Lifetree Global Foundation
- Assets
- $11.6k
- Revenue
- $155.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- Data as of
- 12/2023
- EIN
- 92-1086827
Organization Overview
Lifetree Global Foundation is located in Frisco, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifetree Global 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 12/2023, Lifetree Global Foundation generated $155.5k in total revenue. All expenses for the organization totaled $144.3k during the year ending 12/2023. While expenses have increased by 120.3% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH-BUILDING ACTIVITIES. THE FOUNDATION SUPPORTS THE PHYSICAL CONSTRUCTION OF CHURCHES OR RELATED PLACES OF WORSHIP (I.E., CHAPELS, FELLOWSHIP HALLS, CLERGY HOMES) IN THE UNITED STATES AND THROUGHOUT THE WORLD. THE FOUNDATION SUPPORTS EVANGELISTIC ENDEAVORS WITHOUT AFFILIATION WITH A SPECIFIC CHRISTIAN CHURCH OR DENOMINATION. THE FOUNDATION'S WORK INCLUDES GRANTMAKING, AS WELL AS DIRECT SERVICES IN THE AREAS OF EDUCATION, TRAINING, SPEAKING AND CAUSE AWARENESS. THE FOUNDATION ALSO PROVIDES GOODS OR FUNDING TO PURCHASE GOODS, INCLUDING BUILDING MATERIALS, VEHICLES, OFFICE EQUIPMENT, WORSHIP EQUIPMENT SUCH AS MUSICAL INSTRUMENTS, AND SUPPLIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnathan Sparks President | 2 | $0 | |
Kara Sparks Secretary | 2 | $0 | |
Katherine Burnett Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,476 |
| Interest on Savings | $0 |
| 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 | $155,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $55,483 |
| Printing and publications | $0 |
| Other expenses | $1,346 |
| Total operating and administrative expenses | $75,070 |
| Contributions, gifts, grants paid | $69,267 |
| Total expenses and disbursements | $144,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,639 |
| 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 | $0 |
| Total assets | $11,639 |
| 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, Lifetree Global Foundation has awarded $69,267 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL MISSION AWARENESS PURPOSE: APOSTOLIC CHURCH IN MATANZAS | $27,550 |
THE HOPE DIRECTIVE INC PURPOSE: DONATION - GENERAL FUND | $10,500 |
AGAPE FREEDOM FIGHTERS PURPOSE: DONATION - GENERAL FUND | $7,000 |
THE KING'S UNIVERSITY PURPOSE: $3,500 ONLINE/DISTANCE LEARNING; $3,500 MESSIANIC FUND | $7,000 |
COVENANT BUILDERS INTERNATIONAL MINISTRIES INC PURPOSE: DONATION - GENERAL FUND | $5,317 |
ROGER A CUNNINGHAM EVANGELICAL INC PURPOSE: CHILE - FIRST SEED OPPORTUNITY | $5,000 |