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Nonprofiteer
← THE LIPPMAN SCHOOL

Form 990 for tax year 2023

Filed by THE LIPPMAN SCHOOL.

Totals

Total revenue
$2,181,709
Total expenses
$2,227,530
Contributions and grants received
$1,059,493
Grants paid
$0
Program service revenue
$1,043,414
Investment income
$21,846
Other revenue
$56,956
Total assets, end of year
$438,068
Total liabilities, end of year
$260,589
Net assets or fund balances, end of year
$177,479
Program services expenses (Part IX)
$1,855,170
Management and general expenses
$362,500
Fundraising expenses
$9,860
Program service expenses (Part III)
$1,855,170

Program services were 83.3% 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.

  • 1c · Fundraising events

    $14,830

  • 1d · Related organizations

    $219,796

  • 1e · Government grants (contributions)

    $157,849

  • 1f · All other contributions, gifts and grants

    $667,018

  • 2a · Program service revenue: TUITION

    total $1,043,414 · related or exempt $1,043,414

  • 3 · Investment income

    total $21,846 · excluded $21,846

  • 8a · Fundraising events: gross income

    $10,133

  • 8a · Fundraising events: contributions included on line 1c

    $14,830

  • 8b · Fundraising events: direct expenses

    $9,852

  • 8c · Net income from fundraising events

    total $281 · excluded $281

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $56,675 · related or exempt $56,675

  • 11e · Other revenue, total

    $56,675

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,600 · program services $54,450 · management and general $18,150

  • 7 · Other salaries and wages

    total $1,042,863 · program services $902,698 · management and general $140,165

  • 9 · Other employee benefits

    total $190,917 · program services $163,821 · management and general $27,096

  • 10 · Payroll taxes

    total $88,135 · program services $75,626 · management and general $12,509

  • 11c · Fees: accounting

    total $49,197 · management and general $49,197

  • 11g · Fees: other

    total $110,758 · program services $110,758

  • 12 · Advertising and promotion

    total $3,137 · program services $3,137

  • 13 · Office expenses

    total $22,894 · program services $11,230 · management and general $11,664

  • 16 · Occupancy

    total $212,636 · program services $177,839 · management and general $34,797

  • 17 · Travel

    total $30,602 · program services $29,461 · management and general $1,141

  • 22 · Depreciation, depletion and amortization

    total $19,233 · management and general $19,233

  • 23 · Insurance

    total $10,225 · program services $8,551 · management and general $1,674

  • 24a · Other expenses: PROGRAM EXPENSES

    total $137,369 · program services $130,961 · fundraising $6,408

  • 24b · Other expenses: FOOD AND SUPPLIES

    total $104,409 · program services $93,662 · management and general $10,747

  • 24c · Other expenses: ALL OTHER MISC

    total $73,939 · program services $51,284 · management and general $19,203 · fundraising $3,452

  • 24d · Other expenses: EQUIPMENT EXPENSES

    total $41,692 · program services $41,692

  • 24e · All other expenses

    total $16,924 · management and general $16,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,200 · end of year $27

  • 4 · Accounts receivable

    beginning of year $793,778 · end of year $280,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,953 · end of year $1,817

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

    $469,756

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

    $314,448

  • 10c · Land, buildings and equipment, net

    beginning of year $76,521 · end of year $155,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,093 · end of year $165,428

  • 19 · Deferred revenue

    beginning of year $105,876 · end of year $95,161

  • 27 · Net assets without donor restrictions

    beginning of year $499,483 · end of year $177,479

Mission and programs · 2023

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 PREPARES 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 $1,855,170 · Revenue $1,100,089

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diana Ponsky

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nora Glauberman

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Mary Hickox

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shawn-Paul Allison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beth Cohen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Denson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Ferbee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rochelle Hostler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lanae Joyce

    TRUSTEE

    Total calculated
    $36,244
    From this org
    $36,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steve Mastrantonio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Miriam Raider-Roth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Wulkan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lauren Osina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronit Sherwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Lanier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew Russ

    PRINCIPAL

    Total calculated
    $98,291
    From this org
    $91,208
    From related orgs
    $0
    Other
    $7,083
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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
2023
Filed
27 April 2025
IRS schema version
2023v6.0
Source object
202541199349300504

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