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← LIFE LINE HOMES

Form 990 for tax year 2022

Filed by LIFE LINE HOMES.

Totals

Total revenue
$35,350
Total expenses
$42,523
Contributions and grants received
$0
Grants paid
$37,378
Program service revenue
$0
Investment income
$35,350
Other revenue
$0
Total assets, end of year
$1,057,121
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,057,121
Program services expenses (Part IX)
$37,378
Management and general expenses
$5,145
Fundraising expenses
$0
Program service expenses (Part III)
$37,378

Program services were 87.9% 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.

  • 3 · Investment income

    total $45,164 · excluded $45,164

  • 7a · Gross sales of assets other than inventory

    securities $221,750

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

    securities $231,564

  • 7c · Gain or loss

    securities -$9,814

  • 7d · Net gain or loss

    total -$9,814 · excluded -$9,814

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,378 · program services $37,378

  • 11c · Fees: accounting

    total $2,120 · management and general $2,120

  • 13 · Office expenses

    total $90 · management and general $90

  • 19 · Conferences, conventions and meetings

    total $2,583 · management and general $2,583

  • 24e · All other expenses

    total $352 · management and general $352

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,003 · end of year $5,003

  • 4 · Accounts receivable

    beginning of year $1,582 · end of year $3,630

  • 11 · Investments: publicly traded securities

    beginning of year $1,091,447 · end of year $1,048,488

  • 27 · Net assets without donor restrictions

    beginning of year $1,098,032 · end of year $1,057,121

Mission and programs · 2022

Mission

MINISTERING TO YOUTH IN NEED

  • YOUTH DEVELOPMENT-5 GRANTS PROVIDED WITH NON-PROFIT ORGANIZATIONS IN THE AREA OF YOUTH DEVELOPMENT 12,097; EDUCATIONAL ASSISTANCE-2 GRANTS PROVIDED WITH NON-PROFIT ORGANIZATIONS IN THE AREA OF EDUCATIONAL ASSISTANCE 15,500; ADOPTION-1 GRANTS PROVIDED WITH ORGANIZATIONS ASSOCIATED WITH THE FREE METHODIST CHURCH IN THE AREA OF ADOPTION ASSISTANCE 3,000; CAPITAL PROJECTS-2 GRANTS PROVIDED WITH NON-PROFIT ORGANIZATIONS IN THE AREA OF PURCHASING EQUIPMENT OR REMODELING 5,981;FREE METHODIST FOUNDATION PLANNED GIVING 800

    Expenses $37,378 · Grants $37,378

As filed on the 2022 return.

Listed in Part VII

  • Terry Jacobsen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ostrander

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Oscarson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Schuberth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Clarence Oscy Oscarson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Tidball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Hull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Holcomb

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202322969349300137

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