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The Lippman School FY2024 filing

Tax-deductible

Akron, OH501(c)(3)Since 1965EducationEIN 34-0968632Revenue $2.2M in FY2024

On file with the IRSlippmandayschool.org750 White Pond Dr, 44320-1128 · Akron, OHTax-exempt since Dec 1965School — 170(b)(1)(A)(ii)

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To create an inclusive, nurturing and vibrant learning environment, anchored in jewish traditions and values, that provides all students with personalized educational experiences which prepares them to achieve their utmost potential throughout their lives as members of a 21st century global society.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$127K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $101K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$261K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-5% vs prior year
Spent
$2.2M
To programs
83%
Net assets
$177K
By yearFY2020–FY2025
Revenue
$2.2M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.8M
FY2023$2.3M
FY2024$2.2M
FY2025$1.9M
Expenses
$2.2M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$1.9M
FY2023$2.0M
FY2024$2.2M
FY2025$1.7M
Net assets
$177K
FY2024▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2020$64K
FY2021$117K
FY2022$266K
FY2023$499K
FY2024$177K
FY2025$205K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.9M Management & general 16% · $362K Fundraising 0% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Matthew Russ
Principal
$91,208Pt VII · Sec A
$36,244Pt VII · Sec A
Mary Hickox
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Beth Cohen
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Samuel Chestnut’s $147K as Head of School is at the 63rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Samuel Chestnut$147,454—$64,974$128,776$132,140$124,402
Matthew Russ$92,920$91,208————
Lanae Joyce—$36,244$34,638$23,956——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides personalized Jewish education in a nurturing, inclusive environment for all students.

Questions for The Lippman School

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2023
01

The lippman school was founded in 1965 as a jewish day school. A cornerstone of the modern school is the diversity of cultures, religions, backgrounds and ethnicities among the student population. Students learn key values such as trust, tolerance, openness, kindness, respect, responsibility, honesty and humility.

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
F W Albrecht Family FoundationFY2025$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$57K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.9M
Managementcol C$362K
Fundraisingcol D$10K
Owns and owesPt X
$177K
net assets · Ln 32
Cash and savingsLn 1–2$27
Total assetsLn 16$438K
LiabilitiesLn 26$261K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$158K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$22K
Other incomeLn 4–11$57K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$27
Cash and savings togetherLn 1–2$27
Land, buildings, equipmentLn 10c$155K
Total assetsLn 16$438K
LiabilitiesLn 26$261K
Net assetsLn 32$177K
OperationsPt I, VI
EmployeesI 533
VolunteersI 665
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1K$27
Land, buildings, equipmentLn 10c$77K$155K
Total assetsLn 16$877K$438K
LiabilitiesLn 26$378K$261K
Net assetsLn 32$499K$177K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$54K$18K
Other salaries and wagesLn 7$1.0M$903K$140K
Other employee benefitsLn 9$191K$164K$27K
Payroll taxesLn 10$88K$76K$13K
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$111K$111K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$23K$11K$12K
OccupancyLn 16$213K$178K$35K
TravelLn 17$31K$29K$1K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$10K$9K$2K
Other expenses (24a–d)Ln 24$357K$318K$30K$10K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$2.2M$1.9M$362K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.7M$195K$205K 990 PDF
FY2024 Viewing $2.2M$2.2M−$46K$177K 990 PDF
FY2023 $2.3M$2.0M$344K$499K 990 PDF
FY2022 $1.8M$1.9M−$68K$266K 990 PDF
FY2021 $1.8M$1.6M$226K$117K 990 PDF
FY2020 $1.7M$1.7M−$44K$64K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,181,709 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,184,598$1,059,493
I-9 Program service revenuePrior year $1,110,438$1,043,414
I-10 Investment incomePrior year $0$21,846
I-11 Other revenuePrior year $3,911$56,956
I-12 Total revenuePrior year $2,298,947$2,181,709
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,111,210$1,394,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $843,851$833,015
I-18 Total expensesPrior year $1,955,061$2,227,530
I-19 Revenue less expensesPrior year $343,886−$45,821
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,181,709 across 10 lines filed
VIII-1c Fundraising events$14,830
VIII-1d Related organizations$219,796
VIII-1e Government grants$157,849
VIII-1f All other contributions, gifts and grants$667,018
VIII-1h Total contributions, gifts and grants$1,059,493
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,043,414$1,043,414
VIII-3 Investment incomeExcluded from tax $21,846$21,846
VIII-8 Net income from fundraising eventsExcluded from tax $281$281
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $56,675$56,675
VIII-12 Total revenueRelated to mission $1,100,089 · Unrelated business $0 · Excluded from tax $22,127$2,181,709
Part IX · Statement of functional expenses $2,227,530 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,450 · Management $18,150$72,600
IX-7 Other salaries and wagesPrograms $902,698 · Management $140,165$1,042,863
IX-9 Other employee benefitsPrograms $163,821 · Management $27,096$190,917
IX-10 Payroll taxesPrograms $75,626 · Management $12,509$88,135
IX-11c Accounting feesManagement $49,197$49,197
IX-11g Other fees for servicesPrograms $110,758$110,758
IX-12 Advertising and promotionPrograms $3,137$3,137
IX-13 Office expensesPrograms $11,230 · Management $11,664$22,894
IX-16 OccupancyPrograms $177,839 · Management $34,797$212,636
IX-17 TravelPrograms $29,461 · Management $1,141$30,602
IX-22 Depreciation, depletion and amortizationManagement $19,233$19,233
IX-23 InsurancePrograms $8,551 · Management $1,674$10,225
IX-24 Other expenses (24a–d)Programs $317,599 · Management $29,950 · Fundraising $9,860$357,409
IX-24e All other expensesManagement $16,924$16,924
IX-25 Total functional expensesPrograms $1,855,170 · Management $362,500 · Fundraising $9,860$2,227,530
Part X · Balance sheet $438,068 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,200$27
X-4 Accounts receivableStart of year $793,778$280,916
X-9 Prepaid expenses and deferred chargesStart of year $5,953$1,817
X-10c Land, buildings and equipment, netStart of year $76,521$155,308
X-16 Total assetsStart of year $877,452$438,068
X-17 Accounts payable and accrued expensesStart of year $272,093$165,428
X-19 Deferred revenueStart of year $105,876$95,161
X-26 Total liabilitiesStart of year $377,969$260,589
X-27 Net assets without donor restrictionsStart of year $499,483$177,479
X-32 Total net assets or fund balancesStart of year $499,483$177,479
X-33 Total liabilities and net assetsStart of year $877,452$438,068
Part XI · Reconciliation of net assets $177,479 net assets at year end
XI-1 Total revenue$2,181,709
XI-2 Total expenses$2,227,530
XI-3 Revenue less expenses−$45,821
XI-4 Net assets at start of year$499,483
XI-9 Other changes in net assets−$276,183
XI-10 Net assets at end of year$177,479

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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