The@sean And Beth Lang Family Foundation
- Assets
- $4.3m
- Revenue
- $48.6k
- Investments
- $4.1m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/2019
- Data as of
- 06/2023
- EIN
- 38-7217132
Organization Overview
The@sean And Beth Lang Family Foundation is located in Palm Beach, FL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. The@sean And Beth Lang Family 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 06/2023, The@sean And Beth Lang Family Foundation generated $48.6k 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 (68.7%) each year. All expenses for the organization totaled $197.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, The@sean And Beth Lang Family Foundation has awarded 43 individual grants totaling $788,038. 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 |
|---|---|---|---|
Sean P Lang President/treasurer/secretary | 1 | $0 | |
Beth Lang Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $108,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,694 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,215 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,789 |
| Contributions, gifts, grants paid | $179,025 |
| Total expenses and disbursements | $197,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,647 |
| Savings and temporary cash investments | $0 |
| 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 | $670,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,293,133 |
| 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 | $41,521 |
| Total liabilities | $41,521 |
Grants Awarded
Over the last fiscal year, The@sean And Beth Lang Family Foundation has awarded $179,025 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC FOUNDATION PURPOSE: GENERAL FUND | $150,000 |
LEXAVENTURES LLC PURPOSE: GENERAL FUND | $3,000 |
CONNEAUT LAKE AQUATIC MANAGEMENT ASSOCIATION PURPOSE: GENERAL FUND | $5,000 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: GENERAL FUND | $2,500 |
UNITED WAY PURPOSE: GENERAL FUND | $5,000 |
OXBRIDGE ACADEMY PURPOSE: GENERAL FUND | $2,500 |