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← LIFE TIME FOUNDATION

Form 990 for tax year 2022

Filed by LIFE TIME FOUNDATION.

Totals

Total revenue
$2,241,928
Total expenses
$2,579,074
Contributions and grants received
$2,208,648
Grants paid
$1,886,127
Program service revenue
$0
Investment income
$0
Other revenue
$33,280
Total assets, end of year
$2,205,014
Total liabilities, end of year
$84,592
Net assets or fund balances, end of year
$2,120,422
Program services expenses (Part IX)
$2,130,413
Management and general expenses
$231,021
Fundraising expenses
$217,640
Program service expenses (Part III)
$2,130,413

Program services were 82.6% 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.

  • 1c · Fundraising events

    $6,805

  • 1f · All other contributions, gifts and grants

    $2,201,843

  • 8a · Fundraising events: gross income

    $15,588

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

    $6,805

  • 8b · Fundraising events: direct expenses

    $18,830

  • 8c · Net income from fundraising events

    total -$3,242 · excluded -$3,242

  • 11a · Other revenue: PARKING CONTRIBUTIONS

    total $34,322 · excluded $34,322

  • 11b · Other revenue: APPAREL SALES

    total $2,200 · excluded $2,200

  • 11e · Other revenue, total

    $36,522

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,555,942 · program services $1,555,942

  • 2 · Grants to domestic individuals

    total $330,185 · program services $330,185

  • 5 · Compensation of officers, directors and key employees

    total $67,338 · program services $19,640 · management and general $25,813 · fundraising $21,885

  • 7 · Other salaries and wages

    total $310,286 · program services $147,327 · management and general $72,286 · fundraising $90,673

  • 9 · Other employee benefits

    total $5,676 · program services $2,554 · management and general $1,501 · fundraising $1,621

  • 10 · Payroll taxes

    total $59,475 · program services $26,297 · management and general $15,420 · fundraising $17,758

  • 11b · Fees: legal

    total $2,561 · management and general $2,561

  • 11c · Fees: accounting

    total $19,456 · management and general $19,456

  • 11g · Fees: other

    total $64,341 · program services $27,036 · management and general $37,305

  • 12 · Advertising and promotion

    total $45,003 · program services $9,293 · management and general $9,231 · fundraising $26,479

  • 13 · Office expenses

    total $756 · program services $147 · management and general $570 · fundraising $39

  • 14 · Information technology

    total $22,434 · program services $30 · management and general $22,404

  • 17 · Travel

    total $9,806 · program services $7,986 · management and general $1,798 · fundraising $22

  • 19 · Conferences, conventions and meetings

    total $4,182 · program services $3,857 · management and general $325

  • 24a · Other expenses: ATHLETIC EVENT FUNDRAIS

    total $37,933 · program services $0 · management and general $0 · fundraising $37,933

  • 24b · Other expenses: FUNDRAISING

    total $19,201 · program services $0 · management and general $0 · fundraising $19,201

  • 24c · Other expenses: CREDIT CARD FEES

    total $11,220 · program services $0 · management and general $11,220 · fundraising $0

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $5,607 · program services $119 · management and general $3,614 · fundraising $1,874

  • 24e · All other expenses

    total $7,672 · management and general $7,517 · fundraising $155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,262,612 · end of year $2,166,220

  • 3 · Pledges and grants receivable

    beginning of year $515,025 · end of year $31,091

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $12,922 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $7,703

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,287 · end of year $84,592

  • 18 · Grants payable

    beginning of year $26,675 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,800,379 · end of year $1,463,233

  • 28 · Net assets with donor restrictions

    beginning of year $923,718 · end of year $657,189

Mission and programs · 2022

Mission

THE LIFE TIME FOUNDATION SUPPORTS K-12 SCHOOLS AND MISSION DRIVEN ORGANIZATIONS NATIONWIDE. WE WORK TO ENSURE THAT ALL KIDS HAVE AN OPPORTUNITY TO GET STARTED ON THEIR JOURNEY OF A HEALTHY WAY OF LIFE.

Activities or mission (Part I)

LIFE TIME FOUNDATION SUPPORTS CHANGEMAKERS THAT EMPOWER CHILDREN TO LIVE HEALTHY, HAPPY LIVES.

  • OUR NUTRITION PROGRAMS WORK WITH PUBLIC K-12 SCHOOLS IS BY SUPPORTING THEM IN SERVING DELICIOUS, NUTRITION, MINIMALLY-PROCESSED FOOD IN SCHOOL. OUR COLLABORATIVE INITIATIVES WITH SCHOOL FOOD LEADERS ENTAIL:PROVIDING EXPERT GUIDANCE RELATED TO INGREDIENTS IN SCHOOL FOODS AND LABEL ANALYSIS WITH OUR GREEN ONION TOOL, WHICH IS A FREE ONLINE TOOL FOR SCHOOL NUTRITION PROFESSIONALS.FUNDING OF STAFF TRAININGS RELATED TO THE PRODUCTION AND DISTRIBUTION OF HEALTHY FOOD OPTIONS. GRANTMAKING RELATED TO KITCHEN FACILITY, AND SCHOOL FOOD SYSTEM IMPROVEMENT.

    Expenses $1,113,136 · Grants $952,196

  • OUR YOUTH MOVEMENT PROGRAMS FUNDS PROJECTS AND INITIATIVES SO THAT ALL KIDS, SPECIFICALLY THOSE IN HISTORICALLY UNDERSERVED COMMUNITIES, HAVE ACCESS TO SAFE, FUN, ENRICHING PHYSICAL ACTIVITIES, WITH THE INTENTION THEY WILL CHOOSE TO STAY ACTIVE FOR LIFE. THROUGH THE YOUTH MOVEMENT PROGRAM, LIFE TIME FOUNDATION WILL PROVIDE GRANTS OF UP TO $15,000 FOR SCHOOL SITES AND LOCAL NON-PROFIT ORGANIZATIONS, AND UP TO $100,000 FOR SCHOOL DISTRICTS.

    Expenses $687,092 · Grants $603,746

  • IN ADDITION TO OUR CORE FOCUS, LIFE TIME FOUNDATION OPERATES LIFE TIME LIFTS, A RESTRICTED FUND THAT PROVIDES EMERGENCY ASSISTANCE TO EMPLOYEES OF LIFE TIME GROUP HOLDINGS, INC. WHO EXPERIENCE UNEXPECTED FINANCIAL HARDSHIP CIRCUMSTANCES THAT ARISE OUTSIDE OF THEIR CONTROL.

    Expenses $330,185 · Grants $330,185

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mechelle Freeman

    DIRECTOR - BOARD MEMBER

    Total calculated
    $18,400
    From this org
    $18,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bahram Akradi

    CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James Spolar

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Aaron Switz

    DIRECTOR - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brittany Reger

    DIRECTOR - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cory Svihla

    DIRECTOR - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Akradi

    DIRECTOR - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tami Kozikowski

    DIRECTOR - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marnie Wells

    EXECUTIVE DIRECTOR

    Total calculated
    $67,338
    From this org
    $67,338
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kimo Seymour

    EXECUTIVE DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LIFE TIME GROUP HOLDINGS INC

    C · OPERATING FITNESS AND RECREATIONAL SPORT FACILITIES · MN

    Directly controlled by LTF INTERMEDIATE HOLDINGS INC

Provenance

Return type
form_990
Tax year
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202332409349300503

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

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