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Nonprofit · EIN 88-0391959

LEMELSON FOUNDATION

Tax-exempt · PORTLAND, OR 97209

Financials

$6M$26.9M2023$27.2M$32.5M2024
Revenue Expenses · by fiscal year end
Financials of LEMELSON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$27,191,988$32,502,127-$5,310,139$414,428,200$4,041,557$410,386,643
December 31, 2023990-PF$5,980,205$26,937,741-$20,957,536$416,642,073$3,871,169$412,770,904
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$4,946,286
Interest
$1,271,364
Net gain from sales of assets
$18,652,024
Other income
$2,322,314

Expenses

Grants and similar amounts paid
$21,704,696
Compensation of officers, directors and key employees
$647,221
Salaries, compensation and benefits (total)
$2,313,451
Disbursements for charitable purposes
$28,043,417
Excise tax on investment income
$304,795

Balance sheet and other

Total assets, start of year
$416,642,073
Total assets, end of year
$414,428,200
Total liabilities, end of year
$4,041,557
Net assets, end of year
$410,386,643
Fair market value of assets
$414,428,200
Qualifying distributions
$28,745,918
Net investment income
$25,754,047

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ROBERT SCHNEIDER
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
EXECUTIVE DIRECTOR, ASST. SECRETARY40$398,231$97,129
JOEL CLEMENT
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$254,042$62,237
BRIAN DORAN
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
CHIEF FIN ADMIN OFFICER, ASST. TREAS40$248,990$82,908
DAVID CORONADO
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$205,554$74,246
CYNTHIA COOPER
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$184,500$70,035
MAGGIE FLANAGAN
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$171,832$67,502
VANESSA BRISENO
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
COMMUNICATIONS OFFIC
Highest-paid employee
40$151,548$63,445
ERIC LEMELSON
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
PRES., BOARD CHAIR, TREAS., ASST. SEC.6$0$0
ROBERT LEMELSON
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
VP, SECRETARY, ASST. TREAS.6$0$0
SUSAN MORSE
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
DIRECTOR6$0$0
JENNIFER BRUML
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
DIRECTOR6$0$0
ANN MORGAN
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209
VICE PRESIDENT1$0$0
990-PF for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
ROBERT SCHNEIDER
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
EXECUTIVE DIRECTOR, ASST. SECRETARY40$345,779$92,284
BRIAN DORAN
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
CHIEF FIN ADMIN OFFICER, ASST. TREAS40$303,059$94,113
JOEL CLEMENT
1455 NW OVERTON ST STE 500, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$236,025$57,296
CYNTHIA COOPER
1455 NW OVERTON ST STE 500, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$183,626$70,227
DAVID CORONADO
1455 NW OVERTON ST STE 500, PORTLAND, OR 97209
SR. PROGRAM OFFICER
Highest-paid employee
40$183,626$65,239
MAGGIE FLANAGAN
1455 NW OVERTON ST STE 500, PORTLAND, OR 97209
PROGRAM OFFICER
Highest-paid employee
40$159,568$65,415
VANESSA BRISENO
1455 NW OVERTON ST STE 500, PORTLAND, OR 97209
COMMUNICATIONS OFFIC
Highest-paid employee
40$145,623$62,627
ERIC LEMELSON
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
VP, TREASURER, ASST SECRETARY6$0$0
ROBERT LEMELSON
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
PRES., BOARD CHAIR, SEC., ASST. TREAS.6$0$0
SUSAN MORSE
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
DIRECTOR6$0$0
JENNIFER BRUML
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
DIRECTOR6$0$0
ANN MORGAN
1455 NW OVERTON STREET SUITE 500, PORTLAND, OR 97209
VICE PRESIDENT1$0$0

Address and contacts

Address (IRS master file)
2035 NW FRONT AVE STE 501, PORTLAND, OR 97209-2179
In care of
% DORTHY LEMELSON PRES
Signed the 990-PF
ROBERT M H SCHNEIDER, EXECUTIVE DIRECTOR
Phone
(503) 827-8910
Return prepared by
CLARK NUBER PS

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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
88-0391959
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
1998
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$414,428,200
Income (IRS master file)
$228,013,700

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$27,191,988$32,502,127$414,428,200IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$5,980,205$26,937,741$416,642,073XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 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 88-0391959).

Questions about LEMELSON FOUNDATION

What is the EIN of LEMELSON FOUNDATION?
The employer identification number (EIN) of LEMELSON FOUNDATION is 88-0391959.
Is LEMELSON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to LEMELSON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LEMELSON FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LEMELSON FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEMELSON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of LEMELSON FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 12 people; 7 received compensation from the organization, the highest $398,231 (ROBERT SCHNEIDER, EXECUTIVE DIRECTOR, ASST. SECRETARY).
How much revenue does LEMELSON FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,191,988, expenses of $32,502,127 and total assets of $414,428,200 at year end.

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