Robert I Lappin Charitable Foundation
- Assets
- $25.8m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 04-6579206
Organization Overview
Robert I Lappin Charitable Foundation is located in Beverly, MA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert I Lappin Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Robert I Lappin Charitable Foundation generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 14.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Robert I Lappin Charitable Foundation has awarded 112 individual grants totaling $1,160,228. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH TO ISRAEL, AN EDUCATIONAL PROGRAM FOR JEWISH TEENS AND THEIR PARENTS, TEACHES ABOUT ISRAEL, INCLUDING RELIGION, CULTURE, HISTORY AND PEOPLE. YOUTH TO ISRAEL INCLUDES A COMMUNITY TRIP TO ISRAEL FOR TEENS IN JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Coltin Trustee | 40 | $242,848 | |
Sarah Ovadia Development Dir. | 40 | $105,907 | |
Susan Feinstein Operations Mgr. | 40 | $59,281 | |
Andrew Lappin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,951,231 |
| Interest on Savings | $11 |
| Dividends & Interest | $526,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,015,952 |
| Capital Gain Net Income | $3,015,952 |
| Net ST Capital Gain | $835,310 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,247 |
| Total Revenue | $11,526,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $256,780 |
| Other employee salaries and wages | $222,672 |
| Pension plans, employee benefits | $24,473 |
| Interest | $0 |
| Taxes | $43,256 |
| Depreciation | $2,629 |
| Occupancy | $11,584 |
| Travel, conferences, and meetings | $493 |
| Printing and publications | $190 |
| Other expenses | $48,563 |
| Total operating and administrative expenses | $951,744 |
| Contributions, gifts, grants paid | $174,015 |
| Total expenses and disbursements | $1,125,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,064 |
| Savings and temporary cash investments | $26,439 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $10,512 |
| Other assets | $25,599,153 |
| Total assets | $25,760,168 |
| Accounts payable and accrued expenses | $1,924 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,924 |
Grants Awarded
Over the last fiscal year, Robert I Lappin Charitable Foundation has awarded $174,015 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
OPENDOR MEDIA PURPOSE: FOR ONGOING OPERATIONS | $100,000 |
Cedarhurst, NY PURPOSE: FOR ONGOING OPERATIONS | $27,500 |
THE FOUNDATION FOR DEFENSE OF DEMOCRACY PURPOSE: FOR ONGOING OPERATIONS | $5,000 |
FRIENDS OF ELNET PURPOSE: FOR ONGOING OPERATIONS | $5,000 |
Philadelphia, PA PURPOSE: FOR ONGOING OPERATIONS | $5,000 |
CLARION PROJECT PURPOSE: FOR ONGOING OPERATIONS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert I Lappin Charitable Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Gordon Foundation Danvers, MA PURPOSE: UNRESTRICTED GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |