7028 Life Enchancement Charitable Trust
- Assets
- $2.5m
- Revenue
- $119.9k
- Investments
- $345.3k
- Employees
- 1
- Location
- Lynnwood, WA
- Founding
- 02/2011
- Data as of
- 06/2023
- EIN
- 80-0281427
Organization Overview
7028 Life Enchancement Charitable Trust is located in Lynnwood, WA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. 7028 Life Enchancement Charitable Trust 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 06/2023, 7028 Life Enchancement Charitable Trust generated $119.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $109.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS OF SOUP TO THE UNION GOSPEL MISSION FOR PERSONS ENROLLED AND HOUSED IN REHABILITATION PROGRAMS. DIRECT DONATION OF FOOD TO HOMELESS AND LOW INCOME INDIVIDUALS, FOOD BANKS AND OTHERS INVOLVED IN SUSTAINGING HOMELESS/LOW INCOME INDIVIDUALS.ASSISTANCE FOR UNDERPRIVILEGED INDIVIDUALS TO OBTAIN DENTAL/VISION/AUDITORY/ LIMITED MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alta Lee Dauel President | 35 | $3,000 | |
Christian E Dauel Vice President | 35 | $54,500 | |
Diego Revelo Vice President | 10 | $3,000 | |
Bakary Jarju Vice President | 10 | $3,250 | |
Freda Mae Pells Treasurer | 15 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,899 |
| Interest on Savings | $117,986 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,308 |
| Total operating and administrative expenses | $85,905 |
| Contributions, gifts, grants paid | $23,833 |
| Total expenses and disbursements | $109,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,549 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $2,000,000 |
| Total assets | $2,456,807 |
| Accounts payable and accrued expenses | $1,057 |
| 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 | $1,057 |
Grants Awarded
Over the last fiscal year, 7028 Life Enchancement Charitable Trust has awarded $23,833 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE UNION GOSPEL MISSION PURPOSE: FEED POOR, HOMELESS AND HUNRTY | $9,529 |
NORTHWEST HOSPITALITY PURPOSE: FEED POOR, HOMELESS AND HUNGRY | $412 |
HOMELESSJOBLESS PURPOSE: FEED POOR, HOMELESS & HUNGRY | $13,892 |