Lang Family Foundation Inc
- Assets
- $455.8k
- Revenue
- $37.9k
- Investments
- $428.4k
- Employees
- 0
- Location
- Punta Gorda, FL
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 39-1884671
Organization Overview
Lang Family Foundation Inc is located in Punta Gorda, FL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lang Family Foundation Inc 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, Lang Family Foundation Inc generated $37.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $50.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lang Family Foundation Inc has awarded 148 individual grants totaling $212,278. 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 |
|---|---|---|---|
Sandra P Lang Director | 1 | $0 | |
John R Lang Treasurer/vice President | 1 | $0 | |
John W Lang Director | 1 | $0 | |
Maximillian N Knoell Secretary | 1 | $0 | |
Julie W Lang President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,227 |
| Capital Gain Net Income | $7,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136 |
| Total operating and administrative expenses | $8,864 |
| Contributions, gifts, grants paid | $41,667 |
| Total expenses and disbursements | $50,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792 |
| Savings and temporary cash investments | $26,661 |
| 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 | $428,359 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $455,812 |
| 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, Lang Family Foundation Inc has awarded $41,667 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BE-LEAF SURVIVORS PURPOSE: SUPPORT FOR DOMESTIC VIOLENCE VICTIMS | $500 |
BETHANY APARTMENTS PURPOSE: TRANSITIONAL HOUSING FOR DOMESTIC VIOLENCE | $1,000 |
BIG BROTHERS BIG SISTERS PURPOSE: SUPPORT FOR MENTORING PROGRAMING | $2,000 |
HEALTH CARE NETWORK PURPOSE: SUPPORT FOR HEALTHCARE | $2,000 |
GATEWAY FOUNDATION INC PURPOSE: SUPPORT FOR DRUG AND ALCOHOL REHAB | $1,667 |
HOSPITALITY CENTER PURPOSE: SUPPORT FOR THE HOMELESS | $3,000 |