Layne Foundation A Corp
- Assets
- $57.6m
- Revenue
- $1.5m
- Investments
- $45.3m
- Employees
- 0
- Location
- Rancho Palos Verdes, CA
- Founding
- 05/1930
- Data as of
- 12/2022
- EIN
- 95-1765157
Organization Overview
Layne Foundation A Corp is located in Rancho Palos Verdes, CA. The organization was established in 1930. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Layne Foundation A Corp 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 12/2022, Layne Foundation A Corp generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $240.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley M Mason President | 43 | $160,000 | |
Lowell L Semans Vice President | 6 | $22,900 | |
Paul R Nelson Treasurer | 4 | $13,000 | |
Chad C Wilcox Director | 2 | $6,000 | |
Michael A Peterson Director | 2 | $6,000 | |
Scott L Semans Director | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| Dividends & Interest | $1,132,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $251,116 |
| Capital Gain Net Income | $251,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84,485 |
| Total Revenue | $1,468,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $213,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,220 |
| Interest | $0 |
| Taxes | $821 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,719 |
| Total operating and administrative expenses | $240,660 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $240,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,271,859 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,339,548 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,611,407 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |