Lipscomb Family Foundation
- Assets
- $14.2m
- Revenue
- $2.5m
- Investments
- $13.5m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 58-1368915
Organization Overview
Lipscomb Family Foundation is located in Denver, CO. The organization was established in 1979. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lipscomb Family 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, Lipscomb Family Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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 2015, Lipscomb Family Foundation has awarded 400 individual grants totaling $4,690,360. 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 |
|---|---|---|---|
Margaret Foster Executive Director | 40 | $120,000 | |
Marshall Foster President | 2 | $3,000 | |
Christopher Cheek Vice President | 2 | $3,000 | |
Guy Tracy Secretary | 2 | $3,000 | |
Georgia L Cheek Treasurer | 2 | $3,000 | |
Louise L Howell Trustee | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106,403 |
| Dividends & Interest | $226,457 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,127,665 |
| Capital Gain Net Income | $2,127,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71 |
| Total Revenue | $2,460,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,115 |
| Interest | $0 |
| Taxes | $25,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,264 |
| Printing and publications | $0 |
| Other expenses | $124,397 |
| Total operating and administrative expenses | $320,815 |
| Contributions, gifts, grants paid | $775,000 |
| Total expenses and disbursements | $1,095,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,225 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,165,344 |
| 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, Lipscomb Family Foundation has awarded $775,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF WESTERN NC PURPOSE: OPERATIONAL SUPPORT | $111,500 |
USC EDUCATIONAL FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $33,000 |
Columbia, SC PURPOSE: OPERATIONAL SUPPORT | $32,000 |
CENTRAL CAROLINA COMMUNITY FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $31,700 |
EAST COOPER COMMUNITY OUTREACH PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |