PHYLLIS & NORMAN LIPSETT FOUNDATION
WATCHUNG,
New Jersey,
07069
EIN: 23-2185093
Gifts grants or loans to other organizations
Community Chest United Way etc
DEMOGRAPHIC
ADDRESS
70 CARRAR DR
07069
COUNTY
somerset county, NJ
IN CARE OF NAME
BROWN SCHULTZ SHERIDAN & FRI
ORGANIZATIONAL OVERVIEW & RANKINGS
PHYLLIS & NORMAN LIPSETT FOUNDATION is a based in WATCHUNG, NJ . Established in November 1981, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,757,526.00, this ranks 161,666 among 2,656,690 nonprofits nationally (Top 7%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 4,205 out of 72,131 organizations in NJ (Top 6%).
In somerset county, NJ, the organization ranks 176 out of 2,812 nonprofits by assets (Top 7%), while locally in watchung, it stands at 5 among 73 organizations (Top 5%).
The organization reported no revenue in the most recent filing period, placing it at 1,927,985 nationally and 65,066 in NJ.
Within its specific NTEE classification ( - N/A), which includes 781,348 similar organizations, PHYLLIS & NORMAN LIPSETT FOUNDATION ranks 48,335 in assets (Top 7%) and 725,211 in revenue (Top 93%).
The organization files a 990 - Not required to file(all other) and operates on a July fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
Community Chest United Way etc
NTEE COMMON CODE
N/A
NTEE CODE
N/A
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
08/2023
ACCOUNTING PERIOD
08
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$535,256.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/1981
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,757,526.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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