Funding Youth Education Today for the Demands We Already Face
The Bradán Lane Foundation is established to contribute to public charities which support underprivileged youth through STEAM education and programs.
The Bradán Lane Foundation posts financial statements and 990-PFs to the site as they become available.
Typically, the financial statement for each year is posted the summer of the following year, while the 990-PF is available in the fall of the following year.
Financial statements and tax returns are prepared annually. These public documents provide information about the charitable activities and finances of the foundation. The financial statements are prepared in accordance with U.S. generally accepted accounting principles.
The Bradán Lane Foundation also completes Internal Revenue Service (IRS) Forms 990-PF annually. The form is used by the IRS to calculate a foundation's annual payout requirement, to monitor key activities and assess excise taxes.
To remain qualified and in good standing with the IRS, foundations must make charitable disbursements that are based on the size of their assets. The required amount is shown on Page 8, Part XI, Line 7 of Form 990-PF.
