Lagemann Foundation
- Assets
- $1.3m
- Revenue
- $10.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1949
- Data as of
- 12/2023
- EIN
- 13-6115306
Organization Overview
Lagemann Foundation is located in Cambridge, MA. The organization was established in 1949. 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. Lagemann 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, Lagemann Foundation generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $115.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lagemann Foundation has awarded 112 individual grants totaling $886,830. 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 |
|---|---|---|---|
Peter J Lagemann President | 5 | $0 | |
Carter S Bacon Jr Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,962 |
| Dividends & Interest | $25,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,367 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $780 |
| Total Revenue | $10,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $286 |
| Total operating and administrative expenses | $19,024 |
| Contributions, gifts, grants paid | $96,500 |
| Total expenses and disbursements | $115,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,909 |
| Savings and temporary cash investments | $89,205 |
| 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 | $95,888 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,738 |
| Total assets | $1,282,776 |
| 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, Lagemann Foundation has awarded $96,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
TANZANIAN CHILDREN'S FUND PURPOSE: CHARITY | $6,000 |
THE CONCORD REVIEW PURPOSE: CHARITY | $7,500 |
MDI COMMUNITY SAILING CENTER INC PURPOSE: CHARITY | $4,500 |
FRIENDS OF LANTERN HILL INC PURPOSE: CHARITY | $7,000 |
CAPE COD MARITIME MUSEUM PURPOSE: CHARITY | $9,000 |
DANNY RON'S RESCUE PURPOSE: CHARITY | $16,500 |