Lapidus-Cohen Foundation Inc
- Assets
- $1.4m
- Revenue
- $120.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Pikesville, MD
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 52-2054016
Organization Overview
Lapidus-Cohen Foundation Inc is located in Pikesville, MD. The organization was established in 1998. 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. Lapidus-Cohen 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, Lapidus-Cohen Foundation Inc generated $120.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $76.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lapidus-Cohen Foundation Inc has awarded 29 individual grants totaling $203,716. 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 |
|---|---|---|---|
Simone Lapidus President | 0 | $0 | |
Alvin M Lapidus Vp/secretary | 0 | $0 | |
Lois F Lapidus Vp/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,039 |
| Capital Gain Net Income | $65,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,948 |
| Taxes | $1,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $635 |
| Total operating and administrative expenses | $4,906 |
| Contributions, gifts, grants paid | $71,572 |
| Total expenses and disbursements | $76,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,178 |
| Savings and temporary cash investments | $17,839 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,358,253 |
| 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, Lapidus-Cohen Foundation Inc has awarded $71,572 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS YAAKOV PURPOSE: RELIGIOUS CHARITY | $3,000 |
BETH EL CONGREGATION PURPOSE: RELIGIOUS CHARITY | $4,572 |
BOYSTOWN JERUSALEM CO RABBI DAVID HERMAN PURPOSE: RELIGIOUS CHARITY | $1,000 |
CHAARE CHAIM PURPOSE: RELIGIOUS CHARITY | $5,000 |
CIRCLE CAMPS PURPOSE: GENERAL | $2,000 |
MESVITA SHAAREI CHAM CORP PURPOSE: RELIGIOUS CHARITY | $3,600 |