Nonprofit · EIN 54-0601700
LINCOLN-LANE FOUNDATION
Tax-exempt · NORFOLK, VA 23507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $1,155,210 | $580,481 | $574,729 | $5,291,338 | $7,621 | $5,283,717 |
| July 31, 2024 | 990-PF | $458,475 | $509,224 | -$50,749 | $4,712,962 | $3,974 | $4,708,988 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $561,419
- Dividends
- $139,998
- Interest
- $62
- Net gain from sales of assets
- $453,731
Expenses
- Grants and similar amounts paid
- $305,250
- Compensation of officers, directors and key employees
- $188,813
- Disbursements for charitable purposes
- $493,287
- Excise tax on investment income
- $7,201
Balance sheet and other
- Total assets, start of year
- $4,712,962
- Total assets, end of year
- $5,291,338
- Total liabilities, end of year
- $7,621
- Net assets, end of year
- $5,283,717
- Fair market value of assets
- $5,862,637
- Qualifying distributions
- $493,287
- Net investment income
- $593,791
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH P ACRA 7811 SHORE RD, NORFOLK, VA 23505 | CO-EXECUTIVE | 40 | $60,000 |
| KATHERINE FINNEY 715 ORAPAX AVENUE SUITE B, NORFOLK, VA 23507 | CO-EXEC DIR/ | 40 | $60,000 |
| EDITH G GRANDY 1 COLLEY AVENUE 1409, NORFOLK, VA 23510 | SEC./TREA. | 0 | $49,813 |
| JOHN M ANKERSON 1450 WESTOVER AVENUE, NORFOLK, VA 23507 | PRESIDENT | 0 | $3,800 |
| WALTER M MOORE IV 1420 ARMISTEAD BRIDGE ROAD, NORFOLK, VA 23507 | V/P | 0 | $3,800 |
| PATRICIA J SHOTTON 205 75TH STREET, VIRGINIA BEACH, VA 234511911 | DIRECTOR | 0 | $3,800 |
| MADISON ACRA 7811 NORTH SHORE ROAD, NORFOLK, VA 23505 | DIRECTOR | 0 | $3,800 |
| C WILEY GRANDY 606 WEST MOWBRAY CT, NORFOLK, VA 23507 | DIRECTOR | 0 | $3,800 |
990-PF for the year ended July 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDITH G GRANDY 1 COLLEY AVENUE 1409, NORFOLK, VA 23510 | SEC./TREA. | 0 | $92,004 |
| JOHN M ANKERSON 1450 WESTOVER AVENUE, NORFOLK, VA 23507 | PRESIDENT | 0 | $3,800 |
| WALTER M MOORE IV 1420 ARMISTEAD BRIDGE ROAD, NORFOLK, VA 23507 | V/P | 0 | $3,800 |
| PATRICIA J SHOTTON 205 75TH STREET, VIRGINIA BEACH, VA 234511911 | DIRECTOR | 0 | $3,800 |
| MADISON ACRA 7811 NORTH SHORE ROAD, NORFOLK, VA 23505 | DIRECTOR | 0 | $3,800 |
| C WILEY GRANDY 606 WEST MOWBRAY CT, NORFOLK, VA 23507 | DIRECTOR | 0 | $3,800 |
| KATHY FINNEY 1700 BOLLING AVENUE, NORFOLK, VA 23508 | TREASURER | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 715 ORAPAX ST STE B, NORFOLK, VA 23507-1321
- In care of
- % KATHERINE FINNEY
- Signed the 990-PF
- KATHERINE FINNEY, CO-EXEC DIR/TREAS
- Phone
- (757) 622-2557
- Return prepared by
- SAUNDERS MATTHEWS & PFITZNER 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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 54-0601700
- 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
- July
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,291,338
- Income (IRS master file)
- $3,118,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $1,155,210 | $580,481 | $5,291,338 | XML |
| 990-PF | July 2024 | $458,475 | $509,224 | $4,712,962 | XML |
| 990-PF | July 2023 | – | – | – | IRS |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 2019 | – | – | – | IRS |
| 990-PF | July 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 54-0601700).
Questions about LINCOLN-LANE FOUNDATION
- What is the EIN of LINCOLN-LANE FOUNDATION?
- The employer identification number (EIN) of LINCOLN-LANE FOUNDATION is 54-0601700.
- Is LINCOLN-LANE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to LINCOLN-LANE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LINCOLN-LANE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LINCOLN-LANE FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LINCOLN-LANE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of LINCOLN-LANE FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 8 people; 8 received compensation from the organization, the highest $60,000 (RUTH P ACRA, CO-EXECUTIVE).
- How much revenue does LINCOLN-LANE FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $1,155,210, expenses of $580,481 and total assets of $5,291,338 at year end.
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