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Lap Foundation

Organization summary

Type of Nonprofit

Designated as a 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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$137k (2024)

Expenses
$129k (2024)

Total Assets
$1.03M (2024)

Total Liabilities
$4.95k (2024)

Source: Form 990 tax filings from 2010 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$137,150
Expenses
$128,807
Net Income
$8,343
Net Assets
$1,027,671
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,410
1.8%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,495
58.6%
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 $1,032,621
Total Liabilities $4,950
Net Assets $1,027,671
Compensation
Key Employees and Officers Compensation Other
Katherine Mauldin (President) $0 $0
Paul Adelman (Treasurer) $0 $0
Jeffrey Griffin (Secretary) $0 $0
Julia S Adelman (Assistant Secretary) $0 $0
Nicholas E Adelman (Assistant Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$146,753
Expenses
$158,338
Net Income
-$11,585
Net Assets
$1,019,327
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,647
1.1%
Dividends $0
Sales of Assets $0
Other Income $3,050
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $101,310
64.0%
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 $1,030,504
Total Liabilities $11,177
Net Assets $1,019,327
Compensation
Key Employees and Officers Compensation Other
Katherine Mauldin (President) $0 $0
Paul Adelman (Treasurer) $0 $0
Jeffrey Griffin (Secretary) $0 $0
Julia S Adelman (Assistant Secretary) $0 $0
Nicholas E Adelman (Assistant Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$144,880
Expenses
$163,971
Net Income
-$19,091
Net Assets
$1,030,912
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $26,987
18.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,238
67.2%
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 $1,035,862
Total Liabilities $4,950
Net Assets $1,030,912
Compensation
Key Employees and Officers Compensation Other
Katherine Mauldin (President) $0 $0
Paul Adelman (Treasurer) $0 $0
Jeffrey Griffin (Secretary) $0 $0
Julia S Adelman (Assistant Secretary) $0 $0
Nicholas E Adelman (Assistant Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$177,577
Expenses
$180,008
Net Income
-$2,431
Net Assets
$1,050,003
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40,000
22.5%
Interest Revenue $0
Dividends $0
Sales of Assets $20,291
11.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,750
64.3%
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 $1,054,953
Total Liabilities $4,950
Net Assets $1,050,003
Compensation
Key Employees and Officers Compensation Other
Katherine Mauldin (President) $0 $0
Paul Adelman (Treasurer) $0 $0
Jeffrey Griffin (Secretary) $0 $0
Julia S Adelman (Assistant Secretary) $0 $0
Nicholas E Adelman (Assistant Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,240
Expenses
$174,113
Net Income
-$52,873
Net Assets
$1,052,434
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8
0.0%
Dividends $0
Sales of Assets $0
Other Income $1,491
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $82,500
47.4%
Compensation of Officers* $3,500
2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,091,008
Total Liabilities $38,574
Net Assets $1,052,434
Compensation
Key Employees and Officers Compensation Other
Jeff Griffin (Board Member) $3,500 $0
Katherine H Mauldin (President) $0 $0
Paul I Adelman (Treasurer) $0 $0
Julia S Adelman (Secretary) $0 $0
Nicholas E Adelman (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$92,737
Expenses
$143,596
Net Income
-$50,859
Net Assets
$1,105,307
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,000
34.8%
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 $1,210,257
Total Liabilities $104,950
Net Assets $1,105,307
Compensation
Key Employees and Officers Compensation Other
Katherine H Mauldin (President) $0 $0
Paul Adelman (Treasurer &) $0 $0
Jeff Griffin (Secretary) $0 $0
Julie Adelman (Assistant Se) $0 $0
Nicholas Adelman (Assistant Tr) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,421
Expenses
$81,815
Net Income
-$70,394
Net Assets
$1,156,166
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $21
0.2%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $1,156,166
Total Liabilities $0
Net Assets $1,156,166
Compensation
Key Employees and Officers Compensation Other
Katherine H Mauldin (President) $0 $0
Paul Adelman (Secretary) $0 $0
Jeff Griffin (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,600
Expenses
$155,992
Net Income
-$84,392
Net Assets
$1,226,560
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,000
46.2%
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 $1,226,560
Total Liabilities $0
Net Assets $1,226,560
Compensation
Key Employees and Officers Compensation Other
Katherine H Mauldin (President) $0 $0
Paul Adelman (Secretary) $0 $0
Jeff Griffin (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,375
Expenses
$136,365
Net Income
$39,010
Net Assets
$1,310,952
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $75,000
42.8%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,500
48.8%
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 $1,310,952
Total Liabilities $0
Net Assets $1,310,952
Compensation
Key Employees and Officers Compensation Other
Katherine H Giard (President) $0 $0
Paul Adelman (Secretary) $0 $0
Jeff Griffin (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$113,700
Expenses
$134,987
Net Income
-$21,287
Net Assets
$1,271,942
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $89,000
65.9%
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 $1,271,942
Total Liabilities $0
Net Assets $1,271,942
Compensation
Key Employees and Officers Compensation Other
Katherine H Giard (President) $0 $0
Paul Adelman (Secretary) $0 $0
Chip Brown (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$95,803
Expenses
$155,670
Net Income
-$59,867
Net Assets
$1,299,381
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $12,103
12.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,500
63.3%
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 $1,299,381
Total Liabilities $0
Net Assets $1,299,381
Compensation
Key Employees and Officers Compensation Other
Katherine H Giard (President) $0 $0
Paul Adelman (Secretary) $0 $0
Chip Brown (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$133,471
Expenses
$145,844
Net Income
-$12,373
Net Assets
$1,361,247
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $90,500
62.1%
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 $1,361,247
Total Liabilities $0
Net Assets $1,361,247
Compensation
Key Employees and Officers Compensation Other
Katherine H Giard (President) $0 $0
Paul Adelman (Secretary) $0 $0
Chip Brown (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$207,800
Expenses
$136,486
Net Income
$71,314
Net Assets
$1,373,619
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $85,000
40.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,500
52.4%
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 $1,373,620
Total Liabilities $1
Net Assets $1,373,619

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$117,200
Expenses
$112,169
Net Income
$5,031
Net Assets
$1,302,305
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,000
60.6%
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 $1,302,306
Total Liabilities $1
Net Assets $1,302,305

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,325,800
Expenses
$28,525
Net Income
$1,297,275
Net Assets
$1,297,275
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,325,800
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,000
45.6%
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 $1,297,275
Total Liabilities $0
Net Assets $1,297,275

Document Links

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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