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← LIFE LINE HOMES

Form 990 for tax year 2023

Filed by LIFE LINE HOMES.

Totals

Total revenue
$73,076
Total expenses
$41,210
Contributions and grants received
$0
Grants paid
$36,919
Program service revenue
$0
Investment income
$73,076
Other revenue
$0
Total assets, end of year
$1,124,571
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,124,571
Program services expenses (Part IX)
$36,919
Management and general expenses
$4,291
Fundraising expenses
$0
Program service expenses (Part III)
$36,919

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $49,231 · excluded $49,231

  • 7a · Gross sales of assets other than inventory

    securities $42,976

  • 7b · Less cost or other basis and sales expenses

    securities $19,131

  • 7c · Gain or loss

    securities $23,845

  • 7d · Net gain or loss

    total $23,845 · excluded $23,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,919 · program services $36,919

  • 11c · Fees: accounting

    total $2,250 · management and general $2,250

  • 13 · Office expenses

    total $20 · management and general $20

  • 19 · Conferences, conventions and meetings

    total $1,753 · management and general $1,753

  • 24e · All other expenses

    total $268 · management and general $268

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,003 · end of year $5,003

  • 4 · Accounts receivable

    beginning of year $3,630 · end of year $4,479

  • 11 · Investments: publicly traded securities

    beginning of year $1,048,488 · end of year $1,115,089

  • 27 · Net assets without donor restrictions

    beginning of year $1,057,121 · end of year $1,124,571

Mission and programs · 2023

Mission

MINISTERING TO YOUTH IN NEED

  • YOUTH DEVELOPMENT- SEVEN GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS IN THE AREA OF YOUTH DEVELOPMENT

    Expenses $26,119 · Grants $26,119

  • ADOPTION- ONE GRANT PROVIDED TO AN ORGANIZATION ASSOCIATED WITH THE FREE METHODIST CHURCH DESIGNATED FOR ADOPTION ASSISTANCE

    Expenses $6,000 · Grants $6,000

  • CAPITAL PROJECTS- ONE GRANT PROVIDED TO NON-PROFIT ORGANIZATIONS IN THE AREA OF PURCHASING EQUIPMENT OR REMODELING

    Expenses $4,000 · Grants $4,000

  • FREE METHODIST FOUNDATION PLANNED GIVING

    Expenses $800 · Grants $800

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Jacobsen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ostrander

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Oscarson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Schuberth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Clarence Oscy Oscarson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Tidball

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Hull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
16 December 2024
IRS schema version
2023v5.1
Source object
202403559349301500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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