Jane And Leonard Korman Familyfoundation

Trevose, PA
Tax-exempt since Oct. 2006
EIN: 20-4253701

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$632k (2024)

Expenses

$6.33M (2024)

Total Assets

$3.45M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$631,764

Expenses

$6,332,326

Net Income

-$5,700,562

Net Assets

$3,445,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$45,704	7.2%
Dividends	$148,846	23.6%
Sales of Assets	$431,983	68.4%
Other Income	$5,231	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,211,552	50.7%
Compensation of Officers*	$56,542	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,445,476
Total Liabilities	$0
Net Assets	$3,445,476

Compensation

Key Employees and Officers	Compensation	Other
Carol Borgmann (Officer & Secretary)	$56,542	$0
Alison Korman Feldman (President, Ceo & Life Director)	$0	$0
Susan Korman Schurr (Vice President & Life Director)	$0	$0
Catherine Korman Altman (Treasurer & Life Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,802,337

Expenses

$2,854,460

Net Income

-$52,123

Net Assets

$9,146,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,395,457	85.5%
Interest Revenue	$67,244	2.4%
Dividends	$164,033	5.9%
Sales of Assets	$174,323	6.2%
Other Income	$1,280	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,733,025	95.7%
Compensation of Officers*	$56,528	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,146,038
Total Liabilities	$0
Net Assets	$9,146,038

Compensation

Key Employees and Officers	Compensation	Other
Carol Borgmann (Officer & Secretary)	$56,528	$0
Alison Korman Feldman (President, Ceo & Life Director)	$0	$0
Susan Korman Schurr (Vice President & Life Director)	$0	$0
Catherine Korman Altman (Treasurer & Life Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,274,227

Expenses

$991,092

Net Income

$283,135

Net Assets

$8,730,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$91,783	7.2%
Dividends	$142,513	11.2%
Sales of Assets	$1,039,931	81.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$838,000	84.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,730,449
Total Liabilities	$0
Net Assets	$8,730,449

Compensation

Key Employees and Officers	Compensation	Other
Leonard Korman Dec'd (President, Ceo Treasurer & Lifetime Di)	$0	$0
Alison Korman Feldman (Co Vice President, Co Treasurer & Life)	$0	$0
Susan Korman Schurr (Co Vice President, Co Treasurer & Life)	$0	$0
Catherine Korman Altman (Co Vice President, Co Treasurer & Life)	$0	$0
Carol Borgmann (Officer & Secretary)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,342,830

Expenses

$1,379,205

Net Income

-$36,375

Net Assets

$8,447,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,488	1.9%
Dividends	$150,750	11.2%
Sales of Assets	$1,162,574	86.6%
Other Income	$4,018	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,240,180	89.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,447,314
Total Liabilities	$0
Net Assets	$8,447,314

Compensation

Key Employees and Officers	Compensation	Other
Leonard Korman (President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$764,059

Expenses

$2,274,933

Net Income

-$1,510,874

Net Assets

$8,483,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$69,304	9.1%
Dividends	$130,476	17.1%
Sales of Assets	$552,435	72.3%
Other Income	$11,844	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,129,800	93.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,483,689
Total Liabilities	$1
Net Assets	$8,483,688

Compensation

Key Employees and Officers	Compensation	Other
Leonard Korman (President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 19, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$3,302,155

Expenses

$2,080,059

Net Income

$1,222,096

Net Assets

$9,994,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,344,555	40.7%
Interest Revenue	$43,405	1.3%
Dividends	$151,486	4.6%
Sales of Assets	$1,746,052	52.9%
Other Income	$16,657	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,985,800	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,994,563
Total Liabilities	$1
Net Assets	$9,994,562

Compensation

Key Employees and Officers	Compensation	Other
Leonard Korman (President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$1,191,693

