Lipman Brothers Foundation
- Assets
- $0.0
- Revenue
- $2.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 36-4571452
Organization Overview
Lipman Brothers Foundation is located in Memphis, TN. The organization was established in 2006. 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. Lipman Brothers 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 12/2021, Lipman Brothers Foundation generated $2.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (71.6%) each year. All expenses for the organization totaled $32.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Benjamin Lipman President | 1 | $0 | |
Gustave K Lipman Secretary | 1 | $0 | |
Joshua S Lipman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $920 |
| Total operating and administrative expenses | $2,852 |
| Contributions, gifts, grants paid | $29,374 |
| Total expenses and disbursements | $32,226 |
| 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 | $0 |
| 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, Lipman Brothers Foundation has awarded $29,374 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NAVY SEAL FOUNDATION PURPOSE: PROVIDES FUNDS TO HELP THE FOUNDATION WITH ITS MISSION TO PROVIDE SUPPORT AND PROMOTE PEACE OF MIND TO THOSE FAMILIES WHO LIVE WITH A HIGH LEVEL OF UNKNOWN FACTORS AS A MATTER OF ROUTINE. | $24,240 |
SHELBY FARMS PARK CONSERVANCY PURPOSE: MANAGES AND OPERATES SHELBY CONSERVANCY FARMS PARK AND SHELBY FARMS GREENLINE THROUGH A PRIVATE-PUBLIC PARTNERSHIP WITH THE GOVERNMENT OF SHELBY COUNTY, TN SETTING THE VISION FOR THE PARK'S FUTURE AND STEWARDING ITS NATURAL RESOURCES. | $1,000 |
TN HOLOCAUST COMMISSION PURPOSE: THE MISSION IS TO EDUCATE TENNESSEANS ABOUT THE HISTORY OF THE HOLOCAUST, SEEKING TO REMIND CITIZENS THAT PREJUDICE, HATRED AND VIOLENCE, AS MANIFESTED IN THE HOLOCAUST AND OTHER GENOCIDES, LEADS TO THE DESTRUCTION OF A HUMANE SOCIETY. | $4,134 |