The Lagrant Foundation FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Foundations & GrantmakersEIN 95-4657088Revenue $1.5M in FY2021

On file with the IRSlagrantfoundation.org600 Wilshire Blvd, 90017-3212 · Los Angeles, CATax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$199K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $711K a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
40 mo
of spending, in cash
Looks good: 39.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $45K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$112K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 24 voting members
Concern: none of 24 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$973K
To programs
98%
Net assets
$3.1M
By yearFY2021–FY2025
Revenue
$1.5M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$1.7M
FY2023$2.2M
FY2024$2.1M
FY2025$1.6M
Expenses
$973K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$973K
FY2022$1.0M
FY2023$1.5M
FY2024$1.2M
FY2025$1.0M
Net assets
$3.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.1M
FY2022$3.7M
FY2023$4.5M
FY2024$5.5M
FY2025$6.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $950K Management & general 2% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairman & C
$199,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kim L Hunter’s $175K as Chairman & C is at the 74th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kim L Hunter$175,000$125,000$250,000$223,047$199,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports minority students in communication fields with academic and professional development.

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Provided by the organization

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1 program · $950K · in their own filed words · FY2020
01

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.

$950Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 9 grants · $925K · 2020–2024
Unitemized GrantFY2024$146,250
Unitemized GrantFY2023$168,000
Unitemized GrantFY2022$230,750
Unitemized GrantFY2022$750
Unitemized GrantFY2021$174,850
Unitemized GrantFY2021$4,750
Unitemized GrantFY2020$171,875
Unitemized GrantFY2020$26,257
Unitemized GrantFY2020$1,290

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$71K
Money outPt IX
$973K
Ln 25
Programscol B$950K
Managementcol C$22K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$3.2M
LiabilitiesLn 26$112K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$71K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$872K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$3.2M
Other assetsLn 15$12K
Total assetsLn 16$3.2M
LiabilitiesLn 26$112K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.7M$3.2M
Total assetsLn 16$2.7M$3.2M
LiabilitiesLn 26$207K$112K
Net assetsLn 32$2.5M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$199K$199K
Other salaries and wagesLn 7$325K$325K
Pension plan contributionsLn 8$59K$59K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$20K$20K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$112K$105K$7K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$77K$75K$2K
Information technologyLn 14$689$689
OccupancyLn 16$4K$4K
TravelLn 17$979$979
Conferences, conventions and meetingsLn 19$116K$116K
InterestLn 20$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$973K$950K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.0M$624K$6.2M 990 PDF
FY2024 $2.1M$1.2M$887K$5.5M 990 PDF
FY2023 $2.2M$1.5M$747K$4.5M 990 PDF
FY2022 $1.7M$1.0M$746K$3.7M 990 PDF
FY2021 Viewing $1.5M$973K$549K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,521,313 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $981,262$1,450,095
I-9 Program service revenue$0
I-10 Investment incomePrior year $41,747$71,218
I-11 Other revenue$0
I-12 Total revenuePrior year $1,023,009$1,521,313
I-13 Grants and similar amounts paidPrior year $200,830$199,422
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $339,162$411,854
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $315,123$361,327
I-18 Total expensesPrior year $855,115$972,603
I-19 Revenue less expensesPrior year $167,894$548,710
Part VI · Governance 0 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,521,313 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,450,095
VIII-1h Total contributions, gifts and grants$1,450,095
VIII-3 Investment incomeExcluded from tax $71,218$71,218
VIII-12 Total revenueExcluded from tax $71,218$1,521,313
Part IX · Statement of functional expenses $972,603 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $199,422$199,422
IX-7 Other salaries and wagesPrograms $325,485$325,485
IX-8 Pension plan contributionsPrograms $59,435$59,435
IX-9 Other employee benefitsPrograms $6,824$6,824
IX-10 Payroll taxesPrograms $20,110$20,110
IX-11c Accounting feesManagement $8,893$8,893
IX-11g Other fees for servicesPrograms $104,686 · Management $6,968$111,654
IX-12 Advertising and promotionPrograms $3,451$3,451
IX-13 Office expensesPrograms $74,563 · Management $2,010$76,573
IX-14 Information technologyPrograms $689$689
IX-16 OccupancyManagement $4,477$4,477
IX-17 TravelPrograms $979$979
IX-19 Conferences, conventions and meetingsPrograms $115,500$115,500
IX-20 InterestPrograms $2,812$2,812
IX-23 InsurancePrograms $4,775$4,775
IX-24 Other expenses (24a–d)Programs $28,941$28,941
IX-24e All other expensesPrograms $2,583$2,583
IX-25 Total functional expensesPrograms $950,255 · Management $22,348 · Fundraising $0$972,603
Part X · Balance sheet $3,249,668 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $609,912$871,679
X-2 Savings and temporary cash investmentsStart of year $2,135,310$2,365,989
X-15 Other assets$12,000
X-16 Total assetsStart of year $2,745,222$3,249,668
X-17 Accounts payable and accrued expensesStart of year $16,251$111,763
X-26 Total liabilitiesStart of year $206,509$111,763
X-32 Total net assets or fund balancesStart of year $2,538,713$3,137,905
X-33 Total liabilities and net assetsStart of year $2,745,222$3,249,668
Part XI · Reconciliation of net assets $3,137,905 net assets at year end
XI-1 Total revenue$1,521,313
XI-2 Total expenses$972,603
XI-3 Revenue less expenses$548,710
XI-4 Net assets at start of year$2,538,713
XI-5 Net unrealized gains (losses) on investments$50,482
XI-10 Net assets at end of year$3,137,905

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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