Lippy Foundation
- Assets
- $314.8k
- Revenue
- $39.2k
- Investments
- $266.7k
- Employees
- 0
- Location
- Warren, OH
- Founding
- 02/1969
- Data as of
- 12/2021
- EIN
- 23-7003982
Organization Overview
Lippy Foundation is located in Warren, OH. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lippy 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, Lippy Foundation generated $39.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $46.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lippy Foundation has awarded 189 individual grants totaling $390,531. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen R Lippy Trustee | 0 | $0 | |
William H Lippy Trustee | 0 | $0 | |
Sandra Lippy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,784 |
| Interest on Savings | $598 |
| Dividends & Interest | $4,372 |
| Net Rental Income | -$229 |
| Net Gain on Sale of Assets | $21,368 |
| Capital Gain Net Income | $21,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,049 |
| Total Revenue | $39,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,300 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,187 |
| Total operating and administrative expenses | $10,157 |
| Contributions, gifts, grants paid | $36,349 |
| Total expenses and disbursements | $46,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,065 |
| Savings and temporary cash investments | $0 |
| 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 | $266,704 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $314,770 |
| 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, Lippy Foundation has awarded $36,349 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ISRAEL TENNIS & EDUCATION CENTERS PURPOSE: COMMUNITY SERVICE | $16,592 |
Boca Raton, FL PURPOSE: RELIGIOUS | $4,913 |
ISRAEL TENNIS CENTERS PURPOSE: COMMUNITY SERVICE | $3,111 |
Boca Raton, FL PURPOSE: MEDICAL RESEARCH | $2,000 |
JEWISH FEDERATION OF SOUTH PURPOSE: COMMUNITY SERVICE | $1,800 |
TEMPLE BETH SHALOM PURPOSE: GENERAL OPERATIONS | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |