Ethel & Abe Lapides Foundation Inc
- Assets
- $1.2m
- Revenue
- $90.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 08/1948
- Data as of
- 11/2023
- EIN
- 06-6068567
Organization Overview
Ethel & Abe Lapides Foundation Inc is located in New Haven, CT. The organization was established in 1948. 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. Ethel & Abe Lapides 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 11/2023, Ethel & Abe Lapides Foundation Inc generated $90.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $92.9k during the year ending 11/2023. While expenses have increased by 1.9% 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, Ethel & Abe Lapides Foundation Inc has awarded 428 individual grants totaling $471,350. 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 |
|---|---|---|---|
Fred J Criscuolo President | 3 | $0 | |
Richard C Feldman Secretary | 5 | $0 | |
Lawrence Chizzick Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,285 |
| Dividends & Interest | $36,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,965 |
| Capital Gain Net Income | $50,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,490 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,035 |
| Total operating and administrative expenses | $30,143 |
| Contributions, gifts, grants paid | $62,750 |
| Total expenses and disbursements | $92,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,763 |
| 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 | $103,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,196,833 |
| Accounts payable and accrued expenses | $320 |
| 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 | $320 |
Grants Awarded
Over the last fiscal year, Ethel & Abe Lapides Foundation Inc has awarded $62,750 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
'R KIDS FAMILY CENTER PURPOSE: SUPPORT CHILDREN AND FAMILIES PROGRAMS | $500 |
ABILITY BEYOND DISABILITY PURPOSE: SUPPORT OF THE DISABLED | $500 |
AGENCY ON AGING PURPOSE: PROGRAM SUPPORT | $500 |
ALL OUR KIN PURPOSE: SUPPORT CHILDREN AND FAMILY PROGRAMS | $500 |
BOYS & GIRLS CLUB OF NEW HAVEN PURPOSE: SUPPORT FOR AFTER SCHOOL PROGRAM SUPPORT | $500 |
CHILDREN IN PLACEMENT PURPOSE: SUPPORT OF NEGLECTED CHILDREN | $500 |