Civic Intelligence

Life Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7050597

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 12, 2019

Organization Profile
1634 White Circle Unit 102Marietta, GA 30066

(770) 499-9209

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,428,067

Down $511,763 (-17%) from 2017

Net Assets

Down

$2,428,067

Down $511,763 (-17%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin6th percentile

Revenue

Down

$341,598

Down $379,295 (-53%) from 2017

Expenses

Down

$519,859

Down $222,341 (-30%) from 2017

Net Income

Down

-$178,261

Down $156,954 (-737%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,658,790Liabilities 2010: $3,927Net Assets 2010: $4,654,8632010Assets 2011: $4,137,414Liabilities 2011: $4,383Net Assets 2011: $4,133,0312011Assets 2012: $4,085,211Liabilities 2012: $7,989Net Assets 2012: $4,077,2222012Assets 2013: $3,858,696Liabilities 2013: $7,179Net Assets 2013: $3,851,5172013Assets 2014: $3,631,739Liabilities 2014: $2,390Net Assets 2014: $3,629,3492014Assets 2015: $3,223,937Liabilities 2015: $1,988Net Assets 2015: $3,221,9492015Assets 2016: $2,961,733Liabilities 2016: $0Net Assets 2016: $2,961,7332016Assets 2017: $2,939,830Liabilities 2017: $0Net Assets 2017: $2,939,8302017Assets 2018: $2,428,067Liabilities 2018: $0Net Assets 2018: $2,428,0672018Assets 2019: $2,494,307Liabilities 2019: $0Net Assets 2019: $2,494,3072019Assets 2020: $2,528,687Liabilities 2020: $42,592Net Assets 2020: $2,486,0952020Assets 2021: $5,030,034Liabilities 2021: $0Net Assets 2021: $5,030,0342021Assets 2022: $4,192,920Liabilities 2022: $0Net Assets 2022: $4,192,9202022Assets 2023: $4,393,702Liabilities 2023: $301Net Assets 2023: $4,393,4012023Assets 2024: $4,874,229Liabilities 2024: $1,993Net Assets 2024: $4,872,2362024

Highlighted filing

2018

Assets$2,428,067
Liabilities$0
Net Assets$2,428,067
Open 2018 Filing

Operations Trend

Revenue Growth5th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $340,3102010Expenses 2011: $544,8852011Expenses 2012: $562,1002012Revenue 2013: $361,435Expenses 2013: $696,152Net Income 2013: -$334,7172013Revenue 2014: $425,621Expenses 2014: $655,749Net Income 2014: -$230,1282014Revenue 2015: $446,432Expenses 2015: $641,022Net Income 2015: -$194,5902015Revenue 2016: $494,775Expenses 2016: $513,822Net Income 2016: -$19,0472016Revenue 2017: $720,893Expenses 2017: $742,200Net Income 2017: -$21,3072017Revenue 2018: $341,598Expenses 2018: $519,859Net Income 2018: -$178,2612018Revenue 2019: $211,796Expenses 2019: $457,329Net Income 2019: -$245,5332019Revenue 2020: $532,228Expenses 2020: $679,778Net Income 2020: -$147,5502020Revenue 2021: $2,850,424Expenses 2021: $581,295Net Income 2021: $2,269,1292021Revenue 2022: $577,149Expenses 2022: $843,016Net Income 2022: -$265,8672022Revenue 2023: $401,119Expenses 2023: $659,119Net Income 2023: -$258,0002023Revenue 2024: $649,726Expenses 2024: $659,244Net Income 2024: -$9,5182024

Highlighted filing

2018

Revenue$341,598
Expenses$519,859
Net Income-$178,261
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 12, 2019
Return Version
2018v3.1
Gross Receipts
$341,598
Mission and Program Overview

Mission

Providing life enhancing activities and services to the community in the essential areas of education, wellness, leadership skills, and spiritual growth. To accomplish this mission we will identify leaders and invest in their future...one college student at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,668,894$2,205,219▼ $463,675
Land, Buildings, and Equipment, Net$225,001$213,672▼ $11,329
Savings and Temporary Cash Investments$38,108$6,150▼ $31,958
Inventories for Sale or Use$7,827$3,026▼ $4,801
Total Assets$2,939,830$2,428,067▼ $511,763
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,939,830$2,428,067▼ $511,763
Total Net Assets Fund Balance$2,939,830$2,428,067▼ $511,763
Total Liabilities and Net Assets / Fund Balance$2,939,830$2,428,067▼ $511,763

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$213,672$97,577$311,249
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Aileen PritchardTrustee
Jeff SasserTrustee
Jimmy StokesTrustee
Shannon TrawickTrustee
Kim WilliamsCEO
Leslie S RileyKey Employee
Nell WilliamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$153,519
Program Service Revenue
$0
Investment Income
$182,579
Other Revenue
$5,500
All Other Contributions
$153,519
Change in Net Assets
$-178,261

