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← LAGRANT FOUNDATION

Form 990 for tax year 2024

Filed by LAGRANT FOUNDATION.

Totals

Total revenue
$1,641,190
Total expenses
$1,016,942
Contributions and grants received
$1,551,328
Grants paid
$146,250
Program service revenue
$0
Investment income
$89,862
Other revenue
$0
Total assets, end of year
$6,165,869
Total liabilities, end of year
$358
Net assets or fund balances, end of year
$6,165,511
Program services expenses (Part IX)
$991,793
Management and general expenses
$25,149
Fundraising expenses
$0
Program service expenses (Part III)
$991,793

Program services were 97.5% 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

    $1,551,328

  • 3 · Investment income

    total $89,862 · excluded $89,862

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $146,250 · program services $146,250

  • 5 · Compensation of officers, directors and key employees

    total $175,000 · program services $175,000

  • 7 · Other salaries and wages

    total $113,531 · program services $113,531

  • 8 · Pension plan contributions

    total $69,000 · program services $69,000

  • 9 · Other employee benefits

    total $3,661 · program services $3,661

  • 10 · Payroll taxes

    total $22,802 · program services $22,802

  • 11b · Fees: legal

    total $22,998 · program services $22,998

  • 11c · Fees: accounting

    total $16,840 · management and general $16,840

  • 11g · Fees: other

    total $97,016 · program services $94,282 · management and general $2,734

  • 12 · Advertising and promotion

    total $17,327 · program services $17,327

  • 13 · Office expenses

    total $75,719 · program services $75,487 · management and general $232

  • 14 · Information technology

    total $660 · program services $660

  • 16 · Occupancy

    total $5,343 · management and general $5,343

  • 17 · Travel

    total $119,604 · program services $119,604

  • 23 · Insurance

    total $3,614 · program services $3,614

  • 24a · Other expenses: STRATEGIC PARTNERSHIPS

    total $37,000 · program services $37,000

  • 24b · Other expenses: OFFICE SUPPLIES

    total $30,981 · program services $30,981

  • 24c · Other expenses: INTERNSHIP

    total $15,580 · program services $15,580

  • 24d · Other expenses: RELOCATION EXPENSES

    total $9,000 · program services $9,000

  • 24e · All other expenses

    total $35,016 · program services $35,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,010,494 · end of year $3,546,346

  • 2 · Savings and temporary cash investments

    beginning of year $2,461,868 · end of year $2,607,523

  • 15 · Other assets

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

  • 25 · Other liabilities

    beginning of year $200 · end of year $358

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,484,162 · end of year $6,165,511

Mission and programs · 2024

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 $816,793 · Grants $146,250

  • 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 $175,000

As filed on the 2024 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
    $175,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $50,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,000
  • Greg Anthony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Bartlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Bleeker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Buchholz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dominic Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terry Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Olga Fleming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Drew Herdener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Howe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Imada

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Johnson

    DIRECTOR

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

    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
  • Amy Jo Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Neale

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tamara Norman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andy Pharoah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Beth Roden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kass Sells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank Xshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Weiss

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202503169349309280

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