Lids Foundation INC: FY2022 Nonprofit Profile & Form 990 (EIN 45-2603096)

Revenue by fiscal year
FY2020	$258K
FY2021	$793K
FY2022	$1.2M
FY2023	$1.1M
FY2024	$1.2M

Expenses by fiscal year
FY2020	$450K
FY2021	$392K
FY2022	$467K
FY2023	$1.0M
FY2024	$1.3M

Net assets by fiscal year
FY2020	$468K
FY2021	$869K
FY2022	$1.5M
FY2023	$1.7M
FY2024	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2012.

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

Where the money goes

57 cents of each dollar spent went to programs.

57%

43%

Program services 57% · $266K Management & general 43% · $201K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Thomas Ripley

President

$0Pt VII · Sec A

Lawrence Berger

Treasurer

$0Pt VII · Sec A

Alan Noskow

Secretary

$0Pt VII · Sec A

William Carr

Controller/Finance Manager

$0Pt VII · Sec A

See Lids Foundation INC executive salaries →

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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 15aNo

Programs and updates

Empowers communities with resources for active, healthy, and productive lives for all ages.

Questions for Lids Foundation INC

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Provided by the organization

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1 program · $266K · in their own filed words · FY2022

01

The foundation awarded grants to 81 grantees including the boys and girls clubs of metropolitan baltimore, sea of trees, and the arc.

$266Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 57 grants · $2.3M · 2020–2024

Our Military Kids INCVA · FY2024$175,000

Covenant HouseNY · FY2024$116,000

Every Kid SportsOR · FY2024$100,000

Seas of Trees INCCO · FY2024$75,000

Jumpstart for Young Children INCMA · FY2024$75,000

Whaler Nation INCVA · FY2024$62,992

Kaboom INCMD · FY2024$62,500

Good Sports INCMA · FY2024$50,000

Make- A- Wish Foundation of AmericaAZ · FY2024$30,436

Asiel Foundation INCPA · FY2024$25,000

Opportunity Enterprises INCIN · FY2024$20,000

Ada Booster ClubFY2024$20,000

Boys & Girls Clubs of Oklahoma County INCOK · FY2024$16,500

Sibley Memorial Hospital FoundationDC · FY2024$15,500

Lift INCDC · FY2024$15,300

Riley Children's HospitalFY2024$10,000

Fellowship of Christian AthletesMO · FY2024$10,000

Independent Grounds Coffee HouseSC · FY2024$10,000

See all 57 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.2M

Ln 12

Gifts and grantsLn 1h$1.1M

Other incomeLn 4–11$65K

Money outPt IX

$467K

Ln 25

Programscol B$266K

Managementcol C$201K

Owns and owesPt X

$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$1.6M

LiabilitiesLn 26$86K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.1M

Fundraising eventsLn 1c$386K

Other incomeLn 4–11$65K

Total revenueLn 12$1.2M

Assets in detailPt X, end of year

CashLn 1$1.4M

Cash and savings togetherLn 1–2$1.4M

Total assetsLn 16$1.6M

LiabilitiesLn 26$86K

Net assetsLn 32$1.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$823K	$1.4M
Total assetsLn 16	$976K	$1.6M
LiabilitiesLn 26	$107K	$86K
Net assetsLn 32	$869K	$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$266K	$266K
Accounting feesLn 11c	$22K		$22K
Other fees for servicesLn 11g	$26K		$26K
Office expensesLn 13	$1K		$1K
Information technologyLn 14	$2K		$2K
TravelLn 17	$5K		$5K
Other expenses (24a–d)Ln 24	$145K		$145K
All other expensesLn 24e	$20		$20
Total functional expensesLn 25	$467K	$266K	$201K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.2M	$1.3M	−$126K	$1.6M	990 PDF
FY2023	$1.1M	$1.0M	$94K	$1.7M	990 PDF
FY2022 Viewing	$1.2M	$467K	$736K	$1.5M	990 PDF
FY2021	$793K	$392K	$401K	$869K	990 PDF
FY2020	$258K	$450K	−$192K	$468K	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 FY2022 990 (6 parts)

Part I · Summary $1,202,516 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $793,231$1,137,516

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$65,000

I-12 Total revenuePrior year $793,231$1,202,516

I-13 Grants and similar amounts paidPrior year $334,500$265,528

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $57,536$200,992

I-18 Total expensesPrior year $392,036$466,520

I-19 Revenue less expensesPrior year $401,195$735,996

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $1,202,516 across 6 lines filed

VIII-1c Fundraising events$386,345

VIII-1f All other contributions, gifts and grants$751,171

VIII-1h Total contributions, gifts and grants$1,137,516

VIII-8 Net income from fundraising eventsExcluded from tax $10,000$10,000

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $55,000$55,000

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $65,000$1,202,516

Part IX · Statement of functional expenses $466,520 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $265,528$265,528

IX-11c Accounting feesManagement $21,565$21,565

IX-11g Other fees for servicesManagement $25,572$25,572

IX-13 Office expensesManagement $1,447$1,447

IX-14 Information technologyManagement $1,878$1,878

IX-17 TravelManagement $5,484$5,484

IX-24 Other expenses (24a–d)Management $145,026$145,026

IX-24e All other expensesManagement $20$20

IX-25 Total functional expensesPrograms $265,528 · Management $200,992 · Fundraising $0$466,520

Part X · Balance sheet $1,636,077 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $822,753$1,408,929

X-3 Pledges and grants receivable$149,148

X-4 Accounts receivableStart of year $153,135$78,000

X-16 Total assetsStart of year $975,888$1,636,077

X-17 Accounts payable and accrued expensesStart of year $3,993$31,186

X-18 Grants payableStart of year $103,000$0

X-25 Other liabilitiesStart of year $0$55,000

X-26 Total liabilitiesStart of year $106,993$86,186

X-27 Net assets without donor restrictionsStart of year $868,895$1,549,891

X-32 Total net assets or fund balancesStart of year $868,895$1,549,891

X-33 Total liabilities and net assetsStart of year $975,888$1,636,077

Part XI · Reconciliation of net assets $1,549,891 net assets at year end

XI-1 Total revenue$1,202,516

XI-2 Total expenses$466,520

XI-3 Revenue less expenses$735,996

XI-4 Net assets at start of year$868,895

XI-9 Other changes in net assets−$55,000

XI-10 Net assets at end of year$1,549,891

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Lids Foundation INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lids Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV