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Nonprofiteer
← JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION

Form 990 for tax year 2024

Filed by JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION.

Totals

Total revenue
$398,946
Total expenses
$219,540
Contributions and grants received
$0
Grants paid
$141,678
Program service revenue
$0
Investment income
$38,483
Other revenue
$360,463
Total assets, end of year
$13,175,539
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,175,539
Program services expenses (Part IX)
$141,678
Management and general expenses
$77,862
Fundraising expenses
$0
Program service expenses (Part III)
$141,678

Program services were 64.5% 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 $38,483 · excluded $38,483

  • 11a · Other revenue: INCOME FROM INVESTMENT

    total $360,463 · unrelated business $360,463

  • 11e · Other revenue, total

    $360,463

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,678 · program services $141,678

  • 11c · Fees: accounting

    total $11,084 · management and general $11,084

  • 24a · Other expenses: FEDERAL AND STATE INCOM

    total $66,476 · management and general $66,476

  • 24b · Other expenses: REGISTERED AGENT FEES

    total $200 · management and general $200

  • 24c · Other expenses: SCC FEES

    total $75 · management and general $75

  • 24d · Other expenses: TRAVEL

    total $27 · management and general $27

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $374,777 · end of year $286,979

  • 12 · Investments: other securities

    beginning of year $12,998,750 · end of year $12,888,560

  • 27 · Net assets without donor restrictions

    beginning of year $13,373,527 · end of year $13,175,539

Mission and programs · 2024

Mission

THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

Activities or mission (Part I)

SEE SCHEDULE O THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

  • THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

    Expenses $141,678 · Grants $141,678

As filed on the 2024 return.

Listed in Part VII

  • Sylvia S Acors

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sherrie Armstrong

    TREASURER

    Total calculated
    $500,898
    From this org
    $0
    From related orgs
    $443,614
    Other
    $57,284
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,754 related
    Bonus
    $0 + $52,500 related
    Other
    $0 + $6,360 related
    Deferred
    $0 + $49,838 related
    Nontaxable benefits
    $0 + $7,446 related
    Filer's total
    $0 + $500,898 related

  • Anne G Cross

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Grayson S Johnson

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • J Franklin Jones Jr

    LEGACY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Farhad Aghdami

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Norman L Long

    LEGACY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THE TREASURER PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED 457(F) PLAN SPONSORED BY A RELATED ORGANIZATION. DURING THE 2024 CALENDAR YEAR, THE RELATED ORGANIZATION CONTRIBUTED $40,000 TO THE TREASURER'S 457(F) PLAN, WHICH HAS BEEN REPORTED AS "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C).

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349307446

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