Lagrant Foundation
- Assets
- $3.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 95-4657088
Organization Overview
Lagrant Foundation is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Lagrant Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrant 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 06/2022, Lagrant Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ETHNIC MINORITIES IN THE COMMUNICATION FIELDS. TLF PROVIDES ACADEMIC AND PROFESSIONAL DEVELOPMENT TO MINORITY UNDERGRADUATE AND GRADUATE STUDENTS PURSUING CAREERS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS, INTERNSHIPS, CAREER DEVELOPMENT WORKSHOP, PROFESSIONAL DEVELOPMENT AND MENTORS TO AFRICAN AMERICAN, AMERICAN INDIAN/NATIVE AMERICAN, ASIAN PACIFIC AMERICAN AND HISPANIC/LATINO UNDERGRADUATE AND GRADUATE STUDENTS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.
PROVIDED SCHOLARSHIPS, INTERNSHIPS, CAREER DEVELOPMENT WORKSHOP, PROFESSIONAL DEVELOPMENT AND MENTORS TO AFRICAN AMERICAN, AMERICAN INDIAN/NATIVE AMERICAN, ASIAN PACIFIC AMERICAN AND HISPANIC/LATINO UNDERGRADUATE AND GRADUATE STUDENTS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim L Hunter Chairman & C | OfficerTrustee | 8 | $223,047 |
Liz Castells Director | Trustee | 1 | $0 |
Mike Doyle Director | Trustee | 1 | $0 |
Gail Heimann Director | Trustee | 1 | $0 |
Torod B Neptune Director | Trustee | 1 | $0 |
Bill Imada Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,698,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,698,641 |
| Total Program Service Revenue | $0 |
| Investment income | $50,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,748,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $179,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,357 |
| Pension plan accruals and contributions | $55,933 |
| Other employee benefits | $6,589 |
| Payroll taxes | $14,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,268 |
| Advertising and promotion | $10,438 |
| Office expenses | $89,955 |
| Information technology | $15,560 |
| Royalties | $0 |
| Occupancy | $4,161 |
| Travel | $46,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,305 |
| All other expenses | $22,224 |
| Total functional expenses | $1,002,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,468,155 |
| Savings and temporary cash investments | $2,255,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $3,748,620 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,748,620 |
| Total liabilities and net assets/fund balances | $3,748,620 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lagrant Foundation has recieved totaling $93,480.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $25,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,320 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,060 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |