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← LIPPINCOTT FAMILY FOUNDATION INC

Form 990 for tax year 2023

Filed by LIPPINCOTT FAMILY FOUNDATION INC.

Totals

Total revenue
$4,518
Total expenses
$53,622
Contributions and grants received
$0
Grants paid
$41,000
Program service revenue
$0
Investment income
$4,518
Other revenue
$0
Total assets, end of year
$1,116,477
Total liabilities, end of year
$750
Net assets or fund balances, end of year
$1,115,727
Program services expenses (Part IX)
$41,000
Management and general expenses
$12,622
Fundraising expenses
$0
Program service expenses (Part III)
$41,000

Program services were 76.5% 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.

  • 3 · Investment income

    total $18,019 · excluded $18,019

  • 7b · Less cost or other basis and sales expenses

    securities $13,501

  • 7c · Gain or loss

    securities -$13,501

  • 7d · Net gain or loss

    total -$13,501 · excluded -$13,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,000 · program services $41,000

  • 11a · Fees: management

    total $11,433 · management and general $11,433

  • 11f · Fees: investment management

    total $1,189 · management and general $1,189

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,053,443 · end of year $1,116,477

  • 18 · Grants payable

    beginning of year $1,500 · end of year $750

  • 27 · Net assets without donor restrictions

    beginning of year $1,051,943 · end of year $1,115,727

Mission and programs · 2023

Mission

TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS THE ARIZONA COMMUNITY FOUNDATION, INC. REMAINS A QUALIFIED ORGANIZATION.

  • GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.

    Expenses $41,000 · Grants $41,000

As filed on the 2023 return.

Listed in Part VII

  • Ann Lippincott

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Gogolak

    DIRECTOR (THRU 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Janet Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vicki Ruby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Debell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Arkules

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anna Mara Chvez

    PRESIDENT (NON-VOTING)

    Total calculated
    $474,002
    From this org
    $0
    From related orgs
    $473,078
    Other
    $924
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,577 related
    Bonus
    $0 + $12,501 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $924 related
    Filer's total
    $0 + $474,002 related

  • Kyla Quintero

    TREASURER & SECRETARY (THRU 12/23)

    Total calculated
    $402,578
    From this org
    $0
    From related orgs
    $374,901
    Other
    $27,677
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,663 related
    Bonus
    $0 + $51,238 related
    Other
    $0
    Deferred
    $0 + $19,420 related
    Nontaxable benefits
    $0 + $8,257 related
    Filer's total
    $0 + $402,578 related

  • Stephanie Harrer

    TREASURER & SECRETARY

    Total calculated
    $132,337
    From this org
    $0
    From related orgs
    $124,439
    Other
    $7,898
    Hours/week
    1 + 45 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CASSIDY CHARITABLE LP

    EXCLUDED · INVESTMENT · AZ · 99% owned · share of assets $24,300

  • LIBERTY INV LLLP

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of income $79,905 · share of assets $678,550

  • FTP HOLDINGS LLC

    EXCLUDED · INVESTMENT · AZ · 95% owned · share of assets $234,701

  • A&C LAKESIDE INV

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of assets $489,000

  • PEDERSON POSSE LLC-SERIES A

    EXCLUDED · INVESTMENT · AZ · 98% owned · share of income $596,000 · share of assets $596,000

  • PEDERSON POSSE LLC-SERIES B

    EXCLUDED · INVESTMENT · AZ · 98% owned · share of income $1,401,000 · share of assets $1,401,000

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (20)

    INVESTMENT · AZ

  • CHARITABLE LEAD TRUST (2)

    INVESTMENT · AZ

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202443589349300814

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