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Nonprofiteer
← LIFE CENTER FOUNDATION

Form 990 for tax year 2025

Filed by LIFE CENTER FOUNDATION.

Totals

Total revenue
$69,644
Total expenses
$123,207
Contributions and grants received
$45,030
Grants paid
$100,000
Program service revenue
$0
Investment income
$24,614
Other revenue
$0
Total assets, end of year
$350,838
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$350,838
Program services expenses (Part IX)
$100,000
Management and general expenses
$23,207
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 81.2% 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.

  • 1f · All other contributions, gifts and grants

    $45,030

  • 3 · Investment income

    total $4,548 · related or exempt $116 · excluded $4,432

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,894 · related or exempt $1,894

  • 7a · Gross sales of assets other than inventory

    securities $123,924 · other assets $1,405

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

    securities $107,157

  • 7c · Gain or loss

    securities $16,767 · other assets $1,405

  • 7d · Net gain or loss

    total $18,172 · excluded $18,172

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11c · Fees: accounting

    total $6,860 · management and general $6,860

  • 11f · Fees: investment management

    total $3,025 · management and general $3,025

  • 11g · Fees: other

    total $4,767 · management and general $4,767

  • 13 · Office expenses

    total $1,820 · management and general $1,820

  • 14 · Information technology

    total $283 · management and general $283

  • 16 · Occupancy

    total $4,650 · management and general $4,650

  • 23 · Insurance

    total $1,802 · management and general $1,802

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,067 · end of year $21,914

  • 2 · Savings and temporary cash investments

    beginning of year $5,979 · end of year $3,057

  • 10a · Land, buildings and equipment: cost or other basis

    $13,174

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,174

  • 12 · Investments: other securities

    beginning of year $360,915 · end of year $325,867

  • 31 · Retained earnings, endowment or other funds

    beginning of year $384,961 · end of year $350,838

Mission and programs · 2025

Mission

PROVIDE FUNDING FOR NON-PROFIT ORGANIZATIONS THAT PROVIDE PROGRAMS FOR NM CHILDREN AND TEENS

  • PROVIDE ANNUAL GRANT AWARDS FOR NON-PROFITS IN NM THAT SERVE CHILDREN & TEENS LIVING IN NM MARGINALIZED HOUSEHOLDS.

    Expenses $100,000 · Grants $100,000

As filed on the 2025 return.

Listed in Part VII

  • Marjorie Miller-Engel

    PRESIDENT

    Total calculated
    $0

  • Max Myers

    SECRETARY

    Total calculated
    $0

  • Robert A Engel

    DIRECTOR

    Total calculated
    $0

  • Linda Hale-Osborne

    DIRECTOR

    Total calculated
    $0

  • Rosalind Milloy

    TREASURER

    Total calculated
    $0

  • Charlotte Montoya-Capling

    DIRECTOR

    Total calculated
    $0

  • Myrna Ruskin

    DIRECTOR

    Total calculated
    $0

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
2025
Filed
1 June 2026
IRS schema version
2025v4.0
Source object
202601689349300535

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