Civic Intelligence

Laymen'S Ministerial Endowment Fund Inc

990 • Fiscal year 2023 • EIN 51-0152273

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 01, 2024

Organization ProfileN/A
511 Groveland AvenueMinneapolis, MN 55403

(612) 710-6946

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

39th percentile

2.0%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-25%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$6,293,776

Up $122,553 (+2.0%) from 2022

Net Assets

Up

$6,293,776

Up $122,553 (+2.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin93rd percentile

Revenue

Down

$222,015

Down $75,556 (-25%) from 2022

Expenses

Up

$91,274

Up $24,222 (+36%) from 2022

Net Income

Down

$130,741

Down $99,778 (-43%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,232,066Liabilities 2011: $0Net Assets 2011: $3,232,0662011Assets 2012: $3,419,484Liabilities 2012: $0Net Assets 2012: $3,419,4842012Assets 2013: $3,532,034Liabilities 2013: $0Net Assets 2013: $3,532,0342013Assets 2014: $3,782,730Liabilities 2014: $0Net Assets 2014: $3,782,7302014Assets 2015: $3,979,694Liabilities 2015: $0Net Assets 2015: $3,979,6942015Assets 2016: $4,278,886Liabilities 2016: $0Net Assets 2016: $4,278,8862016Assets 2017: $4,741,107Liabilities 2017: $0Net Assets 2017: $4,741,1072017Assets 2018: $4,775,791Liabilities 2018: $0Net Assets 2018: $4,775,7912018Assets 2019: $5,075,953Liabilities 2019: $0Net Assets 2019: $5,075,9532019Assets 2020: $5,462,467Liabilities 2020: $0Net Assets 2020: $5,462,4672020Assets 2021: $5,951,538Liabilities 2021: $0Net Assets 2021: $5,951,5382021Assets 2022: $6,171,223Liabilities 2022: $0Net Assets 2022: $6,171,2232022Assets 2023: $6,293,776Liabilities 2023: $0Net Assets 2023: $6,293,7762023Assets 2024: $6,812,142Liabilities 2024: $0Net Assets 2024: $6,812,1422024

Highlighted filing

2023

Assets$6,293,776
Liabilities$0
Net Assets$6,293,776
Open 2023 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $239,081Expenses 2011: $75,873Net Income 2011: $163,2082011Expenses 2012: $38,5132012Expenses 2013: $97,2642013Revenue 2014: $285,072Expenses 2014: $52,261Net Income 2014: $232,8112014Revenue 2015: $304,204Expenses 2015: $104,970Net Income 2015: $199,2342015Revenue 2016: $477,609Expenses 2016: $131,400Net Income 2016: $346,2092016Revenue 2017: $528,151Expenses 2017: $37,842Net Income 2017: $490,3092017Revenue 2018: $283,533Expenses 2018: $306,289Net Income 2018: -$22,7562018Revenue 2019: $331,599Expenses 2019: $58,707Net Income 2019: $272,8922019Revenue 2020: $546,675Expenses 2020: $146,810Net Income 2020: $399,8652020Revenue 2021: $626,112Expenses 2021: $124,352Net Income 2021: $501,7602021Revenue 2022: $297,571Expenses 2022: $67,052Net Income 2022: $230,5192022Revenue 2023: $222,015Expenses 2023: $91,274Net Income 2023: $130,7412023Revenue 2024: $587,343Expenses 2024: $62,370Net Income 2024: $524,9732024

Highlighted filing

2023

Revenue$222,015
Expenses$91,274
Net Income$130,741
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 1, 2024
Return Version
2023v5.1
Gross Receipts
$1,694,214
Mission and Program Overview

Mission

Under the terms of the governing instruments, the trustees make distributions to the mn conference of the united methodist church and/or churches and organizations affliated with it.

