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Nonprofiteer
← THE LIPPMAN SCHOOL

Form 990 for tax year 2022

Filed by THE LIPPMAN SCHOOL.

Totals

Total revenue
$2,298,947
Total expenses
$1,955,061
Contributions and grants received
$1,184,598
Grants paid
$0
Program service revenue
$1,110,438
Investment income
$0
Other revenue
$3,911
Total assets, end of year
$877,452
Total liabilities, end of year
$377,969
Net assets or fund balances, end of year
$499,483
Program services expenses (Part IX)
$1,667,505
Management and general expenses
$278,511
Fundraising expenses
$9,045
Program service expenses (Part III)
$1,667,505

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $211,000

  • 1e · Government grants (contributions)

    $530,609

  • 1f · All other contributions, gifts and grants

    $442,989

  • 2a · Program service revenue: TUITION

    total $1,110,438 · related or exempt $1,110,438 · unrelated business $0

  • 8a · Fundraising events: gross income

    $2,500

  • 8b · Fundraising events: direct expenses

    $177

  • 8c · Net income from fundraising events

    total $2,323 · excluded $2,323

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,588 · related or exempt $1,588

  • 11e · Other revenue, total

    $1,588

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $142,240 · program services $106,680 · management and general $35,560

  • 7 · Other salaries and wages

    total $765,313 · program services $682,179 · management and general $83,134

  • 9 · Other employee benefits

    total $128,871 · program services $112,017 · management and general $16,854

  • 10 · Payroll taxes

    total $74,786 · program services $65,005 · management and general $9,781

  • 11c · Fees: accounting

    total $44,230 · management and general $44,230

  • 11g · Fees: other

    total $204,910 · program services $204,910

  • 12 · Advertising and promotion

    total $1,974 · program services $1,974

  • 13 · Office expenses

    total $34,381 · program services $20,274 · management and general $14,107

  • 16 · Occupancy

    total $179,488 · program services $153,800 · management and general $25,688

  • 17 · Travel

    total $35,252 · program services $34,089 · management and general $1,163

  • 19 · Conferences, conventions and meetings

    total $1,499 · program services $1,499

  • 20 · Interest

    total $260 · program services $223 · management and general $37

  • 22 · Depreciation, depletion and amortization

    total $14,915 · management and general $14,915

  • 23 · Insurance

    total $13,650 · program services $11,696 · management and general $1,954

  • 24a · Other expenses: FOOD AND SUPPLIES

    total $117,261 · program services $117,261

  • 24b · Other expenses: PROGRAM EXPENSES

    total $104,740 · program services $98,179 · fundraising $6,561

  • 24c · Other expenses: EQUIPMENT EXPENSES

    total $20,904 · program services $20,904

  • 24e · All other expenses

    total $70,387 · program services $36,815 · management and general $31,088 · fundraising $2,484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,685 · end of year $1,200

  • 4 · Accounts receivable

    beginning of year $248,901 · end of year $793,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,632 · end of year $5,953

  • 10a · Land, buildings and equipment: cost or other basis

    $371,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $295,215

  • 10c · Land, buildings and equipment, net

    beginning of year $91,436 · end of year $76,521

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,000 · end of year $272,093

  • 19 · Deferred revenue

    beginning of year $46,792 · end of year $105,876

  • 27 · Net assets without donor restrictions

    beginning of year $265,862 · end of year $499,483

Mission and programs · 2022

Mission

TO CREATE AN INCLUSIVE, NURTURING AND VIBRANT LEARNING ENVIRONMENT, ANCHORED IN JEWISH TRADITIONS AND VALUES, THAT PROVIDES ALL STUDENTS WITH PERSONALIZED EDUCATIONAL EXPERIENCES WHICH PREPARE THEM TO ACHIEVE THEIR UTMOST POTENTIAL THROUGHOUT THEIR LIVES AS MEMBERS OF A 21ST CENTURY GLOBAL SOCIETY.

Activities or mission (Part I)

TO CREATE AN INCLUSIVE, NURTURING AND VIBRANT LEARNING ENVIRONMENT, ANCHORED IN JEWISH TRADITIONS AND VALUES, THAT PROVIDES ALL STUDENTS WITH PERSONALIZED EDUCATIONAL EXPERIENCES.

  • 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. WE BELIEVE THESE VALUES HAVE NO BORDERS OR LIMITS AND ARE THE FOUNDATION FOR DEVELOPING STRONG GLOBAL CITIZENS AND LEADERS.

    Expenses $1,667,505 · Revenue $1,110,438

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE MASTRANTONIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIN KATZ-FORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY HICKCOX

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALLISON SHAWN-PAUL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DIANA PONSKY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LANAE JOYCE

    TRUSTEE

    Total calculated
    $34,638
    From this org
    $34,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BETH COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM RAIDER-ROTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NORA GLAUBERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROCHELLE HOSTLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK WULKAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATT FERBEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL CHESTNUT

    HEAD OF SCHOOL

    Total calculated
    $144,062
    From this org
    $64,974
    From related orgs
    $71,355
    Other
    $7,733
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441359349304004

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