THE DOUGLAS AND FRANCES LANIER FOUNDATION INC

EIN: 460782584 501(c)(3) Education

Gulfport, MS

Total Revenue
$486,469
Total Expenses
$195,729
Total Assets
$1,634,931
Net Assets
$1,634,931
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MS
Principal Officer
Douglas C Lanier
Phone
2282238534
Tax Period
2024-01-01 to 2024-12-31

THE DOUGLAS AND FRANCES LANIER FOUNDATION INC, founded in 2012, is a small nonprofit in the Education sector that reported $486K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 60% operating margin.

Mission

The Foundations mission is to provide scholarships to students in the United States.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $355,270
Program Service Revenue $0
Investment Income $131,199
Other Revenue $0
TOTAL REVENUE $486,469

Expense Breakdown

Grants Paid $146,900
Salaries & Benefits $31,500
Fundraising Expenses $0
Program Expenses $166,737
Other Expenses $17,329
TOTAL EXPENSES $195,729

Year-over-Year Comparison

2024 2023 Change
Revenue $486,469 $354,519 +0.4%
Expenses $195,729 $112,119 +0.7%
Net Income $290,740 $242,400 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$31,500
Total Directors
7
$31,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Blair E Seegers President 8.00
Officer Director
$15,750 $0 $15,750
Douglas C Lanier Jr Vice President 10.00
Officer Director
$0 $0 $0
Kelly Lanier Webb Treasurer/Secretary 8.00
Officer Director
$15,750 $0 $15,750
Ben Galloway Director 2.00
Director
$0 $0 $0
Joseph O'Gorman Director 2.00
Director
$0 $0 $0
Jonelle Meadows Director 2.00
Director
$0 $0 $0
Benita Hughes Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $486,469 $195,729 $1,634,931 $290,740
2023 $354,519 $112,119 $1,207,674 $242,400
2022 $179,404 $39,716 $791,154 $139,688
2021 $63,026 $53,397 $781,266 $9,629
2020 $1,198,565 $174,773 $703,020 $1,023,792
2019 $324,011 $571,925 $88,564 $-247,914
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