Nonprofit · EIN 56-1720870
LERNER FAMILY FOUNDATION INC
Tax-exempt · SALISBURY, NC 28144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $916,671 | $461,363 | $455,308 | $6,197,119 | $720 | $6,196,399 |
| September 30, 2024 | 990-PF | $750,006 | $414,148 | $335,858 | $5,741,091 | $0 | $5,741,091 |
| September 30, 2023 | 990-PF | $25,302 | $417,944 | -$392,642 | $5,405,233 | $0 | $5,405,233 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $128,780
- Interest
- $61,127
- Net gain from sales of assets
- $722,971
- Other income
- $3,793
Expenses
- Grants and similar amounts paid
- $355,000
- Disbursements for charitable purposes
- $359,246
- Excise tax on investment income
- $11,503
Balance sheet and other
- Total assets, start of year
- $5,741,091
- Total assets, end of year
- $6,197,119
- Total liabilities, end of year
- $720
- Net assets, end of year
- $6,196,399
- Fair market value of assets
- $8,354,534
- Qualifying distributions
- $359,246
- Net investment income
- $916,671
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | PRES./TREA./ | 0 | $0 |
| AMANDA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | SECRETARY/DI | 0 | $0 |
| DENA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| MARLY LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| CARLY KORMAN 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
990-PF for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | PRES./TREA./ | 0 | $0 |
| AMANDA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | SECRETARY/DI | 0 | $0 |
| DENA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| MARLY LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| CARLY KORMAN 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
990-PF for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | PRES./TREA./ | 0 | $0 |
| AMANDA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | SECRETARY/DI | 0 | $0 |
| DENA LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| MARLY LERNER 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
| CARLY KORMAN 524 WEST INNES STREET, SALISBURY, NC 28144 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 524 W INNES ST, SALISBURY, NC 28144-4231
- Signed the 990-PF
- RICHARD LERNER, PRES./TREA./DIRECTOR
- Phone
- (704) 636-5211
- Return prepared by
- SHERRILL & SMITH CPAS PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 56-1720870
- 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
- 1992
- Accounting year ends
- September
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,197,119
- Income (IRS master file)
- $2,949,858
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $916,671 | $461,363 | $6,197,119 | XML |
| 990-PF | September 2024 | $750,006 | $414,148 | $5,741,091 | XML |
| 990-PF | September 2023 | $25,302 | $417,944 | $5,405,233 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 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 56-1720870).
Questions about LERNER FAMILY FOUNDATION INC
- What is the EIN of LERNER FAMILY FOUNDATION INC?
- The employer identification number (EIN) of LERNER FAMILY FOUNDATION INC is 56-1720870.
- Is LERNER FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to LERNER FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LERNER FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LERNER FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LERNER FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of LERNER FAMILY FOUNDATION INC?
- The 990-PF for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LERNER FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $916,671, expenses of $461,363 and total assets of $6,197,119 at year end.
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