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← LAITY RENEWAL FOUNDATION

Form 990 for tax year 2022

Filed by LAITY RENEWAL FOUNDATION.

Totals

Total revenue
$1,666,576
Total expenses
$1,682,659
Contributions and grants received
$590,341
Grants paid
$696,997
Program service revenue
$301,359
Investment income
$768,051
Other revenue
$6,825
Total assets, end of year
$18,822,229
Total liabilities, end of year
$239,284
Net assets or fund balances, end of year
$18,582,945
Program services expenses (Part IX)
$1,448,238
Management and general expenses
$128,784
Fundraising expenses
$105,637
Program service expenses (Part III)
$1,448,238

Program services were 86.1% 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

    $69,444

  • 1f · All other contributions, gifts and grants

    $520,897

  • 1g · Noncash contributions included above

    $69,444

  • 2a · Program service revenue: Registration Revenue

    total $301,359 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $445,214 · unrelated business $0 · excluded $445,214

  • 7a · Gross sales of assets other than inventory

    securities $2,410,346

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

    securities $2,087,509

  • 7c · Gain or loss

    securities $322,837

  • 7d · Net gain or loss

    total $322,837 · related or exempt $0 · unrelated business $0 · excluded $322,837

  • 10a · Gross sales of inventory

    $16,034

  • 10b · Cost of goods sold

    $11,139

  • 10c · Net income from sales of inventory

    total $4,895 · excluded $4,895

  • 11a · Other revenue: Facitities Usage Fee

    total $1,930 · related or exempt $0 · unrelated business $0 · excluded $1,930

  • 11e · Other revenue, total

    $1,930

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $696,997 · program services $696,997

  • 11a · Fees: management

    total $84,486 · program services $84,486 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $4,467 · program services $4,467 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $45,313 · program services $45,244 · management and general $0 · fundraising $69

  • 17 · Travel

    total $32,224 · program services $32,224 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $9,362 · program services $9,362 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $149,076 · program services $20,292 · management and general $128,784 · fundraising $0

  • 23 · Insurance

    total $1,503 · program services $0 · management and general $0 · fundraising $1,503

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

    total $8,092 · program services $6,399 · management and general $0 · fundraising $1,693

  • 24b · Other expenses: Repairs & Maint

    total $251,593 · program services $251,593 · management and general $0 · fundraising $0

  • 24c · Other expenses: Food & Groceries

    total $73,062 · program services $73,062 · management and general $0 · fundraising $0

  • 24d · Other expenses: Laundry

    total $8,995 · program services $8,995 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $317,489 · program services $215,117 · management and general $0 · fundraising $102,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,954 · end of year $250,959

  • 2 · Savings and temporary cash investments

    beginning of year $2,039,503 · end of year $1,574,096

  • 3 · Pledges and grants receivable

    beginning of year $222,417 · end of year $70,500

  • 4 · Accounts receivable

    beginning of year $33,651 · end of year $20,949

  • 8 · Inventories for sale or use

    beginning of year $27,456 · end of year $27,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $3,043,244

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

    $1,669,948

  • 10c · Land, buildings and equipment, net

    beginning of year $1,497,420 · end of year $1,373,296

  • 11 · Investments: publicly traded securities

    beginning of year $12,746,490 · end of year $14,545,668

  • 12 · Investments: other securities

    beginning of year $2,130,613 · end of year $772,360

  • 15 · Other assets

    beginning of year $186,500 · end of year $186,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $429,026 · end of year $199,800

  • 19 · Deferred revenue

    beginning of year $12,950 · end of year $39,484

  • 27 · Net assets without donor restrictions

    beginning of year $12,104,350 · end of year $12,110,902

  • 28 · Net assets with donor restrictions

    beginning of year $6,494,678 · end of year $6,472,043

Mission and programs · 2022

Mission

Cultivating wholeness in people and institutions for the transformation of communities, focusing on spiritual formation and health in families and children.

  • Operation of an ecumenical Christian retreat center, named Laity Lodge, that focuses on cultivating wholeness in people and institutions for the transformation of communities. In 2022, Laity Lodge hosted 705 guests in 32 separate retreat events.

    Expenses $828,466 · Revenue $301,359

  • Grants to support affiliated organizations in furtherance of a shared mission to cultivate wholeness in people and institutions for the transformation of communities. Grants to Laity Lodge Foundation allowed 154 families to attend weekend retreats at LLFC, Grants also allowed 148 youth to attend a one-week or two-week camp session at a discount or free of charge based on financial need.

    Expenses $619,772 · Grants $619,772

As filed on the 2022 return.

Listed in Part VII

  • David M Rogers

    President, serving as CEO

    Total calculated
    $345,264
    From this org
    $0
    From related orgs
    $309,280
    Other
    $35,984
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $309,280 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $17,684 related
    Filer's total
    $0 + $345,264 related

  • Deborah Butt Rogers

    VP & Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Janice S Flynn

    Asst Secretary-Treasury

    Total calculated
    $421,486
    From this org
    $0
    From related orgs
    $378,407
    Other
    $43,079
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $378,407 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $24,779 related
    Filer's total
    $0 + $421,486 related

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
Laity Renewal Foundation does not pay salaries to the CEO, Executive Directors, or top management officals. In addition Laity Renewal Foundation does not pay salaries to other key employees of the organization. The President/CEO and Assistant Secretary-Treasurer/CFO are paid salaries by a related organization. The related organization has recently performed an independent review of salaries using an experience compensation consultant. The related organization also uses professionally prepared comparability data to assist in the determination of compensation. Compensation is reviewed annually by the Senior Director of Human Resources and the CFO. Compensation is approved by the President/CEO.

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

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
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202332299349301308

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