Civic Intelligence

The Lagrant Foundation

990 • Fiscal year 2021 • EIN 95-4657088

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization ProfileWWW.LAGRANTFOUNDATION.ORG
600 Wilshire Blvd Suite 1610Los Angeles, CA 90017

(323) 469-8680

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.07x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

36%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$199,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

66th percentile

18%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

49%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$3,249,668

Up $504,446 (+18%) from 2020

Net Assets

Up

$3,137,905

Up $599,192 (+24%) from 2020

Liabilities

Down

$111,763

Down $94,746 (-46%) from 2020

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin79th percentile

Revenue

Up

$1,521,313

Up $498,304 (+49%) from 2020

Expenses

Up

$972,603

Up $117,488 (+14%) from 2020

Net Income

Up

$548,710

Up $380,816 (+227%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,913,427Liabilities 2011: $55Net Assets 2011: $1,913,3722011Assets 2012: $1,965,995Liabilities 2012: $321Net Assets 2012: $1,965,6742012Assets 2013: $2,099,312Liabilities 2013: $336Net Assets 2013: $2,098,9762013Assets 2014: $2,225,412Liabilities 2014: $343Net Assets 2014: $2,225,0692014Assets 2015: $2,502,920Liabilities 2015: $608Net Assets 2015: $2,502,3122015Assets 2016: $2,692,259Liabilities 2016: $103Net Assets 2016: $2,692,1562016Assets 2017: $2,791,666Liabilities 2017: -$895Net Assets 2017: $2,792,5612017Assets 2018: $2,291,445Liabilities 2018: $0Net Assets 2018: $2,291,4452018Assets 2019: $2,368,232Liabilities 2019: $0Net Assets 2019: $2,368,2322019Assets 2020: $2,745,222Liabilities 2020: $206,509Net Assets 2020: $2,538,7132020Assets 2021: $3,249,668Liabilities 2021: $111,763Net Assets 2021: $3,137,9052021Assets 2022: $3,748,620Liabilities 2022: $0Net Assets 2022: $3,748,6202022Assets 2023: $4,494,916Liabilities 2023: $0Net Assets 2023: $4,494,9162023Assets 2024: $5,484,362Liabilities 2024: $200Net Assets 2024: $5,484,1622024Assets 2025: $6,165,869Liabilities 2025: $358Net Assets 2025: $6,165,5112025

Highlighted filing

2021

Assets$3,249,668
Liabilities$111,763
Net Assets$3,137,905
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2011: $412,9222011Expenses 2012: $424,6142012Expenses 2013: $468,8622013Revenue 2014: $655,555Expenses 2014: $529,462Net Income 2014: $126,0932014Revenue 2015: $786,170Expenses 2015: $509,783Net Income 2015: $276,3872015Revenue 2016: $730,744Expenses 2016: $543,681Net Income 2016: $187,0632016Revenue 2017: $823,097Expenses 2017: $722,692Net Income 2017: $100,4052017Revenue 2018: $1,003,261Expenses 2018: $841,443Net Income 2018: $161,8182018Revenue 2019: $867,714Expenses 2019: $837,839Net Income 2019: $29,8752019Revenue 2020: $1,023,009Expenses 2020: $855,115Net Income 2020: $167,8942020Revenue 2021: $1,521,313Expenses 2021: $972,603Net Income 2021: $548,7102021Revenue 2022: $1,748,907Expenses 2022: $1,002,603Net Income 2022: $746,3042022Revenue 2023: $2,197,698Expenses 2023: $1,450,494Net Income 2023: $747,2042023Revenue 2024: $2,078,079Expenses 2024: $1,190,751Net Income 2024: $887,3282024Revenue 2025: $1,641,190Expenses 2025: $1,016,942Net Income 2025: $624,2482025

Highlighted filing

2021

Revenue$1,521,313
Expenses$972,603
Net Income$548,710
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,521,313
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,538,713$3,137,905▲ $599,192
Savings and Temporary Cash Investments$2,135,310$2,365,989▲ $230,679
Cash and Non-Interest-Bearing Accounts$609,912$871,679▲ $261,767
Total Assets$2,745,222$3,249,668▲ $504,446
Other Assets Total-$12,000-
Liabilities
Other Liabilities$190,258--
Accounts Payable and Accrued Expenses$16,251$111,763▲ $95,512
Total Liabilities$206,509$111,763▼ $94,746
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,538,713$3,137,905▲ $599,192
Total Liabilities and Net Assets / Fund Balance$2,745,222$3,249,668▲ $504,446
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kim L HunterChairman & CPT$199,000$199,000
Kim L HunterChairman & CEO-$199,000$199,000

