Herbert and Jacqueline Lippitz Foundation

990PF • Fiscal year 2014 • EIN 36-4225030

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 01, 2015

Organization Profile

1040 N Lake Shore Drive Apt 4DChicago, IL 60611-1172

(847) 835-2666

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • <$500k nonprofits • Source year 2014

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • <$500k nonprofits • Source year 2014

-369%

Higher net margin than 3% of similar nonprofits.

2014 filings • <$500k nonprofits • Source year 2014

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • <$500k nonprofits • Source year 2014

-88%

Faster asset growth than 3% of similar nonprofits.

2014 filings • <$500k nonprofits • Annualized from 2013 to 2014

-85%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets58th percentile

Assets

Down

$5,866

Down $44,512 (-88%) from 2013

Net Assets

Down

$5,866

Down $36,650 (-86%) from 2013

Liabilities

Down

Down $7,862 (-100%) from 2013

Revenue And Expenses

Liabilities / Revenue58th percentile Net Margin3rd percentile

Revenue

Down

$9,942

Down $58,341 (-85%) from 2013

Expenses

Down

$46,592

Down $62,875 (-57%) from 2013

Net Income

-$36,650

Up $4,534 (+11%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$5,866

Liabilities$0

Net Assets$5,866

Open 2014 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$9,942

Expenses$46,592

Net Income-$36,650

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Oct 1, 2015
Return Version: 2014v5.0

Compensation and Service Providers

Top Officer Pay75th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
HERBERT A LIPPITZ	President - Part Time	-	$0	-	-
DEENA LIPPITZ PASCAL	Director - Part Time	-	$0	-	-
STEFEN LIPPITZ	Director - Part Time	-	$0	-	-
JONATHAN LIPPITZ	Director - Part Time	-	$0	-	-
BRADLEY LIPPITZ	Director - Part Time	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Herbert and Jacqueline Lippitz Foundation
EIN: 36-4225030
In Care Of: % HERBERT LIPPITZ
Phone: 8478352666
Address: 1040 N LAKE SHORE DRIVE APT 4D, Chicago, IL 60611-1172

Signing Officer

Name: Herbert Lippitz
Title: President
Phone: 8478352666
Signed: 2015-10-01
Discuss with paid preparer: Yes

Preparer

Firm: Friedman & Huey Assoc Llp
Address: 1313 WEST 175TH STREET, HOMEWOOD, IL 60430
Preparer: Robert Jacobson
Phone: 7087996800

Raw XML Appendix321 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	0	HERBERT A LIPPITZ
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	1	DEENA LIPPITZ PASCAL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	2	STEFEN LIPPITZ
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	3	JONATHAN LIPPITZ
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	4	BRADLEY LIPPITZ
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	0	PRESIDENT - PART TIME
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	1	DIRECTOR - PART TIME
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	2	DIRECTOR - PART TIME
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	3	DIRECTOR - PART TIME
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	4	DIRECTOR - PART TIME
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	CHICAGO
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	IL
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	60611
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	true
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	IL
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	HERBERT LIPPITZ
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	8478352666
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	HERBERT LIPPITZ
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	38750
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	GENERAL PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	0	SEE STMT ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	NA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	IL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	00000
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm	0	NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	38750
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	2023
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	2023
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	103554
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	14892
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	17881
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	10092
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	30294
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	30294
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	186768
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	40349
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	103554
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	14892
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	17881
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	10092
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr	0	2012
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr	0	2011
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr	0	2010
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	42372
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	40349
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	217062
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	176713
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	ACCOUNT MGMT FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	ADR FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	OTHER FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	FILING FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	15
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	339
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	229
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	2	2
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	339
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	229
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	2
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	15
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	0	7862
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	0	DUE TO BROKER
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	0	0
TaxesSchedule/TaxesDetail/Amt	0	42
TaxesSchedule/TaxesDetail/CategoryTxt	0	FOREIGN TAXES
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	42
ReturnHeader/BuildTS	0	2016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	HERBERT LIPPITZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8478352666
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	HERBERT AND JACQUELINE LIPPITZ FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	HERB
ReturnHeader/Filer/EIN	0	364225030
ReturnHeader/Filer/InCareOfNm	0	% HERBERT LIPPITZ
ReturnHeader/Filer/PhoneNum	0	8478352666
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1040 N LAKE SHORE DRIVE APT 4D
ReturnHeader/Filer/USAddress/CityNm	0	Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IL
ReturnHeader/Filer/USAddress/ZIPCd	0	606111172
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	FRIEDMAN & HUEY ASSOC LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1313 WEST 175TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	HOMEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	60430
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7087996800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	ROBERT JACOBSON
ReturnHeader/ReturnTs	0	2015-11-02T16:02:02-06:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $5,866
Liabilities: $0
Net assets: $5,866
Revenue: $9,942
Expenses: $46,592
Net income: -$36,650

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2015Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.06	$0.06
2014Detailed filing. Detailed filing data is available for this year.	$0.06	$0.00	$0.06	$0.10	$0.47	$0.37
2013Detailed filing. Detailed filing data is available for this year.	$0.50	$0.08	$0.43	$0.68	$1.09	$0.41