Lifeworks Foundation
- Assets
- $2.8m
- Revenue
- $323.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 62-1428468
Organization Overview
Lifeworks Foundation is located in Nashville, TN. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeworks 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, Lifeworks Foundation generated $323.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $350.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lifeworks Foundation has awarded 35 individual grants totaling $1,261,831. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEWORKS IS PRIMARILY A GRANT MAKING FOUNDATION ENABLING OTHER CHARITABLE ORGANIZATIONS TO FURTHER THEIR CHARITABLE ACTIVITIES. EXPENSES LISTED HERE ARE ACTUAL GRANTS MADE DURING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Bullard Trustee | 25 | $0 | |
George N Bullard Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $73,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $249,735 |
| Capital Gain Net Income | $249,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $323,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,316 |
| Interest | $0 |
| Taxes | $9,653 |
| Depreciation | $440 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,690 |
| Total operating and administrative expenses | $178,299 |
| Contributions, gifts, grants paid | $172,030 |
| Total expenses and disbursements | $350,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,204 |
| Savings and temporary cash investments | $359,187 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,151 |
| Other assets | $3,773 |
| Total assets | $2,815,056 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lifeworks Foundation has awarded $172,030 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: FURTHER CHARITY PURPOSE | $144,000 |
Nashville, TN PURPOSE: FURTHER CHARITY PURPOSE | $7,500 |
Nashville, TN PURPOSE: FURTHER CHARITY PURPOSE | $5,000 |
Nashville, TN PURPOSE: FURTHER CHARITY PURPOSE | $5,000 |
Franklin, TN PURPOSE: FURTHER CHARITY PURPOSE | $2,500 |
VCU COMMUNITY GRANT PURPOSE: FURTHER CHARITY PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |