Lawrence Schulman Family Foundation Inc

Morristown, NJ
Tax-exempt since Aug. 1992
EIN: 52-1786440

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.

Donations to this organization are tax deductible.

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

$3,005

Expenses

$13,637

Net Income

-$10,632

Net Assets

$175,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,650	> 100%
Sales of Assets	-$645
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,288	75.4%
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	$175,869
Total Liabilities	$0
Net Assets	$175,869

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Schulman (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 12, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$7,505

Expenses

$13,018

Net Income

-$5,513

Net Assets

$186,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,505	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,987	76.7%
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	$186,501
Total Liabilities	$0
Net Assets	$186,501

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Schulman (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 9, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$12,626

Expenses

$16,940

Net Income

-$4,314

Net Assets

$192,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,989	15.8%
Sales of Assets	$10,637	84.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,838	81.7%
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	$192,014
Total Liabilities	$0
Net Assets	$192,014

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Schulman (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 2, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$4,777

Expenses

$16,754

Net Income

-$11,977

Net Assets

$196,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.1%
Dividends	$5,329	> 100%
Sales of Assets	-$557
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,725	70.0%
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	$196,328
Total Liabilities	$0
Net Assets	$196,328

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Schulman (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 9, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$30,347

Expenses

$16,725

Net Income

$13,622

Net Assets

$208,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$3,814	12.6%
Sales of Assets	$24,373	80.3%
Other Income	$2,147	7.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,725	70.1%
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	$208,305
Total Liabilities	$1
Net Assets	$208,304

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on June 21, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$14,436

Expenses

$18,680

Net Income

-$4,244

Net Assets

$194,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$133	0.9%
Dividends	$4,726	32.7%
Sales of Assets	$9,529	66.0%
Other Income	$48	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,100	70.1%
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	$194,683
Total Liabilities	$1
Net Assets	$194,682

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 27, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$4,935

Expenses

$18,681

Net Income

-$13,746

Net Assets

$198,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$87	1.8%
Dividends	$5,482	> 100%
Sales of Assets	-$725
Other Income	$91	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	66.9%
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	$198,927
Total Liabilities	$0
Net Assets	$198,927

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$17,421

Expenses

$17,899

Net Income

-$478

Net Assets

$212,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.1%
Dividends	$6,541	37.5%
Sales of Assets	$10,850	62.3%
Other Income	$17	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,000	67.0%
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	$212,673
Total Liabilities	$0
Net Assets	$212,673

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on June 21, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$13,383

Expenses

$17,529

Net Income

-$4,146

Net Assets

$213,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,345	39.9%
Sales of Assets	$8,038	60.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,000	74.2%
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	$213,151
Total Liabilities	$0
Net Assets	$213,151

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$13,767

Expenses

$20,124

Net Income

-$6,357

Net Assets

$217,297

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,041	36.6%
Sales of Assets	$8,726	63.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,000	64.6%
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	$217,297
Total Liabilities	$0
Net Assets	$217,297

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 16, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$19,946

Expenses

$19,454

Net Income

$492

Net Assets

$223,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$806	4.0%
Dividends	$4,288	21.5%
Sales of Assets	$14,852	74.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,500	69.4%
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	$223,654
Total Liabilities	$0
Net Assets	$223,654

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 14, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$9,156

Expenses

$17,569

Net Income

-$8,413

Net Assets

$223,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300	3.3%
Interest Revenue	$807	8.8%
Dividends	$3,623	39.6%
Sales of Assets	$4,426	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,000	68.3%
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	$223,162
Total Liabilities	$0
Net Assets	$223,162

Compensation

Key Employees and Officers	Compensation	Other
Zachary Schulman (Trustee)	$0	$0
Andrea Mueller (Trustee)	$0	$0
Gene R Korf (Trustee)	$0	$0

990-PF

Filed on May 15, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$7,046

Expenses

$19,916

Net Income

-$12,870

Net Assets

$231,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.1%
Dividends	$6,892	97.8%
Sales of Assets	$150	2.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,000	70.3%
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	$231,575
Total Liabilities	$1
Net Assets	$231,574

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$13,688

Expenses

$19,725

Net Income

-$6,037

Net Assets

$244,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$6,181	45.2%
Sales of Assets	$7,503	54.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,000	71.0%
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	$244,445
Total Liabilities	$0
Net Assets	$244,445

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

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Lawrence Schulman Family Foundation Inc

Organization summary

Type of Nonprofit

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

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

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2005

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Fiscal Year Ending Dec.
2001