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Nonprofiteer
← THE GRATEFUL LIVES FOUNDATION

Form 990 for tax year 2022

Filed by THE GRATEFUL LIVES FOUNDATION.

Totals

Total revenue
$44,773,840
Total expenses
$23,141,718
Contributions and grants received
$35,648,058
Grants paid
$22,896,199
Program service revenue
$0
Investment income
$9,125,782
Other revenue
$0
Total assets, end of year
$508,087,059
Total liabilities, end of year
$81,250
Net assets or fund balances, end of year
$508,005,809
Program services expenses (Part IX)
$22,896,199
Management and general expenses
$245,519
Fundraising expenses
$0
Program service expenses (Part III)
$22,896,199

Program services were 98.9% 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.

  • 1f · All other contributions, gifts and grants

    $35,648,058

  • 1g · Noncash contributions included above

    $10,781,726

  • 3 · Investment income

    total $12,547,700 · excluded $12,547,700

  • 7a · Gross sales of assets other than inventory

    securities $34,690,757

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

    securities $38,112,675

  • 7c · Gain or loss

    securities -$3,421,918

  • 7d · Net gain or loss

    total -$3,421,918 · excluded -$3,421,918

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,896,199 · program services $22,896,199

  • 5 · Compensation of officers, directors and key employees

    total $210,112 · management and general $210,112

  • 11b · Fees: legal

    total $29,518 · management and general $29,518

  • 11g · Fees: other

    total $5,889 · management and general $5,889

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $26,951,131 · end of year $26,067,691

  • 11 · Investments: publicly traded securities

    beginning of year $644,673,347 · end of year $482,019,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,250 · end of year $81,250

  • 29 · Capital stock, trust principal or current funds

    beginning of year $671,543,228 · end of year $508,005,809

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To support Christian-based ministries that serve the spiritual, educational, and physical needs of people, helping them come to know the love of Christ and live a dedicated Christian life.

Activities or mission (Part I)

To support Christian-based ministries that help people live a dedicated Christian life.

  • The Foundation made grants, totaling $22,896,199, to its supported organization, the National Christian Charitable Foundation (NCF).

    Expenses $22,896,199 · Grants $22,896,199

As filed on the 2022 return.

Listed in Part VII

  • Jonathan C Burrell

    President/Trustee

    Total calculated
    $0
    Hours/week
    5

  • Devon Rolf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael King

    Trustee

    Total calculated
    $296,662
    From this org
    $0
    From related orgs
    $257,052
    Other
    $39,610
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,052 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $6,500 related
    Nontaxable benefits
    $0 + $33,110 related
    Filer's total
    $0 + $296,662 related

  • Paul Forbes

    Trustee

    Total calculated
    $204,062
    From this org
    $0
    From related orgs
    $175,661
    Other
    $28,401
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,661 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $5,150 related
    Nontaxable benefits
    $0 + $23,251 related
    Filer's total
    $0 + $204,062 related

  • Kelly Shepard

    Trustee/Former Secretary

    Total calculated
    $95,824
    From this org
    $0
    From related orgs
    $70,584
    Other
    $25,240
    Hours/week
    1 + 40 related

  • Dana Ring

    Secretary/Trustee

    Total calculated
    $220,575
    From this org
    $0
    From related orgs
    $203,679
    Other
    $16,896
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,679 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $5,757 related
    Nontaxable benefits
    $0 + $11,139 related
    Filer's total
    $0 + $220,575 related

  • Bessemer Trust Co of Delaware NA

    Trustee

    Total calculated
    $210,112
    From this org
    $210,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Marye E Lord

    Former Secretary/Former Tr

    Total calculated
    $139,657
    From this org
    $0
    From related orgs
    $125,489
    Other
    $14,168
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,489 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $2,599 related
    Nontaxable benefits
    $0 + $11,569 related
    Filer's total
    $0 + $139,657 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343129349303144

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