Edward Lappen Foundation
- Assets
- $350.4k
- Revenue
- -$26.5k
- Investments
- $341.5k
- Employees
- 0
- Location
- Cohasset, MA
- Founding
- 04/2018
- Data as of
- 06/2023
- EIN
- 81-4445255
Organization Overview
Edward Lappen Foundation is located in Cohasset, MA. The organization was established in 2018. 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. Edward Lappen Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION MADE TO COHASSET HIGH SCHOOL EDWARD LAPPEN LEADERSHIP SCHOLARSHIP
DONATION MADE TO COHASSET CENTER FOR COASTAL RESEARCH
DONATION MADE TO EMPATH
DONATION MADE TO ARTISTS FOR HUMANITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Lieb President/dir | 10 | $0 | |
Ross Lieb-Lappen Treasurer/dir | 2 | $0 | |
Mia Lieb-Lappen Panzer Clerk/director | 2 | $0 | |
Stephen Etkind Director | 0.1 | $0 | |
Michael Panzer Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,140 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$26,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,661 |
| Contributions, gifts, grants paid | $6,375 |
| Total expenses and disbursements | $10,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,833 |
| 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 | $350,369 |
| 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 | $11,217 |
| Total liabilities | $11,217 |
Grants Awarded
Over the last fiscal year, Edward Lappen Foundation has awarded $6,375 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COHASSET PUBLIC SCHOOLS PURPOSE: EDUCATION | $1,375 |
COHASSET CENTER FOR COASTAL PURPOSE: EDUCATION | $1,000 |
EMPATH PURPOSE: COMBAT POVERTY | $1,000 |
WELLSPRING MULTI-SERVICE PURPOSE: SERVE COMMUNITY | $1,000 |
ARTISTS FOR HUMANITY PURPOSE: SERVE URBAN YOUTH | $1,000 |
DARTMOUTH-HITCHCOCK FOUNDATION PURPOSE: COMBAT HUMAN AILMENTS | $1,000 |