LEYTON FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LEYTON FOUNDATION (EIN 27-1447571)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202443199349105944
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T16:40:37-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330269446PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1The Donovan CompanyBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19930 Research Drive Suite 100AddressLine1Txt
CityIrvineCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92618ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271447571EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Leyton FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEYTBusinessNameControlTxt
Phone8882886617PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12271 W Malvern Ave 424AddressLine1Txt
CityFullertonCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMitchell LeytonPersonNm
Person TitleCEO & CFOPersonTitleTxt
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonThomas G DonovanPreparerPersonNm
PTINP00234335PTIN
Phone9496401333PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$216,213FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$6,126DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,126DividendsNetInvstIncmAmt
Dividends Adj Net Incm$6,126DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$4,805NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$56,765GrossSalesPriceAmt
Total Rev And Expnss$6,322TotalRevAndExpnssAmt
Total Net Invst Incm$6,127TotalNetInvstIncmAmt
Total Adj Net Incm$6,127TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,300AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$997OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,297TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,297TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,025ExcessRevenueOverExpensesAmt
Net Investment Income$6,127NetInvestmentIncomeAmt
Adjusted Net Income$6,127AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,845CashBOYAmt
Cash EOY$9,719CashEOYAmt
Cash EOYFMV$9,719CashEOYFMVAmt
Other Investments BOY$192,793OtherInvestmentsBOYAmt
Other Investments EOY$196,491OtherInvestmentsEOYAmt
Other Investments EOYFMV$206,494OtherInvestmentsEOYFMVAmt
Total Assets BOY$201,638TotalAssetsBOYAmt
Total Assets EOY$206,210TotalAssetsEOYAmt
Total Assets EOYFMV$216,213TotalAssetsEOYFMVAmt
Loans From Officers BOY$800LoansFromOfficersBOYAmt
Loans From Officers EOY$1,347LoansFromOfficersEOYAmt
Total Liabilities BOY$800TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,347TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$200,838RetainedEarningBOYAmt
Retained Earning EOY$204,863RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$200,838TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$204,863TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$201,638TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$206,210TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$200,838TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,025ExcessRevenueOverExpensesAmt
Subtotal$204,863SubtotalAmt
Tot Net Ast Or Fund Balances EOY$204,863TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (38 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
2 CF INDUSTRIES HOLDINGS INCP2022-07-152023-05-31$123$168-$45-$45
10 CF INDUSTRIES HOLDINGS INCP2023-01-252023-05-31$613$835-$222-$222
3 CF INDUSTRIES HOLDINGS INCP2023-03-212023-05-31$184$226-$42-$42
2.834 CLEARBRIDGE INTL GROWTH IP2021-06-032023-01-25$166$199-$33-$33
44.864 COLUMBIA DIVIDEND INCOME INSTP2021-06-032023-03-14$1,259$1,327-$68-$68
59.346 COLUMBIA DIVIDEND INCOME INSTP2021-10-262023-03-14$1,665$1,839-$174-$174
2.427 COLUMBIA DIVIDEND INCOME INSTP2021-10-262023-01-25$71$75-$4-$4
1 CONS STAPLES SEL SECT SPDR FDP2022-05-102023-03-21$72$76-$4-$4
9 CONS STAPLES SEL SECT SPDR FDP2021-10-262023-03-21$652$643$9$9
159.949 DIAMOND HILL LONG-SHORT IP2021-12-152023-08-22$4,167$4,514-$347-$347
1093.401 EV PARAMETRIC COMMOD STRAT IP2021-12-272023-08-22$6,943$6,932$11$11
802.826 EV PARAMETRIC COMMOD STRAT IP2022-04-192023-08-22$5,098$6,503-$1,405-$1,405
101 FT NORTH AMERICAN ENERGY INFRAP2022-09-282023-08-22$2,750$2,592$158$158
1 FT NORTH AMERICAN ENERGY INFRAP2022-11-142023-08-22$27$27
8.798 GOLDMAN SACHS GQG INTL OPP IP2021-10-262023-01-25$153$183-$30-$30
71.774 GUGGENHEIM MACRO OPPORT IP2021-05-192023-08-22$1,708$1,961-$253-$253
60.771 GUGGENHEIM MACRO OPPORT IP2021-10-262023-08-22$1,446$1,650-$204-$204
125.008 GUGGENHEIM MACRO OPPORT IP2022-04-272023-08-22$2,975$3,190-$215-$215
2 ISHARES CORE INTL STOCK ETFP2021-10-262023-01-25$126$147-$21-$21
2 ISHARES CORE MSCI EAFE ETFP2021-10-262023-01-25$134$153-$19-$19
1 ISHARES CORE S&P 500 ETFP2021-10-262023-03-21$401$458-$57-$57
1 ISHARES CORE S&P 500 ETFP2021-10-262023-01-25$402$458-$56-$56
