Christian Life Foundation
- Assets
- $4.1m
- Revenue
- $527.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/1986
- Data as of
- 11/2023
- EIN
- 73-1263661
Organization Overview
Christian Life Foundation is located in Tulsa, OK. The organization was established in 1986. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian 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 11/2023, Christian Life Foundation generated $527.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $424.6k during the year ending 11/2023. While expenses have increased by 39.4% per year over the past 8 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 2015, Christian Life Foundation has awarded 55 individual grants totaling $1,812,824. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHRISTIAN LIFE FOUNDATION IS A PRIVATE, NON-OPERATING FOUNDATION. IT ACCOMPLISHES ITS CHARITABLE PURPOSES SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTS. ALL ADMINISTRATIVE EXPENSES WERE INCURRED IN THE ADMINISTRATION OF INVESTMENTS, AND THEREFORE, NO EXPENSES HAVE BEEN ALLOCATED TO GRANT-MAKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail R Runnels Trustee | 0 | $0 | |
David Runnels Trustee | 0 | $0 | |
Elizabeth Glasner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $375,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $148,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,444 |
| Capital Gain Net Income | $3,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $527,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,882 |
| Total operating and administrative expenses | $29,634 |
| Contributions, gifts, grants paid | $395,000 |
| Total expenses and disbursements | $424,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,741,363 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,084,910 |
| 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, Christian Life Foundation has awarded $395,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST PATRICK'S EPISCOPAL CHURCH PURPOSE: GENERAL FUND | $2,500 |
LILYFIELD PURPOSE: GENERAL FUND | $10,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL AND BUILDING FUND | $375,000 |
CONEJO PLAYERS THEATRE PURPOSE: GENERAL FUND | $2,500 |
CHORAL ARTS INITIATIVE PURPOSE: GENERAL FUND | $5,000 |