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Nonprofiteer
← RURAL LIFE FOUNDATION INC

Form 990 for tax year 2024

Filed by RURAL LIFE FOUNDATION INC.

Totals

Total revenue
$5,388,659
Total expenses
$6,220,863
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,382,206
Investment income
$6,453
Other revenue
$0
Total assets, end of year
$6,331,886
Total liabilities, end of year
$1,157,484
Net assets or fund balances, end of year
$5,174,402
Program services expenses (Part IX)
$4,101,417
Management and general expenses
$2,119,446
Fundraising expenses
$0
Program service expenses (Part III)
$4,101,417

Program services were 65.9% 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.

  • 2a · Program service revenue: Nursing home

    total $3,712,793 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: School

    total $1,354,050 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Miscellaneous

    total $74,037 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Various program revenues

    total $4,551 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: WDNX underwriting

    total $12,090 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $224,685 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,453 · unrelated business $6,453 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,343,592 · program services $2,550,488 · management and general $793,104 · fundraising $0

  • 9 · Other employee benefits

    total $210,835 · program services $170,202 · management and general $40,633 · fundraising $0

  • 10 · Payroll taxes

    total $186,581 · program services $148,914 · management and general $37,667 · fundraising $0

  • 11c · Fees: accounting

    total $58,082 · program services $0 · management and general $58,082 · fundraising $0

  • 12 · Advertising and promotion

    total $15,469 · program services $0 · management and general $15,469 · fundraising $0

  • 17 · Travel

    total $70,799 · program services $0 · management and general $70,799 · fundraising $0

  • 20 · Interest

    total $31,270 · program services $0 · management and general $31,270 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $190,519 · program services $133,403 · management and general $57,116 · fundraising $0

  • 23 · Insurance

    total $165,000 · program services $6,500 · management and general $158,500 · fundraising $0

  • 24a · Other expenses: Textbooks

    total $172,558 · program services $172,558 · management and general $0 · fundraising $0

  • 24b · Other expenses: Mission trips

    total $2,759 · program services $2,759 · management and general $0 · fundraising $0

  • 24c · Other expenses: Repairs and maintenance

    total $128,622 · program services $0 · management and general $128,622 · fundraising $0

  • 24d · Other expenses: Taxes and licenses

    total $25,790 · program services $0 · management and general $25,790 · fundraising $0

  • 24e · All other expenses

    total $1,618,987 · program services $916,593 · management and general $702,394 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,033,257 · end of year $237,355

  • 4 · Accounts receivable

    beginning of year $630,492 · end of year $676,976

  • 8 · Inventories for sale or use

    beginning of year $108,079 · end of year $104,528

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,156 · end of year $99,654

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

    $7,999,011

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

    $2,844,252

  • 10c · Land, buildings and equipment, net

    beginning of year $4,971,984 · end of year $5,154,759

  • 15 · Other assets

    beginning of year $35,573 · end of year $58,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,942 · end of year $582,583

  • 19 · Deferred revenue

    beginning of year $12,184 · end of year $11,976

  • 23 · Secured mortgages and notes payable

    beginning of year $383,848 · end of year $392,923

  • 25 · Other liabilities

    beginning of year $146,961 · end of year $170,002

  • 27 · Net assets without donor restrictions

    beginning of year $6,006,606 · end of year $5,174,402

Mission and programs · 2024

Mission

School

  • Nursing home - Provide medical care to patients and provided a setting to teach students the principles associated with work.

    Expenses $2,631,697 · Revenue $3,929,603

  • School - Educated students (K-12)

    Expenses $1,469,720 · Revenue $1,453,053

As filed on the 2024 return.

Listed in Part VII

  • Ulysses Aguilar

    Administration

    Total calculated
    $76,480
    From this org
    $76,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Thomas Flint

    Secretary

    Total calculated
    $24,040
    From this org
    $24,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephen Dickman

    President

    Total calculated
    $15,740
    From this org
    $15,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joe Simpson

    Vice-President

    Total calculated
    $15,740
    From this org
    $15,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janet Garrison

    Board Member

    Total calculated
    $17,532
    From this org
    $17,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Alton Cantarutti

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • William Moon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Chester Clark

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brenda Palmer

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Dennis Schelles

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Wanda Sarr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen Grabiner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Duman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Angel White

    Board Member

    Total calculated
    $15,740
    From this org
    $15,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bob Wint

    Board Member

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
3 June 2026
IRS schema version
2024v5.2
Source object
202602309349302795

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