Nonprofit · EIN 23-7003982
LIPPY FOUNDATION
Tax-exempt · WARREN, OH 44484
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $21,204 | $19,374 | $1,830 | $264,859 | $459 | $264,400 |
| December 31, 2023 | 990-PF | $14,116 | $65,004 | -$50,888 | $262,570 | $0 | $262,570 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $560
- Dividends
- $4,365
- Interest
- $4,464
- Net rental income
- -$446
- Net gain from sales of assets
- $6,011
- Other income
- $5,804
Expenses
- Grants and similar amounts paid
- $9,467
- Disbursements for charitable purposes
- $9,601
- Excise tax on investment income
- $159
Balance sheet and other
- Total assets, start of year
- $262,570
- Total assets, end of year
- $264,859
- Total liabilities, end of year
- $459
- Net assets, end of year
- $264,400
- Fair market value of assets
- $295,819
- Qualifying distributions
- $9,601
- Net investment income
- $21,179
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDRA LIPPY 7261 QUEENFERRY CIRCLE, BOCA RATON, FL 33496 | TRUSTEE | 0 | $0 |
| STEPHEN R LIPPY 15037 THREE PONDS TRAIL, DELRAY BEACH, FL 33446 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDRA LIPPY 7261 QUEENFERRY CIRCLE, BOCA RATON, FL 33496 | TRUSTEE | 0 | $0 |
| STEPHEN R LIPPY 15037 THREE PONDS TRAIL, DELRAY BEACH, FL 33446 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 NILES CORTLAND RD NE UNIT B, WARREN, OH 44484-1009
- Signed the 990-PF
- SANDRA LIPPY, TRUSTEE
- Phone
- (330) 399-2727
- Return prepared by
- MASTERS & JORGENSEN INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7003982
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $264,859
- Income (IRS master file)
- $21,739
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $21,204 | $19,374 | $264,859 | XML |
| 990-PF | December 2023 | $14,116 | $65,004 | $262,570 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LIPPY FOUNDATION
- What is the EIN of LIPPY FOUNDATION?
- The employer identification number (EIN) of LIPPY FOUNDATION is 23-7003982.
- Is LIPPY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to LIPPY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIPPY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIPPY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIPPY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LIPPY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LIPPY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $21,204, expenses of $19,374 and total assets of $264,859 at year end.
Other nonprofits in WARREN
- 810 SEVEN SEVENTEEN CREDIT UNION INC EIN 34-0825325 · last filed 990 for 2024
- COMMUNITY SKILLED NURSING CENTRE EIN 34-0899610 · last filed 990 for 2023
- TRUMBULL COMMUNITY ACTION PROGRAM EIN 34-0967140 · last filed 990 for 2024
- FAIRHAVEN INDUSTRIES INC EIN 34-1023491 · last filed 990 for 2024
- STEAM ACADEMY OF WARREN EIN 45-1266409 · last filed 990 for 2025
- TRUMBULL NEIGHBORHOOD PARTNERSHIP EIN 27-3028186 · last filed 990 for 2025
- RAYMOND JOHN WEAN FOUNDATION EIN 34-6505038 · last filed 990-PF for 2024
- MARION G RESCH FOUNDATION EIN 34-1853367 · last filed 990-PF for 2025