Civic Intelligence

Lapsi Foundation Inc.

EIN 81-2637963 • 501(c)3 • Covina, CA

Pub. 78 Eligible

Profile

To pursue and invest in charitable activities in the united states and abroad.

554 E San Bernardino RdCovina, CA 91723

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

81st percentile

23%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

82%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,036,041

Up $196,714 (+23%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$1,036,041

Up $196,714 (+23%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin95th percentile

Revenue

Up

$257,492

Up $115,751 (+82%) from 2024

Expenses

Up

$60,778

Up $12,981 (+27%) from 2024

Net Income

Up

$196,714

Up $102,770 (+109%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2017: $74,785Net Assets 2017: $74,7852017Assets 2018: $141,219Net Assets 2018: $141,2192018Assets 2019: $244,537Net Assets 2019: $244,5372019Assets 2020: $353,859Net Assets 2020: $353,8592020Assets 2021: $489,620Net Assets 2021: $489,6202021Assets 2022: $621,298Liabilities 2022: $0Net Assets 2022: $621,2982022Assets 2023: $745,383Liabilities 2023: $0Net Assets 2023: $745,3832023Assets 2024: $839,327Liabilities 2024: $0Net Assets 2024: $839,3272024Assets 2025: $1,036,041Liabilities 2025: $0Net Assets 2025: $1,036,0412025

Highlighted filing

2025

Assets$1,036,041
Liabilities$0
Net Assets$1,036,041
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2017: $76,550Expenses 2017: $1,765Net Income 2017: $74,7852017Revenue 2018: $67,514Expenses 2018: $1,080Net Income 2018: $66,4342018Revenue 2019: $103,873Expenses 2019: $555Net Income 2019: $103,3182019Revenue 2020: $109,902Expenses 2020: $580Net Income 2020: $109,3222020Revenue 2021: $138,811Expenses 2021: $3,050Net Income 2021: $135,7612021Revenue 2022: $167,785Expenses 2022: $36,107Net Income 2022: $131,6782022Revenue 2023: $164,710Expenses 2023: $40,625Net Income 2023: $124,0852023Revenue 2024: $141,741Expenses 2024: $47,797Net Income 2024: $93,9442024Revenue 2025: $257,492Expenses 2025: $60,778Net Income 2025: $196,7142025

Highlighted filing

2025

Revenue$257,492
Expenses$60,778
Net Income$196,714
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,036,041
Liabilities
$0
Net assets
$1,036,041
Revenue
$257,492
Expenses
$60,778
Net income
$196,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.26$0.06$0.20
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.00$0.84$0.14$0.05$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.16$0.04$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.17$0.04$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.49$0.14$0.00$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.35$0.11$0.00$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.10$0.00$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.14$0.07$0.00$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.08$0.00$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 3, 2026
Return Version
2025v4.0
Gross Receipts
$257,492
Mission and Program Overview

Mission

To pursue and invest in charitable activities in the united states and abroad.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$796,173$839,449▲ $43,276
Cash and Non-Interest-Bearing Accounts$12,263$100,000▲ $87,737
Savings and Temporary Cash Investments$30,891$96,592▲ $65,701
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$839,327$1,036,041▲ $196,714
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$839,327$1,036,041▲ $196,714
Total Net Assets Fund Balance$839,327$1,036,041▲ $196,714
Total Liabilities and Net Assets / Fund Balance$839,327$1,036,041▲ $196,714
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Arvind LapsiwalaPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$245,000
Program Service Revenue
$0
Investment Income
$12,492
Other Revenue
$0
All Other Contributions
$245,000
Change in Net Assets
$196,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$59,000
Other Expenses$1,778
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$59,000--$59,000
Fees for Services Accounting$1,700--$1,700
Other Expenses$3--$3
Total Functional Expenses$60,778$0$0$60,778
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mt Sac FoundationWalnut, CA--$59,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lapsi Foundation Inc
EIN
81-2637963
Phone
6263319494
Address
554 E SAN BERNARDINO RD, COVINA, CA 91723

Signing Officer

Name
Arvind Lapsiwala
Title
President
Signed
2026-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arvind Lapsiwala
Formed
2016
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Hoffman Short an Accountancy Corp
Address
1037 PARK VIEW DR, COVINA, CA 91724
Preparer
James A Short
Phone
6269320100
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IRS990/TotalFunctionalExpensesGrp/TotalAmt060778
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0839327
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01036041
IRS990/TotalProgramServiceExpensesAmt060778
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0257492
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0839327
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01036041
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0554 E SAN BERNARDINO RD
IRS990/USAddress/CityNm0COVINA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091723
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARVIND LAPSIWALA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAPSI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAPS
ReturnHeader/Filer/EIN0812637963
ReturnHeader/Filer/PhoneNum06263319494
ReturnHeader/Filer/USAddress/AddressLine1Txt0554 E SAN BERNARDINO RD
ReturnHeader/Filer/USAddress/CityNm0COVINA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091723
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813709413
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN SHORT AN ACCOUNTANCY CORP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01037 PARK VIEW DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091724
ReturnHeader/PreparerPersonGrp/PhoneNum06269320100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James A Short
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-03-05T08:46:54-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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