Jack And Shanaz Langson Family Foundation
- Assets
- $38.7m
- Revenue
- $440.0k
- Investments
- $27.0m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-0902683
Organization Overview
Jack And Shanaz Langson Family Foundation is located in Newport Beach, CA. The organization was established in 2017. 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. Jack And Shanaz Langson 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 12/2021, Jack And Shanaz Langson Family Foundation generated $440.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year.
Since 2016, Jack And Shanaz Langson Family Foundation has awarded 111 individual grants totaling $9,774,188. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanaz S Langson President | 2 | $0 | |
Jack M Langson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $82 |
| Dividends & Interest | $65,199 |
| Net Rental Income | $159,983 |
| Net Gain on Sale of Assets | -$319 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $440,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,013 |
| Depreciation | $127,500 |
| Occupancy | $17,139 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,685 |
| Total operating and administrative expenses | $220,747 |
| Contributions, gifts, grants paid | $2,145,000 |
| Total expenses and disbursements | $2,365,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,708,804 |
| 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 | $12,894 |
| Net Investments - land, buildings, equipment | $5,937,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,653,566 |
| Accounts payable and accrued expenses | $37,550 |
| 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 | $37,550 |
Grants Awarded
Over the last fiscal year, Jack And Shanaz Langson Family Foundation has awarded $2,145,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UC IRVINE FOUNDATION PURPOSE: GRANT DONATION FOR IMCA | $2,000,000 |
Costa Mesa, CA PURPOSE: SEGERSTOM GENERAL FUND | $107,000 |
Newport Beach, CA PURPOSE: SUPPORT FOR GENERAL FUND | $20,000 |
Irvine, CA PURPOSE: PACIFIC GENERAL FUND DONATION | $10,000 |
OC MUSIC AND DANCE PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |
Costa Mesa, CA PURPOSE: PACIFIC CHORALE GENERAL FUND DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |