Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 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
15 people listed on the 990.
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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
Invests funds to provide benevolent care for seniors and disaster relief for team members.
Questions for The Lifespace Foundation
Your first name shows with your question. The Lifespace Foundation answers here, for everyone.
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The foundation's mission is to raise and invest funds to further the charitable purposes of lifespace communities, inc. And its individual communities as well as deerfield retirement community, inc., northwest senior housing corporation, barton creek senior living center inc., and tarrant county senior living center inc.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $156K | $39K |
| InvestmentsLn 11–13 | $6.7M | $8.1M |
| Total assetsLn 16 | $7.1M | $8.3M |
| LiabilitiesLn 26 | $165K | $134K |
| Net assetsLn 32 | $6.9M | $8.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $249K | $249K | ||
| Grants to domestic individualsLn 2 | $114K | $114K | ||
| Management feesLn 11a | $73K | $73K | ||
| Accounting feesLn 11c | $23K | $23K | ||
| Advertising and promotionLn 12 | $14K | $14K | ||
| Office expensesLn 13 | $1K | $1K | ||
| Information technologyLn 14 | $23K | $23K | ||
| Other expenses (24a–d)Ln 24 | $6K | $6K | ||
| Total functional expensesLn 25 | $504K | $363K | $127K | $14K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.7M | $4.4M | $295K | $8.9M | 990 PDF |
| FY2023 | $4.8M | $4.8M | −$46K | $8.2M | 990 PDF |
| FY2022 | $3.7M | $4.6M | −$893K | $8.1M | 990 PDF |
| FY2021 | $4.9M | $3.1M | $1.8M | $10.4M | 990 PDF |
| FY2020 Viewing | $1.5M | $504K | $978K | $8.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,482,451 revenue, 12 lines filed
Part VI · Governance 11 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $1,482,451 across 7 lines filed
Part IX · Statement of functional expenses $504,306 across 8 lines filed
Part X · Balance sheet $8,274,797 assets, 12 lines filed
Part XI · Reconciliation of net assets $8,141,115 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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