David T Langrock Foundation
- Assets
- $1.6m
- Revenue
- $43.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Westport, CT
- Founding
- 03/1973
- Data as of
- 11/2023
- EIN
- 05-6039393
Organization Overview
David T Langrock Foundation is located in Westport, CT. The organization was established in 1973. 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.
For the year ending 11/2023, David T Langrock Foundation generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $122.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David T Langrock Foundation has awarded 22 individual grants totaling $309,500. 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 |
|---|---|---|---|
John W Hogan Jr Co-Trustee | 0 | $0 | |
Joan H Gillman Co-Trustee | 0 | $17,500 | |
Lee Goldstein Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,111 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $19,720 |
| Contributions, gifts, grants paid | $103,000 |
| Total expenses and disbursements | $122,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $444,653 |
| 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 | $1,619,853 |
| 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, David T Langrock Foundation has awarded $103,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE MATTATUCK MUSEUM FOUNDATION PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
THE WADSWORTH ANTHENEUM PURPOSE: UNRESTRICTED GENERAL SUPPORT | $23,000 |
THE FLORENCE GRISWOLD MUSEUM PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
NEW HAVEN FESTIVAL OF ARTS IDEAS PURPOSE: UNRESTRICTED GENERAL SUPPORT | $30,000 |
NEW BRITAIN MUSEUM OF AMERICAN ART PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
THE NORWALK ART SPACE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |