Civic Intelligence

Lerner Family Foundation Inc.

EIN 56-1720870 • Salisbury, NC

Pub. 78 Eligible
524 West Innes StSalisbury, NC 28144
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

$5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

$5M-$10M nonprofits • Source year 2025

Net Margin

86th percentile

50%

Higher net margin than 86% of similar nonprofits.

$5M-$10M nonprofits • Source year 2025

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$5M-$10M nonprofits • Source year 2025

Asset Growth

64th percentile

7.9%

Faster asset growth than 64% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

66th percentile

22%

Faster revenue growth than 66% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$6,197,119

Up $456,028 (+7.9%) from 2024

Liabilities

Up

$720

Up $720 from 2024

Net Assets

Up

$6,196,399

Up $455,308 (+7.9%) from 2024

Revenue

Up

$916,671

Up $166,665 (+22%) from 2024

Expenses

Up

$461,363

Up $47,215 (+11%) from 2024

Net Income

Up

$455,308

Up $119,450 (+36%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,799,398Liabilities 2011: $02011Assets 2012: $4,013,642Liabilities 2012: $02012Assets 2013: $4,239,496Liabilities 2013: $0Net Assets 2013: $4,239,4962013Assets 2014: $4,432,678Liabilities 2014: $0Net Assets 2014: $4,432,6782014Assets 2015: $4,627,383Liabilities 2015: $0Net Assets 2015: $4,627,3832015Assets 2016: $4,841,454Liabilities 2016: $0Net Assets 2016: $4,841,4542016Assets 2017: $4,850,484Liabilities 2017: $0Net Assets 2017: $4,850,4842017Assets 2018: $5,066,127Liabilities 2018: $0Net Assets 2018: $5,066,1272018Assets 2019: $4,980,512Liabilities 2019: $0Net Assets 2019: $4,980,5122019Assets 2020: $4,977,124Liabilities 2020: $0Net Assets 2020: $4,977,1242020Assets 2021: $5,642,257Liabilities 2021: $0Net Assets 2021: $5,642,2572021Assets 2022: $5,797,875Liabilities 2022: $0Net Assets 2022: $5,797,8752022Assets 2023: $5,405,233Liabilities 2023: $0Net Assets 2023: $5,405,2332023Assets 2024: $5,741,091Liabilities 2024: $0Net Assets 2024: $5,741,0912024Assets 2025: $6,197,119Liabilities 2025: $720Net Assets 2025: $6,196,3992025

Highlighted filing

2025

Assets$6,197,119
Liabilities$720
Net Assets$6,196,399

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $288,807Expenses 2011: $286,343Net Income 2011: $2,4642011Revenue 2012: $518,031Expenses 2012: $303,787Net Income 2012: $214,2442012Expenses 2013: $281,7062013Revenue 2014: $531,653Expenses 2014: $338,471Net Income 2014: $193,1822014Revenue 2015: $535,149Expenses 2015: $340,444Net Income 2015: $194,7052015Revenue 2016: $545,370Expenses 2016: $331,299Net Income 2016: $214,0712016Revenue 2017: $388,835Expenses 2017: $379,805Net Income 2017: $9,0302017Revenue 2018: $596,378Expenses 2018: $380,735Net Income 2018: $215,6432018Revenue 2019: $269,546Expenses 2019: $355,161Net Income 2019: -$85,6152019Revenue 2020: $312,317Expenses 2020: $315,705Net Income 2020: -$3,3882020Revenue 2021: $994,545Expenses 2021: $329,412Net Income 2021: $665,1332021Revenue 2022: $498,454Expenses 2022: $342,836Net Income 2022: $155,6182022Revenue 2023: $25,302Expenses 2023: $417,944Net Income 2023: -$392,6422023Revenue 2024: $750,006Expenses 2024: $414,148Net Income 2024: $335,8582024Revenue 2025: $916,671Expenses 2025: $461,363Net Income 2025: $455,3082025

