Life Enriching Communities Foundation
- Assets
- $136.9m
- Revenue
- $7.6m
- Investments
- $1.9m
- Employees
- 0
- Location
- Loveland, OH
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 06-1708088
Organization Overview
Life Enriching Communities Foundation is located in Loveland, OH. The organization was established in 2004. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Enriching Communities Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Life Enriching Communities Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 22.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING AND FUND MANAGEMENT TO BENEFIT RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott M Mcquinn Ceo/president | OfficerTrustee | 1 | $0 |
James L Bowersox Coo/treasurer | OfficerTrustee | 1 | $0 |
Kevin P Mcdonnell Cfo/secretary | OfficerTrustee | 1 | $0 |
Ron Beshear Chair | Trustee | 1 | $0 |
Mike Brandy Trustee | Trustee | 1 | $0 |
Doug Burgess Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,610 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,148 |
| Noncash contributions included in lines 1a–1f | $81,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $651,758 |
| Total Program Service Revenue | $0 |
| Investment income | $4,179,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,794,413 |
| Net Income from Fundraising Events | -$56,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,568,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,414,567 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,876 |
| Compensation of current officers, directors, key employees. | $172,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,610 |
| Pension plan accruals and contributions | $5,588 |
| Other employee benefits | $42,136 |
| Payroll taxes | $24,897 |
| Fees for services: Management | $68,496 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $49,980 |
| Fees for services: Investment Management | $279,195 |
| Fees for services: Other | $12,443 |
| Advertising and promotion | $6,532 |
| Office expenses | $4,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,269,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,297 |
| Savings and temporary cash investments | $27,400,839 |
| Pledges and grants receivable | $111,375 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $101,459,413 |
| Investments—other securities | $1,946,807 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,003,952 |
| Total assets | $136,944,526 |
| Accounts payable and accrued expenses | $1,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,213,405 |
| Total liabilities | $96,214,718 |
| Net assets without donor restrictions | $27,479,184 |
| Net assets with donor restrictions | $13,250,624 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,944,526 |
Grants Awarded
Over the last fiscal year, Life Enriching Communities Foundation has awarded $4,414,567 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TWIN TOWERS PURPOSE: SEE PART IV | $1,681,847 |
TWIN LAKES PURPOSE: SEE PART IV | $2,732,720 |