Generous Life Foundation
- Assets
- $227.5k
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-2074127
Organization Overview
Generous Life Foundation is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generous Life 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 12/2021, Generous Life Foundation generated $6.1m in total revenue. All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 124.1% 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.
Since 2019, Generous Life Foundation has awarded 89 individual grants totaling $13,312,622. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IDONATE CHARITABLE FOUNDATION EXISTS TO PROVIDE PEOPLE WITH A SIMPLE WAY TO GIVE. THERE ARE SO MANY WAYS TO MAKE A POSITIVE CHANGE IN OUR WORLD BEYOND CASH GIVING. THE MAJORITY OF OUR WEALTH IS TIED UP IN STUFF: CARS, CELL PHONES, PROPERTY, ETC. IDONATE CHARITABLE FOUNDATION IS HERE TO UNLOCK THAT POTENTIAL WITHIN ALL OF US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDONATE CHARITABLE FOUNDATION PROMOTES CHARITABLE GIVING. WE LIQUIDATE NONCASH DONATIONS AND SEND GRANT CHECKS TO THE TARGET NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesseca Aziz Director | OfficerTrustee | 2 | $0 |
Natalie Kime Secretary | OfficerTrustee | 2 | $0 |
Simon Beresford Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,905,670 |
| Noncash contributions included in lines 1a–1f | $5,905,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,905,670 |
| Total Program Service Revenue | $0 |
| Investment income | $488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,078,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,165,866 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,515 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,516 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,188,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,294 |
| Savings and temporary cash investments | $72,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,483 |
| Prepaid expenses and deferred charges | $2,068 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306 |
| Total assets | $227,520 |
| Accounts payable and accrued expenses | $218,133 |
| 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 | $0 |
| Total liabilities | $218,133 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $9,387 |
| Total liabilities and net assets/fund balances | $227,520 |
Grants Awarded
Over the last fiscal year, Generous Life Foundation has awarded $5,904,385 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
CLAPHAM SCHOOL PURPOSE: CHARITABLE PURPOSES | $6,566 |
MUSEUM OF THE BIBLE PURPOSE: CHARITABLE PURPOSES | $5,302,614 |
THE SIGNATRY - A GLOBAL CHRISTIAN FOUNDATION PURPOSE: CHARITABLE PURPOSES | $5,700 |
CAMPUS OUTREACH SERVE PURPOSE: CHARITABLE PURPOSES | $5,424 |
STAND TO REASON FOUNDATION PURPOSE: CHARITABLE PURPOSES | $9,204 |
NATIONAL CHRISTIAN FOUNDATION INDIANA PURPOSE: CHARITABLE PURPOSES | $18,521 |