Nonprofit · EIN 51-0152273
LAY ENDOWNENT FUND
Tax-exempt · MINNEAPOLIS, MN 55403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $587,343 | $62,370 | $524,973 | $6,812,142 | $0 | $6,812,142 |
| December 31, 2023 | 990 | $222,015 | $91,274 | $130,741 | $6,293,776 | $0 | $6,293,776 |
| December 31, 2021 | 990 | $626,112 | $124,352 | $501,760 | $5,951,538 | $0 | $5,951,538 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $586,697
- Net gain from sales of assets
- $423,048
- Other revenue
- $646
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,710
- Management and general (functional)
- $62,370
Balance sheet and other
- Total assets, start of year
- $6,293,776
- Total assets, end of year
- $6,812,142
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,812,142
- Publicly traded securities
- $6,574,701
- Gross receipts
- $3,200,776
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1920
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT CABALKA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES MIRICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE HOLDEN | TREASURER Trustee or director, Officer | 1 | $0 |
| HARLAN PAETZNICK | SECRETARY Trustee or director, Officer | 1 | $0 |
| GARY HAUGEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES NARR | DIRECTOR Trustee or director | 1 | $0 |
| GAIL ONAN | DIRECTOR Trustee or director | 1 | $0 |
| GINGER SISCO | DIRECTOR Trustee or director | 1 | $0 |
| JAMES STEPHENSON | DIRECTOR Trustee or director | 1 | $0 |
| MARLA TIPPING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT CABALKA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES MIRICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE HOLDEN | TREASURER Trustee or director, Officer | 1 | $0 |
| HARLAN PAETZNICK | SECRETARY Trustee or director, Officer | 1 | $0 |
| GARY HAUGEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES NARR | DIRECTOR Trustee or director | 1 | $0 |
| GAIL ONAN | DIRECTOR Trustee or director | 1 | $0 |
| GINGER SISCO | DIRECTOR Trustee or director | 1 | $0 |
| JAMES STEPHENSON | DIRECTOR Trustee or director | 1 | $0 |
| MARLA TIPPING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2021: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT CABALKA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES MIRICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| FRED BLAISDELL | TREASURER Trustee or director, Officer | 1 | $0 |
| HARLAN PAETZNICK | SECRETARY Trustee or director, Officer | 1 | $0 |
| GARY HAUGEN | DIRECTOR Trustee or director | 1 | $0 |
| GINGER SISCO | DIRECTOR Trustee or director | 1 | $0 |
| JAMES STEPHENSON | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HOLDEN | DIRECTOR Trustee or director | 1 | $0 |
| GAIL ONAN | DIRECTOR Trustee or director | 1 | $0 |
| MARLA TIPPING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 511 GROVELAND AVE, MINNEAPOLIS, MN 55403-3223
- In care of
- % FIRST NATIONAL BANK OF MINNEAPOLI
- Principal officer (990 for 2024)
- SCOTT CABALKA, 511 GROVELAND AVENUE, MINNEAPOLIS, MN 55403
- Signed the 990
- SCOTT CABALKA, PRESIDENT
- Phone
- (612) 710-6946
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
Mission
THE MISSION OF THE LAY ENDOWMENT FUND IS TO PROVIDE FINANCIAL SUPPORT OF HENNEPIN AVENUE UNITED METHODIST CHURCH (HAUMC) AND OTHER ORGANIZATIONS WHOSE ACTIVITIES CARRY OUT THE PURPOSE OF HAUMC.
Program accomplishments
- THE MISSION OF THE LAY ENDOWMENT FUND IS TO PROVIDE FINANCIAL SUPPORT OF HENNEPIN AVENUE UNITED METHODIST CHURCH (HAUMC) AND OTHER ORGANIZATIONS WHOSE ACTIVITIES CARRY OUT THE PURPOSE OF HAUMC.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0152273
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1922
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y35Z)
- Assets (IRS master file)
- $6,812,142
- Income (IRS master file)
- $3,200,776
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $587,343 | $62,370 | $6,812,142 | XML |
| 990 | December 2023 | $222,015 | $91,274 | $6,293,776 | XML |
| 990 | December 2022 | $297,571 | $67,052 | $6,171,223 | IRS |
| 990 | December 2021 | $626,112 | $124,352 | $5,951,538 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0152273).
Questions about LAY ENDOWNENT FUND
- What is the EIN of LAY ENDOWNENT FUND?
- The employer identification number (EIN) of LAY ENDOWNENT FUND is 51-0152273.
- Is LAY ENDOWNENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1922.
- Are donations to LAY ENDOWNENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LAY ENDOWNENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAY ENDOWNENT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAY ENDOWNENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAY ENDOWNENT FUND?
- The 990 for the year ended December 31, 2024 names SCOTT CABALKA.
- Who are the officers and directors of LAY ENDOWNENT FUND?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does LAY ENDOWNENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $587,343, expenses of $62,370 and total assets of $6,812,142 at year end.
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