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Lipnick Foundation EIN 74-6088087 Form 990 (PDF) Claim this org

Lipnick Foundation FY2024 filing

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A private foundation based in Houston, TX. It reported about $14K in revenue for 2023. For fiscal year 2024 it reported $14K in revenue, $34K in expenses, and $284K in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Houston, TX
Filings
5 on file (2021–2024)
Revenue
$14KFY2024
Expenses
$34K
Net assets
$284K
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-6088087 Private foundation / grantmaker Houston, TX
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Houston, TX. It reported about $14K in revenue for 2023.
Money in and out
$14K revenue, $34K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$284K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Total assets
284K
deployed as grants and operations
Grants paid
32K
in FY2024
Grants made
12grants
total in period
Payout rate
11%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 12 grants · $19K · 2024–2024
Temple Emanu ElFY2024$5,200
Congreg Emanu ElFY2024$4,330
Project LamplightFY2024$2,500
Edmonds Food BankWA · FY2024$1,800
The Houston Food BankTX · FY2024$1,500
Tulane HillelFY2024$916
Evelyn RubensteinFY2024$704
Undies for EveryoneTX · FY2024$500
Houston Area Parkinsons SocietyFY2024$350
MfahFY2024$340
Holocaust MuseumFY2024$275
American Red CrossFY2024$250

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$2K
Median grantPart XV$916
Largest grantPart XV$5K
Top cause focusNTEEFood & Agriculture (8%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$14K
FY2024▼ -45%
Expenses
$34K
FY2024▲ +49%
Total assets
$284K
FY2024▼ -7%
Total liabilities
$0
FY2024
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$284K
Pt X · Ln 32
Total assetsPt II$284K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLipnick Foundation
EINHdr · item D74-6088087
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Lipnick Foundation executive salaries →

Statement of Revenue

Part VIII
Other revenue$7K · 51%
Investment income$7K · 49%
Other revenue51%$7K
Investment income49%$7K
Total revenueLn 12$14K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.95 Operating & administrative $0.05
Grants & contributions paid95%$32K
Operating & administrative5%$2K
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$284K
Total liabilitiesLn 26$0
Total net assetsLn 32$284K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $284K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $14K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $14K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $14K · Prior year $25K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $284K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $14K · Expenses $34K
-149%
Liabilities-to-Assets
Total liabilities — · Total assets $284K
—
Net-asset ratio
Net assets $284K · Total assets $284K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $34K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -45%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$14K revenue · ⤓ 990 PDF
FY2024$14K revenue · viewing · ⤓ 990 PDF
FY2023$25K revenue · ⤓ 990 PDF
FY2022$-7K revenue · ⤓ 990 PDF
FY2021$29K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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