Nonprofit · EIN 65-0098730
LIPTON FOUNDATION
Tax-exempt · GOLDEN BEACH, FL 33160
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $324,358 | $320,993 | $3,365 | $5,034,517 | $0 | $5,034,517 |
| December 31, 2023 | 990-PF | $246,490 | $241,243 | $5,247 | $3,821,527 | $0 | $3,821,527 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $118,694
- Interest
- $55,143
- Net gain from sales of assets
- $75,854
- Other income
- $74,667
Expenses
- Grants and similar amounts paid
- $313,480
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $316,883
- Excise tax on investment income
- $4,461
Balance sheet and other
- Total assets, start of year
- $3,821,527
- Total assets, end of year
- $5,034,517
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,034,517
- Fair market value of assets
- $6,200,119
- Qualifying distributions
- $316,883
- Net investment income
- $324,358
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 |
|---|---|---|---|
| JANICE LIPTON 649 OCEAN BOULEVARD, GOLDEN BEACH, FL 33160 | TRUSTEE | 25 | $0 |
| ALAN LIPTON 649 OCEAN BOULEVARD, GOLDEN BEACH, FL 33160 | TRUSTEE | 15 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANICE LIPTON 649 OCEAN BOULEVARD, GOLDEN BEACH, FL 33160 | TRUSTEE | 25 | $0 |
| ALAN LIPTON 649 OCEAN BOULEVARD, GOLDEN BEACH, FL 33160 | TRUSTEE | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 649 OCEAN BLVD, GOLDEN BEACH, FL 33160-2217
- Signed the 990-PF
- JANICE LIPTON, TRUSTEE
- Phone
- (305) 935-3535
- Return prepared by
- SUSAN R HANTMAN CPA 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
- 65-0098730
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,034,517
- Income (IRS master file)
- $2,119,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $324,358 | $320,993 | $5,034,517 | IRS |
| 990-PF | December 2023 | $246,490 | $241,243 | $3,821,527 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 65-0098730).
Questions about LIPTON FOUNDATION
- What is the EIN of LIPTON FOUNDATION?
- The employer identification number (EIN) of LIPTON FOUNDATION is 65-0098730.
- Is LIPTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to LIPTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIPTON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIPTON 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 LIPTON 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 LIPTON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LIPTON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $324,358, expenses of $320,993 and total assets of $5,034,517 at year end.
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