Civic Intelligence

Laygend Foundation

990PF • Fiscal year 2023 • EIN 87-2737376

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 16, 2024

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Net Margin

1st percentile

-1018%

Higher net margin than 1% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2023 filings • $100M-$250M nonprofits • Source year 2023

Asset Growth

1st percentile

-25%

Faster asset growth than 1% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$128,639,003

Down $42,635,548 (-25%) from 2022

Net Assets

Down

$128,638,433

Down $42,606,820 (-25%) from 2022

Liabilities

Down

$570

Down $28,728 (-98%) from 2022

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin1st percentile

Revenue

Up

$674,230

Up $3,637,914 (+123%) from 2022

Expenses

Up

$7,540,713

Up $4,979,979 (+194%) from 2022

Net Income

Down

-$6,866,483

Down $1,342,065 (-24%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2023

Assets$128,639,003
Liabilities$570
Net Assets$128,638,433
Open 2023 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

2023

Revenue$674,230
Expenses$7,540,713
Net Income-$6,866,483
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 16, 2024
Return Version
2023v5.1
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
2024-09-16
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 Appendix242 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/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.
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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/GrantOrContributionPurposeTxt1Laygend Foundation established Gene Lay Institute of Immunology and Inflammation in May 2023 and pledged an endowment fund in supporting and empowering multi-institution team and collective efforts of Brigham & Woman Hospital, Massachusetts General Hospital and Harvard Medical School for research activities in the areas of immunology and Inflammation and translate research discovery into therapies and bring solutions to patients and families. The primary areas of research will include basic understanding of immune-mediated diseases, aging, and cancer and translation of this knowledge to the development of new immunotherapies and build new knowledge to promote basic understanding for preventing and treating immune-mediated diseases. In addition, the Gene Lay Institute will provide substantial training opportunities for students and fellows to support immunology innovators of the future.
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
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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/ReturnTs02024-09-16T14:38:44-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

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

Open filing
Assets
$128,639,003
Liabilities
$570
Net assets
$128,638,433
Revenue
$674,230
Expenses
$7,540,713
Net income
-$6,866,483
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