Julie M & David S Layton Foundation
Julie M & David S Layton Foundation consistently operates with zero officer compensation and minimal liabilities, focusing on grantmaking.
EIN: 208104877 · Sandy, UT · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $754K |
| Program Spending | 95% |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Is Julie M & David S Layton Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Julie M & David S Layton Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Julie M & David S Layton Foundation
Julie M & David S Layton Foundation (EIN: 208104877) is a nonprofit organization based in Sandy, UT, classified under NTEE code T90. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Julie M & David S Layton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Julie M & David S Layton Foundation is a mid-size nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $754K |
| Surplus / Deficit | $-86,194 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.1 months |
Financial Health Grade: B
In 2023, Julie M & David S Layton Foundation reported a deficit of $86K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Julie M & David S Layton Foundation's revenue has grown at a compound annual growth rate (CAGR) of 35.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1014.2% | +1174.4% | -1.0% |
| 2022 | -96.0% | -94.5% | -15.6% |
| 2021 | +1086.9% | +722.6% | +27.3% |
| 2020 | +1133.2% | -53.5% | +26.3% |
| 2019 | -75.9% | +1521.4% | -10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Julie M & David S Layton Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Julie M & David S Layton Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly efficient and ensures that all available funds are directed towards the foundation's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Julie M & David S Layton Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility, which could impact long-term planning if not managed with a robust endowment strategy.
Strengths
The following positive indicators were identified for Julie M & David S Layton Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and direct allocation of funds to mission.
- Strong asset base, consistently over $1 million, providing financial stability despite revenue fluctuations.
- Extremely low liabilities (consistently $0 or $1), demonstrating excellent financial health and no debt burden.
- Consistent IRS 990 filing history (11 filings), indicating strong transparency and compliance.
- NTEE code T90 (Grantmaking Foundations) suggests a clear programmatic focus on direct charitable giving.
Frequently Asked Questions about Julie M & David S Layton Foundation
Is Julie M & David S Layton Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Julie M & David S Layton Foundation (EIN: 208104877) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Julie M & David S Layton Foundation spend its money?
Julie M & David S Layton Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Julie M & David S Layton Foundation tax-deductible?
Julie M & David S Layton Foundation is registered as a tax-exempt nonprofit (EIN: 208104877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Julie M & David S Layton Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Julie M & David S Layton Foundation is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Julie M & David S Layton Foundation located?
Julie M & David S Layton Foundation is headquartered in Sandy, Utah and files with the IRS under EIN 208104877. It is classified under NTEE code T90.
How many years of IRS 990 filings does Julie M & David S Layton Foundation have?
Julie M & David S Layton Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Is the Julie M & David S Layton Foundation financially stable despite fluctuating revenues?
Yes, despite significant year-to-year fluctuations in revenue (e.g., $10,336 in 2019 vs. $2,183,258 in the latest period), the foundation maintains a strong asset base, consistently over $1 million, reaching $1,464,254 in the latest filing, indicating financial stability.
How does the foundation manage its expenses relative to its income?
The foundation generally manages its expenses prudently. While some years show expenses exceeding revenue (e.g., $754,303 expenses vs. $668,109 revenue in 202312), this is likely covered by its substantial asset base, typical for grantmaking foundations.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation across all available filings, indicating a highly efficient operational model where no executive salaries are paid, maximizing funds for charitable purposes.
Filing History
IRS 990 filing history for Julie M & David S Layton Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Julie M & David S Layton Foundation's revenue has grown by 3614.2%, moving from $18K to $668K. Total assets increased by 71.3% over the same period, from $810K to $1.4M. Total functional expenses rose by 5424.8%, from $14K to $754K. In its most recent filing year (2023), Julie M & David S Layton Foundation reported a deficit of $86K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $754K | $1.4M | $1 | — | — |
| 2022 | $60K | $59K | $1.4M | $1 | — | View 990 |
| 2021 | $1.5M | $1.1M | $1.7M | $1 | — | View 990 |
| 2020 | $127K | $130K | $1.3M | $1 | — | View 990 |
| 2019 | $10K | $281K | $1.0M | $0 | — | View 990 |
| 2018 | $43K | $17K | $1.2M | $0 | — | View 990 |
| 2015 | $1.1M | $97K | $1.8M | $0 | — | View 990 |
| 2014 | $49K | $51K | $824K | $0 | — | View 990 |
| 2013 | $8K | $6K | $821K | $1 | — | View 990 |
| 2012 | $41K | $34K | $816K | $1 | — | View 990 |
| 2011 | $18K | $14K | $810K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $754K, and assets of $1.4M (revenue +1014.2% year-over-year).
- 2022: Revenue of $60K, expenses of $59K, and assets of $1.4M (revenue -96.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $1.7M (revenue +1086.9% year-over-year).
- 2020: Revenue of $127K, expenses of $130K, and assets of $1.3M (revenue +1133.2% year-over-year).
- 2019: Revenue of $10K, expenses of $281K, and assets of $1.0M (revenue -75.9% year-over-year).
- 2018: Revenue of $43K, expenses of $17K, and assets of $1.2M (revenue -96.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $97K, and assets of $1.8M (revenue +2157.6% year-over-year).
- 2014: Revenue of $49K, expenses of $51K, and assets of $824K (revenue +483.9% year-over-year).
- 2013: Revenue of $8K, expenses of $6K, and assets of $821K (revenue -79.3% year-over-year).
- 2012: Revenue of $41K, expenses of $34K, and assets of $816K (revenue +125.5% year-over-year).
- 2011: Revenue of $18K, expenses of $14K, and assets of $810K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Julie M & David S Layton Foundation:
Data Sources and Methodology
This transparency report for Julie M & David S Layton Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.