Lura-Lee G And William E Langefoundation
- Assets
- $17.0m
- Revenue
- $348.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Maryville, TN
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 20-8002817
Organization Overview
Lura-Lee G And William E Langefoundation is located in Maryville, TN. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lura-Lee G And William E Langefoundation 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, Lura-Lee G And William E Langefoundation generated $348.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $817.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lura-Lee G And William E Langefoundation has awarded 143 individual grants totaling $7,525,899. 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 |
|---|---|---|---|
Margaret Young President | 0 | $0 | |
Bradford C Denning Director | 0 | $0 | |
Lisa Lange-Fitzinger Treasurer | 0 | $0 | |
Gretchen Rockenfield Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $187,816 |
| Dividends & Interest | $203,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$106,819 |
| Capital Gain Net Income | $2,766 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,608 |
| Total Revenue | $348,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,500 |
| Taxes | $2,771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,581 |
| Total operating and administrative expenses | $67,355 |
| Contributions, gifts, grants paid | $750,000 |
| Total expenses and disbursements | $817,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,353 |
| Savings and temporary cash investments | $0 |
| 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 | $16,933,771 |
| Total assets | $16,987,124 |
| 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, Lura-Lee G And William E Langefoundation has awarded $750,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA RAPTOR CENTER PURPOSE: GENERAL FUND | $25,000 |
ANCHORAGE MUSEUM PURPOSE: GENERAL FUND | $25,000 |
APPALACHIAN BALLET COMPANY PURPOSE: PRODUCTION EXPENSES | $45,000 |
CASADY SCHOOL PURPOSE: CAPITAL CAMPAIGN | $125,000 |
CIMARRON CHAMBER OF COMMERCE PURPOSE: GENERAL FUND | $15,000 |
CHASE FOUNDATION PURPOSE: GENERAL FUND | $5,000 |