Board Members and Trustees

NameTitle
Andrew BleekerDirector
Anitra MarshDirector
Bill ImadaDirector
Craig BuchholzDirector
Dan BartlettDirector
Frank XshawDirector
Gail HeimannDirector
Greg AnthonyDirector
Jim WeissDirector
Juan-carlos Molleda PhdDirector
Kass SellsDirector
Katie Foley LoanilliDirector
Keith E WeaverDirector
Kejuan WilkinsDirector
Liz CastellsDirector
Matt NealeDirector
Peter McdermottDirector
Rob FlahertyDirector
Soon Mee KimDirector
Teresa HendersonDirector
Terri HinesDirector
Torod B NeptuneDirector
Virginia Bergin TenpennyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,450,095
Program Service Revenue
$0
Investment Income
$71,218
Other Revenue
$0
All Other Contributions
$1,450,095
Change in Net Assets
$548,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$411,854
Other Expenses$361,327
Grants and Similar Amounts Paid$199,422
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$325,485--$325,485
Grants to Domestic Individuals$199,422--$199,422
Conferences and Meetings$115,500--$115,500
Fees for Services Other$104,686$6,968-$111,654
Office Expenses$74,563$2,010-$76,573
Pension Plan Contributions$59,435--$59,435
Payroll Taxes$20,110--$20,110
Fees for Services Accounting-$8,893-$8,893
Other Employee Benefits$6,824--$6,824
Insurance$4,775--$4,775
Occupancy-$4,477-$4,477
Advertising$3,451--$3,451
Interest$2,812--$2,812
All Other Expenses$2,583--$2,583
Other Expenses$1,826--$1,826
Travel$979--$979
Information Technology$689--$689
Total Functional Expenses$950,255$22,348$0$972,603
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
The Lagrant GroupCorp Owned by CAllocation of OperatNo$60,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Final version of form 990 is mailed to each board member before it is filed”

Form 990, Page 6, Part VI, Line 12C

“Board of directors are required to disclose annually that they have reviewed proposed and ongoing transactions with the organization for conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“Organization officers are not compensated.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors sets compensation for key employees.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
The Lagrant Foundation
EIN
95-4657088
Phone
3234698680
Address
600 WILSHIRE BLVD SUITE 1610, LOS ANGELES, CA 90017

Signing Officer

Name
Kim L Hunter
Title
Chairman & CEO
Phone
3234698680
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim L Hunter
Formed
1998
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
0
Employees
3
Volunteers
30

Preparer

Firm
Rogers & Associates CPA
Address
1338 E CENTER COURT DR STE 203, COVINA, CA 91724-3681
Preparer
Ade Rogers CPA
Phone
6264801414
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Page 2, Part III, Line 4D

“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.”

Form 990, Part IX, Line 11G

“Bank fees 0 2,945 0 merchant services 0 4,023 0 payroll processing 688 0 0 contract labor 3,773 0 0 sponsorship 10,000 0 0 supplies 90,225 0 0 total 104,686 6,968 0”

Form 990, Part XI, Line 9

“OTHER DECREASES 0”

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3COLLEGE SCHOLARSHIPS
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,249,668
Liabilities
$111,763
Net assets
$3,137,905
Revenue
$1,521,313
Expenses
$972,603
Net income
$548,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.00$6.17$1.64$1.02$0.62
2024Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$2.08$1.19$0.89
2023Detailed filing. Detailed filing data is available for this year.$4.49$0.00$4.49$2.20$1.45$0.75
2022Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$1.75$1.00$0.75
2021Detailed filing. Detailed filing data is available for this year.$3.25$0.11$3.14$1.52$0.97$0.55
2020Detailed filing. Detailed filing data is available for this year.$2.75$0.21$2.54$1.02$0.86$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.87$0.84$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$1.00$0.84$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.82$0.72$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.73$0.54$0.19
2015Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.79$0.51$0.28
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.66$0.53$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.00$1.97$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.00$1.91$0.41