Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $366,695

• 1d · Related organizations

  $37,400

• 1e · Government grants (contributions)

  $31,821

• 1f · All other contributions, gifts and grants

  $20,522,787

• 1g · Noncash contributions included above

  $411,257

• 3 · Investment income

  total $4,562,633 · excluded $4,562,633

• 6a · Gross rents

  real property $35,684

• 6b · Less rental expenses

  real property $37,596

• 6c · Rental income or loss

  real property -$1,912

• 6d · Net rental income or loss

  total -$1,912 · excluded -$1,912

• 7a · Gross sales of assets other than inventory

  securities $18,508,182

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

  securities $15,460,259

• 7c · Gain or loss

  securities $3,047,923

• 7d · Net gain or loss

  total $3,047,923 · excluded $3,047,923

• 8a · Fundraising events: gross income

  $69,330

• 8a · Fundraising events: contributions included on line 1c

  $366,695

• 8b · Fundraising events: direct expenses

  $12,041

• 8c · Net income from fundraising events

  total $57,289 · excluded $57,289

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,017,173 · program services $1,017,173

• 2 · Grants to domestic individuals

  total $34,143 · program services $34,143

• 5 · Compensation of officers, directors and key employees

  total $171,794 · management and general $85,897 · fundraising $85,897

• 7 · Other salaries and wages

  total $488,837 · program services $7,237 · management and general $85,325 · fundraising $396,275

• 8 · Pension plan contributions

  total $12,444 · program services $183 · management and general $2,195 · fundraising $10,066

• 9 · Other employee benefits

  total $52,985 · program services $563 · management and general $13,315 · fundraising $39,107

• 10 · Payroll taxes

  total $47,843 · program services $528 · management and general $12,317 · fundraising $34,998

• 11b · Fees: legal

  total $167 · program services $103 · management and general $64

• 11c · Fees: accounting

  total $29,789 · management and general $29,789

• 11f · Fees: investment management

  total $201,488 · management and general $201,488

• 12 · Advertising and promotion

  total $689 · management and general $120 · fundraising $569

• 13 · Office expenses

  total $8,118 · management and general $2,100 · fundraising $6,018

• 16 · Occupancy

  total $23,175 · program services $12,600 · management and general $2,697 · fundraising $7,878

• 19 · Conferences, conventions and meetings

  total $2,295 · management and general $2,295

• 22 · Depreciation, depletion and amortization

  total $32,997 · program services $22,283 · fundraising $10,714

• 23 · Insurance

  total $1,358 · management and general $1,004 · fundraising $354

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $59,169 · fundraising $59,169

• 24b · Other expenses: CAPITAL CAMPAIGN

  total $25,617 · fundraising $25,617

• 24c · Other expenses: REPAIRS

  total $19,113 · program services $18,159 · fundraising $954

• 24e · All other expenses

  total $70,027 · program services $860 · management and general $3,622 · fundraising $65,545

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $101,884 · end of year $112,076

• 3 · Pledges and grants receivable

  beginning of year $887,279 · end of year $2,292,148

• 4 · Accounts receivable

  beginning of year $237,707 · end of year $388,643

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,468 · end of year $1,468

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

  $287,300

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

  $101,089

• 10c · Land, buildings and equipment, net

  beginning of year $399,956 · end of year $186,211

• 11 · Investments: publicly traded securities

  beginning of year $61,485,895 · end of year $73,594,172

• 12 · Investments: other securities

  beginning of year $53,557,565 · end of year $71,765,797

• 15 · Other assets

  beginning of year $123,193 · end of year $94,700

• 17 · Accounts payable and accrued expenses

  beginning of year $239,398 · end of year $185,388

• 25 · Other liabilities

  beginning of year $1,301,620 · end of year $1,261,137

• 27 · Net assets without donor restrictions

  beginning of year $62,239,057 · end of year $75,755,585

• 28 · Net assets with donor restrictions

  beginning of year $53,014,872 · end of year $71,233,105

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT OF THE ORGANIZATION IS THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION. PART I HAS BEEN COMPLETED IN REGARD TO THE PRESIDENT'S COMPENSATION. COMPENSATION FOR THE CEO IS DETERMINED BY THE PARENT ORGANIZATION, LIFESCAPE. LIFESCAPE USES THE METHODS DESCRIBED IN PART I LINE 3 TO DETERMINE COMPENSATION FOR THE CEO.

PART I, LINE 4B

STEVE WATKINS HAS A NONQUALIFIED DEFERRED COMPENSATION AGREEMENT UNDER IRC 457(F). THE BALANCE IN THE FUND AS OF DECEMBER 31, 2023 IS $41,762, WHICH INCLUDES 2023 CONTRIBUTIONS OF $40,000 AND EARNINGS OF $1,762.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LIFESCAPE FOUNDATION LEGACY LAND HOLDINGS I LLC

  HOLDING COMPANY · SD · income $73,083 · assets $172,920

  Directly controlled by LIFESCAPE FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BEACON APARTMENTS LIMITED PARTNERSHIP

  LOW INCOME HOUSING · SD

Related corporations and trusts

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

• REHABILITATION MEDICAL SUPPLY

  C · SALES & SERVICE OF DURABLE MEDICAL EQUIPMENT, ORTHOTICS, & PROSTHETICS · SD