Nonprofit · EIN 61-1108075
ARTHUR J LERMAN CHARITABLE FOUNDATION INC
Tax-exempt · LOUISVILLE, KY 40207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $223,618 | $202,653 | $20,965 | $1,734,628 | $0 | $1,734,628 |
| October 31, 2024 | 990-PF | $176,294 | $189,251 | -$12,957 | $1,713,663 | $0 | $1,713,663 |
| October 31, 2023 | 990-PF | -$59,216 | $166,412 | -$225,628 | $1,726,620 | $0 | $1,726,620 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $60,333
- Net gain from sales of assets
- $163,285
Expenses
- Grants and similar amounts paid
- $134,252
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $137,967
- Excise tax on investment income
- $2,212
Balance sheet and other
- Total assets, start of year
- $1,713,663
- Total assets, end of year
- $1,734,628
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,734,628
- Fair market value of assets
- $3,293,669
- Qualifying distributions
- $137,967
- Net investment income
- $223,618
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY C LERMAN 26 SOUTHWIND ROAD, LOUISVILLE, KY 40207 | PRESIDENT | 4 | $0 |
| ROBERT FRANK CORNELL 1406 PLUMWOOD DR, LIBERTY, IL 60048 | DIRECTOR | 0 | $0 |
| JOSEPH EDWARD CORNELL 245 JAMAICA LANE, PALM BEACH, FL 33480 | DIRECTOR | 0 | $0 |
990-PF for the year ended October 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY C LERMAN 26 SOUTHWIND ROAD, LOUISVILLE, KY 40207 | PRESIDENT | 4 | $0 |
| ROBERT FRANK CORNELL 1406 PLUMWOOD DR, LIBERTY, IL 60048 | DIRECTOR | 0 | $0 |
| JOSEPH EDWARD CORNELL 245 JAMAICA LANE, PALM BEACH, FL 33480 | DIRECTOR | 0 | $0 |
990-PF for the year ended October 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY C LERMAN 26 SOUTHWIND ROAD, LOUISVILLE, KY 40207 | PRESIDENT | 4 | $0 |
| ROBERT FRANK CORNELL 1406 PLUMWOOD DR, LIBERTY, IL 60048 | DIRECTOR | 0 | $0 |
| JOSEPH EDWARD CORNELL 245 JAMAICA LANE, PALM BEACH, FL 33480 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 26 SOUTHWIND RD, LOUISVILLE, KY 40207-1512
- Signed the 990-PF
- MARY LERMAN, PRESIDENT
- Phone
- (502) 260-7628
- Return prepared by
- LOUIS T ROTH & CO 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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 61-1108075
- 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
- 1987
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,734,628
- Income (IRS master file)
- $351,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $223,618 | $202,653 | $1,734,628 | XML |
| 990-PF | October 2024 | $176,294 | $189,251 | $1,713,663 | XML |
| 990-PF | October 2023 | -$59,216 | $166,412 | $1,726,620 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 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 61-1108075).
Questions about ARTHUR J LERMAN CHARITABLE FOUNDATION INC
- What is the EIN of ARTHUR J LERMAN CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of ARTHUR J LERMAN CHARITABLE FOUNDATION INC is 61-1108075.
- Is ARTHUR J LERMAN CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ARTHUR J LERMAN CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ARTHUR J LERMAN CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ARTHUR J LERMAN CHARITABLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARTHUR J LERMAN CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of ARTHUR J LERMAN CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended October 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does ARTHUR J LERMAN CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $223,618, expenses of $202,653 and total assets of $1,734,628 at year end.
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