Langston Family Foundation
- Assets
- $2.7m
- Revenue
- $89.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 11/1996
- Data as of
- 12/2022
- 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 12/2022, Langston Family Foundation generated $89.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $305.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Langston Family Foundation has awarded 85 individual grants totaling $257,240. 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
PROVIDE CHARITABLE DONATIONS TO CHARITABLE EDUCATIONAL AND RELIGIOUS ORGANIZATIONS TO FURTHER THEIR RESPECTIVE PROGRAMS FOR DETAILS SEE PART IX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Langston Director | 3.87 | $14,528 | |
Neal Langston Director | 0.34 | $1,275 | |
Steve Langston Jr Director | 0.95 | $3,563 | |
Susan Langston Director | 4.52 | $16,933 | |
Charles Scott Director | 0.21 | $800 | |
Christopher Scott Director | 1.15 | $4,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $388 |
| Dividends & Interest | $62,929 |
| Net Rental Income | -$24,294 |
| Net Gain on Sale of Assets | -$8,956 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,089 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,750 |
| Depreciation | $19,375 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,772 |
| Printing and publications | $0 |
| Other expenses | $98,721 |
| Total operating and administrative expenses | $222,372 |
| Contributions, gifts, grants paid | $83,400 |
| Total expenses and disbursements | $305,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,628 |
| Savings and temporary cash investments | $101,317 |
| 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 | $490,026 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,461 |
| Total assets | $2,692,535 |
| 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 $83,400 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SAILFISH SPORTS FOUNDATION PURPOSE: COMMUNITY POOL PROJECT | $7,000 |
THE WINGMAN FOUNDATION PURPOSE: AID TO FAMILIES OF DECEASED AIRMEN | $6,000 |
THE ROCK CHURCH PURPOSE: REC ROOM GAME TABLES AUTO BELAY | $4,200 |
ZION'S HOPE PURPOSE: SERVANT'S HEART PROGRAM | $4,000 |
SOCIETY OF FIRE PROTECTION ENGINEERS PURPOSE: FIRE EQUIPMENT & GENERAL PURPOSES | $4,000 |
BEACON HILL PURPOSE: CAMERA SYSTEM UPGRADE | $4,000 |