Ethel & Abe Lapides Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Ethel & Abe Lapides Foundation Inc is a 501(c)(3) organization based in New Haven, Connecticut, registered in 1948, with $53,608 in FY2024 revenue. CharityIndex grades it D.
Po Box 1691, New Haven, CT, 06507 EIN 06-6068567 Since 1948
Revenue (FY2024)
$54K
▼ 7.2% vs prior year
Expenses (FY2024)
$121K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ethel & Abe Lapides Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating109 mo reserves · -126% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ethel & Abe Lapides Foundation Inc: 109 mo reserves · -126% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ethel & Abe Lapides Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ethel & Abe Lapides Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1691, New Haven, CT, 06507
- City
- New Haven
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $92K (FY2013) to $54K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $294Net assets $1.1M
Operating margin
-126.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$294
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $53,608▼7.2% | $121,184▲38.2% | $1,099,023▼5.8% | $1,099,317▼5.8% | 990PF |
| 2023 | $57,760▼36.5% | $87,674▼5.6% | $1,166,599▼2.5% | $1,167,013▼2.5% | 990PF |
| 2022 | $90,897▼13.6% | $92,893▼6.0% | $1,196,513▼0.2% | $1,196,833▼0.2% | 990PF |
| 2021 | $105,244▲46.4% | $98,820▲22.4% | $1,198,509▲0.5% | $1,198,831▲0.5% | 990PF |
| 2020 | $71,896▲171% | $80,742▲8.9% | $1,192,085▼0.7% | $1,192,614▼0.7% | 990PF |
| 2019 | -$101,050▼311% | $74,171▼6.5% | $1,200,931▼12.7% | $1,201,261▼12.7% | 990PF |
| 2018 | $47,884▲36.4% | $79,353▼5.0% | $1,376,152▼2.2% | $1,376,482▼2.2% | 990PF |
| 2017 | $35,117▼19.1% | $83,553▼1.7% | $1,407,621▼3.3% | $1,407,934▼3.3% | 990PF |
| 2016 | $43,430▲11.4% | $84,963▲4.0% | $1,456,057▼2.8% | $1,456,386▼2.8% | 990PF |
| 2015 | $38,979▲11.5% | $81,677▼4.2% | $1,497,590▼2.8% | $1,497,919▼2.8% | 990PF |
| 2014 | $34,968▼62.2% | $85,234▼2.8% | $1,540,288▼3.2% | $1,540,617▼3.2% | 990PF |
| 2013 | $92,462 | $87,664▼1.2% | $1,590,554▲0.3% | $1,590,883▲0.3% | 990PF |
| 2012 | — | $88,743▲20.1% | $1,585,756▼0.6% | $1,586,085▼0.6% | 990PF |
| 2011 | — | $73,879 | $1,595,014 | $1,595,305 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Ethel & Abe Lapides Foundation Inc a legitimate nonprofit?
- Yes. Ethel & Abe Lapides Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-6068567, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Ethel & Abe Lapides Foundation Inc's EIN?
- Ethel & Abe Lapides Foundation Inc's Employer Identification Number (EIN) is 06-6068567.
- How much revenue does Ethel & Abe Lapides Foundation Inc report?
- Ethel & Abe Lapides Foundation Inc reported $53,608 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ethel & Abe Lapides Foundation Inc have?
- CharityIndex grades Ethel & Abe Lapides Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Ethel & Abe Lapides Foundation Inc (EIN 06-6068567) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.