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Nonprofiteer
← LIFEWISE INC

Form 990 for tax year 2024

Filed by LIFEWISE INC.

Totals

Total revenue
$39,279,576
Total expenses
$28,171,143
Contributions and grants received
$34,487,814
Grants paid
$0
Program service revenue
$658,257
Investment income
$3,869,122
Other revenue
$264,383
Total assets, end of year
$34,919,739
Total liabilities, end of year
$1,913,321
Net assets or fund balances, end of year
$33,006,418
Program services expenses (Part IX)
$21,516,259
Management and general expenses
$3,865,223
Fundraising expenses
$2,789,661
Program service expenses (Part III)
$21,516,259

Program services were 76.4% 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

    $34,487,814

  • 1g · Noncash contributions included above

    $4,754,298

  • 2a · Program service revenue: PERFORMANCE FEES

    total $611,771 · related or exempt $611,771

  • 2b · Program service revenue: SPECIAL EVENTS

    total $46,486 · related or exempt $46,486

  • 3 · Investment income

    total $529,653 · excluded $529,653

  • 5 · Royalties

    total $17,530 · excluded $17,530

  • 6b · Less rental expenses

    real property $428

  • 6c · Rental income or loss

    real property -$428

  • 6d · Net rental income or loss

    total -$428 · excluded -$428

  • 7a · Gross sales of assets other than inventory

    securities $17,257,911

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

    securities $13,918,442

  • 7c · Gain or loss

    securities $3,339,469

  • 7d · Net gain or loss

    total $3,339,469 · excluded $3,339,469

  • 10a · Gross sales of inventory

    $224,664

  • 10b · Cost of goods sold

    $116,427

  • 10c · Net income from sales of inventory

    total $108,237 · excluded $108,237

  • 11a · Other revenue: MISCELLANEOUS

    total $139,044 · related or exempt $139,044

  • 11e · Other revenue, total

    $139,044

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $320,290 · program services $256,232 · management and general $35,232 · fundraising $28,826

  • 7 · Other salaries and wages

    total $15,526,978 · program services $12,421,582 · management and general $1,707,968 · fundraising $1,397,428

  • 8 · Pension plan contributions

    total $253,431 · program services $202,745 · management and general $27,877 · fundraising $22,809

  • 9 · Other employee benefits

    total $717,289 · program services $573,831 · management and general $78,902 · fundraising $64,556

  • 10 · Payroll taxes

    total $1,271,925 · program services $1,017,540 · management and general $139,912 · fundraising $114,473

  • 11b · Fees: legal

    total $166,950 · program services $123,543 · management and general $43,407

  • 11c · Fees: accounting

    total $39,300 · program services $29,082 · management and general $10,218

  • 11d · Fees: lobbying

    total $208,000 · program services $153,920 · management and general $54,080

  • 11g · Fees: other

    total $610,928 · program services $452,087 · management and general $158,841

  • 12 · Advertising and promotion

    total $771,627 · program services $733,046 · management and general $38,581

  • 13 · Office expenses

    total $530,685 · program services $392,707 · management and general $137,978

  • 14 · Information technology

    total $531,428 · program services $393,257 · management and general $138,171

  • 16 · Occupancy

    total $607,115 · program services $449,265 · management and general $157,850

  • 17 · Travel

    total $1,703,811 · program services $1,363,049 · fundraising $340,762

  • 22 · Depreciation, depletion and amortization

    total $924,494 · program services $462,247 · management and general $462,247

  • 23 · Insurance

    total $9,885 · program services $7,315 · management and general $2,570

  • 24a · Other expenses: OPERATIONS

    total $2,345,163 · program services $1,172,582 · management and general $351,774 · fundraising $820,807

  • 24b · Other expenses: CLASSROOMS

    total $834,870 · program services $834,870

  • 24c · Other expenses: PERFORMANCE & TEACHING

    total $517,600 · program services $263,976 · management and general $253,624

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $224,819 · program services $166,366 · management and general $58,453

  • 24e · All other expenses

    total $54,555 · program services $47,017 · management and general $7,538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,917,972 · end of year $12,254,405

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,079,522

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $143,881

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

    $15,884,746

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

    $1,693,027

  • 10c · Land, buildings and equipment, net

    beginning of year $2,445,148 · end of year $14,191,719

  • 11 · Investments: publicly traded securities

    beginning of year $10,688,546 · end of year $7,250,212

  • 15 · Other assets

    beginning of year $2,805,182 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,913,321

  • 27 · Net assets without donor restrictions

    beginning of year $24,856,848 · end of year $33,006,418

Mission and programs · 2024

Mission

WE ASSIST YOUTH, YOUTH ORGANIZATIONS, SCHOOLS, COMMUNITIES AND CHURCHES BY PROVIDING RELEASED TIME INSTRUCTION, SEMINARS, EDUCATIONAL MATERIALS, INSPIRATIONAL AND MOTIVATIONAL MATERIALS, BOOKS AND OTHER PROGRAMS TO HELP YOUTH REACH THEIR FULL POTENTIAL.

  • CONDUCTED HIGH SCHOOL AND MIDDLE SCHOOL ASSEMBLIES THROUGHOUT THE MIDWEST AND EASTERN US

    Expenses $2,459,163 · Revenue $797,301

  • CONDUCTED RELEASE TIME BIBLE EDUCATION IN SCHOOLS THROUGHOUT THE US

    Expenses $11,323,872

  • HELD OUTREACH EVENTS TO SHARE THE GOSPEL THROUGHOUT THE MIDWEST AND EASTERN US

    Expenses $7,733,224

As filed on the 2024 return.

Listed in Part VII

  • Joel Penton

    CEO / PRESIDENT

    Total calculated
    $120,299
    From this org
    $40,333
    From related orgs
    $0
    Other
    $79,966
    Hours/week
    60

  • Steve Hubbard

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Tim Stoller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dave Kirkey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Justin Kershaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brad Hulls

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steve Clifton

    COO/ CFO / SECRETARY / VICE PRESIDENT

    Total calculated
    $199,991
    From this org
    $137,825
    From related orgs
    $0
    Other
    $62,166
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $137,825
    Bonus
    $0
    Other
    $0
    Deferred
    $9,366
    Nontaxable benefits
    $52,800
    Filer's total
    $199,991

  • Derek Stemen

    VP OF ADVANCEMENT

    Total calculated
    $138,477
    From this org
    $125,558
    From related orgs
    $0
    Other
    $12,919
    Hours/week
    60

  • Jeffrey Peterson

    VP OF OPERATIONS

    Total calculated
    $119,801
    From this org
    $105,577
    From related orgs
    $0
    Other
    $14,224
    Hours/week
    60

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or 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

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LIFEWISE ACADEMY LLC

    REAL ESTATE · OH

    Directly controlled by LIFEWISE INC

Provenance

Return type
form_990
Tax year
2024
Filed
2 December 2025
IRS schema version
2024v5.2
Source object
202543389349300214

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