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Nonprofiteer
← LIFE FUND INC

Form 990 for tax year 2023

Filed by LIFE FUND INC.

Totals

Total revenue
$80,868
Total expenses
$159,183
Contributions and grants received
$80,695
Grants paid
$158,467
Program service revenue
$0
Investment income
$0
Other revenue
$173
Total assets, end of year
$91,662
Total liabilities, end of year
$3
Net assets or fund balances, end of year
$91,659
Program services expenses (Part IX)
$159,183
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$159,183

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BARB PIETRANGELO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MARK HANNA CLU CHFC AIF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MICHAEL WEINTRAUB

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • R JAN PINNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • PAUL DOUGHERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MARGARET LEYES

    CHIEF CREATIVE OFFICER

    Total calculated
    $218,487
    From this org
    $0
    From related orgs
    $193,768
    Other
    $24,719
    Hours/week
    10 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,768 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,169 related
    Nontaxable benefits
    $0 + $14,550 related
    Filer's total
    $0 + $218,487 related

  • BRIAN STEINER

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 35 related

  • ERNI DAVIS

    CFO

    Total calculated
    $231,791
    From this org
    $0
    From related orgs
    $208,786
    Other
    $23,005
    Hours/week
    10 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,464 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $5,902 related
    Nontaxable benefits
    $0 + $17,103 related
    Filer's total
    $0 + $231,791 related

  • KEVIN M MAYEUX

    CEO

    Total calculated
    $592,482
    From this org
    $0
    From related orgs
    $562,364
    Other
    $30,118
    Hours/week
    10 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,747 related
    Bonus
    $0 + $64,375 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $20,218 related
    Filer's total
    $0 + $592,482 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 FUND DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION(THE FOUNDATION), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). COMPARABLES FOR LOCATION AND TITLES ARE RESEARCHED THROUGH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT AND THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES. THE FOUNDATION'S PRESIDENT AND CEO SALARY IS REVIEWED BY THE ENTIRE EXECUTIVE 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307242

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