Laymen's Retreat League
- Assets
- $7.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Malvern, PA
- Founding
- Data as of
- 12/2022
- EIN
- 23-1365371
Organization Overview
Laymen's Retreat League, operating under the name Malvern Retreat House, is located in Malvern, PA. As of 12/2022, Malvern Retreat House employed 118 individuals. Malvern Retreat House is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES RELIGIOUS RETREATS TO MEN, WOMEN, MARRIED COUPLES, STUDENTS, RELIGIOUS AND LAY ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Norton President | Officer | 40 | $115,963 |
Sarah Christmyer Secretary | OfficerTrustee | 2 | $0 |
Mary Bea Damico Board Member | Trustee | 2 | $0 |
Jacqueline J Delaney Immediate Past Chair | OfficerTrustee | 2 | $0 |
Carmen M Dipasquale Board Member | Trustee | 2 | $0 |
Michael Dokas Asst. Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,126 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $582,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,032,635 |
| Total Program Service Revenue | $2,683,037 |
| Investment income | $11,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,564 |
| Net Gain/Loss on Asset Sales | $58,413 |
| Net Income from Fundraising Events | $99,864 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,896,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,502 |
| Compensation of current officers, directors, key employees. | $42,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,393 |
| Payroll taxes | $103,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,965 |
| Fees for services: Accounting | $28,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,245 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,919 |
| Insurance | $0 |
| All other expenses | $210,627 |
| Total functional expenses | $3,858,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,579 |
| Accounts receivable, net | $26,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,733,872 |
| Investments—publicly traded securities | $2,325,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,207 |
| Total assets | $7,822,783 |
| Accounts payable and accrued expenses | $120,643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,243,652 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,665 |
| Total liabilities | $1,482,960 |
| Net assets without donor restrictions | $5,219,718 |
| Net assets with donor restrictions | $1,120,105 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,822,783 |