Olga & Solomon Lipschitz Tr Ua 081794

Olga & Solomon Lipschitz Ttee

Brooklyn, NY
Tax-exempt since Sept. 1996
EIN: 11-6446481

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

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: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Revenue

$413k (2018)

Expenses

$276k (2018)

Total Assets

$5.12M (2018)

Total Liabilities

$0 (2018)

Source: Form 990 tax filings from 2010 to 2018

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 July
2018

Revenue

$412,843

Expenses

$276,397

Net Income

$136,446

Net Assets

$5,120,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$60,000	14.5%
Interest Revenue	$0
Dividends	$107,076	25.9%
Sales of Assets	$125,082	30.3%
Other Income	$120,685	29.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$228,000	82.5%
Compensation of Officers*	$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	$5,120,931
Total Liabilities	$0
Net Assets	$5,120,931

Compensation

Key Employees and Officers	Compensation	Other
Solomon Lipschitz (Trustee)	$0	$0
Olga Lipschitz (Trustee)	$0	$0

990-PF

Filed on June 17, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2017

Revenue

$346,009

Expenses

$174,393

Net Income

$171,616

Net Assets

$4,984,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,000	23.1%
Interest Revenue	$0
Dividends	$96,499	27.9%
Sales of Assets	$49,409	14.3%
Other Income	$120,101	34.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$134,853	77.3%
Compensation of Officers*	$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	$4,984,485
Total Liabilities	$0
Net Assets	$4,984,485

Compensation

Key Employees and Officers	Compensation	Other
Solomon Lipschitz (Trustee)	$0	$0
Olga Lipschitz (Trustee)	$0	$0

990-PF

Filed on June 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2016

Revenue

$458,884

Expenses

$247,758

Net Income

$211,126

Net Assets

$4,812,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	21.8%
Interest Revenue	$16,415	3.6%
Dividends	$38,977	8.5%
Sales of Assets	$118,410	25.8%
Other Income	$185,082	40.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$212,445	85.7%
Compensation of Officers*	$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	$4,813,457
Total Liabilities	$588
Net Assets	$4,812,869

Compensation

Key Employees and Officers	Compensation	Other
Solomon Lipschitz (Trustee)	$0	$0
Olga Lipschitz (Trustee)	$0	$0

990-PF

Filed on June 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2015

Revenue

$386,982

Expenses

$193,117

Net Income

$193,865

Net Assets

$4,668,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$120,000	31.0%
Interest Revenue	$25,246	6.5%
Dividends	$42,651	11.0%
Sales of Assets	$77,755	20.1%
Other Income	$121,330	31.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$103,374	53.5%
Compensation of Officers*	$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	$4,668,833
Total Liabilities	$0
Net Assets	$4,668,833

Compensation

Key Employees and Officers	Compensation	Other
Solomon Lipschitz (Trustee)	$0	$0
Olga Lipschitz (Trustee)	$0	$0

990-PF

Filed on June 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2014

Revenue

$195,575

Expenses

$301,949

Net Income

-$106,374

Net Assets

$4,462,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,650	5.4%
Interest Revenue	$27,419	14.0%
Dividends	$39,255	20.1%
Sales of Assets	-$3,291
Other Income	$121,542	62.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$275,776	91.3%
Compensation of Officers*	$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	$4,462,094
Total Liabilities	$0
Net Assets	$4,462,094

Compensation

Key Employees and Officers	Compensation	Other
Solomon Lipschitz (Trustee)	$0	$0
Olga Lipschitz (Trustee)	$0	$0

990-PF

Filed on June 15, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2013

Revenue

$230,294

Expenses

$912,742

Net Income

-$682,448

Net Assets

$4,568,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29,409	12.8%
Dividends	$32,109	13.9%
Sales of Assets	$47,400	20.6%
Other Income	$121,376	52.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$887,896	97.3%
Compensation of Officers*	$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	$4,568,468
Total Liabilities	$1
Net Assets	$4,568,467

990-PF

Filed on July 10, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2012

Revenue

$292,231

Expenses

$169,262

Net Income

$122,969

Net Assets

$5,250,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	51.3%
Interest Revenue	$30,777	10.5%
Dividends	$30,375	10.4%
Sales of Assets	$0
Other Income	$120,101	41.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,842	82.6%
Compensation of Officers*	$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	$5,250,916
Total Liabilities	$0
Net Assets	$5,250,916

990-PF

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

PDF

Fiscal Year Ending July
2011

Revenue

$394,929

Expenses

$173,587

Net Income

$221,342

Net Assets

$5,127,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	50.6%
Interest Revenue	$24,348	6.2%
Dividends	$37,608	9.5%
Sales of Assets	$12,872	3.3%
Other Income	$120,101	30.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$152,750	88.0%
Compensation of Officers*	$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	$5,127,947
Total Liabilities	$0
Net Assets	$5,127,947

990-PF

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

PDF

Fiscal Year Ending July
2010

Revenue

$470,147

Expenses

$188,653

Net Income

$281,494

Net Assets

$4,906,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	42.5%
Interest Revenue	$17,493	3.7%
Dividends	$157,746	33.6%
Sales of Assets	$94,908	20.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,457	91.4%
Compensation of Officers*	$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	$4,906,605
Total Liabilities	$0
Net Assets	$4,906,605

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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Updated March 23, 2026

Olga & Solomon Lipschitz Tr Ua 081794

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $413k (2018)

Expenses $276k (2018)

Total Assets $5.12M (2018)

Total Liabilities $0 (2018)

Tax Filings by Year

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2010

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2009

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending July 2008

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending July 2007

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending July 2006

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending July 2005

No Extracted Financial Data

Document Links

990-PF

Revenue

$413k (2018)

Expenses

$276k (2018)

Total Assets

$5.12M (2018)

Total Liabilities

$0 (2018)

Fiscal Year Ending July
2018

Fiscal Year Ending July
2017

Fiscal Year Ending July
2016

Fiscal Year Ending July
2015

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005

Fiscal Year Ending July
2004

Fiscal Year Ending July
2003

Fiscal Year Ending July
2002

Fiscal Year Ending July
2001