Lippy Foundation

Warren, OH
Tax-exempt since Feb. 1969
EIN: 23-7003982

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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.

Donations to this organization are tax deductible.

Revenue

$14.1k (2023)

Expenses

$65k (2023)

Total Assets

$263k (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$14,116

Expenses

$65,004

Net Income

-$50,888

Net Assets

$262,570

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	7.1%
Interest Revenue	$4,409	31.2%
Dividends	$4,608	32.6%
Sales of Assets	$3,683	26.1%
Other Income	$416	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,083	84.7%
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	$262,570
Total Liabilities	$0
Net Assets	$262,570

Compensation

Key Employees and Officers	Compensation	Other
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$13,478

Expenses

$14,790

Net Income

-$1,312

Net Assets

$313,458

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	7.4%
Interest Revenue	$1,942	14.4%
Dividends	$3,403	25.2%
Sales of Assets	$6,856	50.9%
Other Income	$277	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,726	72.5%
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	$313,458
Total Liabilities	$0
Net Assets	$313,458

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$39,171

Expenses

$46,506

Net Income

-$7,335

Net Assets

$314,770

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,784	14.8%
Interest Revenue	$598	1.5%
Dividends	$4,372	11.2%
Sales of Assets	$21,368	54.6%
Other Income	$7,049	18.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,559	80.8%
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	$314,770
Total Liabilities	$0
Net Assets	$314,770

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 7, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$28,465

Expenses

$55,325

Net Income

-$26,860

Net Assets

$322,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,450	8.6%
Interest Revenue	$720	2.5%
Dividends	$3,957	13.9%
Sales of Assets	$6,206	21.8%
Other Income	$15,132	53.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,930	79.4%
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	$322,105
Total Liabilities	$1
Net Assets	$322,104

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$30,788

Expenses

$122,145

Net Income

-$91,357

Net Assets

$348,965

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500	4.9%
Interest Revenue	$1,820	5.9%
Dividends	$4,912	16.0%
Sales of Assets	$16,617	54.0%
Other Income	$5,939	19.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,872	91.6%
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	$349,465
Total Liabilities	$500
Net Assets	$348,965

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 9, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$34,742

Expenses

$45,935

Net Income

-$11,193

Net Assets

$440,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,250	3.6%
Interest Revenue	$3,062	8.8%
Dividends	$6,044	17.4%
Sales of Assets	$16,763	48.2%
Other Income	$7,623	21.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,358	70.4%
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	$449,422
Total Liabilities	$9,100
Net Assets	$440,322

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$51,723

Expenses

$94,159

Net Income

-$42,436

Net Assets

$451,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,400	4.6%
Interest Revenue	$1,897	3.7%
Dividends	$6,743	13.0%
Sales of Assets	$33,882	65.5%
Other Income	$6,801	13.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,217	88.4%
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	$453,375
Total Liabilities	$1,860
Net Assets	$451,515

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$19,176

Expenses

$40,911

Net Income

-$21,735

Net Assets

$493,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,125	5.9%
Interest Revenue	$1,528	8.0%
Dividends	$5,789	30.2%
Sales of Assets	$10,320	53.8%
Other Income	$414	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,598	69.9%
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	$494,631
Total Liabilities	$680
Net Assets	$493,951

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 12, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$36,969

Expenses

$54,235

Net Income

-$17,266

Net Assets

$515,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,625	4.4%
Interest Revenue	$1,431	3.9%
Dividends	$7,047	19.1%
Sales of Assets	$26,188	70.8%
Other Income	$678	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,887	75.4%
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	$516,686
Total Liabilities	$1,000
Net Assets	$515,686

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$59,760

Expenses

$51,342

Net Income

$8,418

Net Assets

$532,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$900	1.5%
Interest Revenue	$936	1.6%
Dividends	$7,604	12.7%
Sales of Assets	$47,408	79.3%
Other Income	$2,912	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,620	77.2%
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	$545,002
Total Liabilities	$12,050
Net Assets	$532,952

Compensation

Key Employees and Officers	Compensation	Other
William H Lippy (Trustee)	$0	$0
Sandra Lippy (Trustee)	$0	$0
Stephen R Lippy (Trustee)	$0	$0

990-PF

Filed on Nov. 7, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$56,548

Expenses

$30,403

Net Income

$26,145

Net Assets

$524,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,125	2.0%
Interest Revenue	$1,978	3.5%
Dividends	$5,698	10.1%
Sales of Assets	$38,430	68.0%
Other Income	$9,201	16.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,495	54.3%
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	$524,764
Total Liabilities	$230
Net Assets	$524,534

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$50,515

Expenses

$63,476

Net Income

-$12,961

Net Assets

$498,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,446	22.7%
Interest Revenue	$2,909	5.8%
Dividends	$5,943	11.8%
Sales of Assets	$22,843	45.2%
Other Income	$7,775	15.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,767	81.6%
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	$498,939
Total Liabilities	$550
Net Assets	$498,389

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$22,951

Expenses

$64,065

Net Income

-$41,114

Net Assets

$511,350

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500	6.5%
Interest Revenue	$2,346	10.2%
Dividends	$5,496	23.9%
Sales of Assets	$10,543	45.9%
Other Income	$4,163	18.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,932	81.1%
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	$511,350
Total Liabilities	$0
Net Assets	$511,350

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Lippy Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $14.1k (2023)

Expenses $65k (2023)

Total Assets $263k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

Compensation

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$14.1k (2023)

Expenses

$65k (2023)

Total Assets

$263k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

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2011

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