Lankton Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $37.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Milledgeville, GA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 04-3210032
Organization Overview
Lankton Family Foundation Inc is located in Milledgeville, GA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lankton Family Foundation Inc 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, Lankton Family Foundation Inc generated $37.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $15.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lankton Family Foundation Inc has awarded 52 individual grants totaling $391,000. 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 |
|---|---|---|---|
Janet K Lankton Director | 0 | $0 | |
Karen Lankton Schmidt Director | 0 | $0 | |
Lauren Weisshaar Director | 0 | $0 | |
Susan Lankton-Rivas Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,085 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206 |
| Total operating and administrative expenses | $15,280 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,373 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,218,312 |
| 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, Lankton Family Foundation Inc has awarded $311,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LANKTON CHARITABLE CORP PURPOSE: DISPLAY OF AFRICAN ART AND OTHER ITEMS AND COLLECTIONS OF HISTORIC INTEREST | $86,000 |
BETA THETA PI FOUNDATION PURPOSE: SUPPORT OF THE NEXT CENTURY CASTLE CAMPAIGN TO RENOVATE AND MAINTAIN THE EDUCATIONAL PORTIONS OF THE BETA DELTA CHAPTER HOUSE AT CORNELL | $100,000 |
MUSEUM OF RUSSIAN ICONS PURPOSE: INSPIRES THE APPRECIATION AND STUDY OF RUSSIAN CULTURE BY COLLECTING AND EXHIBITING ICONS AND RELATED OBJECTS | $125,000 |