Nonprofit · EIN 13-7152755
LIPPER FAM CHARITABLE FOUNDATION
Also known as LIPPER A MICHAEL & RUTH C TTEES
Tax-exempt · SUMMIT, NJ 07901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $41,597 | $34,630 | $6,967 | $856,269 | $23,050 | $833,219 |
| November 30, 2023 | 990-PF | $26,670 | $176,350 | -$149,680 | $849,302 | $23,050 | $826,252 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Dividends
- $27,635
- Net gain from sales of assets
- $13,962
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $25,000
- Excise tax on investment income
- $426
Balance sheet and other
- Total assets, start of year
- $849,302
- Total assets, end of year
- $856,269
- Total liabilities, end of year
- $23,050
- Net assets, end of year
- $833,219
- Fair market value of assets
- $2,282,340
- Qualifying distributions
- $25,000
- Net investment income
- $30,676
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A MICHAEL LIPPER 85 HOBART AVENUE, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
| RUTH C LIPPER 85 HOBART AVENUE, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
990-PF for the year ended November 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A MICHAEL LIPPER 85 HOBART AVENUE, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
| RUTH C LIPPER 85 HOBART AVENUE, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- CO A M LIPPER 85 HOBART AVE, SUMMIT, NJ 07901-0000
- In care of
- % A MICHAEL LIPPER
- Signed the 990-PF
- A MICHAEL LIPPER, PRESIDENT/TRUSTEE
- Phone
- (908) 273-2454
- Return prepared by
- FREEDMAN CPA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-7152755
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $856,269
- Income (IRS master file)
- $41,597
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $41,597 | $34,630 | $856,269 | XML |
| 990-PF | November 2023 | $26,670 | $176,350 | $849,302 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-7152755).
Questions about LIPPER FAM CHARITABLE FOUNDATION
- What is the EIN of LIPPER FAM CHARITABLE FOUNDATION?
- The employer identification number (EIN) of LIPPER FAM CHARITABLE FOUNDATION is 13-7152755.
- Is LIPPER FAM CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LIPPER FAM CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIPPER FAM CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIPPER FAM CHARITABLE FOUNDATION due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIPPER FAM CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of LIPPER FAM CHARITABLE FOUNDATION?
- The 990-PF for the year ended November 30, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LIPPER FAM CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $41,597, expenses of $34,630 and total assets of $856,269 at year end.
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