Civic Intelligence

Lifeway Christian Resources Post- Retirement Benefits Trust

990 • Fiscal year 2023 • EIN 36-6913023

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 06, 2024

Organization ProfileN/A
One Lifeway PlazaNashville, TN 37234

(615) 251-2000

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

1093%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Asset Growth

6th percentile

-25%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$17,507,000

Down $5,728,000 (-25%) from 2022

Net Assets

Down

$17,472,000

Down $5,710,000 (-25%) from 2022

Liabilities

Down

$35,000

Down $18,000 (-34%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$623,840

Down $1,647,273 (-161%) from 2022

Expenses

Up

$6,192,000

Up $4,946,000 (+397%) from 2022

Net Income

Down

-$6,815,840

Down $6,593,273 (-2962%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$40M$30M$20M$10M$0Assets 2020: $31,491,843Liabilities 2020: $59,325Net Assets 2020: $31,432,5182020Assets 2021: $30,217,000Liabilities 2021: $61,000Net Assets 2021: $30,156,0002021Assets 2022: $23,235,000Liabilities 2022: $53,000Net Assets 2022: $23,182,0002022Assets 2023: $17,507,000Liabilities 2023: $35,000Net Assets 2023: $17,472,0002023Assets 2024: $16,149,000Liabilities 2024: $45,000Net Assets 2024: $16,104,0002024Assets 2025: $15,206,000Liabilities 2025: $36,000Net Assets 2025: $15,170,0002025

Highlighted filing

2023

Assets$17,507,000
Liabilities$35,000
Net Assets$17,472,000
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0M-$10MRevenue 2020: $1,327,471Expenses 2020: $5,922,617Net Income 2020: -$4,595,1462020Revenue 2021: $1,003,336Expenses 2021: $1,422,000Net Income 2021: -$418,6642021Revenue 2022: $1,023,433Expenses 2022: $1,246,000Net Income 2022: -$222,5672022Revenue 2023: -$623,840Expenses 2023: $6,192,000Net Income 2023: -$6,815,8402023Revenue 2024: $249,026Expenses 2024: $3,534,000Net Income 2024: -$3,284,9742024Revenue 2025: $533,891Expenses 2025: $1,190,000Net Income 2025: -$656,1092025

Highlighted filing

2023

Revenue-$623,840
Expenses$6,192,000
Net Income-$6,815,840
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 6, 2024
Return Version
2022v5.0
Gross Receipts
$10,667,335
Mission and Program Overview

Mission

Providing health & welfare benefits to the sponsoring organization's retirees and their beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$23,182,000$17,472,000▼ $5,710,000
Investments in Publicly Traded Securities$22,350,000$16,758,000▼ $5,592,000
Savings and Temporary Cash Investments$621,000$516,000▼ $105,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$23,235,000$17,507,000▼ $5,728,000
Other Assets Total$264,000$233,000▼ $31,000
Liabilities
Accounts Payable and Accrued Expenses$53,000$35,000▼ $18,000
Total Liabilities$53,000$35,000▼ $18,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,182,000$17,472,000▼ $5,710,000
Total Liabilities and Net Assets / Fund Balance$23,235,000$17,507,000▼ $5,728,000
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Cossy PacharesDirector
Susanne JacksonDirector
Mike WhiteDirector Through July 22
Caleb IorgTrustee
Greg KannadyTrustee
Luther McdanielTrustee
Michael DuduitTrustee
Burt LandersTrustee Through June 22
Jd PerryTrustee Through June 22
Kristen LandersFinancial Analyst
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-623,840
Other Revenue
$0
Change in Net Assets
$-6,815,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$-623,840
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,105,840
Total Revenue per Audited Statements
$482,000
Total Revenue per Form 990
$-623,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,036,000
Office Expenses---$82,921
Fees for Services Accounting---$24,000
Insurance---$16,811
Other Expenses---$15,783
Total Functional Expenses$0$0$0$6,192,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,192,000
Total Expenses per Audited Statements$6,192,000
Total Expenses per Form 990$6,192,000
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Sponsoring organization's external cpa firm prepares form 990, then reviewed by investment and legal offices before submitted. A copy of the form is e-mailed to the governing members/trustees before it was filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Lifeway has a chief compliance officer within its legal department. A 800# goes to the individual's office for anyone to report a violation. Trustees/directors are required to sign a conflict of interest disclosure form annually, which is kept on file for a minimum of 3 years per the committee's documentation retention policy.”

