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Nonprofiteer
← FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES.

Totals

Total revenue
$8,654,571
Total expenses
$3,489,706
Contributions and grants received
$0
Grants paid
$2,470,527
Program service revenue
$0
Investment income
$702,989
Other revenue
$7,951,582
Total assets, end of year
$39,665,545
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,665,545
Program services expenses (Part IX)
$2,470,527
Management and general expenses
$1,019,179
Fundraising expenses
$0
Program service expenses (Part III)
$2,470,527

Program services were 70.8% 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.

  • 3 · Investment income

    total $901,304 · excluded $901,304

  • 5 · Royalties

    total $7,951,582 · excluded $7,951,582

  • 7a · Gross sales of assets other than inventory

    securities $14,859,621

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

    securities $15,057,936

  • 7c · Gain or loss

    securities -$198,315

  • 7d · Net gain or loss

    total -$198,315 · excluded -$198,315

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,470,527 · program services $2,470,527

  • 11f · Fees: investment management

    total $360,746 · management and general $360,746

  • 24a · Other expenses: SEVERANCE TAXES

    total $548,764 · management and general $548,764

  • 24b · Other expenses: BANK CHARGES

    total $109,669 · management and general $109,669

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $789,395 · end of year $993,953

  • 12 · Investments: other securities

    beginning of year $28,130,026 · end of year $38,352,592

  • 15 · Other assets

    beginning of year $346,890 · end of year $319,000

  • 27 · Net assets without donor restrictions

    beginning of year $27,983,845 · end of year $38,327,582

  • 28 · Net assets with donor restrictions

    beginning of year $1,282,466 · end of year $1,337,963

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED TO HOLD, MANAGE, SOLICIT, RECEIVE, ADMINISTER AND INVEST ASSETS FOR THE EXCLUSIVE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES.

  • SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES PROVIDED CONTRIBUTIONS TO THE CENTER FOR TRANSFORMING LIVES, WHICH USED THAT FUNDING IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.

    Expenses $2,470,527 · Grants $2,470,527

As filed on the 2023 return.

Listed in Part VII

  • William Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Hoover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maxwell Lea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginny Markley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Porter Pursley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Paladini

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Leann Behrens

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Carol Klocek

    CEO

    Total calculated
    $394,056
    From this org
    $0
    From related orgs
    $368,654
    Other
    $25,402
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,654 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $23,583 related
    Nontaxable benefits
    $0 + $1,819 related
    Filer's total
    $0 + $394,056 related

  • Jason Richardson

    CFO

    Total calculated
    $237,527
    From this org
    $0
    From related orgs
    $208,427
    Other
    $29,100
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,427 related
    Bonus
    $0 + $18,000 related
    Other
    $0
    Deferred
    $0 + $15,813 related
    Nontaxable benefits
    $0 + $13,287 related
    Filer's total
    $0 + $237,527 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

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
30 June 2025
IRS schema version
2023v6.0
Source object
202531829349300213

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