Lanier Foundation Charitable Trust
- Assets
- $988.2k
- Revenue
- $334.5k
- Investments
- $918.8k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/2019
- Data as of
- 11/2023
- EIN
- 82-3747731
Organization Overview
Lanier Foundation Charitable Trust is located in Pennington, NJ. The organization was established in 2019. 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. Lanier Foundation 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 11/2023, Lanier Foundation Charitable Trust generated $334.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $81.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Lanier Trustee | 2 | $0 | |
Brenda Lanier Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $326,236 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19 |
| Total Revenue | $334,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $7,453 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $81,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $69,448 |
| 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 | $918,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $988,199 |
| 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, Lanier Foundation Charitable Trust has awarded $74,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEHARRY MEDICAL CENTER PURPOSE: UNRESTRICTED GENERAL | $70,000 |
SAMARITAN CENTER FREE CLINIC PURPOSE: UNRESTRICTED GENERAL | $4,000 |