John E And Margaret L Lane Foundation
- Assets
- $43.1m
- Revenue
- $970.1k
- Investments
- $32.7m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 31-1531619
Organization Overview
John E And Margaret L Lane Foundation is located in Colorado Springs, CO. The organization was established in 1997. 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. John E And Margaret L Lane 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, John E And Margaret L Lane Foundation generated $970.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John E And Margaret L Lane Foundation has awarded 119 individual grants totaling $13,454,424. 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 |
|---|---|---|---|
Anita K Lane Director | 1 | $0 | |
Philip R Lane Chairman And Secretary | 1 | $0 | |
David J Lane Director | 1 | $0 | |
Eric Ryan Director And Treasurer | 1 | $0 | |
Laura Blackburn Program Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cherry Creek Family Offices | 12/30/22 | $161,000 |
Spur Philanthropy | 12/30/22 | $283,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,228 |
| Interest on Savings | $0 |
| Dividends & Interest | $710,748 |
| Net Rental Income | $29,152 |
| Net Gain on Sale of Assets | $565,451 |
| Capital Gain Net Income | $565,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$475,556 |
| Total Revenue | $970,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138,846 |
| Depreciation | $31,948 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,053 |
| Total operating and administrative expenses | $543,866 |
| Contributions, gifts, grants paid | $1,838,794 |
| Total expenses and disbursements | $2,382,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,923,926 |
| 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 | $1,373,144 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,127,814 |
| Net Land, buildings, and equipment | $112 |
| Other assets | $7,098,999 |
| Total assets | $43,066,359 |
| 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 | $14,936 |
| Total liabilities | $14,936 |
Grants Awarded
Over the last fiscal year, John E And Margaret L Lane Foundation has awarded $1,838,794 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHEYENNE MOUNTAIN ZOO PURPOSE: GENERAL FUND | $600,000 |
COLORADO SPRINGS FINE ARTS CENTER PURPOSE: GENERAL FUND | $300,000 |
UNIVERSITY OF COLORADO COLORADO SPRINGS PURPOSE: SCULPTURE GRANT | $5,000 |
COLORADO SPRINGS THERAPEUTIC RIDING CENTER PURPOSE: GENERAL FUND | $7,500 |
DOWNTOWN VENTURES PURPOSE: ARTS ON THE STREET PROJECT | $1,000 |
PIKES PEAK COMMUNITY FOUNDATION PURPOSE: COUPLES WHO CARE EVENT | $2,229 |