Langland Family Be A Light Foundation
- Assets
- $407.7k
- Revenue
- $91.8k
- Investments
- $404.1k
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- Data as of
- 12/2023
- EIN
- 86-2678583
Organization Overview
Langland Family Be A Light Foundation is located in Iowa City, IA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Langland Family Be A Light 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, Langland Family Be A Light Foundation generated $91.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $18.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTY HIGH SCHOOL CASH DONATED FOR THE BE A LIGHT SCHOLARSHIPS FOR POSTSECONDARY EDUCATION
LIBERTY HIGH SCHOOL CASH DONATED TO THE DANCE TEAM FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION
GLIOBLASTOMA RESEARCH ORGANIZATION CASH DONATED TO THEIR GENERAL FUND
IOWA CITY COMMUNITY SCHOOL DISTRICT FOUNDATION CASH DONATED TO THE LIBERTY FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Langland President | 0 | $0 | |
Traci K Langland Secretary | 0 | $0 | |
Brittani K Langland Treasurer | 0 | $0 | |
Christopher J Langland Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,270 |
| Interest on Savings | $7 |
| Dividends & Interest | $6,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,248 |
| Capital Gain Net Income | $2,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,075 |
| Total operating and administrative expenses | $2,210 |
| Contributions, gifts, grants paid | $16,480 |
| Total expenses and disbursements | $18,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441 |
| Savings and temporary cash investments | $3,216 |
| 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 | $404,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $407,733 |
| 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, Langland Family Be A Light Foundation has awarded $16,480 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERTY HIGH SCHOOL PURPOSE: DANCE TEAM GENERAL OPERATING FUND | $4,000 |
LIBERTY HIGH SCHOOL PURPOSE: BE A LIGHT SCHOLARSHIPS | $6,000 |
IOWA STATE DANCE DRILL TEAM ASSOCATION PURPOSE: BROOKE LANGLAND MEMORIAL SCHOLARSHIP | $1,000 |
IOWA CITY COMMUNITY SCHOOL DISTRICT FOUNDATION PURPOSE: GENERAL OPERATING LIBERTY FUND | $1,030 |
GLIOBLASTOMA RESEARCH ORGANIZATION PURPOSE: GLIOBLASTOMA RESEARCH | $2,000 |
SUMMER OF THE ARTS PURPOSE: GENERAL OPERATING FUND | $1,000 |