Nonprofit · EIN 38-3654906
LEO A HERNING FOUNDATION
Also known as HERNING LANCE G TTEE
Tax-exempt · DOWNERS GROVE, IL 60515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $47,716 | $104,905 | -$57,189 | $102,641 | $0 | $102,641 |
| December 31, 2024 | 990-PF | $60,580 | $98,183 | -$37,603 | $159,830 | $0 | $159,830 |
| December 31, 2023 | 990-PF | $68,381 | $88,970 | -$20,589 | $197,433 | $0 | $197,433 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $39,302
- Interest
- $17
- Net rental income
- $65,005
- Net gain from sales of assets
- $8,397
Expenses
- Grants and similar amounts paid
- $102,900
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $104,905
- Excise tax on investment income
- $635
Balance sheet and other
- Total assets, start of year
- $159,830
- Total assets, end of year
- $102,641
- Total liabilities, end of year
- $0
- Net assets, end of year
- $102,641
- Fair market value of assets
- $2,096,140
- Qualifying distributions
- $104,905
- Net investment income
- $47,716
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lance Herning 1411 Coral Berry Ln, Downers Grove, IL 60515 | Director | 1 | $0 |
| Leland Herning 3510 Turnberry Dr, Findlay, OH 45840 | Director | 0 | $0 |
| Jon Herning 7914 Tripp, Skokie, IL 60076 | Director | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lance Herning 1411 Coral Berry Ln, Downers Grove, IL 60515 | Director | 1 | $0 |
| Leland Herning 3510 Turnberry Dr, Findlay, OH 45840 | Director | 0 | $0 |
| Jon Herning 7914 Tripp, Skokie, IL 60076 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lance Herning 1411 Coral Berry Ln, Downers Grove, IL 60515 | Director | 1 | $0 |
| Leland Herning 3510 Turnberry Dr, Findlay, OH 45840 | Director | 0 | $0 |
| Jon Herning 7914 Tripp, Skokie, IL 60076 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1411 CORAL BERRY LN, DOWNERS GROVE, IL 60515-1335
- In care of
- % LANCE G HERNING
- Signed the 990-PF
- Lance Herning, Director
- Phone
- (630) 963-7395
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 | 990-PF 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
- 38-3654906
- 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 (T22)
- Assets (IRS master file)
- $102,641
- Income (IRS master file)
- $104,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $47,716 | $104,905 | $102,641 | IRS |
| 990-PF | December 2024 | $60,580 | $98,183 | $159,830 | IRS |
| 990-PF | December 2023 | $68,381 | $88,970 | $197,433 | 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 38-3654906).
Questions about LEO A HERNING FOUNDATION
- What is the EIN of LEO A HERNING FOUNDATION?
- The employer identification number (EIN) of LEO A HERNING FOUNDATION is 38-3654906.
- Is LEO A HERNING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to LEO A HERNING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEO A HERNING FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEO A HERNING FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEO A HERNING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LEO A HERNING FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LEO A HERNING FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $47,716, expenses of $104,905 and total assets of $102,641 at year end.
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All nonprofits in DOWNERS GROVE · Illinois · Philanthropy, voluntarism and grantmaking foundations