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Nonprofit · EIN 38-6087673

LA-Z-BOY FOUNDATION

Tax-exempt · MONROE, MI 48162

Financials

$1.8M$1.5M2023$2.1M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of LA-Z-BOY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,137,415$1,564,705$572,710$26,398,882$0$26,398,882
December 31, 2023990-PF$1,772,767$1,489,951$282,816$25,826,172$0$25,826,172
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$723,949
Interest
$1,119
Net gain from sales of assets
$1,412,347

Expenses

Grants and similar amounts paid
$1,478,000
Disbursements for charitable purposes
$1,478,000
Excise tax on investment income
$28,927

Balance sheet and other

Total assets, start of year
$25,826,172
Total assets, end of year
$26,398,882
Total liabilities, end of year
$0
Net assets, end of year
$26,398,882
Fair market value of assets
$27,699,996
Qualifying distributions
$1,478,000
Net investment income
$2,137,415

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.

NameTitleHours / weekCompensation
SUSAN J VANISACKER
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
ADMIN/TREASU0$0
CHRISTOPHER KNABUSCH
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
PRESIDENT0$0
BETH A LAMBRIX
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
SECRETARY0$0
MELINDA D WHITTINGTON
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0
LINDSAY A BARNES
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0
RAPHAEL Z RICHMOND
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
SUSAN J VANISACKER
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
ADMIN/TREASU0$0
CHRISTOPHER KNABUSCH
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
PRESIDENT0$0
BETH A LAMBRIX
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
SECRETARY0$0
MELINDA D WHITTINGTON
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0
LINDSAY A BARNES
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0
RAPHAEL Z RICHMOND
ONE LA-Z-BOY DRIVE, MONROE, MI 48162
DIRECTOR0$0

Address and contacts

Address (IRS master file)
1 LAZBOY DR, MONROE, MI 48162-5138
Signed the 990-PF
SUSAN J VANISACKER, ADMIN/TREASURER
Phone
(734) 242-1444
Return prepared by
CALKINS HEHL RAFKO CPA'S PLLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-6087673
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
1955
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$26,398,882
Income (IRS master file)
$19,305,429

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,137,415$1,564,705$26,398,882XML
990-PFDecember 2023$1,772,767$1,489,951$25,826,172XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 38-6087673).

Questions about LA-Z-BOY FOUNDATION

What is the EIN of LA-Z-BOY FOUNDATION?
The employer identification number (EIN) of LA-Z-BOY FOUNDATION is 38-6087673.
Is LA-Z-BOY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
Are donations to LA-Z-BOY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LA-Z-BOY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LA-Z-BOY 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 LA-Z-BOY 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 LA-Z-BOY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does LA-Z-BOY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,137,415, expenses of $1,564,705 and total assets of $26,398,882 at year end.

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