Civic Intelligence

Laygend Foundation

990PF • Fiscal year 2022 • EIN 87-2737376

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

Organization Profile
PO Box 676328Rancho Santa Fe, CA 92067

(858) 231-1448

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

99th percentile

186%

Higher net margin than 99% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Asset Growth

2nd percentile

-31%

Faster asset growth than 2% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$171,274,551

Down $77,145,132 (-31%) from 2021

Net Assets

Down

$171,245,253

Down $77,174,430 (-31%) from 2021

Liabilities

Up

$29,298

Up $29,297 (+2929700%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$2,963,684

Down $231,094,050 (-101%) from 2021

Expenses

Up

$2,560,734

Up $2,551,042 (+26321%) from 2021

Net Income

Down

-$5,524,418

Down $233,645,092 (-102%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$300M$200M$100M$0Assets 2021: $248,419,683Liabilities 2021: $1Net Assets 2021: $248,419,6832021Assets 2022: $171,274,551Liabilities 2022: $29,298Net Assets 2022: $171,245,2532022Assets 2023: $128,639,003Liabilities 2023: $570Net Assets 2023: $128,638,4332023Assets 2024: $113,167,408Liabilities 2024: $17,401,188Net Assets 2024: $95,766,2202024

Highlighted filing

2022

Assets$171,274,551
Liabilities$29,298
Net Assets$171,245,253
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300M$200M$100M$0-$100MRevenue 2021: $228,130,366Expenses 2021: $9,692Net Income 2021: $228,120,6742021Revenue 2022: -$2,963,684Expenses 2022: $2,560,734Net Income 2022: -$5,524,4182022Revenue 2023: $674,230Expenses 2023: $7,540,713Net Income 2023: -$6,866,4832023Revenue 2024: $17,759,962Expenses 2024: $18,997,621Net Income 2024: -$1,237,6592024

Highlighted filing

2022

Revenue-$2,963,684
Expenses$2,560,734
Net Income-$5,524,418
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JENG-GUANG LAYPresident & CEO-$0--
NAN JIANGSecretary-$0--
MINTSEN CHENTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Laygend Foundation
EIN
87-2737376
Phone
8582311448
Address
PO BOX 676328, RANCHO SANTA FE, CA 92067

Signing Officer

Name
Jeng-guang Lay
Title
President & CEO
Signed
2023-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Mintsen Chen CPA
Address
6540 LUSK BLVD C220, SAN DIEGO, CA 92121
Preparer
Mintsen Chen
Phone
8584013066
Raw XML Appendix241 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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IRS990PF/MethodOfAccountingAccrualInd0X
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IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt0183050109
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt02757736
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt09054568
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Secretary
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2Treasurer
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0In 2022, Laygend Foundation established an endowment fund with UC San Diego Bioengineering Department in supporting and empowering UC San Diego bioengineering department to build on its well-recognized strengths in teaching, research and biotechnology workforce development in the future years and in honoring Shu Chien, a UC San Diego emeritus professor of bioengineering and medicine who is a renowned bioengineering researcher, educator and mentor. The first grant of $2.5 million was gifted in 2022.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt02500000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt02500000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0Postsecondary Education:The endowment will build on the UCSD's Department of Bioengineering excellence by providing transformative annual recurring support for research and education. Collectively, this funding will be critical for the department's efforts to bridge gaps between bioengineering research and clinical impacts that directly improve human health.
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0Regents of University of California
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0Non-related
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TaxesSchedule/TaxesDetail/Amt05500
TaxesSchedule/TaxesDetail/CategoryTxt0Federal Excise Tax
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENG-GUANG LAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAYGEND FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAYG
ReturnHeader/Filer/EIN0872737376
ReturnHeader/Filer/PhoneNum08582311448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 676328
ReturnHeader/Filer/USAddress/CityNm0RANCHO SANTA FE
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ReturnHeader/Filer/USAddress/ZIPCd092067
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MINTSEN CHEN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06540 LUSK BLVD C220
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092121
ReturnHeader/PreparerPersonGrp/PhoneNum08584013066
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mintsen Chen
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-06T11:46:07-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENG-GUANG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$171,274,551
Liabilities
$29,298
Net assets
$171,245,253
Revenue
-$2,963,684
Expenses
$2,560,734
Net income
-$5,524,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$113$17.4$95.8$17.8$19.0$1.24
2023Detailed filing. Detailed filing data is available for this year.$129$0.00$129$0.67$7.54$6.87
2022Detailed filing. Detailed filing data is available for this year.$171$0.03$171$2.96$2.56$5.52
2021Detailed filing. Detailed filing data is available for this year.$248$0.00$248$228$0.01$228