Jacob & Valeria Langeloth Foundation
- Assets
- $52.9m
- Revenue
- $3.8m
- Investments
- $51.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1975
- Data as of
- 12/2022
- EIN
- 13-1773646
Organization Overview
Jacob & Valeria Langeloth Foundation is located in New York, NY. The organization was established in 1975. 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. Jacob & Valeria Langeloth Foundation 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, Jacob & Valeria Langeloth Foundation generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jacob & Valeria Langeloth Foundation has awarded 516 individual grants totaling $79,416,451. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Nevarez MD Chairman | 3 | $0 | |
Scott Moyer President | 40 | $240,000 | |
Dominique Boillot MD Secretary/treasurer | 3 | $0 | |
Aileen Adams Director | 3 | $0 | |
David Hochschild Director | 3 | $0 | |
Faith Mitchell Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenmede Trust Co | 12/30/22 | $141,162 |
Brea Baker | 12/30/22 | $103,300 |
First Manhattan Co | 12/30/22 | $74,653 |
Harriet Barlow | 12/30/22 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71,116 |
| Dividends & Interest | $1,036,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,314,548 |
| Capital Gain Net Income | $2,477,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $362,395 |
| Total Revenue | $3,784,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,000 |
| Other employee salaries and wages | $256,554 |
| Pension plans, employee benefits | $181,998 |
| Interest | $0 |
| Taxes | $115,180 |
| Depreciation | $0 |
| Occupancy | $94,470 |
| Travel, conferences, and meetings | $2,500 |
| Printing and publications | $0 |
| Other expenses | $106,015 |
| Total operating and administrative expenses | $1,517,723 |
| Contributions, gifts, grants paid | $8,488,961 |
| Total expenses and disbursements | $10,006,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,399,323 |
| 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 | $7,283,896 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,946,145 |
| 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, Jacob & Valeria Langeloth Foundation has awarded $11,163,961 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCE PEACE SAFE PASSAGES PURPOSE: INFLATION SUPPORT | $6,750 |
ADVANCE PEACE SAFE PASSAGES PURPOSE: CORE GRANT-PROJECT SUPPORT | $150,000 |
ADVANCE PEACE SAFE PASSAGES PURPOSE: BOARD DISCRETIONARY | $2,500 |
ADVANCE PEACE SAFE PASSAGES PURPOSE: RAPID RESPONSE FUND | $110,000 |
A CALL TO MEN PURPOSE: BOARD DISCRETIONARY | $1,000 |
ALI FORNEY CENTER PURPOSE: SMALL OPPORTUNITY GRANT | $9,000 |