Expenses

$2,238,557

Net Income

-$1,046,864

Net Assets

$8,772,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$218,032	18.3%
Interest Revenue	$65,625	5.5%
Dividends	$145,380	12.2%
Sales of Assets	$749,124	62.9%
Other Income	$13,532	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,107,400	94.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,772,467
Total Liabilities	$0
Net Assets	$8,772,467

Compensation

Key Employees and Officers	Compensation	Other
Jane Korman (Co President)	$0	$0
Leonard Korman (Co President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 21, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$2,098,147

Expenses

$2,080,636

Net Income

$17,511

Net Assets

$9,819,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$414,906	19.8%
Interest Revenue	$60,059	2.9%
Dividends	$124,016	5.9%
Sales of Assets	$1,487,978	70.9%
Other Income	$11,188	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,980,088	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,819,831
Total Liabilities	$500
Net Assets	$9,819,331

Compensation

Key Employees and Officers	Compensation	Other
Jane Korman (Co President)	$0	$0
Leonard Korman (Co President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Sept. 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$1,532,031

Expenses

$2,581,906

Net Income

-$1,049,875

Net Assets

$9,801,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$466,230	30.4%
Interest Revenue	$84,281	5.5%
Dividends	$103,956	6.8%
Sales of Assets	$865,684	56.5%
Other Income	$11,880	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,468,496	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,801,820
Total Liabilities	$0
Net Assets	$9,801,820

Compensation

Key Employees and Officers	Compensation	Other
Jane Korman (Co President)	$0	$0
Leonard Korman (Co President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Sept. 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$2,502,108

Expenses

$1,924,752

Net Income

$577,356

Net Assets

$10,409,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$450,426	18.0%
Interest Revenue	$35,224	1.4%
Dividends	$126,756	5.1%
Sales of Assets	$1,862,878	74.5%
Other Income	$26,824	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,822,301	94.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,409,610
Total Liabilities	$0
Net Assets	$10,409,610

Compensation

Key Employees and Officers	Compensation	Other
Jane Korman (Co President)	$0	$0
Leonard Korman (Co President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Oct. 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$1,258,091

Expenses

$1,726,320

Net Income

-$468,229

Net Assets

$9,832,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,665	4.3%
Interest Revenue	$82,142	6.5%
Dividends	$139,072	11.1%
Sales of Assets	$977,268	77.7%
Other Income	$5,944	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,616,975	93.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,832,254
Total Liabilities	$0
Net Assets	$9,832,254

Compensation

Key Employees and Officers	Compensation	Other
Jane Korman (Co President)	$0	$0
Leonard Korman (Co President)	$0	$0
Alison Korman Feldman (Director)	$0	$0
Susan Korman Schurr (Director)	$0	$0
Catherine Korman Altman (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 5, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,210,755

Expenses

$1,795,445

Net Income

-$584,690

Net Assets

$10,300,483

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$204,841	16.9%
Interest Revenue	$71,912	5.9%
Dividends	$131,390	10.9%
Sales of Assets	$798,231	65.9%
Other Income	$4,381	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,683,858	93.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,302,233
Total Liabilities	$1,750
Net Assets	$10,300,483

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,506,374

Expenses

$748,832

Net Income

$757,542

Net Assets

$10,885,173

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$599,840	39.8%
Interest Revenue	$60,945	4.0%
Dividends	$147,260	9.8%
Sales of Assets	$698,329	46.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$660,573	88.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,900,173
Total Liabilities	$15,000
Net Assets	$10,885,173

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$520,198

Expenses

$844,122

Net Income

-$323,924

Net Assets

$10,127,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119,872	23.0%
Dividends	$136,983	26.3%
Sales of Assets	$263,120	50.6%
Other Income	$223	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$757,444	89.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,129,131
Total Liabilities	$1,500
Net Assets	$10,127,631

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Jane And Leonard Korman Familyfoundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $632k (2024)

Expenses $6.33M (2024)

Total Assets $3.45M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$632k (2024)

Expenses

$6.33M (2024)

Total Assets

$3.45M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006