Gnc Live Well Foundation FY2021 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Human ServicesEIN 20-1218432Revenue $1.2M in FY2021

On file with the IRS75 Hopper Place, 15222-4762 · Pittsburgh, PATax-exempt since Mar 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To raise funds through various events and to donate to a charitable foundation

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 4
filings with a surplus
Average surplus $49K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$226K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.3M
To programs
100%
Net assets
$534K
By yearFY2021–FY2024
Revenue
$1.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.0M
FY2023$692K
FY2024$752K
Expenses
$1.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$582K
FY2023$967K
FY2024$571K
Net assets
$534K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$534K
FY2022$970K
FY2023$695K
FY2024$877K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Lwf Chairman & Director
$0Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
See Gnc Live Well 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds through events to support a charitable foundation.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2021
01

The Live Well foundation ran POS MVP donation campaigns through all of 2021 in partnership with Jay Glazer in which donations were made through transactions at store level.

$1.3Mprogram 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 1 funder$15K
Grants paid · 9 grants · $3.2M · 2021–2024
Best of the BatchFY2024$429,850
Mvp Payments - Jay GlazerFY2023$150,000
Mvp Payments - Jay GlazerFY2022$508,956
Filmrise - Mvp the MovieFY2022$100,000
Bc Women's Health FoundationFY2022$7,014
Mvp Payments - Jay GlazerFY2021$1,419,490
UnbreakableFY2021$5,146

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$67
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$534K
net assets · Ln 32
Cash and savingsLn 1–2$534K
Total assetsLn 16$760K
LiabilitiesLn 26$226K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$0
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$0
Investment incomeLn 3$67
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$534K
SavingsLn 2$0
Cash and savings togetherLn 1–2$534K
Total assetsLn 16$760K
LiabilitiesLn 26$226K
Net assetsLn 32$534K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$781K$534K
Total assetsLn 16$781K$760K
LiabilitiesLn 26$100K$226K
Net assetsLn 32$681K$534K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $752K$571K$182K$877K 990 PDF
FY2023 $692K$967K−$275K$695K 990 PDF
FY2022 $1.0M$582K$435K$970K 990 PDF
FY2021 Viewing $1.2M$1.3M−$147K$534K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,187,863 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,925$1,187,796
I-9 Program service revenue$0
I-10 Investment incomePrior year $167$67
I-11 Other revenue$0
I-12 Total revenuePrior year $2,092$1,187,863
I-13 Grants and similar amounts paidPrior year $270,000$1,324,930
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,344$9,504
I-18 Total expensesPrior year $281,344$1,334,434
I-19 Revenue less expensesPrior year −$279,252−$146,571
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,187,863 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,187,796
VIII-1g Noncash contributions (included above)$2,200
VIII-1h Total contributions, gifts and grants$1,187,796
VIII-3 Investment incomeRelated to mission $67 · Unrelated business $0 · Excluded from tax $0$67
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $67 · Unrelated business $0 · Excluded from tax $0$1,187,863
Part IX · Statement of functional expenses $1,334,434 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $1,324,930$1,324,930
IX-24e All other expensesPrograms $9,504$9,504
IX-25 Total functional expensesPrograms $1,334,434 · Management $0 · Fundraising $0$1,334,434
Part X · Balance sheet $760,445 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $780,691$534,119
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$226,326
X-16 Total assetsStart of year $780,691$760,445
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $100,000$226,326
X-26 Total liabilitiesStart of year $100,000$226,326
X-27 Net assets without donor restrictionsStart of year $680,691$534,119
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $680,691$534,119
X-33 Total liabilities and net assetsStart of year $780,691$760,445
Part XI · Reconciliation of net assets $534,119 net assets at year end
XI-1 Total revenue$1,187,863
XI-2 Total expenses$1,334,434
XI-3 Revenue less expenses−$146,571
XI-4 Net assets at start of year$680,691
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$534,119

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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