Lappin Foundation
- Assets
- $814.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Beverly, MA
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1614193
Organization Overview
Lappin Foundation is located in Beverly, MA. The organization was established in 2013. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Lappin Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lappin 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, Lappin Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 16.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAPPIN FOUNDATION'S MISSION IS ENHANCING JEWISH IDENTITY ACROSS GENERATIONS, IN THE JEWISH COMMUNITY AND BEYOND. SIGNIFICANT ACTIVITIES INCLUDE: JEWISH CULTURE, HISTORY, AND IDENTITY PROGRAMS FOR JEWISH CHILDREN, TEENS, ADULTS, FAMILIES AND TEACHERS; YOUTH TO ISRAEL ADVENTURE, A TEEN EDUCATIONAL TRAVEL EXPERIENCE TO ISRAEL; PROGRAMS FOR SCHOOLS ABOUT ISRAEL, THE HOLOCAUST, AND ANTISEMITISM; INTERFAITH OUTREACH, ALLYSHIP-BUILDING WITH MINORITY COMMUNITIES, LAW ENFORCEMENT AND LEGISLATORS; AND DEVELOPING RESOURCES FOR EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH TO ISRAEL ADVENTURE, Y2I, WHICH INCLUDED JEWISH TEENS, TEENS WITH DISABILIITIES AND/OR SPECIAL NEEDS. Y2I, A RITE OF PASSAGE FOR JEWISH TEENS, IS OPEN TO JEWISH TEENS WHO ARE SOPHOMORES OR JUNIORS IN HIGH SCHOOL AND WHO LIVE IN THE FOUNDATION'S SERVICE AREA, REGARDLESS OF LEVEL OF JEWISH OBSERVANCE, EDUCATION, AFFILIATION OR ABILITIES. ITS GOAL IS TO INSPRIRE TEENS TO STAY JEWISH AND TO RAISE THEIR OWN CHILDREN JEWISH BY BUILDING JEWISH PRIDE, CONNECTING THEM TO ISRAEL, AND IMBUING IN THEM LOVE OF AND RESPONSIBILITY FOR THE JEWISH FAMILY.
PROVIDING PROGRAMS FOR CHILDREN, TEENS, ADULTS, AND JEWISH AND INTERFAITH FAMILIES, INCLUDING PJ LIBRARY, REKINDLE SHABBAT, HOLIDAYS, HOLOCAUST AND ANTISEMITISM EDUCATION, INTRODUCTION TO JUDAISM, ISRAEL, LEADERSHIP DEVELOPMENT, AND CURRENT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Coltin Executive Director | 40 | $272,856 | |
Sarah Ovadia Development Dir. | 40 | $162,446 | |
Deborah Coltin President | OfficerTrustee | 40 | $0 |
Howard Rich Vice President | OfficerTrustee | 1 | $0 |
Jody Kipnis Assistant Clerk | OfficerTrustee | 1 | $0 |
Stacey Comito Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $781,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,781,646 |
| Total Program Service Revenue | $34,960 |
| Investment income | $11,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,838,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,397 |
| Payroll taxes | $49,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,813 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $785 |
| Fees for services: Other | $97,196 |
| Advertising and promotion | $0 |
| Office expenses | $3,189 |
| Information technology | $14,704 |
| Royalties | $0 |
| Occupancy | $65,506 |
| Travel | $646,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,529 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,094 |
| Insurance | $23,089 |
| All other expenses | $30,144 |
| Total functional expenses | $1,887,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,190 |
| Savings and temporary cash investments | $312,200 |
| Pledges and grants receivable | $100,000 |
| 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 | $6,667 |
| Net Land, buildings, and equipment | $171,434 |
| Investments—publicly traded securities | $78,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $814,073 |
| Accounts payable and accrued expenses | $45,107 |
| 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 | $150,354 |
| Total liabilities | $195,461 |
| Net assets without donor restrictions | $508,694 |
| Net assets with donor restrictions | $109,918 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $814,073 |