Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
33 cents of each dollar spent went to programs.
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
7 people listed on the 990; $107K paid to officers and key staff.
Jordan Bousman’s $107K as VP of Philan is at the 36th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Jordan Bousman | $106,778 | $37,824 |
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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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 15aNo
Programs and updates
Provides charitable and emergency aid to individuals and tax-exempt groups.
Questions for Life Ring Foundation
Your first name shows with your question. Life Ring Foundation answers here, for everyone.
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The foundation provided general donations to non-profits such as children's miracle network, VWCC educational foundation, we are one LLC, and virginia tech foundation to further their charitable works.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $179K | $1.7M |
| InvestmentsLn 11–13 | $129K | $207K |
| Total assetsLn 16 | $308K | $1.9M |
| LiabilitiesLn 26 | $0 | $2K |
| Net assetsLn 32 | $308K | $1.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $60K | $60K | ||
| Pay of current officers, directors and key staffLn 5 | $107K | $53K | $27K | $27K |
| Other employee benefitsLn 9 | $7K | $7K | ||
| Payroll taxesLn 10 | $14K | $14K | ||
| Legal feesLn 11b | $10K | $10K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Investment management feesLn 11f | $652 | $652 | ||
| Advertising and promotionLn 12 | $109K | $109K | ||
| Office expensesLn 13 | $9K | $9K | ||
| Information technologyLn 14 | $8K | $8K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $9K | $9K | ||
| All other expensesLn 24e | $120 | $120 | ||
| Total functional expensesLn 25 | $342K | $113K | $202K | $27K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.8M | $342K | $1.5M | $1.9M | 990 PDF |
| FY2023 | $693K | $608K | $85K | $308K | 990 PDF |
| FY2022 | $101K | $86K | $15K | $217K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $21K | $71K | −$50K | $234K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,812,983 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 5 to look at
Part VIII · Statement of revenue $1,812,983 across 7 lines filed
Part IX · Statement of functional expenses $342,119 across 13 lines filed
Part X · Balance sheet $1,859,132 assets, 8 lines filed
Part XI · Reconciliation of net assets $1,857,049 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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