Nonprofit · EIN 31-1531619
JOHN E AND MARGARET L LANE FOUNDATION
Tax-exempt · COLORADO SPGS, CO 80903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $629,832 | $3,086,688 | -$2,456,856 | $40,813,495 | $13,806 | $40,799,689 |
| December 31, 2023 | 990-PF | $970,067 | $2,382,660 | -$1,412,593 | $43,066,359 | $14,936 | $43,051,423 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,670
- Dividends
- $784,161
- Net rental income
- $30,419
- Net gain from sales of assets
- $278,686
- Other income
- -$611,173
Expenses
- Grants and similar amounts paid
- $2,549,350
- Compensation of officers, directors and key employees
- $111,000
- Disbursements for charitable purposes
- $2,801,301
- Excise tax on investment income
- $1,278
Balance sheet and other
- Total assets, start of year
- $43,066,359
- Total assets, end of year
- $40,813,495
- Total liabilities, end of year
- $13,806
- Net assets, end of year
- $40,799,689
- Fair market value of assets
- $56,158,595
- Qualifying distributions
- $2,801,301
- Net investment income
- $371,938
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 |
|---|---|---|---|
| Laura Blackburn 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Program Officer | 5 | $111,000 |
| Anita K Lane 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director | 1 | $0 |
| PHILIP R LANE 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Chairman and Secretary | 1 | $0 |
| David J Lane 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director | 1 | $0 |
| Eric Ryan 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director and Treasurer | 1 | $0 |
| Jennifer George 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anita K Lane 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director | 1 | $0 |
| PHILIP R LANE 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Chairman and Secretary | 1 | $0 |
| David J Lane 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director | 1 | $0 |
| Eric Ryan 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Director and Treasurer | 1 | $0 |
| Laura Blackburn 13 S TEJON STREET SUITE 200, COLORADO SPRINGS, CO 80903 | Program Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 13 S TEJON ST STE 200, COLORADO SPGS, CO 80903-1520
- In care of
- % SHARON REGIER
- Signed the 990-PF
- PHIL LANE, Chairman
- Phone
- (719) 634-5566
- Website
- www.lanefoundation.org
- Return prepared by
- Sorren Inc
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
- 31-1531619
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $40,813,495
- Income (IRS master file)
- $2,935,380
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $629,832 | $3,086,688 | $40,813,495 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $970,067 | $2,382,660 | $43,066,359 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 31-1531619).
Questions about JOHN E AND MARGARET L LANE FOUNDATION
- What is the EIN of JOHN E AND MARGARET L LANE FOUNDATION?
- The employer identification number (EIN) of JOHN E AND MARGARET L LANE FOUNDATION is 31-1531619.
- Is JOHN E AND MARGARET L LANE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to JOHN E AND MARGARET L LANE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN E AND MARGARET L LANE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN E AND MARGARET L 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 JOHN E AND MARGARET L 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 JOHN E AND MARGARET L LANE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $111,000 (Laura Blackburn, Program Officer).
- How much revenue does JOHN E AND MARGARET L LANE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $629,832, expenses of $3,086,688 and total assets of $40,813,495 at year end.
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