Chet And Jon Lappen Foundation
- Assets
- $809.5k
- Revenue
- $253.1k
- Investments
- $754.0k
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 01/1969
- Data as of
- 12/2023
- EIN
- 23-7007566
Organization Overview
Chet And Jon Lappen Foundation is located in Pacific Palisades, CA. The organization was established in 1969. 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. Chet And Jon Lappen Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Chet And Jon Lappen Foundation has awarded 351 individual grants totaling $645,963. 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
UNSOLICITED DONATIONS TO VARIOUS PUBLIC CHARITIES- SEE PART XIV OF THIS RETURN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Lappen Trustee | 0.5 | $0 | |
Jonathan B Lappen Trustee | 5 | $0 | |
Sally Lappen Trustee | 0.5 | $0 | |
Timothy Lappen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,997 |
| Capital Gain Net Income | $230,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,204 |
| Total operating and administrative expenses | $20,466 |
| Contributions, gifts, grants paid | $89,652 |
| Total expenses and disbursements | $110,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,516 |
| 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 | $809,546 |
| 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, Chet And Jon Lappen Foundation has awarded $89,652 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: CHARITY/GENERAL | $2,000 |
24TH STREET THEATRE PURPOSE: CHARITY/GENERAL | $1,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: CHARITY/GENERAL | $500 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: CHARITY/GENERAL | $500 |
BOYS & GIRLS CLUB OF SANTA MONICA PURPOSE: PUBLIC CHARITY | $5,200 |
CALIFORNIA STATE PARKS FOUNDATION PURPOSE: CHARITY/GENERAL | $1,000 |