Lapan Sunshine Foundation Inc
- Assets
- $23.3m
- Revenue
- $970.4k
- Investments
- $17.4m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 88-0192311
Organization Overview
Lapan Sunshine Foundation Inc is located in Tucson, AZ. The organization was established in 1984. 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. Lapan Sunshine 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, Lapan Sunshine Foundation Inc generated $970.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lapan Sunshine Foundation Inc has awarded 206 individual grants totaling $3,826,406. 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 |
|---|---|---|---|
Lisa Lapan President | 3 | $0 | |
David Lapan Vice President | 3 | $0 | |
Lucy Kin Executive Director | 30 | $0 | |
Jackie Lapan CEO | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,144 |
| Interest on Savings | $128,210 |
| Dividends & Interest | $235,383 |
| Net Rental Income | -$22,341 |
| Net Gain on Sale of Assets | $533,767 |
| Capital Gain Net Income | $533,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $970,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $292,519 |
| Pension plans, employee benefits | $12,017 |
| Interest | $187 |
| Taxes | $41,487 |
| Depreciation | $30,611 |
| Occupancy | $36,713 |
| Travel, conferences, and meetings | $13,557 |
| Printing and publications | $4,503 |
| Other expenses | $408,766 |
| Total operating and administrative expenses | $864,703 |
| Contributions, gifts, grants paid | $792,911 |
| Total expenses and disbursements | $1,657,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132 |
| Savings and temporary cash investments | $1,301,298 |
| 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 | $3,114,487 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $836,249 |
| Net Land, buildings, and equipment | $1,545,423 |
| Other assets | $0 |
| Total assets | $23,346,102 |
| Accounts payable and accrued expenses | $1,071 |
| 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 | $1,071 |
Grants Awarded
Over the last fiscal year, Lapan Sunshine Foundation Inc has awarded $792,911 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $81,938 |
AVEDA INSTITUTE PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $10,420 |
AMERICAN UNIVERSITY PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $2,000 |
CARRINGTON COLLEGE PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $6,000 |
CONNETICUT COLLEGE PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $500 |
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $500 |