Lois & Irving Blum Foundation Inc

Baltimore, MD
Tax-exempt since Oct. 1965
EIN: 52-6057035

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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.

Donations to this organization are tax deductible.

Revenue

$5.74M (2023)

Expenses

$5.32M (2023)

Total Assets

$12.3M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Years with multiple filings

Source: Form 990 tax filings from 2012 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

$5,741,668

Expenses

$5,319,890

Net Income

$421,778

Net Assets

$12,330,174

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,529,971	61.5%
Interest Revenue	$20	0.0%
Dividends	$295,306	5.1%
Sales of Assets	$1,905,277	33.2%
Other Income	$11,094	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,220,753	98.1%
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	$12,330,174
Total Liabilities	$0
Net Assets	$12,330,174

Compensation

Key Employees and Officers	Compensation	Other
Jeffery D Blum (President/Trustee)	$0	$0
Carolyn P Blum (Secretary/Treasurer/Trustee)	$0	$0

990-PF

Filed on June 24, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,616,606

Expenses

$4,119,089

Net Income

-$2,502,483

Net Assets

$11,960,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$264,140	16.3%
Interest Revenue	$1,267	0.1%
Dividends	$249,043	15.4%
Sales of Assets	$1,102,156	68.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,994,656	97.0%
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	$11,960,318
Total Liabilities	$0
Net Assets	$11,960,318

Compensation

Key Employees and Officers	Compensation	Other
Jeffery D Blum (President/Trustee)	$0	$0
Carolyn P Blum (Secretary/Treasurer/Trustee)	$0	$0
Lynn B Sassin (Assistant Treasurer)	$0	$0
Lawrence A Blum (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$3,617,514

Expenses

$3,222,277

Net Income

$395,237

Net Assets

$14,988,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$879,819	24.3%
Interest Revenue	$0
Dividends	$249,779	6.9%
Sales of Assets	$2,487,916	68.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,984,560	92.6%
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	$14,988,935
Total Liabilities	$0
Net Assets	$14,988,935

Compensation

Key Employees and Officers	Compensation	Other
Jeffery D Blum (President/Trustee)	$0	$0
Carolyn P Blum (Secretary/Treasurer/Trustee)	$0	$0
Lynn B Sassin (Assistant Treasurer)	$0	$0
Lawrence A Blum (Trustee)	$0	$0

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990-PF

Filed on Nov. 9, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$4,657,172

Expenses

$2,960,363

Net Income

$1,696,809

Net Assets

$14,593,698

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$297,154	6.4%
Interest Revenue	$0
Dividends	$257,709	5.5%
Sales of Assets	$4,101,087	88.1%
Other Income	$1,222	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,822,315	95.3%
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	$14,593,698
Total Liabilities	$0
Net Assets	$14,593,698

Compensation

Key Employees and Officers	Compensation	Other
Jeffery D Blum (President/Trustee)	$0	$0
Carolyn P Blum (Secretary/Treasurer/Trustee)	$0	$0
Lynn B Sassin (Assistant Treasurer)	$0	$0
Lawrence A Blum (Trustee)	$0	$0

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990-PF

Filed on Oct. 1, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending March
2020

Revenue

$1,426,076

Expenses

$1,738,348

Net Income

-$312,272

Net Assets

$12,897,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,972	1.3%
Interest Revenue	$0
Dividends	$334,899	23.5%
Sales of Assets	$1,073,205	75.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,641,604	94.4%
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	$12,897,330
Total Liabilities	$0
Net Assets	$12,897,330

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2019

Revenue

$1,426,076

Expenses

$1,738,348

Net Income

-$312,272

Net Assets

$12,897,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,972	1.3%
Interest Revenue	$0
Dividends	$334,899	23.5%
Sales of Assets	$1,073,205	75.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,641,604	94.4%
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	$12,897,330
Total Liabilities	$0
Net Assets	$12,897,330

990-PF

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

PDF

Fiscal Year Ending May
2019

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending March
2019

Revenue

$2,482,900

Expenses

$2,106,299

Net Income

$376,601

Net Assets

$13,209,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$172,381	6.9%
Interest Revenue	$0
Dividends	$373,359	15.0%
Sales of Assets	$1,937,160	78.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,958,455	93.0%
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	$13,209,602
Total Liabilities	$0
Net Assets	$13,209,602

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending March
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending March
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending March
2016

Revenue

$1,479,950

Expenses

$1,623,911

Net Income

-$143,961

Net Assets

$12,137,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$211,868	14.3%
Interest Revenue	$0
Dividends	$350,498	23.7%
Sales of Assets	$908,907	61.4%
Other Income	$8,677	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,458,646	89.8%
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	$12,137,817
Total Liabilities	$0
Net Assets	$12,137,817

990-PF

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

PDF

Fiscal Year Ending March
2015

Revenue

$2,667,074

Expenses

$1,043,404

Net Income

$1,623,670

Net Assets

$15,164,536

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$652,612	24.5%
Interest Revenue	$0
Dividends	$353,272	13.2%
Sales of Assets	$1,592,566	59.7%
Other Income	$68,624	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$959,891	92.0%
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	$15,164,536
Total Liabilities	$0
Net Assets	$15,164,536

990-PF

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

PDF

Fiscal Year Ending March
2014

Revenue

$1,916,766

Expenses

$1,551,980

Net Income

$364,786

Net Assets

$13,540,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$643,578	33.6%
Interest Revenue	$0
Dividends	$376,173	19.6%
Sales of Assets	$896,173	46.8%
Other Income	$842	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,385,957	89.3%
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	$13,540,866
Total Liabilities	$0
Net Assets	$13,540,866

990-PF

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

PDF

Fiscal Year Ending March
2013

Revenue

$1,876,835

Expenses

$942,693

Net Income

$934,142

Net Assets

$13,176,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$644,516	34.3%
Interest Revenue	$0
Dividends	$399,298	21.3%
Sales of Assets	$831,379	44.3%
Other Income	$1,642	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$846,025	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	$13,176,080
Total Liabilities	$0
Net Assets	$13,176,080

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending March
2012

Revenue

$453,140

Expenses

$1,114,197

Net Income

-$661,057

Net Assets

$12,241,938

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$93,445	20.6%
Interest Revenue	$0
Dividends	$376,941	83.2%
Sales of Assets	$0
Other Income	$1,969	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,022,695	91.8%
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	$12,241,938
Total Liabilities	$0
Net Assets	$12,241,938

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.

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Lois & Irving Blum Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.74M (2023)

Expenses $5.32M (2023)

Total Assets $12.3M (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

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 March 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2019

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending March 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2012

Extracted Financial Data

Revenue

$5.74M (2023)

Expenses

$5.32M (2023)

Total Assets

$12.3M (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 March
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending May
2019

Fiscal Year Ending March
2019

Fiscal Year Ending March
2018

Fiscal Year Ending March
2017

Fiscal Year Ending March
2016

Fiscal Year Ending March
2015

Fiscal Year Ending March
2014

Fiscal Year Ending March
2013

Fiscal Year Ending March
2012

Fiscal Year Ending March
2011

Fiscal Year Ending March
2010

Fiscal Year Ending March
2009

Fiscal Year Ending March
2008

Fiscal Year Ending March
2007

Fiscal Year Ending March
2006

Fiscal Year Ending March
2005

Fiscal Year Ending March
2004

Fiscal Year Ending March
2003

Fiscal Year Ending March
2002