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← MARTIN LANE FOUNDATION

Form 990 for tax year 2024

Filed by MARTIN LANE FOUNDATION.

Totals

Total revenue
$812,876
Total expenses
$701,726
Contributions and grants received
$797,400
Grants paid
$560,000
Program service revenue
$0
Investment income
$1,820
Other revenue
$13,656
Total assets, end of year
$111,028
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$111,028
Program services expenses (Part IX)
$701,726
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$701,726

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $797,400

  • 1g · Noncash contributions included above

    $164,895

  • 3 · Investment income

    total $2,077 · excluded $2,077

  • 7a · Gross sales of assets other than inventory

    securities $50,420

  • 7b · Less cost or other basis and sales expenses

    securities $50,677

  • 7c · Gain or loss

    securities -$257

  • 7d · Net gain or loss

    total -$257 · excluded -$257

  • 8a · Fundraising events: gross income

    $188,082

  • 8a · Fundraising events: contributions included on line 1c

    $797,400

  • 8b · Fundraising events: direct expenses

    $174,426

  • 8c · Net income from fundraising events

    total $13,656 · excluded $13,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $560,000 · program services $560,000

  • 24a · Other expenses: IN KIND EXPENSES

    total $114,475 · program services $114,475

  • 24b · Other expenses: BANK FEES

    total $20,207 · program services $20,207

  • 24c · Other expenses: SOFTWARE

    total $5,790 · program services $5,790

  • 24d · Other expenses: MERCHANT FEES

    total $794 · program services $794

  • 24e · All other expenses

    total $460 · program services $460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $48,910

  • 2 · Savings and temporary cash investments

    end of year $62,118

  • 27 · Net assets without donor restrictions

    end of year $111,028

Mission and programs · 2024

Mission

ONE DAY EVENT, CALLED THE "MARTY'S PARTY AND GOLF EVENT" TO HONOR THE LEGACY OF MARTIN G. LANE JR., HIS IMPACT TO THE BUSINESS COMMUNITY AND TO RAISE AWARENESS AND FINANCIAL CONTRIBUTIONS FOR TWO NON-PROFIT ORGANIZATIONS IN WHICH MARTY DONATED HIS TIME AND EXPERTISE.

Activities or mission (Part I)

THE MARTIN LANE FOUNDATION IS A TRIBUTE TO THE ENDURING IMPACT OF MARTIN G. LANE JR.'S ACTS OF KINDNESS, ENSURING THAT HIS LEGACY OF SELFLESS GIVING CONTINUES TO SHINE BRIGHTLY IN OUR HEARTS AND COMMUNITIES.

  • ONE DAY EVENT TO RAISE MONEY IN TRIBUTE TO MARTIN G. LANE, JR. FOR HIS SERVICE TO THE LOCAL COMMUNITY AND TO SUPPORT ORGANIZATIONS FOR HIS LEGACY.

    Expenses $701,726 · Grants $560,000

As filed on the 2024 return.

Listed in Part VII

  • Frank Sourbeer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Julie Wilhite

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Sheri Lane

    TREASURER

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349306861

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