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Nonprofiteer
← LAITY LODGE FOUNDATION

Form 990 for tax year 2023

Filed by LAITY LODGE FOUNDATION.

Totals

Total revenue
$6,061,169
Total expenses
$2,455,822
Contributions and grants received
$725,501
Grants paid
$0
Program service revenue
$3,298,332
Investment income
$2,010,884
Other revenue
$26,452
Total assets, end of year
$36,353,076
Total liabilities, end of year
$576,540
Net assets or fund balances, end of year
$35,776,536
Program services expenses (Part IX)
$2,315,267
Management and general expenses
$140,555
Fundraising expenses
$0
Program service expenses (Part III)
$2,315,267

Program services were 94.3% 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.

  • 1d · Related organizations

    $725,501

  • 1g · Noncash contributions included above

    $330,506

  • 2a · Program service revenue: Registration Fees

    total $3,298,332 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,153,029 · unrelated business $0 · excluded $1,153,029

  • 7a · Gross sales of assets other than inventory

    securities $3,819,822 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $2,961,967

  • 7c · Gain or loss

    securities $857,855 · other assets $0

  • 7d · Net gain or loss

    total $857,855 · related or exempt $0 · unrelated business $0 · excluded $857,855

  • 10a · Gross sales of inventory

    $181,215

  • 10b · Cost of goods sold

    $157,083

  • 10c · Net income from sales of inventory

    total $24,132 · excluded $24,132

  • 11a · Other revenue: Miscellaneous Income

    total $2,320 · related or exempt $0 · unrelated business $0 · excluded $2,320

  • 11e · Other revenue, total

    $2,320

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $805,988 · program services $805,988 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $60,883 · program services $60,883 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $52,401 · program services $0 · management and general $52,401 · fundraising $0

  • 11g · Fees: other

    total $138,423 · program services $138,423 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $23,242 · program services $23,242 · management and general $0 · fundraising $0

  • 17 · Travel

    total $58,643 · program services $58,643 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $9,667 · program services $9,667 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $73,314 · program services $73,314 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,222 · program services $7,222 · management and general $0 · fundraising $0

  • 24a · Other expenses: Activities/Program

    total $204,721 · program services $204,721 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank/Credit Card Fees

    total $88,154 · program services $0 · management and general $88,154 · fundraising $0

  • 24c · Other expenses: Laundry

    total $27,824 · program services $27,824 · management and general $0 · fundraising $0

  • 24d · Other expenses: Food/Groceries

    total $485,812 · program services $485,812 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $419,528 · program services $419,528 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $699,178 · end of year $547,796

  • 2 · Savings and temporary cash investments

    beginning of year $2,956,681 · end of year $3,306,518

  • 4 · Accounts receivable

    beginning of year $35,491 · end of year $111,924

  • 8 · Inventories for sale or use

    beginning of year $45,689 · end of year $49,253

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $30,437

  • 10a · Land, buildings and equipment: cost or other basis

    $1,202,759

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,039,508

  • 10c · Land, buildings and equipment, net

    beginning of year $208,174 · end of year $163,251

  • 11 · Investments: publicly traded securities

    beginning of year $27,790,443 · end of year $31,066,692

  • 12 · Investments: other securities

    beginning of year $998,132 · end of year $1,073,197

  • 15 · Other assets

    beginning of year $4,008 · end of year $4,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,050 · end of year $60,814

  • 19 · Deferred revenue

    beginning of year $424,557 · end of year $515,726

  • 27 · Net assets without donor restrictions

    beginning of year $32,171,189 · end of year $35,776,536

Mission and programs · 2023

Mission

Operates a Christian youth camp and family camp focusing on spiritual formation and healthy children and families.

  • Provided a programmed ecumenical Christian youth camp for ages 7-16. Over 1,546 campers attended the summer of 2023 with a staff of almost 350 counselors and programmers. A grant from Laity Renewal Foundation allowed 161 youth to attend a one-week or two-week camp session at a discount or free of charge based on financial need.

    Expenses $1,501,607 · Revenue $2,652,380

  • Provided a programmed ecumenical Christian family camp. 959 families attended weekend and summer weeklong retreats in 2023. A grant from Laity Renewal Foundation provided financial assistance for 465 families to attend fully programmed Family Camp retreats, including serving families through relationships with area nonprofits that provide quality human service programs for disenfranchised families.

    Expenses $813,660 · Revenue $645,952

As filed on the 2023 return.

Listed in Part VII

  • David M Rogers

    President, serving as CEO

    Total calculated
    $369,081
    From this org
    $0
    From related orgs
    $331,900
    Other
    $37,181
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $331,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,381 related
    Filer's total
    $0 + $369,081 related

  • Janice S Flynn

    Asst Secretary-Treasurer

    Total calculated
    $453,933
    From this org
    $0
    From related orgs
    $408,858
    Other
    $45,075
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $408,858 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $25,275 related
    Filer's total
    $0 + $453,933 related

  • Deborah Butt Rogers

    VP & Secretary-Treasurer

    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

The filer's explanations (Part III)

Pt I Line 3
Compensation is set and paid by the H. E. Butt Foundation.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202412289349301536

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