Bari Lipp Foundation
- Assets
- $40.5m
- Revenue
- $1.7m
- Investments
- $38.8m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 13-3921302
Organization Overview
Bari Lipp Foundation is located in Albany, NY. The organization was established in 1997. 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. Bari Lipp 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 12/2023, Bari Lipp Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bari Lipp Foundation has awarded 137 individual grants totaling $9,567,886. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT,BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPTUNDER INTERNAL REVENUE CODE SECTION 501 (C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert I Lipp Director | 1 | $0 | |
Jeffrey D Lipp Director | 0 | $0 | |
Wendy A Lipp Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $516,302 |
| Interest on Savings | $33,739 |
| Dividends & Interest | $1,172,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$333,584 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $290,736 |
| Total Revenue | $1,679,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,576 |
| Taxes | $43,321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,178 |
| Total operating and administrative expenses | $169,727 |
| Contributions, gifts, grants paid | $1,510,699 |
| Total expenses and disbursements | $1,680,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,674,983 |
| 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 | $12,471,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $59,894 |
| Total assets | $40,491,540 |
| Accounts payable and accrued expenses | $0 |
| 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 | $11,074,374 |
| Total liabilities | $11,074,374 |
Grants Awarded
Over the last fiscal year, Bari Lipp Foundation has awarded $1,510,699 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BALLETCOLLECTIVE INC PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
CARNEGIE HALL PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
CASA PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
CELIAC DISEASE FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
CENTRAL PARK CONSERVACY PURPOSE: GENERAL CHARITABLE PURPOSES | $3,500 |
CENTRAL SYNAGOGUE PURPOSE: GENERAL CHARITABLE PURPOSES | $60,000 |