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Nonprofiteer
← THE LIFESPACE FOUNDATION

Form 990 for tax year 2022

Filed by THE LIFESPACE FOUNDATION.

Totals

Total revenue
$3,684,311
Total expenses
$4,577,501
Contributions and grants received
$3,516,412
Grants paid
$4,495,322
Program service revenue
$0
Investment income
$167,899
Other revenue
$0
Total assets, end of year
$9,308,241
Total liabilities, end of year
$1,223,425
Net assets or fund balances, end of year
$8,084,816
Program services expenses (Part IX)
$4,495,322
Management and general expenses
$82,179
Fundraising expenses
$0
Program service expenses (Part III)
$4,495,322

Program services were 98.2% 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.

  • 1d · Related organizations

    $522,779

  • 1f · All other contributions, gifts and grants

    $2,993,633

  • 1g · Noncash contributions included above

    $21,917

  • 3 · Investment income

    total $164,747 · excluded $164,747

  • 7a · Gross sales of assets other than inventory

    securities $2,933,569

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

    securities $2,930,417

  • 7c · Gain or loss

    securities $3,152

  • 7d · Net gain or loss

    total $3,152 · excluded $3,152

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,247,488 · program services $4,247,488

  • 2 · Grants to domestic individuals

    total $247,834 · program services $247,834

  • 11a · Fees: management

    total $33,681 · management and general $33,681

  • 11c · Fees: accounting

    total $23,450 · management and general $23,450

  • 12 · Advertising and promotion

    total $258 · management and general $258

  • 13 · Office expenses

    total $2,814 · management and general $2,814

  • 14 · Information technology

    total $19,068 · management and general $19,068

  • 24a · Other expenses: BANK CHARGES

    total $1,911 · management and general $1,911

  • 24b · Other expenses: LICENSE & FEES

    total $997 · management and general $997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,705 · end of year $472,300

  • 3 · Pledges and grants receivable

    beginning of year $30,569 · end of year $39,828

  • 12 · Investments: other securities

    beginning of year $10,087,984 · end of year $8,793,631

  • 15 · Other assets

    beginning of year $430 · end of year $2,482

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,670 · end of year $1,148,714

  • 25 · Other liabilities

    beginning of year $157,917 · end of year $74,711

  • 27 · Net assets without donor restrictions

    beginning of year $5,022 · end of year $5,739

  • 28 · Net assets with donor restrictions

    beginning of year $10,419,079 · end of year $8,079,077

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO RAISE AND INVEST FUNDS TO FURTHER THE CHARITABLE PURPOSES OF LIFESPACE COMMUNITIES, INC. AND ITS INDIVIDUAL COMMUNITIES AS WELL AS DEERFIELD RETIREMENT COMMUNITY, INC., NORTHWEST SENIOR HOUSING CORPORATION, BARTON CREEK SENIOR LIVING CENTER, INC., AND TARRANT COUNTY SENIOR LIVING CENTER, INC. SUCH CHARITABLE PURPOSE INCLUDES BENEVOLENT CARE TO SENIORS AND PROVISIONS TO PROVIDE DISASTER RELIEF AND EMERGENCY HARDSHIP FUNDS TO TEAM MEMBERS WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

Activities or mission (Part I)

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO RAISE AND INVEST FUNDS TO FURTHER THE CHARITABLE PURPOSES OF LIFESPACE COMMUNITIES, INC. AND ITS INDIVIDUAL COMMUNITIES AS WELL AS DEERFIELD RETIREMENT COMMUNITY, INC., NORTHWEST SENIOR HOUSING CORPORATION, BARTON CREEK SENIOR LIVING CENTER, INC. AND TARRANT COUNTY SENIOR LIVING CENTER INC. SUCH CHARITABLE PURPOSE INCLUDES BENEVOLENT CARE TO SENIORS AND PROVISIONS TO PROVIDE DISASTER RELIEF AND EMERGENCY HARDSHIP FUNDS TO TEAM MEMBERS WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

