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LIPSKY FRED & SARAH FOUNDATION

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Public IRS 990 nonprofit record

LIPSKY FRED & SARAH FOUNDATION

EIN 04-6072512

What they do

LIPSKY FRED & SARAH FOUNDATION

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders1 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$549.16spent for every $100 of revenueSpending was higher than revenue this year.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,809,401 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $8,924 for COMERICA BANK (TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$402,837
Expenses$2,212,238
Annual shortfall $1,809,401 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$402,837
Expenses$2,212,238
Income$666,053
Grants given$2,186,383
Average grant$64,305
Executive compensation (total)$11,568
Accounting fees$2,400
Investing fees$4,297
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
COMERICA BANKTRUSTEE · 1 hrs/week $8,924

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (1)

COMERICA BANKTRUSTEE

About this charity

Location
PO BOX 75000, DETROIT, MI 482757874
County
Wayne
In care of
JACQUELYN SPARKS-WALKER
Primary officer
JACQUELYN SPARKS-WALKER, VICE PRESIDENT

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
February 1, 2016
Return type
990PF
Tax preparer
KPMG LLP
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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