Jack And Shanaz Langson Family Foundation
- Assets
- $37.0m
- Revenue
- $550.0k
- Investments
- $29.7m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 01/2017
- Data as of
- 12/2022
- 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 12/2022, Jack And Shanaz Langson Family Foundation generated $550.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jack And Shanaz Langson Family Foundation has awarded 88 individual grants totaling $8,230,376. 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 |
|---|---|---|---|
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 | $263 |
| Dividends & Interest | $170,206 |
| Net Rental Income | $167,432 |
| Net Gain on Sale of Assets | -$1,595 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $550,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,302 |
| Depreciation | $127,500 |
| Occupancy | $18,142 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,548 |
| Total operating and administrative expenses | $221,641 |
| Contributions, gifts, grants paid | $2,218,000 |
| Total expenses and disbursements | $2,439,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,511,732 |
| 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 | $8,231 |
| Net Investments - land, buildings, equipment | $5,810,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,021,576 |
| Accounts payable and accrued expenses | $43,515 |
| 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 | $43,515 |
Grants Awarded
Over the last fiscal year, Jack And Shanaz Langson Family Foundation has awarded $2,218,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DESERT COMMUNITY FOUNDATION PURPOSE: VC EMPLOYEE SCHOLARSHIP FUND | $1,000 |
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: BIG CANYON COUNTY CLUB SCHOLARSHIP FUND | $1,000 |
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: PACIFIC CLUB EMPLOYEE SCHOLARSHIP FUND | $1,000 |
SEGERSTROM CENTER FOR THE ARTS PURPOSE: SEGERSTOM GENERAL FUND | $30,000 |
ST ANDREW'S PRESBYTERIAN CHURCH PURPOSE: SUPPORT FOR GENERAL FUND | $20,000 |
HARVARD BUSINESS SCHOOL PURPOSE: CHARITABLE DONATION | $100,000 |