Lifevantage Legacy Inc
- Assets
- $131.1k
- Revenue
- $95.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lehi, UT
- Founding
- 09/2018
- Data as of
- 06/2021
- EIN
- 82-3548523
Organization Overview
Lifevantage Legacy Inc is located in Lehi, UT. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lifevantage Legacy Inc 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 06/2021, Lifevantage Legacy Inc generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $76.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (27.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFEVANTAGE LEGACY HELPS THE LEADERS OF TOMORROW BY TOUCHING A MILLION LIVES ACROSS THE WORLD TODAY. FROM SIMPLY HELPING A CHILD IN NEED TO SUPPORTING INITIATIVES THAT UPLIFT ENTIRE COMMUNITIES, OUR GOAL IS SIMPLE - GIVE FUTURE GENERATIONS THE SUPPORT AND RESOURCES THEY NEED TO LIVE HAPPIER, HEALTHIER LIVES, ONE CHILD AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTAH FOOD BANK - LIFEVANTAGE LEGACY DONATED HAND SANITIZER TO UTAH FOOD BANKS TO DISTRIBUTE THROUGHOUT UTAH TO DECREASE THE SPREAD OF COVID-19
UTAH REFUGEE CENTER - LIFEVANTAGE LEGACY DONATED HYGIENE KITS TO THE UTAH REFUGEE CENTER.
AFTERSCHOOL CHILD ASSISTANCE, ANIMAL ASSISTANCE, AND OTHER PROGRAM SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Jensen Director | Trustee | 1 | $0 |
Steven Fife Director | Trustee | 1 | $0 |
Michelle Virchow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $61,225 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,386 |
| Noncash contributions included in lines 1a–1f | $41,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,611 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,578 |
| 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 | $2,100 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $76,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,462 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,115 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $131,115 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $131,115 |
Grants Awarded
Over the last fiscal year, Lifevantage Legacy Inc has awarded $71,870 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: COVID ASSISTANCE | $41,225 |
Salt Lake City, UT PURPOSE: REFUGEE ASSISTANCE | $15,645 |
Rockville, MD PURPOSE: AFTER SCHOOL CHILD ASSISTANCE | $10,000 |
Cascade, VA PURPOSE: ANIMAL ASSISTANCE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifevantage Legacy Inc has recieved totaling $2,307.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Teammates For Kids Foundation Denver, CO | $83,190,071 | $4,700,598 |
Advantage Services Inc Salt Lake City, UT | $843,736 | $2,788,376 |
Indygive Colorado Springs, CO | $121,334 | $1,846,981 |
Optometry Giving Sight Golden, CO | $2,784,890 | $1,767,795 |
David S And Norma R Lewis Foundation Tucson, AZ | $3,952,273 | $380,765 |
Colorado Open Golf Foundation Denver, CO | $3,987,949 | $1,603,447 |
Ok Foundation Salt Lake City, UT | $4,818,165 | $645,498 |
Isa Foundation Gilbert, AZ | $705,543 | $701,098 |
Safe Nest Foundation Inc Las Vegas, NV | $559,089 | $1,363,429 |
St Vincent De Paul Society St Andrews Conference Of Sierra Vista Sierra Vista, AZ | $385,052 | $1,048,417 |
House Of Life And Hope Inc Nogales, AZ | $999,838 | $953,291 |