Kevin Lipton Family Foundation Inc
- Assets
- $1.4k
- Revenue
- $49.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1157764
Organization Overview
Kevin Lipton Family Foundation Inc is located in Westlake Village, CA. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kevin Lipton Family 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 12/2022, Kevin Lipton Family Foundation Inc generated $49.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kevin Lipton Family Foundation Inc has awarded 106 individual grants totaling $789,325. 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 |
|---|---|---|---|
Kevin Lipton President-Director | 1 | $0 | |
Dale Lipton Secretary-Cfo-Director | 1 | $0 | |
Brandon Lipton Director | 1 | $0 | |
Kevin Lipton Jr Director | 1 | $0 | |
Michael J Sparks Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,580 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$584 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190 |
| Total operating and administrative expenses | $2,503 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $63,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407 |
| 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 | $1,407 |
| 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, Kevin Lipton Family Foundation Inc has awarded $61,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HARMONY PROJECT PURPOSE: YOUTH DEVELOPMENT THROUGH YEAR ROUND MUSIC LESSONS AND ENSEMBLE PARTICIPATION. | $5,000 |
REINS PURPOSE: SUPPORT THE HEALTH OF DISABLED CHILDREN AND ADULTS WITH THEREPEUTIC EQUINE-ASSISTED ACTIVITIES | $1,000 |
IAN'S FRIENDS FOUNDATION PURPOSE: PROVIDES INNOVATIVE RESEARCH TO TREAT AND CURE PEDIATRIC BRAIN TUMORS | $5,000 |
THE BRENT SHAPIRO FOUNDATION PURPOSE: ALCOHOL AND DRUG DEPENDENCE AWARENESS, PARENT SUPPORT, EDUCATION COMMUNITIES. | $10,000 |
SMITHSONIAN PURPOSE: A GROUP OF MUSEUMS, EDUCATION AND RESEARCH CENTERS CREATED FOR THE "INCREASE AND DIFFUSION OF KNOWLEDGE" | $1,000 |
THE JEWISH FEDERATION PURPOSE: LEADS THE JEWISH COMMUNITY AND SUPPORTS ISRAEL, CARES FOR JEWS IN NEED. | $10,000 |