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Nonprofiteer
← WORD OF LIFE FOUNDATION INC

Form 990 for tax year 2023

Filed by WORD OF LIFE FOUNDATION INC.

Totals

Total revenue
$24,510,604
Total expenses
$17,291,989
Contributions and grants received
$24,063,736
Grants paid
$17,098,683
Program service revenue
$0
Investment income
$446,868
Other revenue
$0
Total assets, end of year
$28,006,828
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$28,006,828
Program services expenses (Part IX)
$17,098,683
Management and general expenses
$119,453
Fundraising expenses
$73,853
Program service expenses (Part III)
$17,098,683

Program services were 98.9% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $24,063,736

  • 1g · Noncash contributions included above

    $12,079

  • 3 · Investment income

    total $606,063 · related or exempt $0 · unrelated business $0 · excluded $606,063

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $126,671 · other assets $0

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

    securities $285,866 · other assets $0

  • 7c · Gain or loss

    securities -$159,195 · other assets $0

  • 7d · Net gain or loss

    total -$159,195 · related or exempt $0 · unrelated business $0 · excluded -$159,195

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,098,683 · program services $17,098,683

  • 24a · Other expenses: Operational services

    total $193,306 · program services $0 · management and general $119,453 · fundraising $73,853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,733,040 · end of year $13,981,305

  • 2 · Savings and temporary cash investments

    beginning of year $15,932,030 · end of year $14,025,523

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $19,665,070 · end of year $28,006,828

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED AND IS OPERATED FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF WORD OF LIFE FELLOWSHIP INC. THE FOUNDATION RECEIVES AND DISTRIBUTES FUNDS TO WORD OF LIFE FELLOWSHIP INC AND OTHER TAX EXEMPT ORGANIZATIONS WHO FURTHER THE PURPOSES OF WORD OF LIFE FELLOWSHIP INC.

Activities or mission (Part I)

The Foundation is organized and operated exclusively to support the overall mission and vision of Word of Life Fellowship, Inc (Word of Life) . Word of Life will oversee the affairs of the Foundation and ensure that all actions of the Foundation are consistent with the mission, vision, values and purposes of Word of Life. The Foundation, by receiving and managing charitable contributions, will support Word of Life and other charities whose work furthers Word of Life's purposes.

  • THE FOUNDATION IS ORGANIZED AND IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF Word of Life Fellowship Inc . THE FOUNDATION RAISEs AND DISTRIBUTES FUNDS TO WORD OF LIFE FELLOWSHIP INC AND OTHER TAX EXEMPT ORGANIZATIONS WHO FURTHER THE PURPOSES OF WORD OF LIFE FELLOWSHIP INC.

    Expenses $17,098,683 · Grants $17,098,683

As filed on the 2023 return.

Listed in Part VII

  • Lough Don H

    Director

    Total calculated
    $185,826
    From this org
    $0
    From related orgs
    $161,847
    Other
    $23,979
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,847 related
    Bonus
    $0
    Other
    $0 + $23,979 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $185,826 related

  • Nelson Benjamin J

    Director

    Total calculated
    $125,963
    From this org
    $0
    From related orgs
    $109,887
    Other
    $16,076
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,887 related
    Bonus
    $0
    Other
    $0 + $16,076 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $125,963 related

  • Nightingale Deb

    Director Treasurer

    Total calculated
    $69,299
    From this org
    $0
    From related orgs
    $61,689
    Other
    $7,610
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $61,689 related
    Bonus
    $0
    Other
    $0 + $7,610 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $69,299 related

  • Nightengale Charles D

    Director

    Total calculated
    $55,631
    From this org
    $0
    From related orgs
    $34,464
    Other
    $21,167
    Hours/week
    2 + 40 related

  • Brown Bob G

    Director-Secretary

    Total calculated
    $24,630
    From this org
    $0
    From related orgs
    $24,500
    Other
    $130
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $24,500 related
    Bonus
    $0
    Other
    $0 + $130 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $24,630 related

  • Wyrtzen Ronald D

    President

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Brown Andrew

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Swanson Dane

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Walter R Price

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Chad J Lubke

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee

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)

Schedule J, Part I, Line 1a
Spouse travel is approved as long as the travel involves ministry participation
Schedule J, Part I, Line 3
The audit and compensation committee presents and approves the compensation of all officers that are paid from the related organizations.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
25 October 2024
IRS schema version
2023v5.0
Source object
202432999349300333

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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