Layman Foundation EIN 62-0535344

Layman Foundation

EIN  62-0535344 Supporting organization Chattanooga, TN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports Christian education through work-study and agricultural programs.
Leadership
Steve Dickman · President
Money in and out
$603K revenue, $551K expenses
Bottom line
+9% net inflow

Supports Christian education through work-study and agricultural programs. For fiscal year 2024 it reported $603K in revenue, $551K in expenses, and $2.4M in net assets.Pt I

Money in and out · FY2024
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$551K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Net inflow
+9%
revenue over expenses, this year▲ +137% vs prior filing year
Pass-through gifts
66%
of revenue from contributions▼ -33% vs prior filing year
Program spending
92%
of expenses reach stated programs▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$603K
FY2024▲ +99%
Expenses
$551K
FY2024▲ +47%
Total assets
$2.5M
FY2024▲ +2%
Total liabilities
$21K
FY2024▲ +32%
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$551K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$2.5M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $506K of program spending, described in the organization's own filed words · FY2024.
01

Secondary education--us-funded various capital projects, debt reduction, operating needs, and other assistance to PROMOTE/SUPPORT christian education.

$506Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLayman Foundation
EINHdr · item D62-0535344
Principal addressHdr · item CChattanooga, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFJan 1927

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Layman Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$400K · 66%
Investment income$188K · 31%
Other revenue$15K · 2%
Contributions & grants66%$400K
Investment income31%$188K
Other revenue2%$15K
Total revenueLn 12$603K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$506K
Management & general8%$44K
Total functional expensesLn 25$551K

Balance Sheet

Part X · end of year
CashLn 1$620K
Total assetsLn 16$2.5M
Total liabilitiesLn 26$21K
Total net assetsLn 32$2.4M
Months of cash on handcomputed13.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $638K · Operating expenses/yr $551K
13.9 months
Where the money goes
Program services
Program services $506K · Total expenses $551K
92%
Management & General
Management & general $44K · Total expenses $551K
8%
Fundraising
Fundraising $0 · Total expenses $551K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $233K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $400K · Total revenue $603K
66%
Government reliance
Government grants — · Total revenue $603K
Earned-income share
Program service revenue $0 · Total revenue $603K
0%
Investment reliance
Investment income $188K · Total revenue $603K
+31%
Program self-sufficiency
Program service revenue $0 · Total expenses $551K
0%
Growth & trend
Revenue growth (YoY)
This year $603K · Prior year $303K
+99%
Revenue CAGR
FY2020 $133K · FY2024 $603K
+46%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $603K · Expenses $551K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
Net-asset ratio
Net assets $2.4M · Total assets $2.5M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.5M
1%
People & payroll
Highest Reported Total Compensation
Individual Steve Dickman · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $551K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $551K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 99%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$300K
Grants paid · 35 grants · $1.7M · 2020–2024
Fletcher Academy INCNC · FY2024$151,587
Heritage Academy INCTN · FY2024$125,397
Rural Life Foundation INCTN · FY2024$49,206
Weimar AcademyAR · FY2024$46,825
Oklahoma AcademyOK · FY2024$29,365
Ouachita Hills AcademyCA · FY2024$26,984
Castle Valley Academy INCUT · FY2024$17,460
Jefferson Christian AcademyTX · FY2024$16,667
Beacon AcademyTN · FY2024$9,524
Fletcher Academy INCNC · FY2023$102,841
Weimar AcademyAR · FY2023$36,364
Rural Life Foundation INCTN · FY2023$36,363
Heritage Academy INCTN · FY2023$25,568
Ouachita Hills AcademyCA · FY2023$20,455
Oklahoma AcademyOK · FY2023$20,455
See all 35 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$603K revenue · viewing · ⤓ 990 PDF
FY2023$303K revenue · ⤓ 990 PDF
FY2022$430K revenue · ⤓ 990 PDF
FY2021$527K revenue · ⤓ 990 PDF
FY2020$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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