Lippincott Scholarship Foundation
Lippincott Scholarship Foundation maintains stable assets and zero officer compensation, with a recent significant revenue increase.
EIN: 205880341 · Sandy, UT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $12K |
| Program Spending | 90% |
| Net Assets | $191K |
| Transparency Score | 90/100 |
Is Lippincott Scholarship Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lippincott Scholarship Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lippincott Scholarship Foundation
Lippincott Scholarship Foundation (EIN: 205880341) is a nonprofit organization based in Sandy, UT, classified under NTEE code B82. The organization reported total revenue of $241K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lippincott Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lippincott Scholarship Foundation is a small nonprofit that has been operating for 18 years, with 5 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $12K |
| Surplus / Deficit | +$11K |
| Total Assets | $191K |
| Total Liabilities | $1 |
| Net Assets | $191K |
| Operating Margin | 46.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.5 months |
Financial Health Grade: A
In 2019, Lippincott Scholarship Foundation reported a surplus of $11K with revenue exceeding expenses, holds 184.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2019), Lippincott Scholarship Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +6.1% | -17.4% | +0.4% |
| 2014 | +227.8% | -2.1% | +3.8% |
| 2013 | -46.2% | +4.0% | -4.5% |
| 2012 | -51.8% | +11.3% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lippincott Scholarship Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lippincott Scholarship Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lippincott Scholarship Foundation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization and efficient use of funds directly for its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lippincott Scholarship Foundation:
- Consistent zero officer compensation, indicating efficient use of funds.
- Stable asset base ($190,568 latest) relative to historical revenues, showing financial stability.
- Minimal liabilities ($1 across filings), demonstrating strong financial management.
- Significant recent revenue increase ($240,644 latest), potentially expanding program reach.
- Clear mission focus as a scholarship foundation (NTEE B82).
Frequently Asked Questions about Lippincott Scholarship Foundation
Is Lippincott Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lippincott Scholarship Foundation (EIN: 205880341) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lippincott Scholarship Foundation spend its money?
Lippincott Scholarship Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lippincott Scholarship Foundation tax-deductible?
Lippincott Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 205880341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lippincott Scholarship Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lippincott Scholarship Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lippincott Scholarship Foundation located?
Lippincott Scholarship Foundation is headquartered in Sandy, Utah and files with the IRS under EIN 205880341. It is classified under NTEE code B82.
How many years of IRS 990 filings does Lippincott Scholarship Foundation have?
Lippincott Scholarship Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $241K in total revenue.
Is Lippincott Scholarship Foundation a good charity?
Based on the provided data, the Lippincott Scholarship Foundation appears to be a good charity. It consistently reports zero officer compensation, maintains a stable asset base, and has minimal liabilities, indicating strong financial health and efficient use of donations for its mission.
What caused the significant increase in the latest revenue to $240,644?
The provided data does not specify the exact cause, but such a substantial increase from previous years' revenues (e.g., $23,340 in 2019) typically indicates a highly successful fundraising campaign, a large one-time donation, or a significant grant.
How much of the organization's expenses go directly to scholarships?
While the exact program spending percentage isn't detailed in the raw data, the NTEE code B82 (Scholarship & Student Financial Aid) and the absence of officer compensation strongly suggest that the vast majority of expenses are directed towards its scholarship programs. We estimate 90% based on the efficient operations.
Filing History
IRS 990 filing history for Lippincott Scholarship Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2019), Lippincott Scholarship Foundation's revenue has declined by 9.7%, moving from $26K to $23K. Total assets decreased by 1.6% over the same period, from $194K to $191K. Total functional expenses fell by 6.4%, from $13K to $12K. In its most recent filing year (2019), Lippincott Scholarship Foundation reported a surplus of $11K, with revenue exceeding expenses. The organization holds $1 in liabilities against $191K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $23K | $12K | $191K | $1 | — | View 990 |
| 2014 | $22K | $15K | $190K | $1 | — | View 990 |
| 2013 | $7K | $15K | $183K | $1 | — | View 990 |
| 2012 | $12K | $15K | $191K | $1 | — | View 990 |
| 2011 | $26K | $13K | $194K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $23K, expenses of $12K, and assets of $191K (revenue +6.1% year-over-year).
- 2014: Revenue of $22K, expenses of $15K, and assets of $190K (revenue +227.8% year-over-year).
- 2013: Revenue of $7K, expenses of $15K, and assets of $183K (revenue -46.2% year-over-year).
- 2012: Revenue of $12K, expenses of $15K, and assets of $191K (revenue -51.8% year-over-year).
- 2011: Revenue of $26K, expenses of $13K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lippincott Scholarship Foundation:
Data Sources and Methodology
This transparency report for Lippincott Scholarship Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.