Nonprofit · EIN 62-0535344
LAYMAN FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $603,256 | $550,666 | $52,590 | $2,461,080 | $20,771 | $2,440,309 |
| December 31, 2023 | 990 | $303,253 | $374,476 | -$71,223 | $2,402,748 | $15,752 | $2,386,996 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,000
- Program service revenue
- $0
- Investment income
- $188,237
- Net gain from sales of assets
- $160,129
- Other revenue
- $15,019
Expenses
- Grants and similar amounts paid
- $500,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $850
- Accounting fees
- $7,126
- Depreciation
- $5,633
- Program services (functional)
- $506,390
- Management and general (functional)
- $44,276
Balance sheet and other
- Total assets, start of year
- $2,402,748
- Total assets, end of year
- $2,461,080
- Total liabilities, end of year
- $20,771
- Net assets, end of year
- $2,440,309
- Land, buildings and equipment
- $1,817,725
- Publicly traded securities
- $18,550
- Net assets without donor restrictions
- $2,440,309
- Gross receipts
- $743,127
- Employees
- 0
- Year formed
- 1924
- State of legal domicile
- TN
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 |
|---|---|---|---|
| STEVE DICKMAN | PRESIDENT Trustee or director, Officer | – | $0 |
| CHESTER CLARK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| RON OXENTENKO | SECRETARY/TR Trustee or director, Officer | – | $0 |
| ALBERT DITTES | BOARD MEMBER Trustee or director | – | $0 |
| CHARLENE RODMAN | BOARD MEMBER Trustee or director | – | $0 |
| WANDA SARR | BOARD MEMBER Trustee or director | – | $0 |
| DEBBIE BAKER | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE DICKMAN | PRESIDENT Trustee or director, Officer | – | $0 |
| CHESTER CLARK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| RON OXENTENKO | SECRETARY/TR Trustee or director, Officer | – | $0 |
| ROBERT D ZOLLINGER | BOARD MEMBER Trustee or director | – | $0 |
| ALBERT DITTES | BOARD MEMBER Trustee or director | – | $0 |
| CHARLENE RODMAN | BOARD MEMBER Trustee or director | – | $0 |
| WANDA SARR | BOARD MEMBER Trustee or director | – | $0 |
| JESSE ZWICKER | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 6131 SHALLOWFORD RD STE 101, CHATTANOOGA, TN 37421-7807
- Principal officer (990 for 2024)
- RON OXENTENKO
- Signed the 990
- RON OXENTENKO, SECRETARY/TREASURER
- Phone
- (423) 643-4080
- Return prepared by
- RUHLING & ASSOCIATES CPAS
Mission
PROMOTE/SUPPORT CHRISTIAN EDUCATION WITH WORK STUDY/AGRICULTURAL EMPHASIS.
Program accomplishments
- SECONDARY EDUCATION--US-FUNDED VARIOUS CAPITAL PROJECTS, DEBT REDUCTION, OPERATING NEEDS, AND OTHER ASSISTANCE TO PROMOTE/SUPPORT CHRISTIAN EDUCATION.Expenses $506,390 · grants $500,000
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
- 62-0535344
- 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
- 1927
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $2,461,080
- Income (IRS master file)
- $743,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $603,256 | $550,666 | $2,461,080 | XML |
| 990 | December 2023 | $303,253 | $374,476 | $2,402,748 | XML |
| 990 | December 2022 | $429,563 | $393,598 | $2,480,804 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 62-0535344).
Questions about LAYMAN FOUNDATION
- What is the EIN of LAYMAN FOUNDATION?
- The employer identification number (EIN) of LAYMAN FOUNDATION is 62-0535344.
- Is LAYMAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1927.
- Are donations to LAYMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LAYMAN FOUNDATION 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 LAYMAN FOUNDATION 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 LAYMAN FOUNDATION 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 LAYMAN FOUNDATION?
- The 990 for the year ended December 31, 2024 names RON OXENTENKO.
- Who are the officers and directors of LAYMAN FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAYMAN FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $603,256, expenses of $550,666 and total assets of $2,461,080 at year end.
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