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Nonprofit · EIN 56-1622837

L B LANE FAMILY FOUNDATION INC

Tax-exempt · HICKORY, NC 28601

Financials

$114K$130K2023$216K$154K2024$55K$169K2025
Revenue Expenses · by fiscal year end
Financials of L B LANE FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$54,722$169,478-$114,756$670,236$0$670,236
December 31, 2024990-PF$216,307$154,414$61,893$784,993$0$784,993
December 31, 2023990-PF$114,280$129,830-$15,550$723,100$0$723,100
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$48,432
Interest
$7,915
Net gain from sales of assets
-$1,625

Expenses

Grants and similar amounts paid
$160,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$165,031
Excise tax on investment income
$783

Balance sheet and other

Total assets, start of year
$784,993
Total assets, end of year
$670,236
Total liabilities, end of year
$0
Net assets, end of year
$670,236
Fair market value of assets
$2,851,468
Qualifying distributions
$165,031
Net investment income
$56,347

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.

NameTitleHours / weekCompensation
LANDON B LANE JR
1006 4TH AVE DR NW, HICKORY, NC 28601
PRES/TREAS4$0
CONSTANCE N LANE
2417 HOLIDAY LANE, RAPID CITY, SD 57702
VICE PRES2$0
NILA P LANE
1006 4TH AVE DR NW, HICKORY, NC 28601
SECRETARY0.1$0
DAVID CAMERON
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST TREAS0.1$0
AMANDA P STANFIELD
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST SEC0.05$0
STEPHEN HOSTETLER
900 ARDSLEY ROAD, CHARLOTTE, NC 28207
ASST TREAS0.05$0
990-PF for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
LANDON B LANE JR
1006 4TH AVE DR NW, HICKORY, NC 28601
PRES/TREAS4$0
CONSTANCE N LANE
2417 HOLIDAY LANE, RAPID CITY, SD 57702
VICE PRES2$0
NILA P LANE
1006 4TH AVE DR NW, HICKORY, NC 28601
SECRETARY0.1$0
DAVID CAMERON
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST TREAS0.1$0
AMANDA P STANFIELD
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST SEC0.05$0
STEPHEN HOSTETLER
900 ARDSLEY ROAD, CHARLOTTE, NC 28207
ASST TREAS0.05$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
LANDON B LANE JR
1006 4TH AVE DR NW, HICKORY, NC 28601
PRES/TREAS4$0
CONSTANCE N LANE
2417 HOLIDAY LANE, RAPID CITY, SD 57702
VICE PRES2$0
NILA P LANE
1006 4TH AVE DR NW, HICKORY, NC 28601
SECRETARY0.1$0
DAVID CAMERON
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST TREAS0.1$0
AMANDA P STANFIELD
2417 HOLIDAY LANE, RAPID CITY, SD 57702
ASST SEC0.05$0
STEVE HOSTETLER
900 ARDSLEY ROAD, CHARLOTTE, NC 28207
ASST TREAS0.05$0

Address and contacts

Address (IRS master file)
1006 4TH AVENUE DR NW, HICKORY, NC 28601-3453
Signed the 990-PF
LANDON B LANE JR, PRESIDENT
Phone
(828) 328-5014
Return prepared by
MAST EVANS & ISENHOUR LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
56-1622837
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
1989
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$670,236
Income (IRS master file)
$140,633

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$54,722$169,478$670,236IRS
990-PFDecember 2024$216,307$154,414$784,993IRS
990-PFDecember 2023$114,280$129,830$723,100XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 56-1622837).

Questions about L B LANE FAMILY FOUNDATION INC

What is the EIN of L B LANE FAMILY FOUNDATION INC?
The employer identification number (EIN) of L B LANE FAMILY FOUNDATION INC is 56-1622837.
Is L B LANE FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to L B LANE FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does L B LANE FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of L B LANE FAMILY FOUNDATION INC 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 L B LANE FAMILY FOUNDATION INC 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 L B LANE FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does L B LANE FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $54,722, expenses of $169,478 and total assets of $670,236 at year end.

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