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Lcpv Foundation INC EIN 85-1672894 Form 990 (PDF) Claim this org

Lcpv Foundation INC

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A private foundation based in Monroe, NY. It reported about $2.0M in revenue for 2024. For fiscal year 2024 it reported $2.0M in revenue, $1.4M in expenses, and $2.1M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Monroe, NY
Filings
3 on file (2022–2024)
Revenue
$2.0MFY2024
Expenses
$1.4M
Net assets
$2.1M
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  85-1672894 Private foundation / grantmaker Monroe, NY
Form 990 (PDF)
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Size
$1–10M
What they do
A private foundation based in Monroe, NY. It reported about $2.0M in revenue for 2024.
Leadership
Chani Lipschitz · Trustee
Money in and out
$2.0M revenue, $1.4M expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $556K
Total assets
2.1M
deployed as grants and operations
Grants paid
1.4M
in FY2024
Grants made
91grants
total in period
Payout rate
70%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 91 grants · $1.4M · 2024–2024
Cong Bais NaftaliFY2024$259,990
The Ojc FundNY · FY2024$103,000
Toldos Mordiche ViznitzFY2024$100,330
Cong Chonen VnosenFY2024$50,000
Cong Beth Jacob ChesedFY2024$50,000
Khal Zichron YechezkelFY2024$44,687
Yeshiva Toras EfraimFY2024$35,000
Satmar LakewoodFY2024$33,200
Refuah HelplineFY2024$29,883
Bais BruchaNJ · FY2024$27,545
Cong Anshei HowellFY2024$26,364
Yeshiva Ohr TorahFY2024$25,180
USA Outreach Priority 1NY · FY2024$25,000
Congregation Migdal HashainFY2024$25,000
Congregation Migdal HashainFY2024$25,000
Congregation Heichol HabrochoFY2024$25,000
Tiferes ChayaFY2024$23,284
Eizer BachurimFY2024$22,250
See all 91 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV28
Average grantPart XV$15K
Median grantPart XV$5K
Largest grantPart XV$260K
Top cause focusNTEEReligion (14%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$2.0M
FY2024▲ +4%
Expenses
$1.4M
FY2024▼ -1%
Total assets
$2.1M
FY2024▲ +37%
Total liabilities
$4K
FY2024▼ -15%
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Total assetsPt II$2.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLcpv Foundation INC
EINHdr · item D85-1672894
Principal addressHdr · item CMonroe, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFDec 2020

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lcpv Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$2.0M
Other revenue$6K
Total revenueLn 12$2.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.99 Operating & administrative $0.01
Grants & contributions paid99%$1.4M
Operating & administrative1%$10K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$2.1M
Total liabilitiesLn 26$4K
Total net assetsLn 32$2.1M
Months of cash on handcomputed12.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $2.0M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $2.0M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $2.0M · Prior year $1.9M
+4%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0M · Expenses $1.4M
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Chani Lipschitz · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 4%——

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
FY2024 (Latest)$2.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.9M revenue · ⤓ 990 PDF
FY2022$574K 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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