Melvin A Lipsitz Family Foundation

Waco, TX
Tax-exempt since June 1991
EIN: 74-2587599

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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

$22.3k (2024)

Expenses

$708 (2024)

Total Assets

$279k (2024)

Total Liabilities

$0 (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

$22,307

Expenses

$708

Net Income

$21,599

Net Assets

$278,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,403	46.6%
Sales of Assets	$11,904	53.4%
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	$278,583
Total Liabilities	$0
Net Assets	$278,583

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on March 26, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$9,538

Expenses

$1,198

Net Income

$8,340

Net Assets

$256,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,538	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$500	41.7%
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	$256,986
Total Liabilities	$0
Net Assets	$256,986

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on April 9, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$96,057

Expenses

$100,130

Net Income

-$4,073

Net Assets

$248,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$87,500	91.1%
Interest Revenue	$0
Dividends	$8,864	9.2%
Sales of Assets	-$307
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,500	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	$248,646
Total Liabilities	$0
Net Assets	$248,646

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on May 8, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$10,069

Expenses

$1,883

Net Income

$8,186

Net Assets

$252,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	24.8%
Interest Revenue	$0
Dividends	$7,569	75.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,250	66.4%
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	$252,719
Total Liabilities	$0
Net Assets	$252,719

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on April 5, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$32,795

Expenses

$80,110

Net Income

-$47,315

Net Assets

$244,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	76.2%
Interest Revenue	$0
Dividends	$7,795	23.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,500	99.2%
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	$244,533
Total Liabilities	$1
Net Assets	$244,532

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on March 10, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$8,525

Expenses

$13,652

Net Income

-$5,127

Net Assets

$291,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,525	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,050	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	$291,848
Total Liabilities	$1
Net Assets	$291,847

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on March 25, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$7,728

Expenses

$18,631

Net Income

-$10,903

Net Assets

$296,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,728	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,900	96.1%
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	$296,975
Total Liabilities	$0
Net Assets	$296,975

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on March 27, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$6,685

Expenses

$16,043

Net Income

-$9,358

Net Assets

$307,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,685	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,250	95.1%
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	$307,878
Total Liabilities	$0
Net Assets	$307,878

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on Feb. 26, 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

$10,248

Expenses

$17,095

Net Income

-$6,847

Net Assets

$317,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	29.3%
Interest Revenue	$0
Dividends	$6,578	64.2%
Sales of Assets	$670	6.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,250	95.1%
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	$317,236
Total Liabilities	$0
Net Assets	$317,236

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0
Jamie C Lipsitz (Sec/Treas.)	$0	$0

990-PF

Filed on March 17, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$13,227

Expenses

$666

Net Income

$12,561

Net Assets

$324,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,925	44.8%
Sales of Assets	$7,302	55.2%
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	$324,083
Total Liabilities	$0
Net Assets	$324,083

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lee Gundlach (Sec/Treas.)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0

990-PF

Filed on March 10, 2016

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.
2014

Revenue

$5,549

Expenses

$653

Net Income

$4,896

Net Assets

$311,522

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,549	100%
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	$311,522
Total Liabilities	$0
Net Assets	$311,522

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lee Gundlach (Sec/Treas.)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0

990-PF

Filed on March 4, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$4,915

Expenses

$10,958

Net Income

-$6,043

Net Assets

$306,626

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,913	100.0%
Sales of Assets	$2	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	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	$306,626
Total Liabilities	$0
Net Assets	$306,626

Compensation

Key Employees and Officers	Compensation	Other
Melvin A Lipsitz (Pres & Asst Secretary)	$0	$0
Lee Gundlach (Sec/Treas.)	$0	$0
Lynne Lipsitz (Vice President)	$0	$0

990-PF

Filed on March 13, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$46,478

Expenses

$1,800

Net Income

$44,678

Net Assets

$312,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$42,000	90.4%
Interest Revenue	$0
Dividends	$4,460	9.6%
Sales of Assets	$18	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,500	83.3%
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	$312,669
Total Liabilities	$1
Net Assets	$312,668

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,719

Expenses

$7,650

Net Income

-$3,931

Net Assets

$267,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,683	99.0%
Sales of Assets	$36	1.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,350	96.1%
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	$267,991
Total Liabilities	$0
Net Assets	$267,991

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Melvin A Lipsitz Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $22.3k (2024)

Expenses $708 (2024)

Total Assets $279k (2024)

Total Liabilities $0 (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$22.3k (2024)

Expenses

$708 (2024)

Total Assets

$279k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2017

Fiscal Year Ending Dec.
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2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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