Form 990, Part VI, Section C, Line 19

“Documents are available for inspection at the sponsoring organization's office.”

Filing and Contact Details

Filer

Filer Name
Lifeway Christian Resources Post-
EIN
36-6913023
Phone
6152512000
Address
ONE LIFEWAY PLAZA, NASHVILLE, TN 37234

Signing Officer

Name
Christopher S Knight
Title
SVP, CLO & Corporate Secretary
Phone
6152512000
Signed
2024-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher S Knight
Formed
1989
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Lbmc Pc
Address
PO BOX 1869, BRENTWOOD, TN 37024-1869
Preparer
Mayumi Stella
Phone
6153774600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The trust funding the plans has received an exemption letter from the internal revenue service dated may 25, 1990, stating that the trust is taxexempt under the provisions of section 501(c)(9) of the internal revenue code (the "irc") as a voluntary employees' beneficiary association. The plans and the trust are required to operate in conformity with the irc to maintain its qualified status. The management of lifeway believes the plans are being operated in compliance with the applicable requirements of the irc and therefore, believes that the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the trust and recognize a tax liability or asset if the trust has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The trustee has analyzed the tax positions taken by the trust, and has concluded that as of september 30, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements. The trust has recognized no interest or penalties related to uncertain tax positions. The trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix357 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE THROUGH JUNE 22
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE THROUGH JUNE 22
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR THROUGH JULY 22
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST FUNDING THE PLANS HAS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED MAY 25, 1990, STATING THAT THE TRUST IS TAXEXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (THE "IRC") AS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION. THE PLANS AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN ITS QUALIFIED STATUS. THE MANAGEMENT OF LIFEWAY BELIEVES THE PLANS ARE BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE TRUSTEE HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TRUST, AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPONSORING ORGANIZATION'S EXTERNAL CPA FIRM PREPARES FORM 990, THEN REVIEWED BY INVESTMENT AND LEGAL OFFICES BEFORE SUBMITTED. A COPY OF THE FORM IS E-MAILED TO THE GOVERNING MEMBERS/TRUSTEES BEFORE IT WAS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LIFEWAY HAS A CHIEF COMPLIANCE OFFICER WITHIN ITS LEGAL DEPARTMENT. A 800# GOES TO THE INDIVIDUAL'S OFFICE FOR ANYONE TO REPORT A VIOLATION. TRUSTEES/DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY, WHICH IS KEPT ON FILE FOR A MINIMUM OF 3 YEARS PER THE COMMITTEE'S DOCUMENTATION RETENTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE SPONSORING ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LIFEWAY CHRISTIAN RESOURCES OF THE SOUTHERN BAPTIST CONVENTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620505208
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS PUBLICATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE LIFEWAY PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NASHVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037234
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt023235000
IRS990/TotalAssetsEOYAmt017507000
IRS990/TotalAssetsGrp/BOYAmt023235000
IRS990/TotalAssetsGrp/EOYAmt017507000
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06192000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053000
IRS990/TotalLiabilitiesEOYAmt035000
IRS990/TotalLiabilitiesGrp/BOYAmt053000
IRS990/TotalLiabilitiesGrp/EOYAmt035000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023182000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017472000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-623840
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-623840
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023235000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017507000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE LIFEWAY PLAZA
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037234
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER S KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP, CLO & CORPORATE SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06152512000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFEWAY CHRISTIAN RESOURCES POST-
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RETIREMENT BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0366913023
ReturnHeader/Filer/PhoneNum06152512000
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE LIFEWAY PLAZA
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037234
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621199757
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LBMC PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1869
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRENTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0370241869
ReturnHeader/PreparerPersonGrp/PhoneNum06153774600
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MAYUMI STELLA
ReturnHeader/ReturnTs02024-03-06T15:18:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNIGHT
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,507,000
Liabilities
$35,000
Net assets
$17,472,000
Revenue
-$623,840
Expenses
$6,192,000
Net income
-$6,815,840
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.2$0.04$15.2$0.53$1.19$0.66
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$0.05$16.1$0.25$3.53$3.28
2023Detailed filing. Detailed filing data is available for this year.$17.5$0.04$17.5$0.62$6.19$6.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.2$0.05$23.2$1.02$1.25$0.22
2021Detailed filing. Detailed filing data is available for this year.$30.2$0.06$30.2$1.00$1.42$0.42
2020Detailed filing. Detailed filing data is available for this year.$31.5$0.06$31.4$1.33$5.92$4.60