Highlighted filing

2025

Revenue$916,671
Expenses$461,363
Net Income$455,308

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.20$0.00$6.20$0.92$0.46$0.46
2024Detailed filing. Detailed filing data is available for this year.$5.74$0.00$5.74$0.75$0.41$0.34
2023Detailed filing. Detailed filing data is available for this year.$5.41$0.00$5.41$0.03$0.42$0.39
2022Detailed filing. Detailed filing data is available for this year.$5.80$0.00$5.80$0.50$0.34$0.16
2021Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.99$0.33$0.67
2020Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$0.31$0.32$0.00
2019Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$0.27$0.36$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.07$0.00$5.07$0.60$0.38$0.22
2017Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$0.39$0.38$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.84$0.00$4.84$0.55$0.33$0.21
2015Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$0.54$0.34$0.19
2014Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$0.53$0.34$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.24$0.00$4.24$0.28
2012Summary only. Only limited summary data is available for this year.$4.01$0.00$0.52$0.30$0.21
2011Summary only. Only limited summary data is available for this year.$3.80$0.00$0.29$0.29$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Dec 8, 2025
Return Version
2024v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD LERNERPres./Trea./-$0--
AMANDA LERNERSecretary/Di-$0--
DENA LERNERDirector-$0--
MARLY LERNERDirector-$0--
CARLY KORMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lerner Family Foundation Inc
EIN
56-1720870
Phone
7046365211
Address
524 WEST INNES ST, SALISBURY, NC 28144

Signing Officer

Name
Richard Lerner
Title
Pres./trea./director
Phone
7046365211
Signed
2025-12-08
Discuss with paid preparer
Yes

Preparer

Firm
Sherrill & Smith Cpas Pa
Address
PO BOX 1327, SALISBURY, NC 28145-1327
Preparer
L T Harmon
Phone
7046365211
Raw XML Appendix325 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt2524 WEST INNES STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt3524 WEST INNES STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt4524 WEST INNES STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0SALISBURY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1SALISBURY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2SALISBURY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm3SALISBURY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm4SALISBURY
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd2NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd3NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd4NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd028144
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd128144
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd228144
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd328144
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd428144
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/PFQualifyingDistributionsGrp/ExpensesAndContributionsAmt0359246
IRS990PF/PFQualifyingDistributionsGrp/QualifyingDistributionsAmt0359246
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt017505 W CATAWBA AVE STE 300
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0CORNELIUS
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NC
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd028031
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NC
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0MORGAN STANLEY
IRS990PF/StatementsRegardingActyGrp/PhoneNum07048924730
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0355000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0OPERATING SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PUBLIC CHART
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0SEE ATTACHED SCHEDULE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0SEE SCHEDULE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0SEE SCHEDULE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd028144
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0355000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt011737
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0347509
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0385425
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0359246
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0373688
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0347509
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt01496
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt01496
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1OTHER
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2WASH LOSSES NOT ALLOWED
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt017690
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt017690
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt13540
OtherIncomeSchedule2/OtherIncomeDetail/Desc0OTHER INCOME
OtherIncomeSchedule2/OtherIncomeDetail/Desc1RETURN OF CONTRIBUTION MADE
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt01293
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt12500
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt01293
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt12500
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt062413
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENTS MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt062413
TaxesSchedule/TaxesDetail/Amt09426
TaxesSchedule/TaxesDetail/Amt11381
TaxesSchedule/TaxesDetail/Amt24917
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE TAXES
TaxesSchedule/TaxesDetail/CategoryTxt1ADR FEES
TaxesSchedule/TaxesDetail/CategoryTxt2FOREIGN TAXES
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt01381
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt14917
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LERNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES./TREA./DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07046365211
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LERNER FAMILY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LERN
ReturnHeader/Filer/EIN0561720870
ReturnHeader/Filer/PhoneNum07046365211
ReturnHeader/Filer/USAddress/AddressLine1Txt0524 WEST INNES ST
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028144
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562156279
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERRILL & SMITH CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1327
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0281451327
ReturnHeader/PreparerPersonGrp/PhoneNum07046365211
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L T HARMON
ReturnHeader/ReturnTs02025-12-23T14:28:42-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

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