Civic Intelligence

Life Ring Foundation

990 • Fiscal year 2017 • EIN 27-0927269

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization Profilewww.liferingfoundation.org
PO Box 18168Roanoke, VA 24014

(540) 556-3694

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

89th percentile

53%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

176%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$417,231

Up $143,686 (+53%) from 2016

Net Assets

Up

$417,231

Up $143,686 (+53%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin88th percentile

Revenue

Up

$333,027

Up $212,450 (+176%) from 2016

Expenses

Down

$201,665

Down $11,647 (-5.5%) from 2016

Net Income

Up

$131,362

Up $224,097 (+242%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $31,090Liabilities 2012: $0Net Assets 2012: $31,0902012Assets 2013: $28,217Liabilities 2013: $0Net Assets 2013: $28,2172013Assets 2016: $273,545Liabilities 2016: $0Net Assets 2016: $273,5452016Assets 2017: $417,231Liabilities 2017: $0Net Assets 2017: $417,2312017Assets 2018: $271,789Liabilities 2018: $0Net Assets 2018: $271,7892018Assets 2019: $283,614Liabilities 2019: $0Net Assets 2019: $283,6142019Assets 2020: $233,633Liabilities 2020: $0Net Assets 2020: $233,6332020Assets 2022: $216,961Liabilities 2022: $0Net Assets 2022: $216,9612022Assets 2023: $308,491Liabilities 2023: $0Net Assets 2023: $308,4912023Assets 2024: $1,859,132Liabilities 2024: $2,083Net Assets 2024: $1,857,0492024

Highlighted filing

2017

Assets$417,231
Liabilities$0
Net Assets$417,231
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $230,2412012Revenue 2013: $329,121Expenses 2013: $331,212Net Income 2013: -$2,0912013Revenue 2016: $120,577Expenses 2016: $213,312Net Income 2016: -$92,7352016Revenue 2017: $333,027Expenses 2017: $201,665Net Income 2017: $131,3622017Revenue 2018: $16,066Expenses 2018: $142,656Net Income 2018: -$126,5902018Revenue 2019: $47,969Expenses 2019: $64,199Net Income 2019: -$16,2302019Revenue 2020: $21,459Expenses 2020: $71,440Net Income 2020: -$49,9812020Revenue 2022: $101,106Expenses 2022: $85,757Net Income 2022: $15,3492022Revenue 2023: $692,792Expenses 2023: $608,076Net Income 2023: $84,7162023Revenue 2024: $1,812,983Expenses 2024: $342,119Net Income 2024: $1,470,8642024

Highlighted filing

2017

Revenue$333,027
Expenses$201,665
Net Income$131,362
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$562,370
Mission and Program Overview

Mission

The Foundation was created to provide charitable and emergency assistance to individuals and tax-exempt organizations. The foundation intends to fund scholarships for individuals to attend Virginia Tech and possibily other higher learning institutions.

The Foundation was created to provide charitable and emergency assistance to individuals and taxexempt organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$273,545$417,231▲ $143,686
Savings and Temporary Cash Investments$61,915$211,365▲ $149,450
Investments in Publicly Traded Securities$179,620$181,687▲ $2,067
Cash and Non-Interest-Bearing Accounts$32,010$24,179▼ $7,831
Total Assets$273,545$417,231▲ $143,686
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$273,545$417,231▲ $143,686
Total Liabilities and Net Assets / Fund Balance$273,545$417,231▲ $143,686
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Kelly S WoolwinePresident
Joshua N MattoxDirector
Richard E WoolwineDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$322,147
Program Service Revenue
$0
Investment Income
$10,880
Other Revenue
$0
All Other Contributions
$322,147
Change in Net Assets
$131,362

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$210,009Published values
Total Noncash Contributions6$210,009-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$184,304
Other Expenses$17,361
Total Fundraising Expense$7,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$184,304--$184,304
Advertising--$7,200$7,200
Office Expenses-$7,000-$7,000
Fees for Service Investment Mgmnt Fees-$1,503-$1,503
Fees for Services Accounting-$1,483-$1,483
Fees for Services Legal-$175-$175
Total Functional Expenses$184,304$10,161$7,200$201,665
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Va Tech Athletic FundBlacksburg, VA501c3General support$110,638
Va Tech FoundationBlacksburg, VA501c3General support$23,414
Children's Miracle NetworkRoanoke, VA501c3General support$20,000
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
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

“Kelly Woolwine and Richard Woolwine, both Directors, are brothers.”

Part VI Line 8A

“The Board meets regularly to discuss organizations that will be funded and”

Part VI Line 8A

“conflicts of interest. They also review all financial and tax information.”

Part VI Line 11B

“Form 990 is reviewed by a Director before being filed.”

Part VI Line 19

“The Foundation's governing documents and financial statements are available”

Part VI Line 19

“upon request. These documents can be requested by mail, telephone or email.”

Filing and Contact Details

Filer

Filer Name
Life Ring Foundation
EIN
27-0927269
In Care Of
% Kelly S Woolwine
Phone
5405563694
Address
PO Box 18168, Roanoke, VA 24014

Signing Officer

Name
Kelly S Woolwine
Title
President
Phone
5404205896
Signed
2018-11-14

Organization Details

Principal Officer
Kelly S Woolwine
Formed
2009
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
1
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Kelly Woolwine and Richard Woolwine, both Directors, are brothers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board meets regularly to discuss organizations that will be funded and
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2conflicts of interest. They also review all financial and tax information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by a Director before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Foundation's governing documents and financial statements are available
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5upon request. These documents can be requested by mail, telephone or email.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 18168
IRS990/USAddress/CityNm0Roanoke
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024014
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.liferingfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY S WOOLWINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05404205896
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Life Ring Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0270927269
ReturnHeader/Filer/InCareOfNm0% Kelly S Woolwine
ReturnHeader/Filer/PhoneNum05405563694
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 18168
ReturnHeader/Filer/USAddress/CityNm0Roanoke
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024014
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A6FF553102BFEC845A92A22372C06D302C024DDE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A329FE042E15B213D5DA4BBED7A10B9D58C584F2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId021010520183181038939
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0O
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.254.184.17
ReturnHeader/ReturnTs02018-11-14T08:42:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$417,231
Liabilities
$0
Net assets
$417,231
Revenue
$333,027
Expenses
$201,665
Net income
$131,362
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$1.81$0.34$1.47
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.69$0.61$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.10$0.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.02$0.07$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.05$0.06$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.02$0.14$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.33$0.20$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.12$0.21$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.33$0.33$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.23