Lt Foundation supports changemakers that empower children to live healthy, happy lives

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 10 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $71K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $177K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-8% vs prior year
Spent
$2.1M
To programs
73%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.7M
FY2021$2.9M
FY2022$2.2M
FY2023$2.9M
FY2024$2.6M
Expenses
$2.1M
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$2.9M
FY2022$2.6M
FY2023$2.6M
FY2024$2.1M
Net assets
$2.5M
FY2024▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.1M
FY2023$2.1M
FY2024$2.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.6M Management & general 14% · $303K Fundraising 12% · $261K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Chair and President
$0Pt VII · Sec A
Director - Board Member
$0Pt VII · Sec A
Director - Board Member
$0Pt VII · Sec A
Director - Board Member
$0Pt VII · Sec A
Director - Board Member
$0Pt VII · Sec A
Director- Board Member
$0Pt VII · Sec A
Director- Board Member
$0Pt VII · Sec A
Director - Board Member (start 10/24)
$0Pt VII · Sec A

Marnie Wells’s $42K as Executive Director (end 4/23) is at the 6th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Barbara Koch———$175,769
Marnie Wells$42,448$67,338——
Mechelle Freeman—$18,400$14,600—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Life Time Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers children to live healthy, happy lives through changemaker support.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2024
01

Our nutrition programs work with public k-12 schools is by supporting them in serving delicious, nutrition, minimally-processed food in school. Our collaborative initiatives with school food leaders entail: providing expert guidance related to ingredients in school foods and label analysis with our green onion tool, which is a free…

$706Kprogram expense
02

Our healthy planet program , we partner with schools and non-profit organizations to educate and promote reforestation and conservation to help combat the escalating impact of greenhouse gas emissions.

$495Kprogram expense
03

Our youth movement programs funds projects and initiatives so that all kids, specifically those in historically underserved communities, have access to safe, fun, enriching physical activities, with the intention they will choose to stay active for life.

$360Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$177K
Grants paid · 124 grants · $14.8M · 2020–2024
American ForestsDC · FY2024$300,000
One Tree Planted INCVT · FY2024$100,000
Wellness in the Schools INCNY · FY2024$100,000
Eliassen GroupFY2024$90,959
National Farm to School NetworkCA · FY2024$61,480
The Trust for Public LandCA · FY2024$50,000
City Parks Foundation INCNY · FY2024$45,000
City Parks Foundation INCNY · FY2024$40,000
Sugi FoundationCA · FY2024$38,000
Swan Solutions LLCFY2024$35,063
Minneapolis Public SchoolsFY2024$29,500
Laveen Elementary School DistrictFY2024$18,138
The Morton ArboretumIL · FY2024$16,000
City Parks Foundation INCNY · FY2024$15,000
See all 124 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.6M
Other incomeLn 4–11$72K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$303K
Fundraisingcol D$261K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$54K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Noncash giftsLn 1g$362K
Fundraising eventsLn 1c$2K
Other incomeLn 4–11$72K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$54K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.3M$2.2M
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$274K$54K
Net assetsLn 32$2.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Other salaries and wagesLn 7$401K$124K$143K$135K
Other employee benefitsLn 9$5K$2K$2K$1K
Payroll taxesLn 10$63K$20K$26K$18K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$86K$81K$5K
Advertising and promotionLn 12$57K$108$11K$46K
Office expensesLn 13$1K$70$1K$65
Information technologyLn 14$41K$41K$5
TravelLn 17$9K$7K$2K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$79K$19K$59K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$2.1M$1.6M$303K$261K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.6M$2.1M$506K$2.5M 990 PDF
FY2023 $2.9M$2.6M$236K$2.1M 990 PDF
FY2022 $2.2M$2.6M−$337K$2.1M 990 PDF
FY2021 $2.9M$2.9M−$26K$2.7M 990 PDF
FY2020 $7.7M$7.7M−$22K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,630,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,797,396$2,558,641
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $65,775$71,571
I-12 Total revenuePrior year $2,863,171$2,630,212
I-13 Grants and similar amounts paidPrior year $1,847,426$1,320,703
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $446,351$469,452
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $333,464$333,994
I-18 Total expensesPrior year $2,627,241$2,124,149
I-19 Revenue less expensesPrior year $235,930$506,063
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,630,212 across 8 lines filed
VIII-1c Fundraising events$2,005
VIII-1d Related organizations$1,033,509
VIII-1f All other contributions, gifts and grants$1,523,127
VIII-1g Noncash contributions (included above)$361,923
VIII-1h Total contributions, gifts and grants$2,558,641
VIII-8 Net income from fundraising eventsExcluded from tax −$9,659−$9,659
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $81,230$81,230
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $71,571$2,630,212
Part IX · Statement of functional expenses $2,124,149 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,320,703$1,320,703
IX-7 Other salaries and wagesPrograms $124,304 · Management $142,521 · Fundraising $134,636$401,461
IX-9 Other employee benefitsPrograms $1,595 · Management $1,770 · Fundraising $1,396$4,761
IX-10 Payroll taxesPrograms $19,578 · Management $25,630 · Fundraising $18,022$63,230
IX-11b Legal feesManagement $17,962$17,962
IX-11c Accounting feesManagement $35,192$35,192
IX-11g Other fees for servicesPrograms $81,263 · Management $4,710$85,973
IX-12 Advertising and promotionPrograms $108 · Management $10,517 · Fundraising $46,326$56,951
IX-13 Office expensesPrograms $70 · Management $1,013 · Fundraising $65$1,148
IX-14 Information technologyManagement $40,920 · Fundraising $5$40,925
IX-17 TravelPrograms $7,365 · Management $1,669$9,034
IX-19 Conferences, conventions and meetingsPrograms $5,290$5,290
IX-24 Other expenses (24a–d)Management $19,082 · Fundraising $59,494$78,576
IX-24e All other expensesManagement $1,518 · Fundraising $1,425$2,943
IX-25 Total functional expensesPrograms $1,560,276 · Management $302,504 · Fundraising $261,369$2,124,149
Part X · Balance sheet $2,589,444 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,251,594$2,195,560
X-3 Pledges and grants receivableStart of year $74,729$29,044
X-8 Inventories for sale or use$361,923
X-9 Prepaid expenses and deferred chargesStart of year $13,524$2,917
X-16 Total assetsStart of year $2,339,847$2,589,444
X-17 Accounts payable and accrued expensesStart of year $274,146$54,458
X-26 Total liabilitiesStart of year $274,146$54,458
X-27 Net assets without donor restrictionsStart of year $1,725,838$2,231,901
X-28 Net assets with donor restrictionsStart of year $339,863$303,085
X-32 Total net assets or fund balancesStart of year $2,065,701$2,534,986
X-33 Total liabilities and net assetsStart of year $2,339,847$2,589,444
Part XI · Reconciliation of net assets $2,534,986 net assets at year end
XI-1 Total revenue$2,630,212
XI-2 Total expenses$2,124,149
XI-3 Revenue less expenses$506,063
XI-4 Net assets at start of year$2,065,701
XI-9 Other changes in net assets−$36,778
XI-10 Net assets at end of year$2,534,986

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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