Lang Family Foundation Inc
- Assets
- $468.1k
- Revenue
- $71.0k
- Investments
- $438.3k
- Employees
- 0
- Location
- Punta Gorda, FL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 39-1884671
Organization Overview
Lang Family Foundation Inc is located in Punta Gorda, FL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lang 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 12/2021, Lang Family Foundation Inc generated $71.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $62.9k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lang Family Foundation Inc has awarded 126 individual grants totaling $174,311. 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 |
|---|---|---|---|
Sandra P Lang Director | 1 | $0 | |
John W Lang Director | 1 | $0 | |
Julie W Lang President | 1 | $0 | |
Maximillian N Knoell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,597 |
| Capital Gain Net Income | $49,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $7,473 |
| Contributions, gifts, grants paid | $55,400 |
| Total expenses and disbursements | $62,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,807 |
| Savings and temporary cash investments | $20,943 |
| 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 | $438,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $468,092 |
| 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, Lang Family Foundation Inc has awarded $55,400 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Racine, WI PURPOSE: GENERAL SUPPORT | $15,000 |
RACINE COUNTY PURPOSE: GENERAL SUPPORT | $15,000 |
ST CATHERINE'S HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $2,500 |
Racine, WI PURPOSE: GENERAL SUPPORT | $2,000 |
MEGAN HUTCHINSON & UW-MADISON PURPOSE: GENERAL SUPPORT | $2,000 |
Kenosha, WI PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |