Lippy Foundation

Nonprofit profile at a glance

EIN
237003982
IRS 990-PF coverage
2014–2024
Forms available
Form 990-PF 2024
Location
Warren, OH, USA
Phone
3303992727
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard

Reported finances

Revenue
$21,204
Expenses
$19,374

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Lippy Foundation is a nonprofit. Location: Warren, OH. EIN 237003982. Tax year 2024 Form 990-PF reports $21.2K revenue and $19.4K expenses.

What it reported funding in 2024

The foundation reported 9 grants totaling $9,467. The stated grant purposes included religious, community service, and general operations, plus 1 other reported purpose.

Operating model

Revenue model
Mixed. The foundation's positive operating resources came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 67
  • Cost Efficiency: 49
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 87

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 66.7%; rating input score 67; 12th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 48.9%; rating input score 49; 22nd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Missing
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 27.98; rating input score 87; 87th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 66.7% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 87th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Cost Efficiency: Grant expense ratio scored 49/100.