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Laura Fields Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$145k (2025)

Expenses
$148k (2025)

Total Assets
$2.25M (2025)

Total Liabilities
$48.1k (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$144,891
Expenses
$148,347
Net Income
-$3,456
Net Assets
$2,197,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $81,920
56.5%
Interest Revenue $5,448
3.8%
Dividends $58,302
40.2%
Sales of Assets $0
Other Income -$779
Notable Expenses Percent of Total Expenses
Charitable Disbursements $116,090
78.3%
Compensation of Officers* $13,334
9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,245,601
Total Liabilities $48,104
Net Assets $2,197,497
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $13,334 $0
Stephen Newcombe (Trustee) $0 $0
Charlotte Oates (Trustee) $0 $0
Mark Wernette (Trustee) $0 $0
Dr Kathy Wheat (Trustee) $0 $0
Dr Brian Birdwell (Chairman) $0 $0
Taylor Viet (Trustee) $0 $0
Pastor Rachel Thacker (Trustee) $0 $0
Dr Taylor Francis (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,778
Expenses
$149,641
Net Income
-$76,863
Net Assets
$2,182,792
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $16,337
22.4%
Interest Revenue $7,528
10.3%
Dividends $48,019
66.0%
Sales of Assets $0
Other Income $894
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,039
79.5%
Compensation of Officers* $12,334
8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,213,571
Total Liabilities $30,779
Net Assets $2,182,792
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,334 $0
John Adair (Chairman) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Dr Brian Birdwell (Trustee) $0 $0
Taylor Viet (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$94,644
Expenses
$112,801
Net Income
-$18,157
Net Assets
$2,219,765
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,150
27.6%
Interest Revenue $4,265
4.5%
Dividends $53,776
56.8%
Sales of Assets $0
Other Income $10,453
11.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $82,135
72.8%
Compensation of Officers* $12,334
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,253,077
Total Liabilities $33,312
Net Assets $2,219,765
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,500 $0
John Adair (Chairman) $0 $0
Rev Paul Abbleby (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Dr Brian Birdwell (Trustee) $0 $0
Taylor Viet (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$113,743
Expenses
$238,230
Net Income
-$124,487
Net Assets
$2,221,043
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $44,490
39.1%
Interest Revenue $3,883
3.4%
Dividends $60,706
53.4%
Sales of Assets $0
Other Income $4,664
4.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,995
6.3%
Compensation of Officers* $12,500
5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,261,048
Total Liabilities $40,005
Net Assets $2,221,043
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,500 $0
John Adair (Chairman) $0 $0
Rev Paul Abbleby (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Dr Brian Birdwell (Trustee) $0 $0
Taylor Viet (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$130,739
Expenses
$132,966
Net Income
-$2,227
Net Assets
$2,229,388
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $55,389
42.4%
Interest Revenue $17,125
13.1%
Dividends $56,519
43.2%
Sales of Assets $0
Other Income $1,706
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $101,566
76.4%
Compensation of Officers* $12,500
9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,254,862
Total Liabilities $25,474
Net Assets $2,229,388
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,500 $0
George Bridges (Trustee) $0 $0
John Adair (Chairman) $0 $0
Rev Paul Abbleby (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Dr Brian Birdwell (Trustee) $0 $0
Taylor Viet (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$105,479
Expenses
$124,628
Net Income
-$19,149
Net Assets
$2,232,556
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $19,303
18.3%
Interest Revenue $1,337
1.3%
Dividends $84,271
79.9%
Sales of Assets $0
Other Income $568
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,925
2.3%
Compensation of Officers* $12,700
10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,250,583
Total Liabilities $18,027
Net Assets $2,232,556
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,700 $0
George Bridges (Chairman Tte) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Dr Bryan Cain (Chairman) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$91,174
Expenses
$166,790
Net Income
-$75,616
Net Assets
$2,249,755
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,770
28.3%
Interest Revenue $3,264
3.6%
Dividends $59,588
65.4%
Sales of Assets $0
Other Income $2,552
2.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,825
1.7%
Compensation of Officers* $12,500
7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,268,656
Total Liabilities $18,901
Net Assets $2,249,755
Compensation
Key Employees and Officers Compensation Other
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (V Chairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Brandon Johnson (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Sheila Fountain (Manager) $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,234
Expenses
$150,247
Net Income
-$82,013
Net Assets
$2,213,225
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $19,485
28.6%
Interest Revenue $4,029
5.9%
Dividends $44,720
65.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,825
1.9%
Compensation of Officers* $12,500
8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,229,196
Total Liabilities $15,971
Net Assets $2,213,225
Compensation
Key Employees and Officers Compensation Other
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (V Chairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Brandon Johnson (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0
Sheila Fountain (Manager) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$94,477
Expenses
$118,843
Net Income
-$24,366
Net Assets
$2,201,022
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $45,519
48.2%
Interest Revenue $13,181
14.0%
Dividends $35,224
37.3%
Sales of Assets $0
Other Income $553
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,058
21.1%
Compensation of Officers* $12,500
10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,208,672
Total Liabilities $7,650
Net Assets $2,201,022
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,500 $0
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (V Chairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Brandon Johnson (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$127,023
Expenses
$100,009
Net Income
$27,014
Net Assets
$2,171,347
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $81,471
64.1%
Interest Revenue $9,997
7.9%
Dividends $35,555
28.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,516
64.5%
Compensation of Officers* $12,000
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,198,083
Total Liabilities $26,736
Net Assets $2,171,347
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $12,000 $0
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (V Chairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Brandon Johnson (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,187
Expenses
$188,411
Net Income
-$88,224
Net Assets
$2,144,333
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $52,405
52.3%
Interest Revenue $4,020
4.0%
Dividends $43,762
43.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $131,969
70.0%
Compensation of Officers* $15,000
8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,165,864
Total Liabilities $21,531
Net Assets $2,144,333
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $15,000 $0
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (V Chairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Gene Spillman (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$77,770
Expenses
$189,932
Net Income
-$112,162
Net Assets
$2,165,314
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $31,963
41.1%
Interest Revenue $9,667
12.4%
Dividends $45,907
59.0%
Sales of Assets -$10,559
Other Income $792
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $162,584
85.6%
Compensation of Officers* $11,400
6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,184,929
Total Liabilities $19,615
Net Assets $2,165,314
Compensation
Key Employees and Officers Compensation Other
Sheila Fountain (Manager) $11,400 $0
George Bridges (Chairman Tte) $0 $0
Dr Joe Roundtree (Vchairman Tt) $0 $0
Hyman Copeland (Trustee) $0 $0
John Adair (Trustee) $0 $0
Rev Kim Hames (Trustee) $0 $0
Dr Bryan Cain (Trustee) $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,014
Expenses
$149,024
Net Income
-$28,010
Net Assets
$2,214,440
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $55,364
45.8%
Interest Revenue $23,217
19.2%
Dividends $38,045
31.4%
Sales of Assets $4,212
3.5%
Other Income $176
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $117,742
79.0%
Compensation of Officers* $18,400
12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,234,475
Total Liabilities $20,035
Net Assets $2,214,440

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,699
Expenses
$120,604
Net Income
-$19,905
Net Assets
$2,232,813
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $17,473
17.4%
Interest Revenue $15,446
15.3%
Dividends $44,013
43.7%
Sales of Assets $22,515
22.4%
Other Income $1,252
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $81,999
68.0%
Compensation of Officers* $18,400
15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,252,225
Total Liabilities $19,412
Net Assets $2,232,813

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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