Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $710,250

• 1e · Government grants (contributions)

  $1,000,000

• 1f · All other contributions, gifts and grants

  $12,116,123

• 1g · Noncash contributions included above

  $1,505,270

• 2a · Program service revenue: FEES

  total $6,830 · related or exempt $6,830

• 3 · Investment income

  total $253,206 · excluded $253,206

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

  other assets $10,810

• 7c · Gain or loss

  other assets -$10,810

• 7d · Net gain or loss

  total -$10,810 · excluded -$10,810

• 8a · Fundraising events: gross income

  $171,600

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

  $710,250

• 8b · Fundraising events: direct expenses

  $223,670

• 8c · Net income from fundraising events

  total -$52,070 · excluded -$52,070

• 11a · Other revenue: BARTER REVENUE

  total $56,328 · excluded $56,328

• 11b · Other revenue: OTHER REVENUE

  total $38,247 · excluded $38,247

• 11e · Other revenue, total

  $94,575

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $60,000 · program services $60,000

• 5 · Compensation of officers, directors and key employees

  total $286,947 · program services $71,737 · management and general $157,821 · fundraising $57,389

• 7 · Other salaries and wages

  total $5,100,206 · program services $3,747,175 · management and general $783,005 · fundraising $570,026

• 8 · Pension plan contributions

  total $84,006 · program services $61,316 · management and general $13,068 · fundraising $9,622

• 9 · Other employee benefits

  total $1,016,650 · program services $722,967 · management and general $184,765 · fundraising $108,918

• 10 · Payroll taxes

  total $429,591 · program services $296,479 · management and general $85,115 · fundraising $47,997

• 11b · Fees: legal

  total $43,527 · management and general $43,527

• 11c · Fees: accounting

  total $50,625 · management and general $50,625

• 11e · Fees: professional fundraising services

  total $240,534 · fundraising $240,534

• 11g · Fees: other

  total $1,421,958 · program services $566,491 · management and general $179,492 · fundraising $675,975

• 12 · Advertising and promotion

  total $156,546 · program services $12,125 · management and general $80 · fundraising $144,341

• 13 · Office expenses

  total $100,885 · program services $88,894 · management and general $11,566 · fundraising $425

• 14 · Information technology

  total $1,632 · program services $1,198 · fundraising $434

• 16 · Occupancy

  total $675,070 · program services $563,608 · management and general $76,610 · fundraising $34,852

• 17 · Travel

  total $27,714 · program services $17,681 · management and general $8,862 · fundraising $1,171

• 19 · Conferences, conventions and meetings

  total $57,560 · program services $16,839 · management and general $39,502 · fundraising $1,219

• 20 · Interest

  total $289,001 · management and general $289,001

• 22 · Depreciation, depletion and amortization

  total $622,582 · program services $243,296 · management and general $332,260 · fundraising $47,026

• 23 · Insurance

  total $229,487 · program services $168,449 · management and general $36,847 · fundraising $24,191

• 24a · Other expenses: INKIND EXPENSES

  total $878,804 · program services $878,804

• 24b · Other expenses: FOOD

  total $861,165 · program services $859,021 · management and general $2,144

• 24c · Other expenses: CLIENT COSTS

  total $582,585 · program services $579,267 · management and general $3,318

• 24d · Other expenses: EQUIPMENT

  total $336,139 · program services $259,236 · management and general $37,754 · fundraising $39,149

• 24e · All other expenses

  total $989,628 · program services $579,560 · management and general $133,343 · fundraising $276,725

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,884 · end of year $34,986

• 2 · Savings and temporary cash investments

  beginning of year $2,515,982 · end of year $1,931,595

• 3 · Pledges and grants receivable

  beginning of year $84,137 · end of year $951,298

• 4 · Accounts receivable

  beginning of year $9,434 · end of year $18,993

• 7 · Other notes and loans receivable

  beginning of year $12,483,450 · end of year $12,483,450

• 8 · Inventories for sale or use

  beginning of year $221,934 · end of year $172,784

• 9 · Prepaid expenses and deferred charges

  beginning of year $383,470 · end of year $449,124

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

  $4,171,592

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

  $1,505,054

• 10c · Land, buildings and equipment, net

  beginning of year $2,004,482 · end of year $2,666,538

• 11 · Investments: publicly traded securities

  beginning of year $7,646 · end of year $2,852

• 12 · Investments: other securities

  beginning of year $8,019,278 · end of year $8,019,278

• 15 · Other assets

  beginning of year $14,821,365 · end of year $15,878,379

• 17 · Accounts payable and accrued expenses

  beginning of year $313,798 · end of year $1,023,383

• 19 · Deferred revenue

  beginning of year $170,994 · end of year $171,009

• 24 · Unsecured notes and loans payable

  beginning of year $750,000 · end of year $1,368,125

• 25 · Other liabilities

  beginning of year $11,573,522 · end of year $12,717,750

• 27 · Net assets without donor restrictions

  beginning of year $27,631,056 · end of year $26,728,264

• 28 · Net assets with donor restrictions

  beginning of year $122,692 · end of year $600,746

The filer's explanations (Part III)

PART I, LINE 3

LIGHT OF LIFE (A RELATED ORGANIZATION) CONDUCTED A COMPENSATION STUDY AND THE LIGHT OF LIFE BOARD OF DIRECTORS APPROVED THE EMPLOYMENT CONTRACT.