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$150,835Fair Market Value (FMV)
Total Noncash Contributions$150,835-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$204,785
Grants and Similar Amounts Paid$196,942
Other Expenses$118,132
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$151,942--$151,942
Other Salaries and Wages-$118,184-$118,184
Current Officers, Directors, Trustees, and Key Employees-$72,010-$72,010
Grants to Domestic Orgs$45,000--$45,000
Fees for Services Other-$32,904-$32,904
Fees for Service Investment Mgmnt Fees-$31,865-$31,865
Payroll Taxes-$14,591-$14,591
Depreciation Depletion-$11,561-$11,561
Occupancy-$6,676-$6,676
Fees for Services Accounting-$5,064-$5,064
Office Expenses-$4,460-$4,460
Insurance-$3,714-$3,714
Interest-$2,347-$2,347
Information Technology-$1,575-$1,575
Travel-$393-$393
Advertising-$370-$370
Other Expenses-$144-$144
Total Functional Expenses$196,942$322,917$0$519,859
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bj Palmer Historic Home FdnSmyrna, GA501c3--
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Most members on the board are doctors. Four members happen to be related. Only one board member is compensated.”

Governing body meeting documentation Part VI line 8A

“Only one board member is compensated. The board is keeping documentation and minutes at meetings.”

Committee meeting documentation Part VI line 8B

“The board is keeping documentation and minutes at committee meetings.”

Form 990 governing body review Part VI line 11

“The board has been made aware of the need for policies governing its body and outside review.”

Conflict of interest policy compliance Part VI line 12C

“The board accepted the standard conflict of interest policy recommended by the internal revenue service.”

Governing documents etc available to public Part VI line 19

“Form 990 is available on guidestar.org and 990.org. Others requests for information can be requested directly from this entity.”

Filing and Contact Details

Filer

Filer Name
Life Foundation Inc
EIN
23-7050597
Address
1634 WHITE CIRCLE UNIT 102, MARIETTA, GA 30066

Signing Officer

Name
Kim Williams
Title
CEO
Phone
7704999209
Signed
2019-07-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Kim Williams
Formed
1964
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
2
Employees
8

Preparer

Firm
Tallmans Tax Service LLC
Address
6705 RIDGE MOORE DRIVE NW, ATLANTA, GA 30360-1522
Preparer
Ben a Tallman Ea
Phone
4705145762
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“The decrease of $333,502 in the valuation of the investment portfolio funds is due to equity variations in the market under the control of the private sector investment managers.”

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IRS990ScheduleA/InvestmentIncomePYPct00.43000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt024000
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IRS990ScheduleA/PublicSupportPY509Pct00.56310
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0417051
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0228881
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0284795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246883
IRS990ScheduleA/Total509Grp/TotalAmt01331129
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02422556
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0213672
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097577
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0311249
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0213672
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NEEDY COLLEGE STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0COLLEGE & DORM SUPPLIES TO STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV OR RETAIL COST
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BJ PALMER HISTORIC HOME FDN
IRS990ScheduleI/RecipientTable/RecipientEIN0043681370
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01950 OLD CONCORD ROAD SE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SMYRNA
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt0150835
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MOST MEMBERS ON THE BOARD ARE DOCTORS. FOUR MEMBERS HAPPEN TO BE RELATED. ONLY ONE BOARD MEMBER IS COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONLY ONE BOARD MEMBER IS COMPENSATED. THE BOARD IS KEEPING DOCUMENTATION AND MINUTES AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS KEEPING DOCUMENTATION AND MINUTES AT COMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS BEEN MADE AWARE OF THE NEED FOR POLICIES GOVERNING ITS BODY AND OUTSIDE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD ACCEPTED THE STANDARD CONFLICT OF INTEREST POLICY RECOMMENDED BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND 990.ORG. OTHERS REQUESTS FOR INFORMATION CAN BE REQUESTED DIRECTLY FROM THIS ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DECREASE OF $333,502 IN THE VALUATION OF THE INVESTMENT PORTFOLIO FUNDS IS DUE TO EQUITY VARIATIONS IN THE MARKET UNDER THE CONTROL OF THE PRIVATE SECTOR INVESTMENT MANAGERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03633 VELMA DRIVE
IRS990/USAddress/CityNm0POWDER SPRINGS
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030127
IRS990/VotingMembersGoverningBodyCnt06
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07704999209
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0237050597
ReturnHeader/Filer/USAddress/AddressLine1Txt01634 WHITE CIRCLE UNIT 102
ReturnHeader/Filer/USAddress/CityNm0MARIETTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,428,067
Liabilities
$0
Net assets
$2,428,067
Revenue
$341,598
Expenses
$519,859
Net income
-$178,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.65$0.66$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$0.40$0.66$0.26
2022Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.58$0.84$0.27
2021Detailed filing. Detailed filing data is available for this year.$5.03$0.00$5.03$2.85$0.58$2.27
2020Detailed filing. Detailed filing data is available for this year.$2.53$0.04$2.49$0.53$0.68$0.15
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.21$0.46$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.34$0.52$0.18
2017Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.72$0.74$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.49$0.51$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$0.45$0.64$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.63$0.00$3.63$0.43$0.66$0.23
2013Detailed filing. Detailed filing data is available for this year.$3.86$0.01$3.85$0.36$0.70$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$0.01$4.08$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.00$4.13$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.00$4.65$0.34