Nonprofit · EIN 11-3635985
RANDI AND CLIFFORD LANE FOUNDATION
Tax-exempt · HOLBROOK, NY 11741
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $864,197 | $2,569,951 | -$1,705,754 | $21,074,169 | $52,950 | $21,021,219 |
| December 31, 2023 | 990-PF | $880,192 | $3,070,040 | -$2,189,848 | $22,780,463 | $59,769 | $22,720,694 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $962,279
- Net gain from sales of assets
- -$141,092
- Other income
- $43,010
Expenses
- Grants and similar amounts paid
- $1,718,550
- Compensation of officers, directors and key employees
- $600,000
- Disbursements for charitable purposes
- $1,718,550
- Excise tax on investment income
- $11,063
Balance sheet and other
- Total assets, start of year
- $22,780,463
- Total assets, end of year
- $21,074,169
- Total liabilities, end of year
- $52,950
- Net assets, end of year
- $21,021,219
- Fair market value of assets
- $30,241,273
- Qualifying distributions
- $1,718,550
- Net investment income
- $1,003,963
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW LANE 1065 SE 99th St, Fort Launderdale, FL 33316 | Director | 30 | $300,000 |
| LINDSI LANE WATTS 14 Spring Hill Lane, Old Westbury, NY 11568 | Director | 30 | $300,000 |
| Lindsi Lane Watts 14 Spring Hill Lane, Old Westbury, NY 11568 | Director Highest-paid employee | 30 | $300,000 |
| Matthew Lane 1065 SE 9th Street, Fort Lauderdale, FL 33316 | Director Highest-paid employee | 30 | $300,000 |
| CLIFFORD LANE 19 Quail Run, Old Westbury, NY 11568 | President | 2 | $0 |
| RANDI LANE 19 Quail Run, Old Westbury, NY 11568 | Vice President | 2 | $0 |
| TERRENCE M BENNETT 50 Broad Street Suite 1609, New York, NY 10004 | Director | 0 | $0 |
| THOMAS BROWN 1491 Broadway Ave, Holbrook, NY 11741 | CFO | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Lane 70 Hendricks Isle, Fort Launderdale, FL 33301 | Director | 30 | $300,000 |
| Lindsi Lane 8 Vista Lane, Brookville, NY 11545 | Director | 30 | $300,000 |
| Lindsi Lane 8 Vista Lane, Brookville, NY 11545 | Director Highest-paid employee | 30 | $300,000 |
| Matthew Lane 70 Henricks Isle, Fort Lauderdale, FL 33301 | Director Highest-paid employee | 30 | $300,000 |
| CLIFFORD LANE 8 VISTA LANE, BROOKVILLE, NY 11545 | President | 2 | $0 |
| RANDI LANE 8 VISTA LANE, BROOKVILLE, NY 11545 | Vice President | 2 | $0 |
| TERRANCE M BENNETT 845 THIRD STREET, NEW YORK, NY 10022 | Director | 0 | $0 |
| THOMAS BROWN 1491 BROADWAY AVE, HOLBROOK, NY 11741 | CFO | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1491 BROADWAY AVE, HOLBROOK, NY 11741-5417
- Signed the 990-PF
- CLIFFORD LANE, President
- Phone
- (631) 585-2291
- Return prepared by
- Thomas Brown CPA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 11-3635985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $21,074,169
- Income (IRS master file)
- $4,232,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $864,197 | $2,569,951 | $21,074,169 | IRS |
| 990-PF | December 2023 | $880,192 | $3,070,040 | $22,780,463 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3635985).
Questions about RANDI AND CLIFFORD LANE FOUNDATION
- What is the EIN of RANDI AND CLIFFORD LANE FOUNDATION?
- The employer identification number (EIN) of RANDI AND CLIFFORD LANE FOUNDATION is 11-3635985.
- Is RANDI AND CLIFFORD LANE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to RANDI AND CLIFFORD LANE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RANDI AND CLIFFORD LANE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RANDI AND CLIFFORD LANE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RANDI AND CLIFFORD LANE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RANDI AND CLIFFORD LANE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 4 received compensation from the organization, the highest $300,000 (MATTHEW LANE, Director).
- How much revenue does RANDI AND CLIFFORD LANE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $864,197, expenses of $2,569,951 and total assets of $21,074,169 at year end.
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