Robert I Lappin Charitable Foundation
- Assets
- $22.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 04-6579206
Organization Overview
Robert I Lappin Charitable Foundation is located in Beverly, MA. The organization was established in 2007. 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. Robert I Lappin Charitable 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 12/2023, Robert I Lappin Charitable Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 13.3% per year over the past 9 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 2014, Robert I Lappin Charitable Foundation has awarded 152 individual grants totaling $3,293,861. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH TO ISRAEL, AN EDUCATIONAL PROGRAM FOR JEWISH TEENS AND THEIR PARENTS, TEACHES ABOUT ISRAEL, INCLUDING RELIGION, CULTURE, HISTORY AND PEOPLE. YOUTH TO ISRAEL INCLUDES A COMMUNITY TRIP TO ISRAEL FOR TEENS IN JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Coltin Trustee | 40 | $0 | |
Andrew Lappin Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz | 12/30/23 | $75,000 |
Shetland Investments | 12/30/23 | $156,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $910,461 |
| Interest on Savings | $6 |
| Dividends & Interest | $570,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$188,516 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,709 |
| Total Revenue | $1,314,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,897 |
| Depreciation | $2,366 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,973 |
| Total operating and administrative expenses | $330,212 |
| Contributions, gifts, grants paid | $1,031,470 |
| Total expenses and disbursements | $1,361,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,276 |
| Savings and temporary cash investments | $6,449 |
| 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 | $3,122 |
| Other assets | $22,630,730 |
| Total assets | $22,641,577 |
| Accounts payable and accrued expenses | $660 |
| 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 | $907 |
| Total liabilities | $1,567 |
Grants Awarded
Over the last fiscal year, Robert I Lappin Charitable Foundation has awarded $1,031,470 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EPSTEIN HILLEL PURPOSE: FOR ONGOING OPERATIONS | $1,300 |
OPENDOR MEDIA PURPOSE: FOR ONGOING OPERATIONS | $15,000 |
NSJCC PURPOSE: FOR ONGOING OPERATIONS | $920 |
JEWISH JOURNAL PURPOSE: FOR ONGOING OPERATIONS | $900 |
LAPPIN FOUNDATION PURPOSE: FOR ONGOING OPERATIONS | $1,000,000 |
JCRC OF GREATER BOSTON PURPOSE: FOR ONGOING OPERATIONS | $1,800 |