Lapan Sunshine Foundation Inc
- Assets
- $26.2m
- Revenue
- $3.8m
- Investments
- $20.0m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 10/1984
- Data as of
- 12/2021
- 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 12/2021, Lapan Sunshine Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 10.5% 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 2016, Lapan Sunshine Foundation Inc has awarded 165 individual grants totaling $2,568,799. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Kin Executive Director | 30 | $55,824 | |
David Lapan Vice President | 3 | $0 | |
Jackie Lapan CEO | 40 | $0 | |
Lisa Lapan President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,716,361 |
| Interest on Savings | $9,289 |
| Dividends & Interest | $218,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $844,353 |
| Capital Gain Net Income | $844,353 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,788,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,824 |
| Other employee salaries and wages | $65,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,634 |
| Depreciation | $35,481 |
| Occupancy | $34,351 |
| Travel, conferences, and meetings | $5,506 |
| Printing and publications | $0 |
| Other expenses | $331,272 |
| Total operating and administrative expenses | $557,807 |
| Contributions, gifts, grants paid | $498,059 |
| Total expenses and disbursements | $1,055,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,330 |
| Savings and temporary cash investments | $4,962,797 |
| 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 | $517,487 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $193 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $953,356 |
| Net Land, buildings, and equipment | $635,070 |
| Other assets | $0 |
| Total assets | $26,150,263 |
| 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 | $11,821 |
| Total liabilities | $11,821 |
Grants Awarded
Over the last fiscal year, Lapan Sunshine Foundation Inc has awarded $498,059 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARIZONA PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $136,438 |
WAKEFIELD COMMUNITY PURPOSE: SUPPORT | $62,585 |
ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $54,363 |
TUCSON UNIFIED SCHOOL DISTRICT PURPOSE: SUPPORT | $46,631 |
PIMA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $38,936 |
Tucson, AZ PURPOSE: CONQUISTADORES YOUTH GOLF FUND DBA THE FIRST TEE OF TUCSON. | $28,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lapan Sunshine Foundation Inc has recieved totaling $8,300.
| Awarding Organization | Amount |
|---|---|
Tucson Conquistadores Foundation Tucson, AZ PURPOSE: Support youth sports | $8,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |