Eugene M Lang Foundation
- Assets
- $33.5m
- Revenue
- $2.5m
- Investments
- $32.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1964
- Data as of
- 12/2022
- EIN
- 13-6153412
Organization Overview
Eugene M Lang Foundation is located in New York, NY. The organization was established in 1964. 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. Eugene M Lang 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, Eugene M Lang Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eugene M Lang Foundation has awarded 621 individual grants totaling $13,212,671. 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 |
|---|---|---|---|
Stephen Lang Trustee | 5 | $0 | |
Jane Lang Trustee | 20 | $0 | |
Kristina Lang Trustee | 5 | $0 | |
Lucy Lang Trustee | 5 | $0 | |
Lauren Mcgrail Trustee,executive Director | 40 | $141,700 | |
Jessica Lang Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $970,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,504,745 |
| Capital Gain Net Income | $1,504,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,475,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $55,773 |
| Interest | $0 |
| Taxes | $60,693 |
| Depreciation | $0 |
| Occupancy | $23,636 |
| Travel, conferences, and meetings | $1,712 |
| Printing and publications | $0 |
| Other expenses | $17,876 |
| Total operating and administrative expenses | $413,283 |
| Contributions, gifts, grants paid | $4,914,071 |
| Total expenses and disbursements | $5,327,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,951 |
| Savings and temporary cash investments | $8,579 |
| 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 | $609,236 |
| Total assets | $33,493,004 |
| 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, Eugene M Lang Foundation has awarded $4,914,071 in support to 201 organizations.
| Grant Recipient | Amount |
|---|---|
42 ANALYTICS EDUCATION INC PURPOSE: GENERAL | $25,000 |
ABRAMSON SCHOLARSHIP FOUNDATION PURPOSE: GENERAL | $1,000 |
ACTORS FUND PURPOSE: GENERAL | $25,000 |
ACLU FOUNDATION PURPOSE: GENERAL | $6,000 |
ALBANY INSTITUTE OF HISTORY AND ART PURPOSE: GENERAL | $1,000 |
AIM HIGH FOR HIGH SCHOOL PURPOSE: GENERAL | $267,667 |