To support hennepin avenue united methodist church (haumc) and other affiliated organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,941,148$6,048,995▲ $107,847
Rtn Earn Endowment Incm Other Fnds$5,403,082$5,525,635▲ $122,553
Cap Stk Tr Prin Current Funds$768,141$768,141→ $0
Savings and Temporary Cash Investments$230,075$244,781▲ $14,706
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$6,171,223$6,293,776▲ $122,553
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,171,223$6,293,776▲ $122,553
Total Liabilities and Net Assets / Fund Balance$6,171,223$6,293,776▲ $122,553
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Scott CabalkaPresident
James MirickVice President
Gail OnanDirector
Gary HaugenDirector
Ginger SiscoDirector
James NarrDirector
James StephensonDirector
Marla TippingDirector
Harlan PaetznickSecretary
George HoldenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$220,818
Other Revenue
$1,197
Change in Net Assets
$130,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,795
Grants and Similar Amounts Paid$38,479
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$49,211-$49,211
Grants to Domestic Orgs$38,479--$38,479
Fees for Services Accounting-$1,110-$1,110
Other Expenses-$220-$220
Fees for Services Other-$28-$28
Total Functional Expenses$38,479$52,795$0$91,274
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hennepin Avenue United Methodist ChurchMinneapolis, MN-Technology Infrastructure Improvements to the Church$38,479
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Hennepin avenue united methodist church has the authority to appoint a majority of the board (appointed directors). In addition, hennepin avenue united methodist church shall have the right to remove appointed directors of the board.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accounting firm and is reviewed by the board prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“A copy of the conflict of interest policy is provided to each director who is presently serving the organization or who may become associated with the organization. The policy is called to the attention of the board of directors at least annually at a regular board meeting and recorded in the minutes of such meeting.”

Form 990, Part VI, Section C, Line 19

“The organization does not make the conflict of interest statement or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Lay Endowment Fund
EIN
51-0152273
Phone
6127106946
Address
511 GROVELAND AVENUE, MINNEAPOLIS, MN 55403

Signing Officer

Name
Scott Cabalka
Title
President
Phone
6127106946
Signed
2024-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Cabalka
Formed
1920
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cost basis adjustment -8,188.”

Raw XML AppendixShowing 400 of 418 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt038479
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt038479
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TECHNOLOGY INFRASTRUCTURE IMPROVEMENTS TO THE CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HENNEPIN AVENUE UNITED METHODIST CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0410694729
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0511 GROVELAND AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055403
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HENNEPIN AVENUE UNITED METHODIST CHURCH HAS THE AUTHORITY TO APPOINT A MAJORITY OF THE BOARD (APPOINTED DIRECTORS). IN ADDITION, HENNEPIN AVENUE UNITED METHODIST CHURCH SHALL HAVE THE RIGHT TO REMOVE APPOINTED DIRECTORS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH DIRECTOR WHO IS PRESENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH THE ORGANIZATION. THE POLICY IS CALLED TO THE ATTENTION OF THE BOARD OF DIRECTORS AT LEAST ANNUALLY AT A REGULAR BOARD MEETING AND RECORDED IN THE MINUTES OF SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE THE CONFLICT OF INTEREST STATEMENT OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COST BASIS ADJUSTMENT -8,188.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HENNEPIN AVENUE UNITED METHODIST CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1STEEPLE PEOPLE THRIFT STORE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1THRIFT STORE SELLING DONATED QUALITY ITEMS AT AFFORDABLE PRICES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0511 GROVELAND AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11901 NICOLLET AVENUE SOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055403
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd155403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HENNEPIN AVENUE UNITED METHODIST CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalProgramServiceExpensesAmt038479
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082877
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222015
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06293776
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0511 GROVELAND AVENUE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055403
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT CABALKA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAY ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0LAYE
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ReturnHeader/Filer/USAddress/AddressLine1Txt0511 GROVELAND AVENUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,293,776
Liabilities
$0
Net assets
$6,293,776
Revenue
$222,015
Expenses
$91,274
Net income
$130,741
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.81$0.00$6.81$0.59$0.06$0.52
2023Detailed filing. Detailed filing data is available for this year.$6.29$0.00$6.29$0.22$0.09$0.13
2022Detailed filing. Detailed filing data is available for this year.$6.17$0.00$6.17$0.30$0.07$0.23
2021Detailed filing. Detailed filing data is available for this year.$5.95$0.00$5.95$0.63$0.12$0.50
2020Detailed filing. Detailed filing data is available for this year.$5.46$0.00$5.46$0.55$0.15$0.40
2019Summary only. Only limited summary data is available for this year.$5.08$0.00$5.08$0.33$0.06$0.27
2018Detailed filing. Detailed filing data is available for this year.$4.78$0.00$4.78$0.28$0.31$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.74$0.00$4.74$0.53$0.04$0.49
2016Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.48$0.13$0.35
2015Detailed filing. Detailed filing data is available for this year.$3.98$0.00$3.98$0.30$0.10$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.78$0.00$3.78$0.29$0.05$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.00$3.53$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$0.00$3.42$0.04
2011Summary only. Only limited summary data is available for this year.$3.23$0.00$3.23$0.24$0.08$0.16