The Bernard Lapides And Shirley W Lapides Foundation
- Assets
- $752.4k
- Revenue
- $55.4k
- Investments
- $698.3k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 58-1556976
Organization Overview
The Bernard Lapides And Shirley W Lapides Foundation is located in Memphis, TN. The organization was established in 1984. 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. Bernard Lapides And Shirley W Lapides 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 12/2022, Bernard Lapides And Shirley W Lapides Foundation generated $55.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $56.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bernard Lapides And Shirley W Lapides Foundation has awarded 90 individual grants totaling $471,923. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,206 |
| Capital Gain Net Income | $36,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,580 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,556 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,052 |
| Contributions, gifts, grants paid | $32,710 |
| Total expenses and disbursements | $56,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,082 |
| 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 | $752,382 |
| 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, The Bernard Lapides And Shirley W Lapides Foundation has awarded $32,710 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
REAL GOOD DOG RESUCE PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
BEIT RABAN PURPOSE: GIFT | $7,500 |
AMERICAN FEDERATION OF THE ARTS PURPOSE: GIFT | $1,400 |
THE HESCHEL SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSE | $500 |
ART IN GERENAL PURPOSE: GENERAL CHARITABLE PURPOSE | $1,455 |
GLOUCESTER PROJECT PURPOSE: SUPPORT | $1,000 |