020 • EIN 04-6036508

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 29, 2021

850 Main Street Rc 1215Bridgeport, CT 06604-4913

(802) 872-6852

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

6th percentile

-147%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$1,600

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

43%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$120,025

Down $16,691 (-12%) from 2019

Net Assets

$120,025

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$11,322

Up $3,390 (+43%) from 2019

Expenses

Up

$27,915

Up $25,263 (+953%) from 2019

Net Income

Down

-$16,593

Down $21,873 (-414%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $86,957Liabilities 2011: $02011Assets 2012: $84,233Liabilities 2012: $02012Assets 2013: $116,578Liabilities 2013: $02013Assets 2014: $117,801Liabilities 2014: $02014Assets 2015: $117,664Liabilities 2015: $02015Assets 2016: $117,984Liabilities 2016: $02016Assets 2017: $123,862Liabilities 2017: $02017Assets 2018: $131,460Liabilities 2018: $02018Assets 2019: $136,716Liabilities 2019: $02019Assets 2020: $120,025Liabilities 2020: $0Net Assets 2020: $120,0252020Assets 2021: $126,863Liabilities 2021: $0Net Assets 2021: $126,8632021Assets 2022: $129,294Liabilities 2022: $0Net Assets 2022: $129,2942022Assets 2023: $128,643Liabilities 2023: $0Net Assets 2023: $128,6432023Assets 2024: $135,697Liabilities 2024: $0Net Assets 2024: $135,6972024

Highlighted filing

2020

Assets$120,025
Liabilities$0
Net Assets$120,025

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$20K$0-$20KRevenue 2011: $2,820Expenses 2011: $5,794Net Income 2011: -$2,9742011Revenue 2012: $3,622Expenses 2012: $6,104Net Income 2012: -$2,4822012Revenue 2013: $38,769Expenses 2013: $6,481Net Income 2013: $32,2882013Revenue 2014: $5,555Expenses 2014: $4,367Net Income 2014: $1,1882014Revenue 2015: $1,833Expenses 2015: $1,929Net Income 2015: -$962015Revenue 2016: $2,237Expenses 2016: $2,065Net Income 2016: $1722016Revenue 2017: $7,878Expenses 2017: $2,070Net Income 2017: $5,8082017Revenue 2018: $9,866Expenses 2018: $2,213Net Income 2018: $7,6532018Revenue 2019: $7,932Expenses 2019: $2,652Net Income 2019: $5,2802019Revenue 2020: $11,322Expenses 2020: $27,915Net Income 2020: -$16,5932020Revenue 2021: $7,642Expenses 2021: $4,017Net Income 2021: $3,6252021Revenue 2022: $3,358Expenses 2022: $2,817Net Income 2022: $5412022Revenue 2023: $2,648Expenses 2023: $3,210Net Income 2023: -$5622023Revenue 2024: $9,976Expenses 2024: $2,889Net Income 2024: $7,0872024

Highlighted filing

2020

Revenue$11,322
Expenses$27,915
Net Income-$16,593
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 29, 2021
Return Version
2020v4.0
Gross Receipts
$57,038
Mission and Program Overview

Mission

Provide scholarships to high school graduates attending college

Program Services

DescriptionGrantsExpenses
GENERAL ADMINISTRATION$25,200$27,732
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Trustee-$1,600-$1,600
Filing and Contact Details

Filer

Filer Name
David Lynch Trust U 31d007014
EIN
04-6036508
Phone
8028726852
Address
850 MAIN STREET RC 1215, BRIDGEPORT, CT 06604-4913

Signing Officer

Name
Robert Tyler
Title
SVP
Phone
8028726852
Signed
2021-04-29
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
40 WESTMINSTER STREET, PROVIDENCE, RI 02903
Preparer
Yvonne Donaldson
Phone
6142327013
Supplemental Narrative

Additional Explanations

Section D, Lines 2 and 3

The trustee provides statements to the supported organizations. The trustee communicates by phone or meeting with representative of supported organizations.

Part IV, Section D 2

The organization maintained a close relationship with the supported or ganization through regular meetings with the governing board and discussions of the funding needs of the supporting organization and related investment goals of the supporting organization.

