Nonprofit · EIN 87-2737376
LAYGEND FOUNDATION
Tax-exempt · RCHO SANTA FE, CA 92067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $17,759,962 | $18,997,621 | -$1,237,659 | $113,167,408 | $17,401,188 | $95,766,220 |
| December 31, 2023 | 990-PF | $674,230 | $7,540,713 | -$6,866,483 | $128,639,003 | $570 | $128,638,433 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $325,379
- Interest
- $468,662
- Net gain from sales of assets
- $16,965,921
Expenses
- Grants and similar amounts paid
- $18,740,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $18,740,000
- Excise tax on investment income
- $246,832
Balance sheet and other
- Total assets, start of year
- $128,639,003
- Total assets, end of year
- $113,167,408
- Total liabilities, end of year
- $17,401,188
- Net assets, end of year
- $95,766,220
- Fair market value of assets
- $113,167,408
- Qualifying distributions
- $18,740,000
- Net investment income
- $17,759,962
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENG-GUANG LAY PO BOX 676328, RANCHO SANTA FE, CA 92067 | PRESIDENT & CEO | 3 | $0 |
| NAN JIANG PO BOX 9923, RANCHO SANTA FE, CA 92067 | SECRETARY | 0.25 | $0 |
| MINTSEN CHEN PO BOX 7262, RANCHO SANTA FE, CA 92067 | TREASURER | 3 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENG-GUANG LAY PO BOX 676328, RANCHO SANTA FE, CA 92067 | President & CEO | 3 | $0 |
| NAN JIANG PO BOX 9923, RANCHO SANTA FE, CA 92067 | Secretary | 0.25 | $0 |
| MINTSEN CHEN PO BOX 7262, RANCHO SANTA FE, CA 92067 | Treasurer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 676328, RCHO SANTA FE, CA 92067-6328
- In care of
- % BRIAN P TSU
- Signed the 990-PF
- JENG-GUANG LAY, PRESIDENT&CEO
- Phone
- (858) 231-1448
- Return prepared by
- EISNER ADVISORY GROUP LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2737376 or by the name LAYGEND FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-2737376
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $113,167,408
- Income (IRS master file)
- $17,759,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $17,759,962 | $18,997,621 | $113,167,408 | XML |
| 990-PF | December 2023 | $674,230 | $7,540,713 | $128,639,003 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-2737376).
Questions about LAYGEND FOUNDATION
- What is the EIN of LAYGEND FOUNDATION?
- The employer identification number (EIN) of LAYGEND FOUNDATION is 87-2737376.
- Is LAYGEND FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LAYGEND FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAYGEND FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAYGEND 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 LAYGEND FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LAYGEND FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LAYGEND FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $17,759,962, expenses of $18,997,621 and total assets of $113,167,408 at year end.
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All nonprofits in RCHO SANTA FE · California · Philanthropy, voluntarism and grantmaking foundations