Nonprofit · EIN 20-4253701
JANE AND LEONARD KORMAN FAMILYFOUNDATION
Tax-exempt · TREVOSE, PA 19053
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $631,764 | $6,332,326 | -$5,700,562 | $3,445,476 | $0 | $3,445,476 |
| December 31, 2023 | 990-PF | $2,802,337 | $2,854,460 | -$52,123 | $9,146,038 | $0 | $9,146,038 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $148,846
- Interest
- $45,704
- Net gain from sales of assets
- $431,983
- Other income
- $5,231
Expenses
- Grants and similar amounts paid
- $6,161,781
- Compensation of officers, directors and key employees
- $56,542
- Disbursements for charitable purposes
- $3,211,552
- Excise tax on investment income
- $7,233
Balance sheet and other
- Total assets, start of year
- $9,146,038
- Total assets, end of year
- $3,445,476
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,445,476
- Fair market value of assets
- $5,995,494
- Qualifying distributions
- $3,211,552
- Net investment income
- $631,764
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 |
|---|---|---|---|
| CAROL BORGMANN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | OFFICER & SECRETARY | 5 | $56,542 |
| ALISON KORMAN FELDMAN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | PRESIDENT, CEO & LIFE DIRECTOR | 5 | $0 |
| SUSAN KORMAN SCHURR EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | VICE PRESIDENT & LIFE DIRECTOR | 5 | $0 |
| CATHERINE KORMAN ALTMAN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | TREASURER & LIFE DIRECTOR | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL BORGMANN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | OFFICER & SECRETARY | 5 | $56,528 |
| ALISON KORMAN FELDMAN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | PRESIDENT, CEO & LIFE DIRECTOR | 5 | $0 |
| SUSAN KORMAN SCHURR EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | VICE PRESIDENT & LIFE DIRECTOR | 5 | $0 |
| CATHERINE KORMAN ALTMAN EIGHT NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053 | TREASURER & LIFE DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 8 NESHAMINY INTERPLEX SUITE 400, TREVOSE, PA 19053-6982
- In care of
- % JANE KORMAN
- Signed the 990-PF
- ALISON KORMAN FELDMAN, CO VICE PRESIDENT
- Phone
- (215) 244-5159
- Return prepared by
- GMS SURGENT ADVISORS 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
- 20-4253701
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,445,476
- Income (IRS master file)
- $3,199,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $631,764 | $6,332,326 | $3,445,476 | IRS |
| 990-PF | December 2023 | $2,802,337 | $2,854,460 | $9,146,038 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 20-4253701).
Questions about JANE AND LEONARD KORMAN FAMILYFOUNDATION
- What is the EIN of JANE AND LEONARD KORMAN FAMILYFOUNDATION?
- The employer identification number (EIN) of JANE AND LEONARD KORMAN FAMILYFOUNDATION is 20-4253701.
- Is JANE AND LEONARD KORMAN FAMILYFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to JANE AND LEONARD KORMAN FAMILYFOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JANE AND LEONARD KORMAN FAMILYFOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JANE AND LEONARD KORMAN FAMILYFOUNDATION 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 JANE AND LEONARD KORMAN FAMILYFOUNDATION 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 JANE AND LEONARD KORMAN FAMILYFOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $56,542 (CAROL BORGMANN, OFFICER & SECRETARY).
- How much revenue does JANE AND LEONARD KORMAN FAMILYFOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $631,764, expenses of $6,332,326 and total assets of $3,445,476 at year end.
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