Lippitt Club Inc
- Assets
- $32.3k
- Revenue
- $29.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterbury Center, VT
- Founding
- 11/2006
- Data as of
- 12/2019
- EIN
- 20-2517064
Organization Overview
Lippitt Club Inc is located in Waterbury Center, VT. The organization was established in 2006. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lippitt Club Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2019, Lippitt Club Inc generated $29.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $24.4k during the year ending 12/2019. While expenses have increased by 3.0% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PRESERVE THE RARE FAMILY OF MORGAN HORSE KNOWN AS LIPPITTS. LIPPITTS HAVE NO KNOWN OUTCROSSES IN THE 20TH CENTURY. ALSO TO IMPROVE, PROMOTE AND PERPETUATE THE LIPPITT STRAIN OF MORGAN HORSE. TO COOPERATE WITH THE AMHA INC. IN PROMOTING THE MORGAN AND PROVIDE A UNITED VOICE AND EFFORT IN SUPPORT OF THE LIPPITT MORGAN AS WELL AS PROMOTE GOOD FELLOWSHIP AND SPORTSMANSHIP AMONG LIPPITT CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS TO PRESERVE THE RARE FAMILY OF MORGAN HORSE KNOWN AS LIPPITTS. LIPPITTS HAVE NO KNOWN OUTCROSSES IN THE 20TH CENTURY. ALSO TO IMPROVE, PROMOTE AND PERPETUATE THE LIPPITT STRAIN OF MORGAN HORSE. TO COOPERATE WITH THE AMHA INC. IN PROMOTING THE MORGAN AND PROVIDE A UNITED VOICE AND EFFORT IN SUPPORT OF THE LIPPITT MORGAN AS WELL AS PROMOTE GOOD FELLOWSHIP AND SPORTSMANSHIP AMONG LIPPITT CLUB MEMBERS.
THE ORGANIZATION'S PURPOSE IS TO PRESERVE THE RARE FAMILY OF MORGAN HORSE KNOWN AS LIPPITTS. LIPPITTS HAVE NO KNOWN OUTCROSSES IN THE 20TH CENTURY. ALSO TO IMPROVE, PROMOTE AND PERPETUATE THE LIPPITT STRAIN OF MORGAN HORSE. TO COOPERATE WITH THE AMHA INC. IN PROMOTING THE MORGAN AND PROVIDE A UNITED VOICE AND EFFORT IN SUPPORT OF THE LIPPITT MORGAN AS WELL AS PROMOTE GOOD FELLOWSHIP AND SPORTSMANSHIP AMONG LIPPITT CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorelei Wyman Treasurer | Officer | 5 | $0 |
Dennis Tatro President | Officer | 5 | $0 |
Susan Beach Vice-Preside | Officer | 5 | $0 |
Claire Wagner Director | Trustee | 2 | $0 |
Barbara Loos Director | Trustee | 2 | $0 |
Heather Astley Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,812 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,757 |
| Advertising and promotion | $7,397 |
| Office expenses | $4,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $975 |
| All other expenses | $0 |
| Total functional expenses | $24,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $32,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Dairy And Food Council Boston, MA | $1,001,138 | $2,290,609 |
Chemung County Agricultural Society Horseheads, NY | $113,700 | $303,132 |
Dutchess County Sheep & Wool Growers Association Inc Red Hook, NY | $1,135,346 | $274,155 |
New York Beef Producers Association Inc Perrysburg, NY | $105,143 | $0 |
Harness Horse Breeders Of New York State Inc Oxford, NY | $204,520 | $36,303 |
Western Ny Quarter Horse Club Inc Lockport, NY | $31,139 | $0 |
South Farmingdale Volunteer & Exempt Firemans Benevolent Assoc South Farmingdale, NY | $1,470,689 | $145,529 |
American Beekeeping Federation Inc Albany, NY | $98,051 | $0 |
Lippitt Club Inc Waterbury Center, VT | $32,341 | $29,300 |
Essex County Beekeepers Association Wakefield, MA | $191,390 | $0 |
New England Alpaca Owners & Breeders Assoc Spofford, NH | $72,172 | $0 |
New York State Jersey Cattle Club Inc Cobleskill, NY | $19,415 | $0 |