Lipp Family Foundation
- Assets
- $3.7m
- Revenue
- $429.2k
- Investments
- $3.7m
- Employees
- 0
- Location
- Coronado, CA
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 20-1985794
Organization Overview
Lipp Family Foundation is located in Coronado, CA. The organization was established in 2005. 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. Lipp Family 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 06/2022, Lipp Family Foundation generated $429.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $384.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lipp Family Foundation has awarded 84 individual grants totaling $1,948,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND TO FUND EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES.
GENERAL - TO 501(C)(3) CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Barkhurst Director | 5 | $19,045 | |
John M Hart Director | 5 | $8,563 | |
Sydney J Stanley Director | 5 | $6,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $68,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $361,146 |
| Capital Gain Net Income | $361,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $429,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $171 |
| Taxes | $2,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $84,433 |
| Contributions, gifts, grants paid | $300,500 |
| Total expenses and disbursements | $384,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,705,525 |
| 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, Lipp Family Foundation has awarded $300,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF MASSACHUSETTS - AMHERS PURPOSE: EDUCATIONAL AND SCIENCE | $50,000 |
STEVEN J WAMPLER FOUNDATION PURPOSE: GENERAL CHARITABLE | $5,000 |
CORONADO HIGH SCHOOL BAND BOOS PURPOSE: EDUCATIONAL | $5,000 |
CORONADO HOSPITAL FOUNDATION PURPOSE: GENERAL CHARITABLE | $30,000 |
FRIENDS OF CORONADO LIBRARY PURPOSE: EDUCATIONAL | $10,000 |
CORONADO SCHOOLS FOUNDATION PURPOSE: EDUCATIONAL AND SCIENCE | $60,000 |