Lipton Foundation
- Assets
- $3.7m
- Revenue
- $745.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Golden Beach, FL
- Founding
- 04/1989
- Data as of
- 12/2022
- EIN
- 65-0098730
Organization Overview
Lipton Foundation is located in Golden Beach, FL. The organization was established in 1989. 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. Lipton 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, Lipton Foundation generated $745.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $229.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lipton Foundation has awarded 42 individual grants totaling $1,061,759. 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 |
|---|---|---|---|
Janice Lipton Trustee | 25 | $0 | |
Alan Lipton Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,007 |
| Dividends & Interest | $59,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $597,845 |
| Capital Gain Net Income | $597,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,018 |
| Total Revenue | $745,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,312 |
| Depreciation | $707 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,908 |
| Total operating and administrative expenses | $3,927 |
| Contributions, gifts, grants paid | $225,455 |
| Total expenses and disbursements | $229,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,706,118 |
| 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 | $317,604 |
| Net Land, buildings, and equipment | $7,441 |
| Other assets | $0 |
| Total assets | $3,743,708 |
| 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, Lipton Foundation has awarded $225,455 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE SHUL OF BAL HARBOUR PURPOSE: CONTRIBUTION TO THE TEMPLE | $31,405 |
GREATER MIAMI JEWISH FEDERATION PURPOSE: THE FEDERATION MOBILIZES HUMAN AND FINANCIAL RESOURCES TO CARE FOR THOSE IN NEED | $51,000 |
JCC ROCK STEADY BOXING PURPOSE: EXERCISE REHABILATATION FOR PARKINSON PATIENTS | $10,500 |
MIAMI JACKSON HOSPITAL GOLDEN ANGELS PURPOSE: CONTRIBUTION TO THE HOSPITAL | $10,000 |
TEMPLE BETH TOV AHAVAT PURPOSE: CONTRIBUTION TO THE TEMPLE | $1,000 |
MOUNT SINAI HOSPITAL PURPOSE: CONTRIBUTION TO THE HOSPITAL | $10,000 |