Part IV, Section D 3

The supported organization's funding needs helped the supporting organization make investment decisions through the year.

PART IV, SECTION E 2A

Per terms of the trust document, all of the activities are to support and further the exempt organization. The supporting organization is responsive to the supported organization by addressing their needs and goals throughout the year.

PART IV, SECTION E 2B

The supporting organization would be engaged in additional revenue raising activity if it did not benefit from the trust.

Form 990-EZ, Part I, Line 16

Foreign Taxes on Qualified Foreign 32

Form 990-EZ, Part I, Line 20

TIMING ADJUSTMENT 33

Form 990-EZ, Part I, Line 20

Wash sale and roc adjustment 112 mutual fund factoring and rounding 19

Raw XML Appendix247 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE SCHOLARSHIPS TO HIGH SCHOOL GRADUATES ATTENDING COLLEGE
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IRS990EZ/TotalRevenueAmt011322
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IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
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IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
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IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt015
IRS990ScheduleA/SupportedOrganizationsTotalCnt015
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt90
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt92400
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt122400
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt131200
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt141600
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF NEW HAMPSHIRE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1UNIVERSITY OF SOUTH FLORIDA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2LASELL UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3ROGER WILLIAMS UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4BRIDGEWATER STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5UNIVERSITY OF MASSACHUSETTS - AMHERST
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6UNIVERSITY OF MASSACHUSETTS - LOWELL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt7HIGHPOINT UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt8SALEM STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt9SUFFOLK UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt10SAINT ANSELM COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt11UNIVERSITY OF CONNECTICUT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt12NORTH SHORE COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt13SALVE REGINA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt14CHAMPLAIN COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt025200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEE PROVIDES STATEMENTS TO THE SUPPORTED ORGANIZATIONS. THE TRUSTEE COMMUNICATES BY PHONE OR MEETING WITH REPRESENTATIVE OF SUPPORTED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization maintained a close relationship with the supported or ganization through regular meetings with the governing board and discussions of the funding needs of the supporting organization and related investment goals of the supporting organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The supported organization's funding needs helped the supporting organization make investment decisions through the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Per terms of the trust document, all of the activities are to support and further the exempt organization. The supporting organization is responsive to the supported organization by addressing their needs and goals throughout the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The supporting organization would be engaged in additional revenue raising activity if it did not benefit from the trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Foreign Taxes on Qualified Foreign 32
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TIMING ADJUSTMENT 33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WASH SALE AND ROC ADJUSTMENT 112 MUTUAL FUND FACTORING AND ROUNDING 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SECTION D, LINES 2 AND 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, SECTION D 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART IV, SECTION D 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IV, SECTION E 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART IV, SECTION E 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 20
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP
ReturnHeader/BusinessOfficerGrp/PhoneNum08028726852
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVID LYNCH TRUST U 31D007014
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ReturnHeader/Filer/EIN0046036508
ReturnHeader/Filer/PhoneNum08028726852
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903
ReturnHeader/PreparerPersonGrp/PhoneNum06142327013
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YVONNE DONALDSON
ReturnHeader/ReturnTs02021-04-30T10:00:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.10$0.03$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.03$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.03$0.03$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.08$0.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.11$0.28$0.17
2019Summary only. Only limited summary data is available for this year.$1.37$0.00$0.08$0.03$0.05
2018Summary only. Only limited summary data is available for this year.$1.31$0.00$0.10$0.02$0.08
2017Summary only. Only limited summary data is available for this year.$1.24$0.00$0.08$0.02$0.06
2016Summary only. Only limited summary data is available for this year.$1.18$0.00$0.02$0.02$0.00
2015Summary only. Only limited summary data is available for this year.$1.18$0.00$0.02$0.02$0.00
2014Summary only. Only limited summary data is available for this year.$1.18$0.00$0.06$0.04$0.01
2013Summary only. Only limited summary data is available for this year.$1.17$0.00$0.39$0.06$0.32
2012Summary only. Only limited summary data is available for this year.$0.84$0.00$0.04$0.06$0.02
2011Summary only. Only limited summary data is available for this year.$0.87$0.00$0.03$0.06$0.03