B & S Lang Charitable Trust
- Assets
- $602.3k
- Revenue
- $48.3k
- Investments
- $587.7k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 16-1476139
Organization Overview
B & S Lang Charitable Trust is located in Chicago, IL. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B & S Lang Charitable Trust 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, B & S Lang Charitable Trust generated $48.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $51.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, B & S Lang Charitable Trust has awarded 14 individual grants totaling $243,833. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,302 |
| Capital Gain Net Income | $26,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $379 |
| Total Revenue | $48,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,959 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $14,649 |
| Contributions, gifts, grants paid | $36,790 |
| Total expenses and disbursements | $51,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,379 |
| Savings and temporary cash investments | $6,207 |
| 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 | $40,769 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $602,316 |
| 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, B & S Lang Charitable Trust has awarded $36,790 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STEWART B LANG MEMORIAL PURPOSE: GENERAL | $22,074 |
CATO-MERIDIAN C S D PURPOSE: GENERAL | $14,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgar & Lucile Schergens Foundation Inc Tell City, IN | $6,893,377 | $222,582 |
O Natalie Proctor Revocable Trust Chicago, IL | $1,227,942 | $65,568 |
B & S Lang Charitable Trust Chicago, IL | $602,316 | $48,333 |
Damian P And Marie Mccarthy Alagia Family Charitable Foundation Louisville, KY | $556,031 | $13,358 |
Martin J Taub & Irene M Taub Memorial Fund Chicago, IL | $563,061 | $36,982 |
Acorn Foundation Chicago, IL | $556,312 | -$32,928 |