Langston Family Foundation
- Assets
- $2.9m
- Revenue
- $230.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 99-0330063
Organization Overview
Langston Family Foundation is located in Anchorage, AK. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Langston Family 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 12/2021, Langston Family Foundation generated $230.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $323.3k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 2 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, Langston Family Foundation has awarded 57 individual grants totaling $173,840. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHARITABLE DONATIONS TO CHARITABLE EDUCATIONAL AND RELIGIOUS ORGANIZATIONS TO FURTHER THEIR RESPECTIVE PROGRAMS FOR DETAILS SEE PART XIV.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Poeschel Director | 7.56 | $28,343 | |
Susan Langston Director | 5.22 | $19,584 | |
Steve Langston Jr Director | 1.04 | $3,888 | |
Nanette Langston Director | 4.18 | $15,689 | |
Charles Scott Director | 1.06 | $3,983 | |
Christopher Scott Director | 0.89 | $3,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $75,566 |
| Net Rental Income | -$16,183 |
| Net Gain on Sale of Assets | $117,928 |
| Capital Gain Net Income | $117,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $230,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,548 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,396 |
| Depreciation | $19,375 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,939 |
| Printing and publications | $0 |
| Other expenses | $83,827 |
| Total operating and administrative expenses | $232,210 |
| Contributions, gifts, grants paid | $91,136 |
| Total expenses and disbursements | $323,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,157 |
| Savings and temporary cash investments | $209,991 |
| 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 | $509,401 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,461 |
| Total assets | $2,908,933 |
| Accounts payable and accrued expenses | -$137 |
| 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 | -$137 |
Grants Awarded
Over the last fiscal year, Langston Family Foundation has awarded $91,136 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ARABIAN HUNTER PLEASURE ASSOCIATION PURPOSE: GRANT TO ATTEND NATIONALS | $6,000 |
ZION'S HOPE PURPOSE: SERVANT'S HEART PROGRAM | $6,000 |
Sedona, AZ PURPOSE: TRAILHEAD KIOSKS | $5,000 |
BENEFACTORS OF RED ROCK STATE PARK PURPOSE: OUTDOOR CLASSROOM | $5,000 |
Los Angeles, CA PURPOSE: SEED TO SKILLET PROGRAM | $5,000 |
CHASE'S PLACE SCHOOL PURPOSE: IPADS CLASSROOM EQUIPMENT | $4,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy Northwest Seattle, WA | $9,442,103 | $7,893,544 |
Names Family Foundation Fircrest, WA | $140,493,292 | $4,553,326 |
Spokane Housing Ventures Spokane, WA | $41,846,446 | $7,474,764 |
Wesley Homes Foundation A Supporting Organization Des Moines, WA | $19,577,190 | $4,930,467 |
Consumer Voices Are Born Vancouver, WA | $1,434,971 | $3,293,379 |
Fish Ellensburg, WA | $3,698,785 | $3,084,474 |
Washington Alliance For Better Schools Shoreline, WA | $1,940,818 | $2,998,308 |
The Big Table Spokane, WA | $1,821,541 | $2,378,670 |
Pullman Regional Hospital Foundation Pullman, WA | $4,880,325 | $3,359,569 |
Ymca Snohomish Qalicb Everett, WA | $27,872,986 | $663,087 |
Brettler Family Foundation Seattle, WA | $22,503,744 | $3,230,040 |
Spiritual Directors International Bellevue, WA | $1,454,279 | $1,062,432 |