Herman & Helen Lipsitz Charitable Trust

Pittsburgh, PA
Tax-exempt since July 1972
EIN: 25-6134327

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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

$449k (2023)

Expenses

$708k (2023)

Total Assets

$3.9M (2023)

Total Liabilities

$0 (2023)

Years with multiple filings

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

$449,171

Expenses

$708,199

Net Income

-$259,028

Net Assets

$3,897,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$260,000	57.9%
Interest Revenue	$6,513	1.5%
Dividends	$129,751	28.9%
Sales of Assets	$77,989	17.4%
Other Income	-$25,082

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$700,833	99.0%
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	$3,897,712
Total Liabilities	$0
Net Assets	$3,897,712

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$241,635

Expenses

$609,134

Net Income

-$367,499

Net Assets

$4,142,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,300	20.8%
Interest Revenue	$6,497	2.7%
Dividends	$111,836	46.3%
Sales of Assets	$152,147	63.0%
Other Income	-$79,145

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$602,832	99.0%
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	$4,142,567
Total Liabilities	$0
Net Assets	$4,142,567

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Dec. 1, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$76,880

Expenses

$566,012

Net Income

-$489,132

Net Assets

$4,191,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	97.6%
Interest Revenue	$6,454	8.4%
Dividends	$217,226	> 100%
Sales of Assets	$134,160	> 100%
Other Income	-$355,960

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$557,900	98.6%
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	$4,191,461
Total Liabilities	$0
Net Assets	$4,191,461

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Sept. 20, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$142,980

Expenses

$2,498

Net Income

$140,482

Net Assets

$4,640,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	35.0%
Interest Revenue	$1,613	1.1%
Dividends	$41,801	29.2%
Sales of Assets	$49,566	34.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$749	30.0%
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	$4,640,765
Total Liabilities	$0
Net Assets	$4,640,765

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Nov.
2020

Revenue

$263,296

Expenses

$336,101

Net Income

-$72,805

Net Assets

$4,141,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	9.5%
Interest Revenue	$6,571	2.5%
Dividends	$172,608	65.6%
Sales of Assets	$87,539	33.2%
Other Income	-$28,422

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,150	98.2%
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	$4,141,448
Total Liabilities	$1
Net Assets	$4,141,447

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Sept. 10, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2019

Revenue

$243,174

Expenses

$491,680

Net Income

-$248,506

Net Assets

$4,146,669

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	20.6%
Interest Revenue	$6,973	2.9%
Dividends	$201,518	82.9%
Sales of Assets	$0
Other Income	$52	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$488,696	99.4%
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	$4,146,670
Total Liabilities	$1
Net Assets	$4,146,669

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Oct. 13, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2018

Revenue

-$335,131

Expenses

$1,011,416

Net Income

-$1,346,547

Net Assets

$4,403,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000
Interest Revenue	$6,783
Dividends	$195,130
Sales of Assets	-$637,162
Other Income	$118

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,009,807	99.8%
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	$4,403,054
Total Liabilities	$0
Net Assets	$4,403,054

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Sept. 21, 2020

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

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending Nov.
2017

Revenue

$648,854

Expenses

$818,637

Net Income

-$169,783

Net Assets

$5,620,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175,000	27.0%
Interest Revenue	$6,481	1.0%
Dividends	$225,368	34.7%
Sales of Assets	$242,005	37.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$815,952	99.7%
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	$5,620,552
Total Liabilities	$0
Net Assets	$5,620,552

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on Sept. 10, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2016

Revenue

$336,293

Expenses

$936,705

Net Income

-$600,412

Net Assets

$5,789,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	44.6%
Interest Revenue	$6,485	1.9%
Dividends	$219,513	65.3%
Sales of Assets	-$39,705
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$934,390	99.8%
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	$5,789,758
Total Liabilities	$0
Net Assets	$5,789,758

Compensation

Key Employees and Officers	Compensation	Other
Barbara Katch (Trustee)	$0	$0
Michael Katch (Trustee)	$0	$0

990-PF

Filed on June 23, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$397,085

Expenses

$723,873

Net Income

-$326,788

Net Assets

$6,392,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,555	1.7%
Dividends	$241,282	60.8%
Sales of Assets	$145,128	36.5%
Other Income	$4,120	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$676,117	93.4%
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	$6,392,600
Total Liabilities	$0
Net Assets	$6,392,600

990-PF

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

PDF

Fiscal Year Ending Nov.
2014

Revenue

$1,479,575

Expenses

$631,891

Net Income

$847,684

Net Assets

$6,719,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	10.1%
Interest Revenue	$6,792	0.5%
Dividends	$241,640	16.3%
Sales of Assets	$1,080,138	73.0%
Other Income	$1,005	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$614,473	97.2%
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	$6,719,388
Total Liabilities	$0
Net Assets	$6,719,388

990-PF

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

PDF

Fiscal Year Ending Nov.
2013

Revenue

$546,915

Expenses

$741,636

Net Income

-$194,721

Net Assets

$5,871,703

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,315	1.7%
Dividends	$299,623	54.8%
Sales of Assets	$237,966	43.5%
Other Income	$11	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$709,196	95.6%
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	$5,871,704
Total Liabilities	$1
Net Assets	$5,871,703

990-PF

Filed on July 30, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2012

Revenue

$1,406,489

Expenses

$777,361

Net Income

$629,128

Net Assets

$6,064,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	71.1%
Interest Revenue	$30,035	2.1%
Dividends	$262,675	18.7%
Sales of Assets	$113,779	8.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$763,165	98.2%
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	$6,064,142
Total Liabilities	$0
Net Assets	$6,064,142

990-PF

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

PDF

Fiscal Year Ending Nov.
2011

Revenue

$491,769

Expenses

$749,507

Net Income

-$257,738

Net Assets

$5,435,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,018	30.5%
Interest Revenue	$34,415	7.0%
Dividends	$209,869	42.7%
Sales of Assets	$93,417	19.0%
Other Income	$4,050	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$741,858	99.0%
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	$5,435,014
Total Liabilities	$0
Net Assets	$5,435,014

990-PF

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

PDF

Fiscal Year Ending Nov.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Nov.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

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Updated June 30, 2025

Herman & Helen Lipsitz Charitable Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $449k (2023)

Expenses $708k (2023)

Total Assets $3.9M (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

No Document Links

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$449k (2023)

Expenses

$708k (2023)

Total Assets

$3.9M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001