Nonprofit · EIN 52-1205924
LACY FOUNDATION
Tax-exempt · MARTINSVILLE, VA 24115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $176,454 | $179,023 | -$2,569 | $2,042,393 | $0 | $2,042,393 |
| August 31, 2024 | 990-PF | $97,999 | $167,686 | -$69,687 | $2,044,962 | $0 | $2,044,962 |
| August 31, 2023 | 990-PF | $27,967 | $150,463 | -$122,496 | $2,114,649 | $0 | $2,114,649 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Dividends
- $54,154
- Net gain from sales of assets
- $118,204
- Other income
- $4,096
Expenses
- Grants and similar amounts paid
- $153,100
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $153,100
- Excise tax on investment income
- $2,133
Balance sheet and other
- Total assets, start of year
- $2,044,962
- Total assets, end of year
- $2,042,393
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,042,393
- Fair market value of assets
- $2,451,296
- Qualifying distributions
- $153,100
- Net investment income
- $172,358
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK LACY JR P O BOX 3084, MARTINSVILLE, VA 24115 | PRESIDENT | 0.2 | $0 |
| RICHARD W CRITZ PO BOX 989, HOLLIS, NH 03049 | SECRETARY | 0.2 | $0 |
| EDWARD S LACY 1016 SHERATON CT, MARTINSVILLE, VA 24112 | DIRECTOR | 0.05 | $0 |
| BRENT M LACY 4501 WYTHE AVENUE, RICHMOND, VA 23221 | DIRECTOR | 0.05 | $0 |
| FRANK M JAMES III 2613 BUENA VISTA ROAD, WINSTON SALEM, NC 27104 | DIRECTOR | 0.2 | $0 |
| LACY JAMES 172 FIFTH AVE 189, BROOKLYN, NY 11217 | DIRECTOR | 0.05 | $0 |
| KIERRA JAMES 1025 REYNOLDS RD, JOHNSON CITY, NY 13790 | TREASURER | 0.05 | $0 |
| PATRICK CRITZ PO BOX 989, HOLLIS, NH 03049 | DIRECTOR | 0.05 | $0 |
| MADELINE JAMES 917 S 49TH STREET, PHILADELPHIA, PA 19143 | DIRECTOR | 0.05 | $0 |
| TYLER CRITZ PO BOX 989, HOLLIS, NH 03049 | DIRECTOR | 0.05 | $0 |
990-PF for the year ended August 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK LACY JR P O BOX 3084, MARTINSVILLE, VA 24115 | PRESIDENT | 0.2 | $0 |
| RICHARD W CRITZ PO BOX 989, HOLLIS, NH 03049 | SECRETARY | 0.2 | $0 |
| EDWARD S LACY 1016 SHERATON CT, MARTINSVILLE, VA 24112 | DIRECTOR | 0.05 | $0 |
| BRENT M LACY 4501 WYTHE AVENUE, RICHMOND, VA 23221 | DIRECTOR | 0.05 | $0 |
| FRANK M JAMES III 2613 BUENA VISTA ROAD, WINSTON SALEM, NC 27104 | DIRECTOR | 0.2 | $0 |
| LACY JAMES 172 FIFTH AVE 189, BROOKLYN, NY 11217 | DIRECTOR | 0.05 | $0 |
| KIERRA JAMES 1025 REYNOLDS RD, JOHNSON CITY, NY 13790 | TREASURER | 0.05 | $0 |
| PATRICK CRITZ PO BOX 989, HOLLIS, NH 03049 | DIRECTOR | 0.05 | $0 |
| MADELINE JAMES 917 S 49TH STREET, PHILADELPHIA, PA 19143 | DIRECTOR | 0.05 | $0 |
| TYLER CRITZ PO BOX 989, HOLLIS, NH 03049 | DIRECTOR | 0.05 | $0 |
990-PF for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK LACY JR P O BOX 3084, MARTINSVILLE, VA 24115 | PRESIDENT | 0.2 | $0 |
| RICHARD W CRITZ PO BOX 989, HOLLIS, NH 03049 | SECRETARY | 0.2 | $0 |
| EDWARD S LACY 1016 SHERATON CT, MARTINSVILLE, VA 24112 | DIRECTOR | 0.05 | $0 |
| BRENT M LACY 4501 WYTHE AVENUE, RICHMOND, VA 23221 | DIRECTOR | 0.05 | $0 |
| FRANK M JAMES III 2613 BUENA VISTA ROAD, WINSTON SALEM, NC 27104 | TREASURER | 0.2 | $0 |
| LACY JAMES 172 FIFTH AVE 189, BROOKLYN, NY 11217 | DIRECTOR | 0.05 | $0 |
| KIERRA JAMES 1025 REYNOLDS RD, JOHNSON CITY, NY 13790 | DIRECTOR | 0.05 | $0 |
| PATRICK CRITZ PO BOX 989, HOLLIS, NH 03049 | DIRECTOR | 0.05 | $0 |
| MADELINE JAMES 917 S 49TH STREET, PHILADELPHIA, PA 19143 | DIRECTOR | 0.05 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3084, MARTINSVILLE, VA 24115-3084
- Signed the 990-PF
- FRANK LACY JR, PRESIDENT
- Phone
- (276) 252-2504
- Return prepared by
- HARRIS HARVEY NEAL & COLLPCPA'S
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 52-1205924
- 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
- 1981
- Accounting year ends
- August
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,042,393
- Income (IRS master file)
- $1,390,153
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $176,454 | $179,023 | $2,042,393 | XML |
| 990-PF | August 2024 | $97,999 | $167,686 | $2,044,962 | XML |
| 990-PF | August 2023 | $27,967 | $150,463 | $2,114,649 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 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 52-1205924).
Questions about LACY FOUNDATION
- What is the EIN of LACY FOUNDATION?
- The employer identification number (EIN) of LACY FOUNDATION is 52-1205924.
- Is LACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to LACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LACY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LACY FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LACY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of LACY FOUNDATION?
- The 990-PF for the year ended August 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does LACY FOUNDATION have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $176,454, expenses of $179,023 and total assets of $2,042,393 at year end.
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