Hardy Lane Foundation Inc

Rockville, MD
Tax-exempt since Feb. 2012
EIN: 27-4970024

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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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

−$33.3k (2023)

Expenses

$941k (2023)

Total Assets

$12.8M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

-$33,273

Expenses

$941,364

Net Income

-$974,637

Net Assets

$12,788,121

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43,572
Dividends	$229,458
Sales of Assets	-$219,828
Other Income	-$86,475

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$562,835	59.8%
Compensation of Officers*	$60,738	6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,788,121
Total Liabilities	$0
Net Assets	$12,788,121

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$60,738	$0
Sharon L Hall (Secretary)	$0	$0
Jay H Grossman (Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$627,402

Expenses

$1,098,241

Net Income

-$470,839

Net Assets

$12,372,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$491	0.1%
Dividends	$433,235	69.1%
Sales of Assets	$186,585	29.7%
Other Income	$7,091	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$693,729	63.2%
Compensation of Officers*	$30,250	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,372,520
Total Liabilities	$0
Net Assets	$12,372,520

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$30,250	$0
Sharon L Hall (Secretary)	$0	$0
Jay H Grossman (Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$849,732

Expenses

$1,009,169

Net Income

-$159,437

Net Assets

$12,734,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$419,268	49.3%
Sales of Assets	$417,017	49.1%
Other Income	$13,447	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$767,935	76.1%
Compensation of Officers*	$36,803	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,734,348
Total Liabilities	$0
Net Assets	$12,734,348

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$36,803	$0
Sharon L Hall (Secretary)	$0	$0
Jay H Grossman (Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

-$4,771,920

Expenses

$1,817,342

Net Income

-$6,589,262

Net Assets

$13,314,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$355,785
Sales of Assets	$0
Other Income	$27,725

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,347,503	74.1%
Compensation of Officers*	$56,337	3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,314,438
Total Liabilities	$1
Net Assets	$13,314,437

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$56,337	$0
Sharon L Hall (Secretary)	$0	$0
Jay H Grossman (Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$3,177,764

Expenses

$1,971,196

Net Income

$1,206,568

Net Assets

$24,617,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$526,422	16.6%
Sales of Assets	$2,618,160	82.4%
Other Income	$33,182	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,447,014	73.4%
Compensation of Officers*	$41,620	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,617,400
Total Liabilities	$1
Net Assets	$24,617,399

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 16, 2020

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$572,806

Expenses

$1,709,446

Net Income

-$1,136,640

Net Assets

$23,435,027

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$526,572	91.9%
Sales of Assets	$114,926	20.1%
Other Income	-$68,692

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,229,214	71.9%
Compensation of Officers*	$25,392	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,435,027
Total Liabilities	$0
Net Assets	$23,435,027

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 14, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,075,892

Expenses

$1,422,273

Net Income

-$346,381

Net Assets

$25,371,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$278,220	25.9%
Sales of Assets	$759,329	70.6%
Other Income	$38,343	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$936,652	65.9%
Compensation of Officers*	$25,000	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,371,932
Total Liabilities	$0
Net Assets	$25,371,932

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 13, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$317,020

Expenses

$1,086,781

Net Income

-$769,761

Net Assets

$25,904,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$141,074	44.5%
Sales of Assets	$452,398	> 100%
Other Income	-$276,452

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$906,072	83.4%
Compensation of Officers*	$25,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,904,882
Total Liabilities	$0
Net Assets	$25,904,882

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$263,740

Expenses

$807,923

Net Income

-$544,183

Net Assets

$11,159,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$154,520	58.6%
Sales of Assets	$392,012	> 100%
Other Income	-$282,792

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$661,540	81.9%
Compensation of Officers*	$25,000	3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,159,286
Total Liabilities	$0
Net Assets	$11,159,286

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 14, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$425,863

Expenses

$591,391

Net Income

-$165,528

Net Assets

$11,703,469

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$167,186	39.3%
Sales of Assets	$390,342	91.7%
Other Income	-$131,665

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$427,302	72.3%
Compensation of Officers*	$25,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,703,469
Total Liabilities	$0
Net Assets	$11,703,469

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$0	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Nov. 6, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$317,683

Expenses

$738,912

Net Income

-$421,229

Net Assets

$11,867,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$320,277	> 100%
Sales of Assets	$169,749	53.4%
Other Income	-$172,343

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$609,047	82.4%
Compensation of Officers*	$25,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,867,385
Total Liabilities	$0
Net Assets	$11,867,385

Compensation

Key Employees and Officers	Compensation	Other
Alfred I Tauber (Director/President)	$25,000	$0
Sharon L Hall (Secretary)	$0	$0

990-PF

Filed on Oct. 23, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$407,482

Expenses

$751,930

Net Income

-$344,448

Net Assets

$12,242,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$306,402	75.2%
Sales of Assets	$134,611	33.0%
Other Income	-$33,531

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$544,680	72.4%
Compensation of Officers*	$18,750	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,242,207
Total Liabilities	$1
Net Assets	$12,242,206

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$655,408

Expenses

$47,721

Net Income

$607,687

Net Assets

$11,999,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$192,715	29.4%
Sales of Assets	$455,463	69.5%
Other Income	$7,230	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	2.1%
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	$11,999,045
Total Liabilities	$0
Net Assets	$11,999,045

990-PF

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

PDF

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

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Hardy Lane Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$33.3k (2023)

Expenses $941k (2023)

Total Assets $12.8M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

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

Compensation

Document Links

990-PF

Revenue

−$33.3k (2023)

Expenses

$941k (2023)

Total Assets

$12.8M (2023)

Total Liabilities

$0 (2023)

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