Nonprofit · EIN 20-2631943
THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $675,060 | $914,343 | -$239,283 | $6,851,188 | $0 | $6,851,188 |
| December 31, 2023 | 990-PF | $670,667 | $1,067,648 | -$396,981 | $7,097,554 | $0 | $7,097,554 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,000
- Dividends
- $217,773
- Net gain from sales of assets
- $57,287
Expenses
- Grants and similar amounts paid
- $521,641
- Compensation of officers, directors and key employees
- $201,785
- Salaries, compensation and benefits (total)
- $23,842
- Disbursements for charitable purposes
- $699,620
- Excise tax on investment income
- $3,159
Balance sheet and other
- Total assets, start of year
- $7,097,554
- Total assets, end of year
- $6,851,188
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,851,188
- Fair market value of assets
- $6,851,188
- Qualifying distributions
- $699,620
- Net investment income
- $258,169
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 | Other / benefits |
|---|---|---|---|---|
| HERBERT NOLAN 10 LAUREL AVENUE, WELLESLEY, MA 02481 | EXECUTIVE DIRECTOR | 40 | $185,785 | $23,000 |
| DAVID SOLOMON 10 LAUREL AVENUE, WELLESLEY, MA 02481 | DIRECTOR | 20 | $16,000 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HERBERT NOLAN 10 LAUREL AVENUE, WELLESLEY, MA 02481 | EXECUTIVE DIRECTOR | 40 | $180,959 | $20,500 |
| DAVID SOLOMON 10 LAUREL AVENUE, WELLESLEY, MA 02481 | DIRECTOR | 20 | $16,000 | $12,579 |
Address and contacts
- Address (IRS master file)
- 10 LAUREL AVE STE 200, WELLESLEY, MA 02481-7535
- In care of
- % DAVID SOLOMON
- Signed the 990-PF
- DAVID SOLOMON, DIRECTOR
- Phone
- (781) 431-1440
- Return prepared by
- DRUMM FRIEDMAN CPA LLC
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
- 20-2631943
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,851,188
- Income (IRS master file)
- $2,911,982
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $675,060 | $914,343 | $6,851,188 | XML |
| 990-PF | December 2023 | $670,667 | $1,067,648 | $7,097,554 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 20-2631943).
Questions about THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC
- What is the EIN of THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC?
- The employer identification number (EIN) of THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC is 20-2631943.
- Is THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC 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 THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC 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 THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $185,785 (HERBERT NOLAN, EXECUTIVE DIRECTOR).
- How much revenue does THE LAWRENCE AND LILLIAN SOLOMON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $675,060, expenses of $914,343 and total assets of $6,851,188 at year end.
Other nonprofits in WELLESLEY
- GIVINGA FOUNDATION INC EIN 47-4172718 · last filed 990 for 2024
- JIREH FOUNDATION EIN 26-2463079 · last filed 990-PF for 2025
- JOBSON FAMILY FOUNDATION EIN 82-6789996 · last filed 990-PF for 2025
- WILLIAM AND LESLIE LEE FAMILY FOUNDATION EIN 33-1244450 · last filed 990-PF for 2024
- BOGLE FAMILY FOUNDATION EIN 47-1858123 · last filed 990-PF for 2025
- CARL & RUTH SHAPIRO FAM FOUNDATION EIN 04-6135027 · last filed 990-PF for 2025
- EAGLEMERE FOUNDATION INC EIN 04-3424302 · last filed 990-PF for 2024
- ERIK & DORRIT PFAU CHARITABLE TR EIN 46-4164102 · last filed 990-PF for 2025
All nonprofits in WELLESLEY · Massachusetts · Philanthropy, voluntarism and grantmaking foundations