Skip to content
Nonprofiteer
← LAGRANT FOUNDATION

Form 990 for tax year 2023

Filed by LAGRANT FOUNDATION.

Totals

Total revenue
$2,078,079
Total expenses
$1,190,751
Contributions and grants received
$1,998,014
Grants paid
$168,000
Program service revenue
$0
Investment income
$79,971
Other revenue
$94
Total assets, end of year
$5,484,362
Total liabilities, end of year
$200
Net assets or fund balances, end of year
$5,484,162
Program services expenses (Part IX)
$1,165,880
Management and general expenses
$24,871
Fundraising expenses
$0
Program service expenses (Part III)
$1,165,880

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,998,014

  • 3 · Investment income

    total $79,971 · excluded $79,971

  • 11a · Other revenue: REFUND

    total $94 · excluded $94

  • 11e · Other revenue, total

    $94

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $168,000 · program services $168,000

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $125,000

  • 7 · Other salaries and wages

    total $103,458 · program services $103,458

  • 8 · Pension plan contributions

    total $66,000 · program services $66,000

  • 9 · Other employee benefits

    total $7,138 · program services $7,138

  • 10 · Payroll taxes

    total $14,327 · program services $14,327

  • 11b · Fees: legal

    total $31,675 · program services $31,675

  • 11c · Fees: accounting

    total $10,653 · management and general $10,653

  • 11g · Fees: other

    total $160,839 · program services $156,278 · management and general $4,561

  • 12 · Advertising and promotion

    total $28,698 · program services $28,698

  • 13 · Office expenses

    total $100,336 · program services $95,850 · management and general $4,486

  • 14 · Information technology

    total $15,905 · program services $15,905

  • 16 · Occupancy

    total $5,171 · management and general $5,171

  • 17 · Travel

    total $175,789 · program services $175,789

  • 23 · Insurance

    total $3,291 · program services $3,291

  • 24a · Other expenses: SPECIAL EVENT

    total $50,271 · program services $50,271

  • 24b · Other expenses: CAREER DEVELOPMENT

    total $38,770 · program services $38,770

  • 24c · Other expenses: OFFICE SUPPLIES

    total $32,983 · program services $32,983

  • 24d · Other expenses: EDUCATIONAL TRAINING

    total $17,329 · program services $17,329

  • 24e · All other expenses

    total $35,118 · program services $35,118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,173,199 · end of year $3,010,494

  • 2 · Savings and temporary cash investments

    beginning of year $2,309,717 · end of year $2,461,868

  • 15 · Other assets

    beginning of year $12,000 · end of year $12,000

  • 25 · Other liabilities

    end of year $200

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,494,916 · end of year $5,484,162

Mission and programs · 2023

Mission

TO INCREASE ETHNIC MINORITIES IN THE COMMUNICATION FIELDS. TLF PROVIDES ACADEMIC AND PROFESSIONAL DEVELOPMENT TO MINORITY UNDERGRADUATE AND GRADUATE STUDENTS PURSUING CAREERS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.

  • PROVIDED SCHOLARSHIPS, INTERNSHIPS, CAREER DEVELOPMENT WORKSHOP, PROFESSIONAL DEVELOPMENT AND MENTORS TO AFRICAN AMERICAN, AMERICAN INDIAN/NATIVE AMERICAN, ASIAN PACIFIC AMERICAN AND HISPANIC/LATINO UNDERGRADUATE AND GRADUATE STUDENTS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.

    Expenses $1,165,880 · Grants $168,000

  • PROVIDED SCHOLARSHIPS, INTERNSHIPS, CAREER DEVELOPMENT WORKSHOP, PROFESSIONAL DEVELOPMENT AND MENTORS TO AFRICAN AMERICAN, AMERICAN INDIAN/NATIVE AMERICAN, ASIAN PACIFIC AMERICAN AND HISPANIC/LATINO UNDERGRADUATE AND GRADUATE STUDENTS IN ADVERTISING, MARKETING AND PUBLIC RELATIONS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kim L Hunter

    CHAIRMAN & C

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Dan Bartlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Greg Anthony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andy Pharoah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gail Heimann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Imada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Torod B Neptune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anitra Marsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peter McDermott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Juan-Carlos Molleda PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Neale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kass Sells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank Xshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aj Jones II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terry Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Soon Mee Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Bleeker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Beth Roden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katie Foley Loanilli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Buchholz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terri Hines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Oscar Suris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kejuan Wikins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202443169349305209

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.