LAPPIN FOUNDATION
LAPPIN FOUNDATION
Salem, MA, US
•
501(c)(3)
•
EIN
46-1614193
LAPPIN FOUNDATION
Salem, MA, US
•
501(c)(3)
•
EIN
46-1614193
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$762,937
Cash & Equivalents
56%
Investments
25%
Property, Plant, & Equipment (net)
17%
Prepaid Expenses
2%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$154,706
Other Liabilities
69%
Payables & Accruals
31%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$457,390
$424,809
-7%
Receivables (Non-Related)
$100,000
$0
-100%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$6,667
$18,492
+177%
Investments
$78,582
$192,545
+145%
Property, Plant, & Equipment (net)
$171,434
$127,091
-26%
Other Assets
$0
$0
-
Total Assets
$814,073
$762,937
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$45,107
$47,960
+6%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$150,354
$106,746
-29%
Total Liabilities
$195,461
$154,706
-21%
Net assets
2023
2024
Change
Restricted Net Assets
$109,918
$198,610
+81%
Unrestricted Net Assets
$508,694
$409,621
-19%
Net assets
2023
2024
Change
Net assets
+$618,612
+$608,231
-2%
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