Nonprofit · EIN 23-7032703
LERNER FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $101,335 | $103,221 | -$1,886 | $2,048,099 | $0 | $2,048,099 |
| August 31, 2024 | 990-PF | $587,894 | $139,282 | $448,612 | $2,051,225 | $1,237 | $2,049,988 |
| August 31, 2023 | 990-PF | $342,215 | $146,261 | $195,954 | $1,601,376 | $0 | $1,601,376 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Dividends
- $55,486
- Interest
- $31
- Net gain from sales of assets
- $45,818
Expenses
- Grants and similar amounts paid
- $97,245
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $99,970
- Excise tax on investment income
- $2,063
Balance sheet and other
- Total assets, start of year
- $2,051,222
- Total assets, end of year
- $2,048,099
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,048,099
- Fair market value of assets
- $5,260,526
- Qualifying distributions
- $99,970
- Net investment income
- $151,104
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY LERNER DEC 4825 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | PRESIDENT | 0.1 | $0 |
| MIA LERNER POSADA 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | VICE PRESIDENT, SECRETARY | 0.05 | $0 |
| SANDY K DAVIS LERNER 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | DIRECTOR | 0.01 | $0 |
| JOANIE SUSSMAN 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | DIRECTOR | 0.01 | $0 |
| LEAH A LERNER 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | DIRECTOR | 0.01 | $0 |
990-PF for the year ended August 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY LERNER 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | PRESIDENT | 0.1 | $0 |
| MIA LERNER POSADA 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | VICE PRESIDENT, SECRETARY | 0.05 | $0 |
990-PF for the year ended August 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY LERNER 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | PRESIDENT | 0.1 | $0 |
| MIA LERNER POSADA 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401 | VICE PRESIDENT, SECRETARY | 0.05 | $0 |
Address and contacts
- Address (IRS master file)
- 241 FIRST AVENUE NORTH, MINNEAPOLIS, MN 55401-1699
- Signed the 990-PF
- HARRY LERNER, PRESIDENT
- Phone
- (612) 332-3344
- Return prepared by
- CBIZ 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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 23-7032703
- 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
- 1969
- Accounting year ends
- August
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,048,099
- Income (IRS master file)
- $171,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $101,335 | $103,221 | $2,048,099 | XML |
| 990-PF | August 2024 | $587,894 | $139,282 | $2,051,225 | XML |
| 990-PF | August 2023 | $342,215 | $146,261 | $1,601,376 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 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 23-7032703).
Questions about LERNER FOUNDATION
- What is the EIN of LERNER FOUNDATION?
- The employer identification number (EIN) of LERNER FOUNDATION is 23-7032703.
- Is LERNER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to LERNER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LERNER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LERNER FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LERNER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of LERNER FOUNDATION?
- The 990-PF for the year ended August 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LERNER FOUNDATION have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $101,335, expenses of $103,221 and total assets of $2,048,099 at year end.
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