Laity Lodge Foundation FY2023 filing

Tax-deductible

Kerrville, TX501(c)(3)Since 1964ReligionEIN 74-1502152Revenue $6.1M in FY2023

On file with the IRS719 Earl Garrett St, 78028-3324 · Kerrville, TXTax-exempt since Jul 1965Publicly supported — 509(a)(2)

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

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.6M a year · 55% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $466K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$577K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
+14% vs prior year
Spent
$2.5M
To programs
94%
Net assets
$35.8M
By yearFY2020–FY2024
Revenue
$6.1M
FY2023▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$631K
FY2021$4.4M
FY2022$5.3M
FY2023$6.1M
FY2024$6.7M
Expenses
$2.5M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$995K
FY2021$1.8M
FY2022$2.4M
FY2023$2.5M
FY2024$2.7M
Net assets
$35.8M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.6M
FY2021$29.3M
FY2022$32.2M
FY2023$35.8M
FY2024$39.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $2.3M Management & general 6% · $141K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President, Serving as CEO
$0Pt VII · Sec A
Asst Secretary-Treasurer
$0Pt VII · Sec A
VP & Secretary-Treasurer
$0Pt VII · Sec A
See Laity Lodge Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers Christian camps for youth and families, fostering spiritual growth and well-being.

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Provided by the organization

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2 programs · $2.3M · in their own filed words · FY2023
01

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.

$1.5Mprogram expense
02

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…

$814Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$466K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$2.0M
Gifts and grantsLn 1h$726K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.3M
Managementcol C$141K
Owns and owesPt X
$35.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$36.4M
LiabilitiesLn 26$577K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$726K
Noncash giftsLn 1g$331K
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$26K
Gains on assetsLn 7$858K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$548K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$32.1M
Land, buildings, equipmentLn 10c$163K
Other assetsLn 15$4K
Total assetsLn 16$36.4M
LiabilitiesLn 26$577K
Net assetsLn 32$35.8M
OperationsPt I, VI
EmployeesI 5385
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.7M$3.9M
InvestmentsLn 11–13$28.8M$32.1M
Land, buildings, equipmentLn 10c$208K$163K
Total assetsLn 16$32.7M$36.4M
LiabilitiesLn 26$567K$577K
Net assetsLn 32$32.2M$35.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$806K$806K$0$0
Payroll taxesLn 10$61K$61K$0$0
Investment management feesLn 11f$52K$0$52K$0
Other fees for servicesLn 11g$138K$138K$0$0
Advertising and promotionLn 12$23K$23K$0$0
TravelLn 17$59K$59K$0$0
Conferences, conventions and meetingsLn 19$10K$10K$0$0
Depreciation, depletion and amortizationLn 22$73K$73K$0$0
InsuranceLn 23$7K$7K$0$0
Other expenses (24a–d)Ln 24$807K$718K$88K$0
All other expensesLn 24e$420K$420K$0$0
Total functional expensesLn 25$2.5M$2.3M$141K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.7M$2.7M$4.0M$39.8M 990 PDF
FY2023 Viewing $6.1M$2.5M$3.6M$35.8M 990 PDF
FY2022 $5.3M$2.4M$2.9M$32.2M 990 PDF
FY2021 $4.4M$1.8M$2.6M$29.3M 990 PDF
FY2020 $631K$995K−$365K$26.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $6,061,169 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $693,034$725,501
I-9 Program service revenuePrior year $3,085,683$3,298,332
I-10 Investment incomePrior year $1,487,381$2,010,884
I-11 Other revenuePrior year $53,803$26,452
I-12 Total revenuePrior year $5,319,901$6,061,169
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $862,927$866,871
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,555,675$1,588,951
I-18 Total expensesPrior year $2,418,602$2,455,822
I-19 Revenue less expensesPrior year $2,901,299$3,605,347
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,061,169 across 8 lines filed
Lines not itemized here account for $24,132 of total revenue; see the IRS return.
VIII-1d Related organizations$725,501
VIII-1g Noncash contributions (included above)$330,506
VIII-1h Total contributions, gifts and grants$725,501
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$3,298,332
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,153,029$1,153,029
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $857,855$857,855
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $2,320$2,320
VIII-12 Total revenueRelated to mission $3,298,332 · Unrelated business $0 · Excluded from tax $2,037,336$6,061,169
Part IX · Statement of functional expenses $2,455,822 across 11 lines filed
IX-7 Other salaries and wagesPrograms $805,988 · Management $0 · Fundraising $0$805,988
IX-10 Payroll taxesPrograms $60,883 · Management $0 · Fundraising $0$60,883
IX-11f Investment management feesPrograms $0 · Management $52,401 · Fundraising $0$52,401
IX-11g Other fees for servicesPrograms $138,423 · Management $0 · Fundraising $0$138,423
IX-12 Advertising and promotionPrograms $23,242 · Management $0 · Fundraising $0$23,242
IX-17 TravelPrograms $58,643 · Management $0 · Fundraising $0$58,643
IX-19 Conferences, conventions and meetingsPrograms $9,667 · Management $0 · Fundraising $0$9,667
IX-22 Depreciation, depletion and amortizationPrograms $73,314 · Management $0 · Fundraising $0$73,314
IX-23 InsurancePrograms $7,222 · Management $0 · Fundraising $0$7,222
IX-24 Other expenses (24a–d)Programs $718,357 · Management $88,154 · Fundraising $0$806,511
IX-24e All other expensesPrograms $419,528 · Management $0 · Fundraising $0$419,528
IX-25 Total functional expensesPrograms $2,315,267 · Management $140,555 · Fundraising $0$2,455,822
Part X · Balance sheet $36,353,076 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $699,178$547,796
X-2 Savings and temporary cash investmentsStart of year $2,956,681$3,306,518
X-4 Accounts receivableStart of year $35,491$111,924
X-8 Inventories for sale or useStart of year $45,689$49,253
X-9 Prepaid expenses and deferred chargesStart of year $0$30,437
X-10c Land, buildings and equipment, netStart of year $208,174$163,251
X-11 Publicly traded securitiesStart of year $27,790,443$31,066,692
X-12 Other securitiesStart of year $998,132$1,073,197
X-15 Other assetsStart of year $4,008$4,008
X-16 Total assetsStart of year $32,737,796$36,353,076
X-17 Accounts payable and accrued expensesStart of year $142,050$60,814
X-19 Deferred revenueStart of year $424,557$515,726
X-26 Total liabilitiesStart of year $566,607$576,540
X-27 Net assets without donor restrictionsStart of year $32,171,189$35,776,536
X-32 Total net assets or fund balancesStart of year $32,171,189$35,776,536
X-33 Total liabilities and net assetsStart of year $32,737,796$36,353,076
Part XI · Reconciliation of net assets $35,776,536 net assets at year end
XI-1 Total revenue$6,061,169
XI-2 Total expenses$2,455,822
XI-3 Revenue less expenses$3,605,347
XI-4 Net assets at start of year$32,171,189
XI-10 Net assets at end of year$35,776,536

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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