Lipman Foundation
- Assets
- $0.0
- Revenue
- $33.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/1986
- Data as of
- 12/2019
- EIN
- 54-1360375
Organization Overview
Lipman Foundation is located in Richmond, VA. The organization was established in 1986. 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. Lipman 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 12/2019, Lipman Foundation generated $33.6k in total revenue. All expenses for the organization totaled $699.1k during the year ending 12/2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Birch Douglass III ESQ President | 1 | $0 | |
L Michael Gracik Jr CPA Treasurer | 1 | $0 | |
David L Thompson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,263 |
| Interest on Savings | $23,750 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,562 |
| Total Revenue | $33,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $31,269 |
| Contributions, gifts, grants paid | $667,804 |
| Total expenses and disbursements | $699,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lipman Foundation has awarded $151,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE COMMUNITY FOUNDATION PURPOSE: GENERAL PURPOSE | $150,000 |
VMFA FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |