Livelikelou Foundation
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, OH
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-3524872
Organization Overview
Livelikelou Foundation is located in Oxford, OH. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livelikelou 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, Livelikelou Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Livelikelou Foundation has awarded 15 individual grants totaling $1,435,074. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIVE LIKE LOU FOUNDATION'S MISSION IS TO CREATE AND CONNECT COMMUNITIES TO STIMULATE EMERGING ALS RESEARCH AND UNIQUELY SUPPORT FAMILIES AFFECTED BY LOU GEHRIG'S DISEASE. NAMED IN HONOR OF MLB HALL OF FAMER LOU GEHRIG, OUR VISION IS TO LEAVE ALS BETTER THAN WE FOUND IT BY SUPPORTING FAMILIES AFFECTED BY LOU GEHRIG'S DISEASE, FUNDING EMERGING RESEARCHERS SEEKING MEANINGFUL TREATMENTS AND CURES FOR ALS, AND HELPING GENERATE AWARENESS OF LOU GEHRIG'S DISEASE FOR THE MORE THAN 30,000 PEOPLE CURRENTLY LIVING WITH ALS IN NORTH AMERICA. IN THE FACE OF HIS DIAGNOSIS WITH AMYOTROPHIC LATERAL SCLEROSIS (ALS) LOU CONTINUED TO LIVE HIS LIFE WITH COURAGE, DETERMINATION, AND GRATITUDE. THIS IS WHAT IT MEANS TO LIVE LIKE LOU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT OF ALS RESEARCH THROUGH CAREER DEVELOPMENT AWARDS AND GRANTS FOR ALS RESEARCH FORUMS.
PROVIDED GRANTS TO SUPPORT EDUCATIONAL LEADERSHIP PROGRAMS FOR COLLEGE STUDENTS. THE PROGRAM ALSO PROVIDES COLLEGE STUDENTS WITH AWARENESS OF PHILANTHROPIC OPPORTUNITIES FOR ALS RESEARCH AND FAMILY SUPPORT.
PROVIDED OPERATING GRANTS AND RECRUITED VOLUNTEERS TO SUPPORT CAMPS FOR CHILDREN OF ALS FAMILIES. PROVIDED TUITION SUPPORT FOR DEPENDENTS OF ALS FAMILIES TO ATTEND POST-SECONDARY EDUCATIONAL INSTITUTIONS. DEVELOPED AND OPERATED VOLUNTEER PROGRAMS THAT SERVE ALS FAMILIES ACROSS NORTH AMERICA. PROVIDED RESPITE GRANTS TO FAMILIES LIVING WITH ALS. PROVIDED HOME MODIFICATION GRANTS TO FAMILES TO PROVIDE CARE FOR A FAMILY MEMBER AFFECTED BY ALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Faust Executive Dir. | Officer | 40 | $0 |
Suzanne Alexander Trustee | Trustee | 0 | $0 |
Chris W Brussalis Trustee | Trustee | 2 | $0 |
Greyson W Geiler Treasurer | OfficerTrustee | 2 | $0 |
Wl Gray Jr Chairman | OfficerTrustee | 2 | $0 |
Gaylon D Morrisvice Chairman Trustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,797,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,797,769 |
| Total Program Service Revenue | $0 |
| Investment income | $10,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $350 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,796,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $954,619 |
| Grants and other assistance to domestic individuals. | $81,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,664 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,896 |
| Compensation of current officers, directors, key employees. | $54,365 |
| 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 | $194,522 |
| Fees for services: Legal | $11,309 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,634 |
| Advertising and promotion | $70,654 |
| Office expenses | $0 |
| Information technology | $36,177 |
| Royalties | $0 |
| Occupancy | $10,017 |
| Travel | $47,842 |
| 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 | $1,222 |
| All other expenses | $2,946 |
| Total functional expenses | $1,727,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $287,636 |
| 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 | $13,304 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,955,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,871,754 |
| Accounts payable and accrued expenses | $112,223 |
| Grants payable | $351,547 |
| 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 | $463,770 |
| Net assets without donor restrictions | $1,210,083 |
| Net assets with donor restrictions | $1,197,901 |
| 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 | $2,871,754 |
Grants Awarded
Over the last fiscal year, Livelikelou Foundation has awarded $950,955 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BARROW NEUROLOGICAL INSTITUTE PURPOSE: ALS Research Grant | $152,998 |
HOPE LOVES COMPANY PURPOSE: Camp for ALS affected youth | $20,000 |
PHI DELTA THETA FRATERNITY PURPOSE: Leadership development grant | $270,957 |
PERMOBIL FOUNDATION PURPOSE: Medical Wheelchair Support Grant | $12,000 |
REGENTS OF THE UNIV OF MICH PURPOSE: ALS research grant | $100,000 |
VANDERBILT UNIV MEDICAL CTR PURPOSE: ALS Research Grant | $320,000 |