Lang Family Foundation
- Assets
- $8.6m
- Revenue
- $385.3k
- Investments
- $7.8m
- Employees
- 0
- Location
- Saegertown, PA
- Founding
- 05/2014
- Data as of
- 06/2023
- EIN
- 46-3945957
Organization Overview
Lang Family Foundation is located in Saegertown, PA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Lang Family Foundation generated $385.3k 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 (46.1%) each year. All expenses for the organization totaled $455.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lang Family Foundation has awarded 34 individual grants totaling $1,721,500. 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 |
|---|---|---|---|
G Thomas Lang President/secretary/treasurer | 1 | $0 | |
Patricia P Lang Vice President | 1 | $0 | |
Bruce E Lang Assistant Treasurer | 1 | $0 | |
Sean P Lang Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $257,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $128,195 |
| Capital Gain Net Income | $128,195 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $385,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,060 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $455,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,739 |
| 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 | $3,727,950 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,649,592 |
| 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 has awarded $415,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAEGERTOWN VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL FUND | $5,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: GENERAL FUND | $300,000 |
WILD SHEEP FOUNDATION PURPOSE: GENERAL FUND | $100,000 |
LUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL FUND | $5,000 |
PLACE OF HOPE PURPOSE: GENERAL FUND | $5,000 |