Nonprofit · EIN 42-6081470
ABBOTT B AND JOAN M LIPSKY FUND
Tax-exempt · CEDAR RAPIDS, IA 52405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $49,633 | $60,061 | -$10,428 | $601,875 | $0 | $601,875 |
| December 31, 2024 | 990-PF | $54,615 | $61,716 | -$7,101 | $619,853 | $0 | $619,853 |
| December 31, 2023 | 990-PF | $56,062 | $55,949 | $113 | $605,928 | $0 | $605,928 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $33,378
- Net gain from sales of assets
- $16,255
Expenses
- Grants and similar amounts paid
- $58,477
- Disbursements for charitable purposes
- $60,061
- Excise tax on investment income
- $668
Balance sheet and other
- Total assets, start of year
- $619,853
- Total assets, end of year
- $601,875
- Total liabilities, end of year
- $0
- Net assets, end of year
- $601,875
- Fair market value of assets
- $1,056,612
- Qualifying distributions
- $60,061
- Net investment income
- $49,633
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN M LIPSKY 3150 E AVENUE NW SUITE 101, CEDAR RAPIDS, IA 52405 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN M LIPSKY 3150 E AVENUE NW SUITE 101, CEDAR RAPIDS, IA 52405 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN M LIPSKY 3150 E AVENUE NW SUITE 101, CEDAR RAPIDS, IA 52405 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3150 E AVE NW STE 101, CEDAR RAPIDS, IA 52405-2900
- In care of
- % ANN M LIPSKY
- Signed the 990-PF
- ANN M LIPSKY, TRUSTEE
- Phone
- (319) 362-2181
- Return prepared by
- Lustigson & Fagan PC
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 | 990-PF 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
- 42-6081470
- 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
- 1957
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $601,875
- Income (IRS master file)
- $79,663
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $49,633 | $60,061 | $601,875 | IRS |
| 990-PF | December 2024 | $54,615 | $61,716 | $619,853 | XML |
| 990-PF | December 2023 | $56,062 | $55,949 | $605,928 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 42-6081470).
Questions about ABBOTT B AND JOAN M LIPSKY FUND
- What is the EIN of ABBOTT B AND JOAN M LIPSKY FUND?
- The employer identification number (EIN) of ABBOTT B AND JOAN M LIPSKY FUND is 42-6081470.
- Is ABBOTT B AND JOAN M LIPSKY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to ABBOTT B AND JOAN M LIPSKY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABBOTT B AND JOAN M LIPSKY FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABBOTT B AND JOAN M LIPSKY FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABBOTT B AND JOAN M LIPSKY FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of ABBOTT B AND JOAN M LIPSKY FUND?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does ABBOTT B AND JOAN M LIPSKY FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $49,633, expenses of $60,061 and total assets of $601,875 at year end.
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