Langerman Family Foundation Inc
- Assets
- $3.8m
- Revenue
- $125.8k
- Investments
- $3.4m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1311464
Organization Overview
Langerman Family Foundation Inc is located in Short Hills, NJ. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Langerman 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 12/2022, Langerman Family Foundation Inc generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $334.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Langerman Family Foundation Inc has awarded 55 individual grants totaling $1,380,400. 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 |
|---|---|---|---|
Dana Langerman President | 1 | $0 | |
Peter Langerman Vice President | 1 | $0 | |
Heather Langerman Director | 0.25 | $0 | |
Alex Langerman Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,156 |
| Dividends & Interest | $84,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,856 |
| Capital Gain Net Income | $34,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,575 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,697 |
| Total operating and administrative expenses | $49,272 |
| Contributions, gifts, grants paid | $285,000 |
| Total expenses and disbursements | $334,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,609 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,839,896 |
| 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, Langerman Family Foundation Inc has awarded $285,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALL STARS PROJECT INC PURPOSE: UNRESTRICTED CHARITABLE DONATION | $100,000 |
CHARITABLE PHARMACY PURPOSE: UNRESTRICTED CHARITABLE DONATION | $2,500 |
FRIENDS OF THE SAWTOOTH NATIONAL FOREST AVALANCHE CENTER PURPOSE: UNRESTRICTED CHARITABLE DONATION | $2,500 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: UNRESTRICTED CHARITABLE DONATION | $2,500 |
TREY ATHLETES PURPOSE: UNRESTRICTED CHARITABLE DONATION | $2,500 |
JEWISH FED OF GREATER METROWEST NJ PURPOSE: UNRESTRICTED CHARITABLE DONATION | $165,000 |