Lipsg Foundation Inc in Garden City, New York (NY)

Organization representatives - add corrected or new information about Lipsg Foundation Inc »

Non-representatives - add comments about Lipsg Foundation Inc»

Lipsg Foundation Inc
Employer Identification Number (EIN)271036947
Name of OrganizationLipsg Foundation Inc
In Care of NameKaveh Alizadeh
Address999 Franklin Avenue Suite 300, Garden City, NY 11530
SubsectionCharitable Organization
Ruling Date02/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$212,390
Amount of Income$152,594
Form 990 Revenue Amount$135,385
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Surgery


Non-representatives - add comments:


CAPTCHA

Your IP address 3.136.22.184 will be logged.

Amount of income in 2009: $152,594 (it was $175,161 in 2013)
This organization: 

 $152,594
Other organizations performing similar types of work: 

 $90,500

Assets in 2009: $212,390 (it was $232,570 in 2013)
Lipsg Foundation Inc: 

 $212,390
Other organizations performing similar types of work: 

 $73,106

Expenses in 2013: $107,283
This organization: 

 $107,283
Other organizations performing similar types of work: 

 $86,821

Income to expenses ratio in 2013: 1.4
This organization: 

 1.4
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 98.0%
Lipsg Foundation Inc: 

 98.0%
Other organizations performing similar types of work: 

 99.8%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$153,797$175,161
Contributions, gifts, grants, and similar amounts received$153,797$171,744
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$-54,023$3,417
Gross income from gaming$0$0$0
Gross income from fundraising events$3,327$27,141
Less: direct expenses from gaming and fundraising events$3,327$23,724
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$64,741$107,283
Total net assets$91,196$222,714
Excess/Deficit for the year$89,056$67,878
Net assets or fund balances at beginning of year$2,140$154,836
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$222,714
Balance Sheets
201120122013
Total assets$100,534$164,119$232,570
Total liabilities$9,338$9,283$9,856
Net assets or fund balances$91,196$222,714
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$383,865
Subtotal Support$511,864
Gifts, grants, contributions, and membership fees received$511,864
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$127,999
Total Support$511,864
Public Support$511,864
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$39,689
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Lipsg Foundation Inc to others? (optional)
  
Add photo of Lipsg Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Leir Foundation Inc in New York, NY
*****
Arquetopia Foundation Inc, Arquetopia Foundation For Development in New York, NY
*****
Untapped Shores International Inc in Rochester, NY
*****
Stein Senior Center Inc in New York, NY
Romulus Club Inc in Buffalo, NY
****•
Clarendon Historical Society in Clarendon, NY
Grace Fellowship Ministries Inc in Brooklyn, NY
The Bridge Inc in New York, NY
Gateway Youth Outreach Inc in Elmont, NY
*****
Lucis Trust And Arcane School in New York, NY
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kansas University Plastic Surgery Association3901 Rainbow Blvd, Kansas City, KS 66160-8500KS2010-04$3,880,948
2Childrens Surgical CentrePO BOX 2545, Kodiak, AK 99615-2545AK2010-07$1,514,478
3Paley Foundation Inc1551 N Flagler Drive, West Palm Beach, FL 33401-3438FL2010-03$519,774
4Society Of Robotic Surgeons Inc1100 E Woodfield Rd Ste 350, Schaumburg, IL 60173-5121IL2010-03$486,961
5Access Oc Southern California1505 E 17th St Ste 209, Santa Ana, CA 92705-8520CA2012-09$434,610
6Foundation For Facial Aesthetic Surgery7499 Poplar Pike, Germantown, TN 38138-5934TN2009-02$327,955
7American-Brazilian Aesthetic Meeting5445 Highland Dr, Salt Lake City, UT 84117-7629UT2014-08$288,019
8Face Forward Inc8670 Wilshire Blvd Apt No 200, Beverly Hills, CA 90211CA2009-04$240,732
9Lipsg Foundation Inc999 Franklin Avenue Suite 300, Garden City, NY 11530NY2010-02$152,594
10Mending Faces11811 Upham St Unit 6, Broomfield, CO 80020-2754CO2010-07$125,237
11Operation Changing Lives549 Health Blvd, Daytona Beach, FL 32114-1493FL2010-03$96,081
12Sports Clinic Educational Foundation23961 Calle De La Magdalena, Laguna Hills, CA 92653-3616CA2008-11$90,500
13Freedom To Move Medical Missions10940 Sw Barnes Rd, Portland, OR 97225OR2012-02$85,387
14Bella Vitae Foundation Inc108 London Street, Portsmouth, VA 23704VA2006-11$70,850
15Vanity 4 Humanity Inc58 E 79th St Garden Level, New York, NY 10075NY2011-08$70,236
16Hands Across The World Inc6 Harvest Moon Drive, Natick, MA 01760MA2006-02$63,124
17Chicago Arthroplasty Alumni Foundation545 W Armitage Ave, Elmhurst, IL 60126-2124IL2013-10$34,231
18International Society Of Laparoscopic Colorectal Surgery14005 Nicklaus Dr, Overland Park, KS 66223KS2010-02$26,701
19Face The Future Foundation Inc7885 Valley View Trl, Macclenny, FL 32063-5747FL2014-11$15,000
20Society Of Asian Indian Surgeons Of North America1650 Selwyn Ave Apt 4h, Bronx, NY 10457-7628NY2001-02$0
Number of organizations performing similar types of work
Alaska2
Arizona1
California7
Colorado2
Connecticut1
District of Columbia1
Florida3
Georgia2
Iowa2
Idaho1
Illinois4
Kansas2
Massachusetts1
Maryland1
Michigan2
Minnesota1
Missouri1
Montana1
New Jersey1
Nevada1
New York3
Oklahoma1
Oregon1
Pennsylvania1
South Carolina1
Tennessee1
Texas3
Utah1
Virginia2
Total51

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Lipsg Foundation Inc and has no official or unofficial affiliation with Lipsg Foundation Inc