7 MATERIALS SEL SECT SPDR FDP2022-04-262023-08-22$565$590-$25-$25
2 MATERIALS SEL SECT SPDR FDP2022-04-262023-03-21$155$169-$14-$14
233.081 PIMCO TRENDS MGD FTRS STG I2P2022-09-282023-08-22$2,452$3,179-$727-$727
512.369 PIMCO TRENDS MGD FTRS STG I2P2021-12-202023-08-22$5,390$5,908-$518-$518
1 THE FINANCIAL SEL SECT SPDR FDP2022-05-102023-01-25$36$34$2$2
3 THE MOSAIC COMPANYP2022-07-152023-05-31$96$134-$38-$38
18 THE MOSAIC COMPANYP2023-01-252023-05-31$578$869-$291-$291
3 THE MOSAIC COMPANYP2023-03-212023-05-31$96$137-$41-$41
8 VANGUARD MID CAP VALUE ETFP2022-04-182023-08-22$1,084$1,192-$108-$108
1 VANGUARD MID CAP VALUE ETFP2022-04-182023-01-25$142$149-$7-$7
2 VANGUARD RUSSELL 1000 VAL ETFP2022-11-142023-01-25$138$136$2$2
7 VANGUARD SM CAP VALUE ETFP2022-04-182023-08-22$1,147$1,210-$63-$63
1 VANGUARD SM CAP VALUE ETFP2022-04-182023-01-25$169$173-$4-$4
132 WISDOMTREE FLOATING RATE TREP2022-09-282023-08-22$6,665$6,637$28$28
133 WISDOMTREE FLOATING RATE TREP2022-11-142023-08-22$6,715$6,696$19$19
4 WISDOMTREE FLOATING RATE TREP2023-07-252023-08-22$202$201$1$1
FieldValueIRS element (for citing)
Capital Gain Net Income-$4,805CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,225NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$85InvestmentIncomeExciseTaxAmt
Subtotal$85SubtotalAmt
Tax Based On Investment Income$85TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$293EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$293TotalPaymentsAndCreditsAmt
Overpayment$208OverpaymentAmt
Applied To ES Tax$208AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Michell C LeytonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8883971593PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12271 W Malvern Ave 424AddressLine1Txt
CityFullertonCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Mitchell Leyton
2271 W Malvern Ave 424FullertonCA92833CEO & CFO0.00$0
Corey Leyton
PO Box 14225OrangeCA92863Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$193,652AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,624AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$199,276TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$199,276AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,989CashDeemedCharitableAmt
Net Vl Noncharitable Assets$196,287NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,814MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,814MinimumInvestmentReturnAmt
Tax Based On Investment Income$85TaxBasedOnInvestmentIncomeAmt
Total Tax$85TotalTaxAmt
Distributable Before Adj$9,729DistributableBeforeAdjAmt
Distributable Before Ded$9,729DistributableBeforeDedAmt
Distributable As Adjusted$9,729DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,729DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,758ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$9,344ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$9,818ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$4,846ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$28,766TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$9,729ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$9,729ExcessDistributionCyovAppCYAmt
Total Corpus$19,037TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$19,037ExcessDistriCyovToNextYrAmt
Excess From Year4$4,373ExcessFromYear4Amt
Excess From Year3$9,818ExcessFromYear3Amt
Excess From Year1$4,846ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMitchell LeytonContributingManagerNm
Contributing ManagerCorey LeytonContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLeyton FoundationRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12271 W Malvern Ave 424AddressLine1Txt
CityFullertonCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8882886617RecipientPhoneNum
Form And Info And MaterialsApplications mailed to the above address.FormAndInfoAndMaterialsTxt
Submission DeadlinesThroughout the yearSubmissionDeadlinesTxt
Restrictions On AwardsThe Leyton Foundation is a public charity that helps students needing financial assistance to attend college or participate in extra-curricular educational activities.RestrictionsOnAwardsTxt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,126ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$4,805RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6,127ExclusionAmt
Related Or Exempt Function Incm-$4,805RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,322TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonMitch LeytonContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11071 N Tustin Ave Ste 105AddressLine1Txt
CityAnaheimCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92807ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$1,300Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Annual Fee$25
Management Fees$950
Filing Fees$20
Postage$2

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