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Nonprofit · EIN 46-4081852

LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION

Tax-exempt · BLUE ASH, OH 45242

Financials

$13.4M$312K2023$724K$1.3M2024$3.6M$2.5M2025
Revenue Expenses · by fiscal year end
Financials of LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$3,617,163$2,503,985$1,113,178$33,899,639$0$33,899,639
December 31, 2024990-PF$724,174$1,276,988-$552,814$32,786,461$0$32,786,461
December 31, 2023990-PF$13,420,110$311,807$13,108,303$33,339,275$0$33,339,275
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$1,020,088
Interest
$517
Net gain from sales of assets
$2,596,558

Expenses

Grants and similar amounts paid
$2,210,000
Disbursements for charitable purposes
$2,215,405
Excise tax on investment income
$46,476

Balance sheet and other

Total assets, start of year
$32,786,461
Total assets, end of year
$33,899,639
Total liabilities, end of year
$0
Net assets, end of year
$33,899,639
Fair market value of assets
$55,211,006
Qualifying distributions
$2,215,405
Net investment income
$3,617,163

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.

NameTitleHours / weekCompensation
CARTER F RANDOLPH
10653 TECHWOODS CIRCLE SUITE 101, CINCINNATI, OH 45242
PRESIDENT5$0
CARTER F RANDOLPH
10653 TECHWOODS CIRCLE SUITE 101, CINCINNATI, OH 45242
TREASURER5$0
CARTER L RANDOLPH
10653 TECHWOODS CIRCLE SUITE 101, CINCINNATI, OH 45242
SECRETARY5$0
PATTY BROCKMAN
10653 TECHWOODS CIRCLE SUITE 101, CINCINNATI, OH 45242
SECRETARY5$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
CARTER F RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
PRESIDENT5$0
CARTER F RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
TREASURER5$0
CARTER L RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
SECRETARY5$0
PATTY BROCKMAN
4200 MALSBARY ROAD, BLUE ASH, OH 45242
SECRETARY5$0
GARRETT WAYNE
10026 MOUNT NEBO RD, NORTH BEND, OH 45052
TRUSTEE5$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
CARTER F RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
PRESIDENT5$0
CARTER F RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
TREASURER5$0
CARTER L RANDOLPH
4200 MALSBARY ROAD, BLUE ASH, OH 45242
SECRETARY5$0

Address and contacts

Address (IRS master file)
10653 TECHWOODS CIR STE 101, BLUE ASH, OH 45242-2845
Signed the 990-PF
CARTER F RANDOLPH, TREASURER
Phone
(513) 891-7144
Return prepared by
FAIRBANKS AND COMPANY CPA 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
46-4081852
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
2014
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Health care (E12)
Assets (IRS master file)
$33,899,639
Income (IRS master file)
$28,573,208

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$3,617,163$2,503,985$33,899,639XML
990-PFDecember 2024$724,174$1,276,988$32,786,461XML
990-PFDecember 2023$13,420,110$311,807$33,339,275XML
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 46-4081852).

Questions about LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION

What is the EIN of LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION?
The employer identification number (EIN) of LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION is 46-4081852.
Is LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LOCAL INITIATIVE FOR EXCELLENCE 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 LOCAL INITIATIVE FOR EXCELLENCE 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 LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does LOCAL INITIATIVE FOR EXCELLENCE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,617,163, expenses of $2,503,985 and total assets of $33,899,639 at year end.

Other nonprofits in BLUE ASH

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