Lucy And Isadore B Adelman Foundation

Los Angeles, CA
Tax-exempt since June 2024
EIN: 75-1806018

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

Donations to this organization are tax deductible.

Revenue

$786k (2023)

Expenses

$304k (2023)

Total Assets

$725k (2023)

Total Liabilities

$824 (2023)

Years with missing data

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 June
2023

Revenue

$786,232

Expenses

$304,019

Net Income

$482,213

Net Assets

$723,815

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,675	0.2%
Dividends	$43,904	5.6%
Sales of Assets	$740,653	94.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$267,185	87.9%
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	$724,639
Total Liabilities	$824
Net Assets	$723,815

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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990-PF

Filed on Oct. 29, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$154,518

Expenses

$237,159

Net Income

-$82,641

Net Assets

$241,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$49,405	32.0%
Sales of Assets	$105,108	68.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,990	99.9%
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	$242,426
Total Liabilities	$824
Net Assets	$241,602

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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990-PF

Filed on Oct. 29, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$59,003

Expenses

$248,126

Net Income

-$189,123

Net Assets

$373,637

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,575	4.4%
Dividends	$56,428	95.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$212,655	85.7%
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	$374,461
Total Liabilities	$824
Net Assets	$373,637

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

Fiscal Year Ending June
2018

Revenue

$64,154

Expenses

$154,608

Net Income

-$90,454

Net Assets

$359,380

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$710	1.1%
Dividends	$23,330	36.4%
Sales of Assets	$40,114	62.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$149,436	96.7%
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	$360,204
Total Liabilities	$824
Net Assets	$359,380

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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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 June
2017

Revenue

$101,580

Expenses

$108,456

Net Income

-$6,876

Net Assets

$449,834

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$260	0.3%
Dividends	$32,366	31.9%
Sales of Assets	$68,954	67.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,425	90.8%
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	$450,658
Total Liabilities	$824
Net Assets	$449,834

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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990-PF

Filed on May 15, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2016

Revenue

$119,858

Expenses

$226,396

Net Income

-$106,538

Net Assets

$456,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$135	0.1%
Dividends	$27,998	23.4%
Sales of Assets	$91,725	76.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$216,946	95.8%
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	$457,534
Total Liabilities	$824
Net Assets	$456,710

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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990-PF

Filed on May 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2015

Revenue

$98,209

Expenses

$204,325

Net Income

-$106,116

Net Assets

$563,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$38,166	38.9%
Sales of Assets	$59,978	61.1%
Other Income	$54	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,706	94.8%
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	$564,072
Total Liabilities	$824
Net Assets	$563,248

Compensation

Key Employees and Officers	Compensation	Other
Susan Adelman (President/Treasurer)	$0	$0
Claudio Llanos (Secretary)	$0	$0
Lisa Adelman Llanos (Vice President)	$0	$0
Aron Adelman Llanos (Vice President)	$0	$0

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990-PF

Filed on May 13, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$193,022

Expenses

$217,076

Net Income

-$24,054

Net Assets

$633,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$31,404	16.3%
Sales of Assets	$162,007	83.9%
Other Income	-$395

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$205,598	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	$633,500
Total Liabilities	$0
Net Assets	$633,500

990-PF

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

PDF

Fiscal Year Ending June
2013

Revenue

$44,406

Expenses

$182,859

Net Income

-$138,453

Net Assets

$726,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.1%
Dividends	$44,612	> 100%
Sales of Assets	$0
Other Income	-$254

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,314	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	$726,693
Total Liabilities	$0
Net Assets	$726,693

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$43,605

Expenses

$120,848

Net Income

-$77,243

Net Assets

$821,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$520	1.2%
Interest Revenue	$63	0.1%
Dividends	$27,802	63.8%
Sales of Assets	$15,144	34.7%
Other Income	$76	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,728	90.8%
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	$821,324
Total Liabilities	$0
Net Assets	$821,324

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

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Types of Nonprofits

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Updated November 19, 2025

Lucy And Isadore B Adelman Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $786k (2023)

Expenses $304k (2023)

Total Assets $725k (2023)

Total Liabilities $824 (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2011

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2009

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2008

No Extracted Financial Data

Document Links

990-PF

Revenue

$786k (2023)

Expenses

$304k (2023)

Total Assets

$725k (2023)

Total Liabilities

$824 (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2020

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002