Nihla And Bob Lapidus Foundation Inc

Middletown, CT
Tax-exempt since Oct. 1996
EIN: 06-1454867

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$52.4k (2024)

Expenses

$126k (2024)

Total Assets

$1.09M (2024)

Total Liabilities

$242 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$52,435

Expenses

$125,633

Net Income

-$73,198

Net Assets

$1,093,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,408	2.7%
Dividends	$27,201	51.9%
Sales of Assets	$21,199	40.4%
Other Income	$2,627	5.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$90,619	72.1%
Compensation of Officers*	$52,000	41.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,093,583
Total Liabilities	$242
Net Assets	$1,093,341

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$52,000	$0
David Lapidus (Co President)	$0	$0
Marc Lapidus (Co President)	$0	$0

990-PF

Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$244,355

Expenses

$113,651

Net Income

$130,704

Net Assets

$1,115,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,905	1.2%
Dividends	$22,880	9.4%
Sales of Assets	$214,676	87.9%
Other Income	$3,894	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,367	70.7%
Compensation of Officers*	$52,000	45.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,117,216
Total Liabilities	$1,535
Net Assets	$1,115,681

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$52,000	$0
David Lapidus (Co President)	$0	$0
Marc Lapidus (Co President)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$181,907

Expenses

$102,223

Net Income

$79,684

Net Assets

$957,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$281	0.2%
Dividends	$24,142	13.3%
Sales of Assets	$152,810	84.0%
Other Income	$4,674	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,440	70.9%
Compensation of Officers*	$45,000	44.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$957,743
Total Liabilities	$50
Net Assets	$957,693

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$45,000	$0
David Lapidus (Co President)	$0	$0
Marc Lapidus (Co President)	$0	$0

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$180,612

Expenses

$102,804

Net Income

$77,808

Net Assets

$867,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,866	13.8%
Sales of Assets	$152,875	84.6%
Other Income	$2,871	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,011	71.0%
Compensation of Officers*	$44,500	43.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$867,074
Total Liabilities	$50
Net Assets	$867,024

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$44,500	$0
David Lapidus (Co President)	$0	$0
Marc Lapidus (Co President)	$0	$0

990-PF

Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$27,998

Expenses

$90,665

Net Income

-$62,667

Net Assets

$1,480,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,217	79.4%
Sales of Assets	$2,468	8.8%
Other Income	$3,313	11.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,844	69.3%
Compensation of Officers*	$44,500	49.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,480,758
Total Liabilities	$50
Net Assets	$1,480,708

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$44,500	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on May 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$33,970

Expenses

$87,767

Net Income

-$53,797

Net Assets

$1,303,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,537	69.3%
Sales of Assets	$8,166	24.0%
Other Income	$2,267	6.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,665	70.3%
Compensation of Officers*	$40,800	46.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,303,952
Total Liabilities	$50
Net Assets	$1,303,902

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$40,800	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on June 29, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$16,247

Expenses

$74,904

Net Income

-$58,657

Net Assets

$1,017,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,768	> 100%
Sales of Assets	-$11,309
Other Income	$5,788	35.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,282	73.8%
Compensation of Officers*	$40,800	54.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,017,999
Total Liabilities	$0
Net Assets	$1,017,999

Compensation

Key Employees and Officers	Compensation	Other
Rosalie Scarrozzo (Secretary)	$40,800	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on May 3, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$61,359

Expenses

$81,513

Net Income

-$20,154

Net Assets

$1,146,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,488	39.9%
Sales of Assets	$33,673	54.9%
Other Income	$3,198	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,621	68.2%
Compensation of Officers*	$34,813	42.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,146,083
Total Liabilities	$0
Net Assets	$1,146,083

Compensation

Key Employees and Officers	Compensation	Other
George Brown (Financial Manager)	$24,013	$0
Rosalie Scarrozzo (Secretary)	$10,800	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on May 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$46,301

Expenses

$94,934

Net Income

-$48,633

Net Assets

$1,087,169

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$27,181	58.7%
Sales of Assets	$18,526	40.0%
Other Income	$594	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,300	71.9%
Compensation of Officers*	$37,935	40.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,087,169
Total Liabilities	$0
Net Assets	$1,087,169

Compensation

Key Employees and Officers	Compensation	Other
George Brown (Financial Manager)	$28,645	$0
Rosalie Scarrozzo (Secretary)	$9,290	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on May 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$31,323

Expenses

$100,117

Net Income

-$68,794

Net Assets

$1,092,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,571	> 100%
Sales of Assets	-$1,833
Other Income	$1,585	5.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,177	72.1%
Compensation of Officers*	$44,100	44.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,092,219
Total Liabilities	$0
Net Assets	$1,092,219

Compensation

Key Employees and Officers	Compensation	Other
George Brown (Financial Manager)	$33,300	$0
Rosalie Scarrozzo (Secretary)	$10,800	$0
Nihla Lapidus (President)	$0	$0
Marc Lapidus (Vice President)	$0	$0
David Lapidus (Vice President)	$0	$0

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990-PF

Filed on May 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$419,263

Expenses

$63,805

Net Income

$355,458

Net Assets

$1,244,484

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$288,788	68.9%
Interest Revenue	$0
Dividends	$24,315	5.8%
Sales of Assets	$109,334	26.1%
Other Income	-$3,174

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,432	83.7%
Compensation of Officers*	$4,700	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,247,424
Total Liabilities	$2,940
Net Assets	$1,244,484

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$201,456

Expenses

$53,616

Net Income

$147,840

Net Assets

$971,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,594	11.2%
Sales of Assets	$184,144	91.4%
Other Income	-$5,282

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,326	86.4%
Compensation of Officers*	$4,500	8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$974,297
Total Liabilities	$3,243
Net Assets	$971,054

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$39,688

Expenses

$47,902

Net Income

-$8,214

Net Assets

$846,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,188	60.9%
Sales of Assets	$15,500	39.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,334	90.5%
Compensation of Officers*	$4,500	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$846,586
Total Liabilities	$201
Net Assets	$846,385

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$20,025

Expenses

$44,597

Net Income

-$24,572

Net Assets

$796,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,850	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,298	92.6%
Compensation of Officers*	$4,500	10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$796,206
Total Liabilities	$0
Net Assets	$796,206

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Nihla And Bob Lapidus Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $52.4k (2024)

Expenses $126k (2024)

Total Assets $1.09M (2024)

Total Liabilities $242 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$52.4k (2024)

Expenses

$126k (2024)

Total Assets

$1.09M (2024)

Total Liabilities

$242 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

Fiscal Year Ending Dec.
2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001