THE DOUGLAS AND FRANCES LANIER FOUNDATION INC

EIN: 460782584 501(c)(3) Education

Gulfport, MS

Total Revenue
$1,085,264
Total Expenses
$96,792
Total Assets
$2,034,289
Net Assets
$2,034,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MS
Principal Officer
Douglas C Lanier
Phone
2282238534
Tax Period
2025-01-01 to 2025-12-31

THE DOUGLAS AND FRANCES LANIER FOUNDATION INC, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2025. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $988K, a strong 91% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $63,811 Revenue: $301,648

Educational Scholarships

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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 (2025)

Revenue Breakdown

Contributions & Grants $301,648
Program Service Revenue $0
Investment Income $783,616
Other Revenue $0
TOTAL REVENUE $1,085,264

Expense Breakdown

Grants Paid $41,095
Salaries & Benefits $34,500
Fundraising Expenses $0
Program Expenses $63,811
Other Expenses $21,197
TOTAL EXPENSES $96,792

Year-over-Year Comparison

2025 2024 Change
Revenue $1,085,264 $486,469 +1.2%
Expenses $96,792 $195,729 -0.5%
Net Income $988,472 $290,740 +2.4%
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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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
$34,500
Total Directors
7
$34,500
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
$16,500 $0 $16,500
Douglas C Lanier Jr Vice President 10.00
Officer Director
$0 $0 $0
Kelly Lanier Treasurer/Secretary 8.00
Officer Director
$18,000 $0 $18,000
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
2025 $1,085,264 $96,792 $2,034,289 $988,472
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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