Kenneth And Lois Lippmann Charitable Foundation Inc
- Assets
- $1.5m
- Revenue
- $464.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- North Salem, NY
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 13-4009287
The information for Kenneth And Lois Lippmann Charitable Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in North Salem, NY. It has been in existence for 22 years, following its founding in 1999.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Kenneth And Lois Lippmann Charitable Foundation Inc is a philanthropy organization classified under the NTEE code T20. This means that it falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the organization is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the organization is classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset includes eight years of grant history for the Kenneth And Lois Lippmann Charitable Foundation Inc. In these eight years, they have awarded a total of 99 grants, with an average check size of $3,816. The foundation awards an average of 12 grants each year. The grants are distributed across multiple NTEE sectors, with the highest number of grants awarded in the Education sector (25), followed by the Environment sector (14), and Voluntary Health Associations & Medical Disciplines sector (13). In terms of geographical distribution, the majority of grants were awarded in New York (77), with smaller numbers awarded in Massachusetts (8), North Carolina (6), New Hampshire (2), South Carolina (2), and one each in Texas, Pennsylvania, Oklahoma, Connecticut.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Lippmann Director And Vice Pres | 0 | $0 | |
Kenneth Lippmann Jr Director | 0 | $0 | |
Christopher Lippmann Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $376,407 |
| Capital Gain Net Income | $376,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,160 |
| Total Revenue | $464,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,951 |
| Total operating and administrative expenses | $7,824 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $66,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $81,448 |
| 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 | $1,495,165 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kenneth And Lois Lippmann Charitable Foundation Inc has awarded $59,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
North Salem, NY PURPOSE: UNRESTRICTED | $17,000 |
New York, NY PURPOSE: UNRESTRICTED | $15,000 |
North Salem, NY PURPOSE: UNRESTRICTED | $10,000 |
Garrison, NY PURPOSE: UNRESTRICTED | $5,000 |
New York, NY PURPOSE: UNRESTRICTED | $5,000 |
New York, NY PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |