Lipsg Foundation Inc in Garden City, New York (NY)
Table of contents:
Lipsg Foundation Inc | |
Employer Identification Number (EIN) | 271036947 |
Name of Organization | Lipsg Foundation Inc |
In Care of Name | Kaveh Alizadeh |
Address | 999 Franklin Avenue Suite 300, Garden City, NY 11530 |
Subsection | Charitable Organization |
Ruling Date | 02/2010 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 2009 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (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:
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% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
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 | |||
2011 | 2012 | 2013 | |
---|---|---|---|
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 | |||
2011 | 2012 | 2013 | |
---|---|---|---|
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 activities | No | No | |
Has the organization filed a Form 990-T for the year? | No | No | |
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? | No | No |
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 supported | 0 |
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 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Kansas University Plastic Surgery Association | 3901 Rainbow Blvd, Kansas City, KS 66160-8500 | KS | 2010-04 | $3,880,948 |
2 | Childrens Surgical Centre | PO BOX 2545, Kodiak, AK 99615-2545 | AK | 2010-07 | $1,514,478 |
3 | Paley Foundation Inc | 1551 N Flagler Drive, West Palm Beach, FL 33401-3438 | FL | 2010-03 | $519,774 |
4 | Society Of Robotic Surgeons Inc | 1100 E Woodfield Rd Ste 350, Schaumburg, IL 60173-5121 | IL | 2010-03 | $486,961 |
5 | Access Oc Southern California | 1505 E 17th St Ste 209, Santa Ana, CA 92705-8520 | CA | 2012-09 | $434,610 |
6 | Foundation For Facial Aesthetic Surgery | 7499 Poplar Pike, Germantown, TN 38138-5934 | TN | 2009-02 | $327,955 |
7 | American-Brazilian Aesthetic Meeting | 5445 Highland Dr, Salt Lake City, UT 84117-7629 | UT | 2014-08 | $288,019 |
8 | Face Forward Inc | 8670 Wilshire Blvd Apt No 200, Beverly Hills, CA 90211 | CA | 2009-04 | $240,732 |
9 | Lipsg Foundation Inc | 999 Franklin Avenue Suite 300, Garden City, NY 11530 | NY | 2010-02 | $152,594 |
10 | Mending Faces | 11811 Upham St Unit 6, Broomfield, CO 80020-2754 | CO | 2010-07 | $125,237 |
11 | Operation Changing Lives | 549 Health Blvd, Daytona Beach, FL 32114-1493 | FL | 2010-03 | $96,081 |
12 | Sports Clinic Educational Foundation | 23961 Calle De La Magdalena, Laguna Hills, CA 92653-3616 | CA | 2008-11 | $90,500 |
13 | Freedom To Move Medical Missions | 10940 Sw Barnes Rd, Portland, OR 97225 | OR | 2012-02 | $85,387 |
14 | Bella Vitae Foundation Inc | 108 London Street, Portsmouth, VA 23704 | VA | 2006-11 | $70,850 |
15 | Vanity 4 Humanity Inc | 58 E 79th St Garden Level, New York, NY 10075 | NY | 2011-08 | $70,236 |
16 | Hands Across The World Inc | 6 Harvest Moon Drive, Natick, MA 01760 | MA | 2006-02 | $63,124 |
17 | Chicago Arthroplasty Alumni Foundation | 545 W Armitage Ave, Elmhurst, IL 60126-2124 | IL | 2013-10 | $34,231 |
18 | International Society Of Laparoscopic Colorectal Surgery | 14005 Nicklaus Dr, Overland Park, KS 66223 | KS | 2010-02 | $26,701 |
19 | Face The Future Foundation Inc | 7885 Valley View Trl, Macclenny, FL 32063-5747 | FL | 2014-11 | $15,000 |
20 | Society Of Asian Indian Surgeons Of North America | 1650 Selwyn Ave Apt 4h, Bronx, NY 10457-7628 | NY | 2001-02 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 51 |
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