Langley For Families - The Foundation Of Lfcu
- Assets
- $90.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5681481
Organization Overview
Langley For Families - The Foundation Of Lfcu is located in Newport News, VA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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. Langley For Families - The Foundation Of Lfcu 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, Langley For Families - The Foundation Of Lfcu generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Langley For Families - The Foundation Of Lfcu has awarded 364 individual grants totaling $4,014,597. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF FAMILIES IN ALL OF THE COMMUNITIES WE SERVE BY DONATING TO LOCAL ORGANIZATIONS THAT FOCUS ON FAMILY ISSUES IN THE HAMPTON ROADS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED FUNDS TO ASSIST A VARIETY OF LOCAL 501(C)(3) HEALTHCARE ORGANIZATIONS PROVIDING HEALTHCARE SERVICES TO ADULTS AND CHILDREN, PREVENT HIGH RISK PREGNANCIES AND CARE FOR PREMATURE INFANTS, PROVIDE VETERAN'S ASSISTANCE, AND PROVIDE ADULT AND CHILD HOSPICE SERVICES.
CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN.
CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS TO ADVANCE COMMUNITY ISSUES, WORKFORCE DEVELOPMENT, AND ECONOMIC DEVELOPMENT EFFORTS. CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS TO PROVIDE THE UNDERSTANDING OF FINANCIAL LITERACY IN THE COMMUNITY. CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS IN RESPONSE TO THE HEALTH AND ECONOMIC IMPACTS OF COVID-19. CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS TO PROVIDE ASSISTANCE WITH LEGAL ADVOCACY FOR MINORS, AND ASSISTANCE IN TIMES OF NATURAL DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Hagerman Chairman | OfficerTrustee | 2.5 | $0 |
William E Griffith Jr Treasurer | OfficerTrustee | 1.5 | $0 |
Jose Iregui Director | Trustee | 1 | $0 |
Thomas Ryan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $413,456 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,777 |
| Total Program Service Revenue | $0 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$59,507 |
| Net Income from Gaming Activities | $491,298 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,002,138 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,014,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,000 |
| Total liabilities | $15,000 |
| Net assets without donor restrictions | $55,847 |
| Net assets with donor restrictions | $20,006 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,853 |
Grants Awarded
Over the last fiscal year, Langley For Families - The Foundation Of Lfcu has awarded $832,238 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST A VARIETY OF LOCAL 501(C)(3) HEALTHCARE ORGANIZATIONS PROVIDING HEALTHCARE SERVICES TO ADULTS AND CHILDREN, PREVENT HIGH RISK PREGNANCIES AND CARE FOR PREMATURE INFANTS, PROVIDE VETERAN'S ASSISTANCE, AND PROVIDE ADULT AND CHILD HOSPICE SERVICES. | $104,200 |
Norfolk, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN. | $30,000 |
Hampton, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN. | $29,200 |
Portsmouth, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST A VARIETY OF LOCAL 501(C)(3) HEALTHCARE ORGANIZATIONS PROVIDING HEALTHCARE SERVICES TO ADULTS AND CHILDREN, PREVENT HIGH RISK PREGNANCIES AND CARE FOR PREMATURE INFANTS, PROVIDE VETERAN'S ASSISTANCE, AND PROVIDE ADULT AND CHILD HOSPICE SERVICES. | $27,100 |
Norfolk, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN. | $25,000 |
Virginia Beach, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN & CONTRIBUTED FUNDS TO LOCAL 501(C)(3) ORGANIZATIONS IN RESPONSE TO THE HEALTH AND ECONOMIC IMPACTS OF COVID-19. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Langley For Families - The Foundation Of Lfcu has recieved totaling $19,126.
| Awarding Organization | Amount |
|---|---|
Peninsula Community Foundation Of Virginia Hampton, VA PURPOSE: GENERAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |