Joseph N Langan Charitable Trust
- Assets
- $1.4m
- Revenue
- $81.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 63-6086271
Organization Overview
Joseph N Langan Charitable Trust is located in Mobile, AL. The organization was established in 1974. 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. Joseph N Langan 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, Joseph N Langan Charitable Trust generated $81.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $73.3k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph N Langan Charitable Trust has awarded 32 individual grants totaling $190,840. 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 | $293 |
| Dividends & Interest | $73,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,385 |
| Capital Gain Net Income | $7,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12 |
| Total Revenue | $81,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $340 |
| Taxes | $665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $799 |
| Total operating and administrative expenses | $9,719 |
| Contributions, gifts, grants paid | $63,560 |
| Total expenses and disbursements | $73,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,971 |
| Savings and temporary cash investments | $12,491 |
| 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 | $382,902 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,413,377 |
| 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, Joseph N Langan Charitable Trust has awarded $63,560 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: SUPPORT CHARITIES | $28,591 |
SOCIETY FOR THE PROPAGATION OF FAIT PURPOSE: CHURCH SUPPORT | $6,358 |
AMERICAN LEGION PURPOSE: SCHOLARSHIPS | $6,358 |
ST MARY'S CHURCH PURPOSE: CHURCH SUPPORT | $6,358 |
UNITED WAY OF SOUTH WEST ALABAMA PURPOSE: UNITED WAY SUPPORT | $3,179 |
SPRING HILL COLLEGE PURPOSE: EDUCATION SUPPORT | $6,358 |