  • THE FOUNDATION'S MISSION IS TO RAISE AND INVEST FUNDS TO FURTHER THE CHARITABLE PURPOSES OF LIFESPACE COMMUNITIES, INC. AND ITS INDIVIDUAL COMMUNITIES AS WELL AS DEERFIELD RETIREMENT COMMUNITY, INC., NORTHWEST SENIOR HOUSING CORPORATION, BARTON CREEK SENIOR LIVING CENTER, INC., AND TARRANT COUNTY SENIOR LIVING CENTER, INC. SUCH CHARITABLE PURPOSE INCLUDES BENEVOLENT CARE TO SENIORS AND PROVISIONS TO PROVIDE DISASTER RELIEF AND EMERGENCY HARDSHIP FUNDS TO TEAM MEMBERS WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

    Expenses $4,495,322 · Grants $4,495,322

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JESSE JANTZEN

    PRESIDENT & CEO & DIRECTOR

    Total calculated
    $1,051,995
    From this org
    $0
    From related orgs
    $1,046,857
    Other
    $5,138
    Hours/week
    0.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,335 related
    Bonus
    $0 + $325,469 related
    Other
    $0 + $34,053 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,138 related
    Filer's total
    $0 + $1,051,995 related

  • NICK HARSHFIELD

    SVP & CFO

    Total calculated
    $603,563
    From this org
    $0
    From related orgs
    $593,591
    Other
    $9,972
    Hours/week
    0.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,007 related
    Bonus
    $0 + $160,411 related
    Other
    $0 + $8,173 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,972 related
    Filer's total
    $0 + $603,563 related

  • TIM GORMAN

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $156,632
    From this org
    $0
    From related orgs
    $155,000
    Other
    $1,632
    Hours/week
    0.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,632 related
    Filer's total
    $0 + $156,632 related

  • NEAL YANOFSKY

    DIRECTOR & CHAIR

    Total calculated
    $55,000
    From this org
    $0
    From related orgs
    $55,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • LAVERNE EPP

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $0
    From related orgs
    $43,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • ANA DUTRA

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $0
    From related orgs
    $43,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • PATRICK SPANGLER

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $0
    From related orgs
    $43,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • ROBERT KEHM

    DIRECTOR

    Total calculated
    $14,333
    From this org
    $0
    From related orgs
    $14,333
    Other
    $0
    Hours/week
    2 + 2.5 related

  • VENITA FIELDS

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $0
    From related orgs
    $43,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • PAULA SHIVES

    DIRECTOR

    Total calculated
    $11,667
    From this org
    $0
    From related orgs
    $11,667
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JOYCE DARKEY-HRINYA

    DIRECTOR

    Total calculated
    $41,000
    From this org
    $0
    From related orgs
    $41,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • LAURIE DOTTER

    DIRECTOR (THRU JUNE)

    Total calculated
    $17,500
    From this org
    $0
    From related orgs
    $17,500
    Other
    $0
    Hours/week
    2 + 2.5 related

  • SCOTT COLLIER

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $0
    From related orgs
    $35,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • SUE DELVAUX

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $0
    From related orgs
    $35,000
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JONATHAN SOKEYE

    DIRECTOR

    Total calculated
    $37,500
    From this org
    $0
    From related orgs
    $37,500
    Other
    $0
    Hours/week
    2 + 2.5 related

  • DAVID WILLIAMS

    DIRECTOR

    Total calculated
    $37,500
    From this org
    $0
    From related orgs
    $37,500
    Other
    $0
    Hours/week
    2 + 2.5 related

  • GARY BLACKFORD

    DIRECTOR

    Total calculated
    $37,500
    From this org
    $0
    From related orgs
    $37,500
    Other
    $0
    Hours/week
    2 + 2.5 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED AND PAID BY LIFESPACE COMMUNITIES, INC., A RELATED AFFILIATE. LIFESPACE COMMUNITIES, INC. USED THE FOLLOWING METHODS WHEN DETERMINING COMPENSATION: 1) COMPENSATION COMMITTEE, 2) INDEPENDENT CONSULTANT, 3) FORM 990 OF OTHER ORGANIZATIONS, 4) COMPENSATION SURVEY OR STUDY, AND 5) APPROVAL OF THE BOARD OR COMPENSATION COMMITTEE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313119349301116

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