Civic Intelligence

Lerner Family Foundation Inc.

990PF • Fiscal year 2021 • EIN 56-1720870

Oct 01, 2020 to Sep 30, 2021 • Filed on Nov 10, 2021

Organization Profile
524 West Innes StSalisbury, NC 28144

(704) 636-5211

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $5M-$10M nonprofits • Source year 2021

Net Margin

89th percentile

67%

Higher net margin than 89% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2021 filings • $5M-$10M nonprofits • Source year 2021

Asset Growth

63rd percentile

13%

Faster asset growth than 63% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

218%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$5,642,257

Up $665,133 (+13%) from 2020

Net Assets

Up

$5,642,257

Up $665,133 (+13%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin89th percentile

Revenue

Up

$994,545

Up $682,228 (+218%) from 2020

Expenses

Up

$329,412

Up $13,707 (+4.3%) from 2020

Net Income

Up

$665,133

Up $668,521 (+19732%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$5,642,257
Liabilities$0
Net Assets$5,642,257
Open 2021 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$994,545
Expenses$329,412
Net Income$665,133
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Nov 10, 2021
Return Version
2020v4.0
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD LERNERTreasurer-$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
Treasurer
Phone
7046365211
Signed
2021-11-10
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 Appendix269 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/UndistributedIncomeGrp/AppliedToYear1Amt0117217
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0363465
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0252809
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0227873
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0117217
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt0800
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0800
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0399
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0399
OtherIncomeSchedule2/OtherIncomeDetail/Desc0OTHER INCOME
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt0338
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0338
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt064456
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENTS MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt064456
TaxesSchedule/TaxesDetail/Amt05018
TaxesSchedule/TaxesDetail/Amt1773
TaxesSchedule/TaxesDetail/Amt23949
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE TAXES
TaxesSchedule/TaxesDetail/CategoryTxt1ADR FEES
TaxesSchedule/TaxesDetail/CategoryTxt2FOREIGN TAXES
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0773
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt13949
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LERNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07046365211
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
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/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/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L T HARMON
ReturnHeader/ReturnTs02021-12-03T12:13:36-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LERNER
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,642,257
Liabilities
$0
Net assets
$5,642,257
Revenue
$994,545
Expenses
$329,412
Net income
$665,133
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