Doug And Gay Lane Foundation
- Assets
- $6.0m
- Revenue
- $737.9k
- Investments
- $5.0m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 22-3554995
Organization Overview
Doug And Gay Lane Foundation is located in Boca Grande, FL. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doug And Gay Lane 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, Doug And Gay Lane Foundation generated $737.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $876.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Doug And Gay Lane Foundation has awarded 76 individual grants totaling $4,756,392. 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 |
|---|---|---|---|
Douglas C Lane Trustee | 1 | $0 | |
Sharon Gay Lane Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $412,720 |
| Interest on Savings | $18,515 |
| Dividends & Interest | $116,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,912 |
| Capital Gain Net Income | $406,246 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $737,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,404 |
| Total operating and administrative expenses | $66,134 |
| Contributions, gifts, grants paid | $810,000 |
| Total expenses and disbursements | $876,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,021,375 |
| 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 | $5,987,211 |
| 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, Doug And Gay Lane Foundation has awarded $810,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ERWIN AND ISABELLE ZIEGELMAN FOUNDATION PURPOSE: ACCENT DANCE NYC | $25,000 |
DAYTON FOUNDATION PURPOSE: GENERAL PURPOSES | $300,000 |
LIBERTY CHRISTIAN SCHOOL PURPOSE: GENERAL PURPOSES | $10,000 |
PULMONARY FIBROSIS FOUNDATION PURPOSE: GENERAL PURPOSES | $60,000 |
RADCLIFFE CREEK SCHOOL PURPOSE: GENERAL PURPOSES | $80,000 |
LEHIGH UNIVERSITY PURPOSE: GENERAL PURPOSES | $10,000 |