Nonprofit · EIN 82-3555198
LULU FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55439
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $455,612 | $558,742 | -$103,130 | $18,409 | $0 | $18,409 |
| December 31, 2024 | 990-PF | $460,359 | $490,753 | -$30,394 | $121,539 | $0 | $121,539 |
| December 31, 2023 | 990-PF | $495,372 | $350,167 | $145,205 | $151,933 | $0 | $151,933 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $452,366
- Dividends
- $8,411
- Net gain from sales of assets
- -$5,165
Expenses
- Grants and similar amounts paid
- $550,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $550,000
- Excise tax on investment income
- $4,903
Balance sheet and other
- Total assets, start of year
- $121,539
- Total assets, end of year
- $18,409
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,409
- Fair market value of assets
- $18,409
- Qualifying distributions
- $550,000
- Net investment income
- $352,884
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD A ERICKSON 1160 MOONEY LAKE DRIVE, ORONO, MN 55391 | PRESIDENT AND DIRECTOR | 1 | $0 |
| TYLER C ERICKSON 198 EAST 7TH STREET APT 13, NEW YORK, NY 10009 | VICE PRESIDENT AND SECRETARY | 1 | $0 |
| LUCAS C ERICKSON 3524 HENNEPIN AVENUE S UNIT 1, MINNEAPOLIS, MN 55408 | VICE PRESIDENT AND TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD A ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | PRESIDENT AND DIRECTOR | 1 | $0 |
| TYLER C ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | VICE PRESIDENT,SECRETARY A | 1 | $0 |
| LUCAS C ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | VICE PRESIDENT,TREASURER A | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD A ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | PRESIDENT AND DIRECTOR | 1 | $0 |
| TYLER C ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | VICE PRESIDENT,SECRETARY A | 1 | $0 |
| LUCAS C ERICKSON 4567 AMERICAN BOULEVARD WEST, BLOOMINGTON, MN 55437 | VICE PRESIDENT,TREASURER A | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 390144, MINNEAPOLIS, MN 55439-0144
- In care of
- % DORSEY & WHITNEY LLP
- Signed the 990-PF
- LUCAS C ERICKSON, VICE PRESIDENT
- Phone
- (612) 219-5126
- Return prepared by
- COPELAND BUHL & COMPANY PLLP
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-3555198
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $18,409
- Income (IRS master file)
- $907,978
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $455,612 | $558,742 | $18,409 | XML |
| 990-PF | December 2024 | $460,359 | $490,753 | $121,539 | IRS |
| 990-PF | December 2023 | $495,372 | $350,167 | $151,933 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 82-3555198).
Questions about LULU FOUNDATION
- What is the EIN of LULU FOUNDATION?
- The employer identification number (EIN) of LULU FOUNDATION is 82-3555198.
- Is LULU FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LULU FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LULU FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LULU 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 LULU 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 LULU FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LULU FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $455,612, expenses of $558,742 and total assets of $18,409 at year end.
Other nonprofits in MINNEAPOLIS
- MINNEAPOLIS FOUNDATION EIN 41-6029402 · last filed 990 for 2025
- MCKNIGHT FOUNDATION EIN 41-0754835 · last filed 990-PF for 2024
- WELLS FARGO FOUNDATION EIN 41-1367441 · last filed 990-PF for 2025
- BAUSTERT FAMILY FOUNDATION EIN 47-3790400 · last filed 990-PF for 2025
- THE RICHARD M SCHULZE FAMILY FOUNDATION EIN 46-5588406 · last filed 990-PF for 2024
- JOYFUL NOISE CHARITABLE FOUNDATION EIN 41-1978254 · last filed 990-PF for 2024
- GHR FOUNDATION EIN 45-3996122 · last filed 990-PF for 2024
- GREATER TWIN CITIES UNITED WAY EIN 41-1973442 · last filed 990 for 2025
All nonprofits in MINNEAPOLIS · Minnesota · Philanthropy, voluntarism and grantmaking foundations