The Lanier Theological Library Foundation
- Assets
- $153.8m
- Revenue
- $6.7m
- Investments
- $120.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 61-1632105
Organization Overview
The Lanier Theological Library Foundation is located in Houston, TX. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Lanier Theological Library 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 12/2022, Lanier Theological Library Foundation generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $18.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lanier Theological Library Foundation has awarded 83 individual grants totaling $44,086,037. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES A RESEARCH LIBRARY WITH A COMPREHENSIVE COLLECTION OF BOOKS, PERIODICALS, HISTORICAL DOCUMENTS, AND ARTIFACTS FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Mark Lanier President/treasurer | 2 | $0 | |
Becky S Lanier Vice President/secretary | 2 | $0 | |
Elizabeth G Lanier Assistant Secretary/treasurer | 1 | $0 | |
Jt Thee Director | 1 | $0 | |
Rachel Lanier Director | 1 | $0 | |
Rebecca Lanier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,222 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,342,754 |
| Net Rental Income | $4,700 |
| Net Gain on Sale of Assets | $3,248,653 |
| Capital Gain Net Income | $3,248,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,198 |
| Total Revenue | $6,715,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,321,992 |
| Pension plans, employee benefits | $215,923 |
| Interest | $0 |
| Taxes | $288,665 |
| Depreciation | $333,067 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $224,294 |
| Printing and publications | $0 |
| Other expenses | $1,163,609 |
| Total operating and administrative expenses | $3,735,965 |
| Contributions, gifts, grants paid | $14,603,576 |
| Total expenses and disbursements | $18,339,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,210 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,574 |
| 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 | $3,255 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,155,804 |
| Net Land, buildings, and equipment | $25,764,293 |
| Other assets | $7,793,818 |
| Total assets | $153,835,954 |
| Accounts payable and accrued expenses | $691 |
| 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 | $691 |
Grants Awarded
Over the last fiscal year, The Lanier Theological Library Foundation has awarded $14,603,576 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
EVANGELIA EDUCATION PURPOSE: GENERAL OPERATIONS | $24,000 |
DEAD SEA SCROLLS FOUNDATION PURPOSE: GENERAL OPERATIONS | $45,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL OPERATIONS | $100,000 |
INSPIRE WOMEN PURPOSE: GENERAL OPERATIONS | $25,000 |
LIPSCOMB UNIVERSITY PURPOSE: GENERAL OPERATIONS | $394,226 |
UNIVERSITY OF HOUSTON PURPOSE: GENERAL OPERATIONS | $20,000 |