Civic Intelligence

Lapsi Foundation Inc.

990EZ • Fiscal year 2021 • EIN 81-2637963

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 01, 2022

Organization ProfileN/A
554 E San Bernardino RdCovina, CA 91723

(626) 331-9494

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

76th percentile

38%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

26%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$489,620

Up $135,761 (+38%) from 2020

Net Assets

Up

$489,620

Up $135,761 (+38%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

Up

$138,811

Up $28,909 (+26%) from 2020

Expenses

Up

$3,050

Up $2,470 (+426%) from 2020

Net Income

Up

$135,761

Up $26,439 (+24%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$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

2021

Assets$489,620
Liabilities-
Net Assets$489,620
Open 2021 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$138,811
Expenses$3,050
Net Income$135,761
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 1, 2022
Return Version
2021v4.0
Gross Receipts
$138,811
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
RECEIVED DONATIONS FOR FUTURE INVESTMENT IN CHARITABLE ACTIVITIES IN THE UNITED STATES AND ABROAD.$3,050-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARVIND LAPSIWALAPresident-$0--
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
2022-03-01
Discuss with paid preparer
Yes

Preparer

Firm
Hoffman Short Rubin Dewinter Sanderson
Address
1037 PARK VIEW DR, COVINA, CA 91724
Preparer
James A Short
Phone
6269320100
Supplemental Narrative

Additional Explanations

Other Expenses.1

“DONATIONS $2500”

Other Expenses.2

“FILING FEES $50”

Raw XML Appendix150 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ARVIND LAPSIWALA
IRS990EZ/BooksInCareOfDetail/PhoneNum06263319494
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0554 E SAN BERNARDINO RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0COVINA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091723
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0353859
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0489620
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0132500
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0135761
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0500
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0353859
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0489620
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0138811
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06311
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0353859
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0489620
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0353859
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0489620
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ARVIND LAPSIWALA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt02550
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PURSUE AND INVEST IN CHARITABLE ACTIVITIES IN THE UNITED STATES AND ABROAD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RECEIVED DONATIONS FOR FUTURE INVESTMENT IN CHARITABLE ACTIVITIES IN THE UNITED STATES AND ABROAD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03050
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03050
IRS990EZ/TotalProgramServiceExpensesAmt03050
IRS990EZ/TotalRevenueAmt0138811
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0132500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0105000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt066000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt076300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0480800
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06311
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04902
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0250
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06311
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04902
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0250
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015850
IRS990ScheduleA/InvestmentIncomeCYPct00.03190
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96810
IRS990ScheduleA/PublicSupportTotal509Amt0480800
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0132500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0105000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt066000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt076300
IRS990ScheduleA/Total509Grp/TotalAmt0480800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0138811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0109902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0103873
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt067514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt076550
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0496650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATIONS $2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FILING FEES $50
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARVIND LAPSIWALA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-01
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 RUBIN DEWINTER SANDERSON
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/ReturnTs02022-03-01T15:52:20-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARVIND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAPSIWALA
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$489,620
Liabilities
-
Net assets
$489,620
Revenue
$138,811
Expenses
$3,050
Net income
$135,761
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