Life Time Foundation
Empowers children to live healthy, happy lives through changemaker support. For fiscal year 2024 it reported $2.6M in revenue, $2.1M in expenses, and $2.5M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Education
- Location
- Chanhassen, MN
- Website
- www.ltfoundation.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Marnie Wells’s $42K as Executive Director (end 4/23) is at the 6th percentile of top reported officer pay among 3393 $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
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| 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.
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Where the work happens
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…
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.
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 73% | — | — |
| Overhead ratio | 14% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | -8% | — | — |
| Legal fee ratio | 0.8% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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