Robert I Lappin Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Robert I Lappin Charitable Foundation is a 501(c)(3) organization based in Beverly, Massachusetts, registered in 2007, with $1,506,353 in FY2024 revenue. CharityIndex grades it C+.
100 Cummings Center 220-g, Beverly, MA, 01915 EIN 04-6579206 Since 2007
Revenue (FY2024)
$1.5M
▲ 14.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.4M
Net assets
$24.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Robert I Lappin Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating204 mo reserves · +5% 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 Robert I Lappin Charitable Foundation: 204 mo reserves · +5% margin earns a B+ 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 Robert I Lappin Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Robert I Lappin Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 100 Cummings Center 220-g, Beverly, MA, 01915
- City
- Beverly
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $678K (FY2013) to $1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $24.3M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24.3M
Total liabilities
$0
Net assets
$24.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,506,353▲14.6% | $1,431,158▲5.1% | $24,301,859▲7.3% | $24,301,859▲7.3% | 990PF |
| 2023 | $1,314,952▲221% | $1,361,682▲1.5% | $22,640,010▲13.1% | $22,641,577▲13.1% | 990PF |
| 2022 | -$1,086,109▼109% | $1,341,451▲19.2% | $20,014,187▼22.3% | $20,025,825▼22.3% | 990PF |
| 2021 | $11,526,841▲2684% | $1,125,759▲45.9% | $25,758,244▲54.6% | $25,760,168▲54.5% | 990PF |
| 2020 | $413,971▼96.5% | $771,791▲0.5% | $16,665,486▲26.0% | $16,678,401▲26.0% | 990PF |
| 2019 | $11,971,631▲837% | $767,767▲77.7% | $13,223,840▲387% | $13,240,292▲386% | 990PF |
| 2018 | $1,278,005▲68.3% | $432,114▼5.3% | $2,712,997▲15.7% | $2,726,349▲15.3% | 990PF |
| 2017 | $759,138▲23.9% | $456,192▲5.9% | $2,344,853▲14.3% | $2,364,192▲14.7% | 990PF |
| 2016 | $612,594▼4.0% | $430,706▼2.5% | $2,051,800▲10.2% | $2,060,584▲9.9% | 990PF |
| 2015 | $638,362▼32.2% | $441,759▼5.2% | $1,861,792▲10.1% | $1,874,824▲10.1% | 990PF |
| 2014 | $941,893▲38.9% | $465,997▼5.4% | $1,690,909▲39.2% | $1,702,723▲39.3% | 990PF |
| 2013 | $678,183 | $492,691 | $1,215,013 | $1,222,777 | 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.
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Frequently asked questions
- Is Robert I Lappin Charitable Foundation a legitimate nonprofit?
- Yes. Robert I Lappin Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-6579206, based in Beverly, Massachusetts. Donations are tax-deductible.
- What is Robert I Lappin Charitable Foundation's EIN?
- Robert I Lappin Charitable Foundation's Employer Identification Number (EIN) is 04-6579206.
- How much revenue does Robert I Lappin Charitable Foundation report?
- Robert I Lappin Charitable Foundation reported $1,506,353 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Robert I Lappin Charitable Foundation have?
- CharityIndex grades Robert I Lappin Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Robert I Lappin Charitable Foundation (EIN 04-6579206) 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.