Melvin A Lipsitz Family Foundation
- Assets
- $257.0k
- Revenue
- $9.5k
- Investments
- $239.4k
- Employees
- 0
- Location
- Waco, TX
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 74-2587599
Organization Overview
Melvin A Lipsitz Family Foundation is located in Waco, TX. The organization was established in 1991. 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. Melvin A Lipsitz Family 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 12/2023, Melvin A Lipsitz Family Foundation generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Melvin A Lipsitz Family Foundation has awarded 30 individual grants totaling $229,650. 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 |
|---|---|---|---|
Melvin A Lipsitz Pres & Asst Secretary | 1 | $0 | |
Lynne Lipsitz Vice-President | 1 | $0 | |
Jamie C Lipsitz Sec/treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,538 |
| 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 | $9,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $698 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $1,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,600 |
| 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 | $256,986 |
| 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, Melvin A Lipsitz Family Foundation has awarded $99,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTCHURCH SCHOOL PURPOSE: SUPPORT OF SCHOOL ACTIVITIES | $5,000 |
ST PAUL'S EPISCOPAL SCHOOL PURPOSE: TO SUPPORT THE ORGANIZATION'S PROMISE FUND IN THE PROVISION OF INSTRUCTIONAL MATERIALS TO THE STUDENTS OF THE SCHOOL, THE ADDITION OF PROGRAMS SUCH AS THE INQUIRY LAB, AND TO HELP RAISE STAFF SALARIES TO BE MORE COMPETITIVE WITH PUBLIC SCHOOLS. | $2,500 |
THE CAMERON PARK ZOOLOGICAL AND BOTANICAL SOCIETY INC PURPOSE: ASSIST WITH EXPENSES FOR ZOOBILEE FUNDRAISER | $5,000 |
THE JEWISH FEDERATION OF WACO PURPOSE: TO ASSIST WITH THE SUPPORT OF FEDERATION PROJECTS. | $25,000 |
THE TOURETTE SYNDROME ASSOCIATION - TEXAS CHAPTER PURPOSE: SUPPORT FOR THE TOURETTE ASSOCIATION PROJECTS INCLUDING THE SCHOLARSHIP FUND, MEDICAL ASSISTANCE GRANTS, AND CLIENT SERVICES. | $2,000 |
UPRIGHT AFRICA PURPOSE: TO ASSIST WITH PROVIDING THE PEOPLE OF THE DEMOCRATIC REPUBLIC OF CONGO WITH DAILY NECESSITIES AND THE SHARING OF MEDICAL PROCEDURES AND TECHNIQUES WITH CONGOLESE MEDICIAL PROFESSIONALS. | $10,000 |