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← THE GRATEFUL LIVES FOUNDATION

Form 990 for tax year 2023

Filed by THE GRATEFUL LIVES FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 13 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$55,348,909
Total expenses
$12,702,593
Contributions and grants received
$42,021,987
Grants paid
$12,365,000
Program service revenue
$0
Investment income
$13,326,922
Other revenue
$0
Total assets, end of year
$709,576,436
Total liabilities, end of year
$81,250
Net assets or fund balances, end of year
$709,495,186
Program services expenses (Part IX)
$12,365,000
Management and general expenses
$337,593
Fundraising expenses
$0
Program service expenses (Part III)
$12,365,000

Program services were 97.3% 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

    $42,021,987

  • 1g · Noncash contributions included above

    $17,046,788

  • 3 · Investment income

    total $14,318,900 · excluded $14,318,900

  • 7a · Gross sales of assets other than inventory

    securities $60,532,116

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

    securities $61,524,094

  • 7c · Gain or loss

    securities -$991,978

  • 7d · Net gain or loss

    total -$991,978 · excluded -$991,978

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,365,000 · program services $12,365,000

  • 5 · Compensation of officers, directors and key employees

    total $243,563 · management and general $243,563

  • 11b · Fees: legal

    total $64,005 · management and general $64,005

  • 11g · Fees: other

    total $30,025 · management and general $30,025

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $26,067,691 · end of year $42,530,303

  • 11 · Investments: publicly traded securities

    beginning of year $482,019,368 · end of year $667,046,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,250 · end of year $81,250

  • 29 · Capital stock, trust principal or current funds

    beginning of year $508,005,809 · end of year $709,495,186

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To support Christian-based ministries that serve the spiritual, educational, and physical needs of people, helping them come to know the love of Christ and live a dedicated Christian life.

Activities or mission (Part I)

To support Christian-based ministries that help people live a dedicated Christian life.

  • The Foundation made grants, totaling $12,365,000, to its supported organization, the National Christian Charitable Foundation (NCF).

    Expenses $12,365,000 · Grants $12,365,000

As filed on the 2023 return.

Listed in Part VII

  • Jonathan C Burrell

    President/Trustee

    Total calculated
    $0
    Hours/week
    5

  • Devon Rolf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael King

    Trustee

    Total calculated
    $324,744
    From this org
    $0
    From related orgs
    $277,185
    Other
    $47,559
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,885 related
    Bonus
    $0 + $30,300 related
    Other
    $0
    Deferred
    $0 + $12,767 related
    Nontaxable benefits
    $0 + $34,792 related
    Filer's total
    $0 + $324,744 related

  • Paul Forbes

    Trustee

    Total calculated
    $232,225
    From this org
    $0
    From related orgs
    $198,862
    Other
    $33,363
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,562 related
    Bonus
    $0 + $17,300 related
    Other
    $0
    Deferred
    $0 + $8,812 related
    Nontaxable benefits
    $0 + $24,551 related
    Filer's total
    $0 + $232,225 related

  • Kelly Shepard

    Trustee/Former Secretary

    Total calculated
    $109,814
    From this org
    $0
    From related orgs
    $83,512
    Other
    $26,302
    Hours/week
    1 + 40 related

  • Dana Ring

    Secretary/Trustee

    Total calculated
    $249,249
    From this org
    $0
    From related orgs
    $227,735
    Other
    $21,514
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,935 related
    Bonus
    $0 + $18,800 related
    Other
    $0
    Deferred
    $0 + $9,800 related
    Nontaxable benefits
    $0 + $11,714 related
    Filer's total
    $0 + $249,249 related

  • Bessemer Trust Co of Delaware NA

    Trustee

    Total calculated
    $243,563
    From this org
    $243,563
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

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
13 February 2025
IRS schema version
2023v6.0
Source object
202520449349301012

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