Lane Family Foundation Inc
- Assets
- $596.9k
- Revenue
- $111.1k
- Investments
- $498.3k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 06-0996843
Organization Overview
Lane Family Foundation Inc is located in Palm Beach, FL. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lane Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lane Family Foundation Inc generated $111.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $63.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lane Family Foundation Inc has awarded 95 individual grants totaling $568,270. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Lane President | 1 | $0 | |
William Lane Vice Preside | 1 | $0 | |
Lee Baydush Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,291 |
| Dividends & Interest | $17,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,140 |
| Capital Gain Net Income | $91,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,813 |
| Contributions, gifts, grants paid | $55,880 |
| Total expenses and disbursements | $63,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,939 |
| Savings and temporary cash investments | $55,665 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $596,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lane Family Foundation Inc has awarded $55,880 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HAND OF LOVE FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
CONGREGATION SHIRAT HA YAM PURPOSE: UNRESTRICTED DONATION | $600 |
PALM BEACH SYNAGOGUE PURPOSE: UNRESTRICTED CONTRIBUTION | $1,950 |
SOCIETY OF THE FOUR ARTS PURPOSE: UNRESTRICTED DONATION | $10,000 |
THE KENNEDY CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $15,000 |
THE KRAVIS CENTER PURPOSE: UNRESTRICTED DONATION | $25,000 |