Lippard-Clawiter Foundation Inc
- Assets
- $8.3m
- Revenue
- $753.5k
- Investments
- $7.9m
- Employees
- 0
- Location
- Great Falls, MT
- Founding
- 05/1981
- Data as of
- 12/2022
- EIN
- 81-0394026
Organization Overview
Lippard-Clawiter Foundation Inc is located in Great Falls, MT. The organization was established in 1981. 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. Lippard-Clawiter 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, Lippard-Clawiter Foundation Inc generated $753.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $677.2k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lippard-Clawiter Foundation Inc has awarded 270 individual grants totaling $3,197,707. 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 |
|---|---|---|---|
Allin Cheetham President | 1 | $300 | |
Amy Forsman Sec/treasurer | 1 | $0 | |
Stan Klimas Vice President | 1 | $300 | |
Robert Quinn Board Member | 1 | $300 | |
Bob Pasha Board Member | 1 | $300 | |
Erik Engellant Board Member | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $211,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $541,907 |
| Capital Gain Net Income | $541,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55 |
| Total Revenue | $753,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $125,608 |
| Contributions, gifts, grants paid | $551,575 |
| Total expenses and disbursements | $677,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $307,070 |
| 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 | $14,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $940 |
| Total assets | $8,270,325 |
| 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, Lippard-Clawiter Foundation Inc has awarded $551,575 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SANDY ARTS & ATHLETICS PURPOSE: PROGRAMS | $10,500 |
BIG SANDY BARRACUDA SWIM TEAM PURPOSE: PROGRAMS | $5,000 |
BIG SANDY CULTURAL FUND PURPOSE: PROGRAMS | $5,000 |
BIG SANDY HISTORICAL SOCIETY PURPOSE: PROGRAMS | $10,000 |
BIG SANDY LITTLE PIONEERS WRESTLING PURPOSE: PROGRAMS | $5,000 |
BIG SANDY MEDICAL CENTER PURPOSE: PROGRAMS | $13,000 |