Landon Family Foundation
- Assets
- $1.4m
- Revenue
- $15.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Shelburne, VT
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 54-1844797
Organization Overview
Landon Family Foundation is located in Shelburne, VT. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Landon 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 12/2023, Landon Family Foundation generated $15.5k 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 (38.7%) each year. All expenses for the organization totaled $120.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Landon Family Foundation has awarded 23 individual grants totaling $381,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LANDON FAMILY FOUNDATION MAKES GRANTS TO QUALIFYING PUBLIC CHARITIES AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Newberry Asst. Secretary/director | 1 | $0 | |
Suzanne T Newberry Director | 5 | $0 | |
Christopher C Gignoux Director | 1 | $0 | |
Joan L Gignoux President/director | 20 | $750 | |
Deborah Landon O'kain Vice Pres/director | 5 | $0 | |
Joseph Erdman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,654 |
| Dividends & Interest | $48,075 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $556 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $30,351 |
| Contributions, gifts, grants paid | $90,500 |
| Total expenses and disbursements | $120,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,436 |
| 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 | $953,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,425,787 |
| 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, Landon Family Foundation has awarded $90,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK FOUNDATION PURPOSE: LANDON FUND III | $13,500 |
VERMONT COMMUNITY FOUNDATION PURPOSE: LANDON FUND II | $13,500 |
VERMONT COMMUNITY FOUNDATION PURPOSE: LANDON FUND | $13,500 |
LAKE PLACID CENTER FOR THE ARTS PURPOSE: UNRESTRICTED OPERATIONAL SUPPORT | $50,000 |