Goodman-Lipman Family Foundation Inc
- Assets
- $11.8m
- Revenue
- $1.2m
- Investments
- $11.8m
- Employees
- 0
- Location
- Larchmont, NY
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 13-4052449
Organization Overview
Goodman-Lipman Family Foundation Inc is located in Larchmont, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Goodman-Lipman Family Foundation Inc 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 12/2022, Goodman-Lipman Family Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 16.1% per year over the past 8 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, Goodman-Lipman Family Foundation Inc has awarded 739 individual grants totaling $16,665,810. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Goodman Director | 5 | $0 | |
Jayne Sarah Lipman Director | 0 | $0 | |
James S Goodman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $309 |
| Dividends & Interest | $91,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $700,779 |
| Capital Gain Net Income | $700,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $367,605 |
| Total Revenue | $1,160,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,923 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $33,782 |
| Contributions, gifts, grants paid | $2,799,188 |
| Total expenses and disbursements | $2,832,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,252 |
| 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 | $6,120,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $175 |
| Total assets | $11,794,281 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Goodman-Lipman Family Foundation Inc has awarded $2,799,188 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE CHANGE INC PURPOSE: GENERAL UNRESTRICTED | $50,000 |
AGAHOZO-SHALOM YOUTH VILLAGE PURPOSE: GENERAL UNRESTRICTED | $10,000 |
AMERICAN FRIENDS OF THE JAFFA INSTITUTE PURPOSE: GENERAL UNRESTRICTED | $1,800 |
AMERICAN JEWISH WORLD SERVICES PURPOSE: GENERAL UNRESTRICTED | $50,000 |
ANTI DEFAMATION LEAGUE PURPOSE: GENERAL UNRESTRICTED | $125,000 |
ARNOLD P GOLDMAN FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $5,000 |