Layman Foundation

Organization Overview

Layman Foundation is located in Chattanooga, TN. The organization was established in 1927. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Layman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Layman Foundation generated $526.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.9% each year . All expenses for the organization totaled $523.0k during the year ending 12/2021. While expenses have increased by 23.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Layman Foundation has awarded 17 individual grants totaling $634,008. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE/SUPPORT CHRISTIAN EDUCATION WITH WORK STUDY/AGRICULTURAL EMPHASIS.

Describe the Organization's Program Activity:

SECONDARY EDUCATION--US-FUNDED VARIOUS CAPITAL PROJECTS, DEBT REDUCTION, OPERATING NEEDS, AND OTHER ASSISTANCE TO PROMOTE/SUPPORT CHRISTIAN EDUCATION.


INSURANCE ON SCHOOLS LAND


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Board, Officers & Key Employees

Name (title)Compensation
Steve Dickman
President
$0
Chester Clark
Vice Preside
$0
Ron Oxentenko
Secretary/tr
$0
Robert D Zollinger
Board Member
$0
Albert Dittes
Board Member
$0
Jesse Zwicker
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$150,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$150,000
Total Program Service Revenue$0
Investment income $1,340
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$71,874
Net Gain/Loss on Asset Sales $444,329
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $526,795

Grants Awarded

Over the last fiscal year, Layman Foundation has awarded $439,608 in support to 9 organizations.

Grant RecipientAmount

Fletcher, NC

PURPOSE: OPERATING/CAPITAL

$300,000

Fletcher, NC

PURPOSE: SCHOLARSHIP FUNDS

$56,813

Amity, AR

PURPOSE: SCHOLARSHIP FUNDS

$18,707

RURAL LIFE FOUNDATION DBA HARBERT

Org PageRecipient Profile

Savannah, TN

PURPOSE: SCHOLARSHIP FUNDS

$14,550

Monterey, TN

PURPOSE: SCHOLARSHIP FUNDS

$13,510

LAURELBROOK SANITARIUM & SCHOOL

Org PageRecipient Profile

Dayton, TN

PURPOSE: SCHOLARSHIP FUNDS

$11,778
View Grant Profile

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