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Lifetreelegacies FY2023 filing

Tax-deductible

Amarillo, TX501(c)(3)Human ServicesEIN 46-4368423Revenue $4K in FY2023

On file with the IRSlifetreelegacies.org9000 Blackhawk Rd, 79119-7591 · Amarillo, TXTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To embrace, equip and empower youth through athletics, horses, and discipleship, helping them and their families to become deeply rooted in jesus christ.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average deficit $19K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$115K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
-97% vs prior year
Spent
$121K
To programs
70%
Net assets
$152K
By yearFY2020–FY2024
Revenue
$4K
FY2023▼ -97%
Tap a bar for its year
Revenue by fiscal year
FY2020$140K
FY2021$130K
FY2022$115K
FY2023$4K
FY2024$140K
Expenses
$121K
FY2023▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$124K
FY2022$135K
FY2023$121K
FY2024$107K
Net assets
$152K
FY2023▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$284K
FY2021$290K
FY2022$270K
FY2023$152K
FY2024$186K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Jul 2014.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $85K Management & general 30% · $36K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Tracy Taylor
President
$0Pt VII · Sec A
Kim Taylor
Secretary
$0Pt VII · Sec A
Karr Ingham
Director
$0Pt VII · Sec A
See Lifetreelegacies 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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Equips and empowers youth through athletics, horses, and discipleship, fostering faith in Jesus Christ.

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Provided by the organization

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1 program · $85K · in their own filed words · FY2023
01

To embrace, equip and empower youth through athletics, horses, and discipleship, helping them and their families to become deeply rooted in jesus christ. The center offers a unique 14 week experience two times per year for young women and men ages 13-18 where they attend weekly, two-hour sessions, consisting of biblical instruction and…

$85Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Natl Christian Charitable Fdn INCFY2024$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4K
Ln 12
Gifts and grantsLn 1h$4K
Money outPt IX
$121K
Ln 25
Programscol B$85K
Managementcol C$36K
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$267K
LiabilitiesLn 26$115K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$262K
Total assetsLn 16$267K
LiabilitiesLn 26$115K
Net assetsLn 32$152K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$49K$6K
Land, buildings, equipmentLn 10c$271K$262K
Total assetsLn 16$320K$267K
LiabilitiesLn 26$50K$115K
Net assetsLn 32$270K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$55K$41K$14K
Other employee benefitsLn 9$8K$6K$2K
Payroll taxesLn 10$4K$3K$1K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$12K$12K
TravelLn 17$88$88
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$9K$9K
Other expenses (24a–d)Ln 24$20K$18K$2K
Total functional expensesLn 25$121K$85K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $140K$107K$33K$186K 990 PDF
FY2023 Viewing $4K$121K−$117K$152K 990 PDF
FY2022 $115K$135K−$20K$270K 990 PDF
FY2021 $130K$124K$6K$290K 990 PDF
FY2020 $140K$138K$2K$284K 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 FY2023 990 (6 parts)
Part I · Summary $3,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,450$3,600
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $115,450$3,600
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $88,845$67,678
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $46,498$53,407
I-18 Total expensesPrior year $135,343$121,085
I-19 Revenue less expensesPrior year −$19,893−$117,485
Part VI · Governance 1 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,600 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,600
VIII-1h Total contributions, gifts and grants$3,600
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,600
Part IX · Statement of functional expenses $121,085 across 10 lines filed
IX-7 Other salaries and wagesPrograms $41,246 · Management $13,749$54,995
IX-9 Other employee benefitsPrograms $6,310 · Management $2,103$8,413
IX-10 Payroll taxesPrograms $3,202 · Management $1,068$4,270
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesPrograms $3,350$3,350
IX-13 Office expensesManagement $12,221$12,221
IX-17 TravelPrograms $88$88
IX-19 Conferences, conventions and meetingsPrograms $3,743$3,743
IX-22 Depreciation, depletion and amortizationPrograms $8,846$8,846
IX-24 Other expenses (24a–d)Programs $18,217 · Management $1,942$20,159
IX-25 Total functional expensesPrograms $85,002 · Management $36,083 · Fundraising $0$121,085
Part X · Balance sheet $267,319 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $49,279$5,640
X-10c Land, buildings and equipment, netStart of year $270,525$261,679
X-16 Total assetsStart of year $319,804$267,319
X-26 Total liabilitiesStart of year $50,000$115,000
X-27 Net assets without donor restrictionsStart of year $269,804$152,319
X-32 Total net assets or fund balancesStart of year $269,804$152,319
X-33 Total liabilities and net assetsStart of year $319,804$267,319
Part XI · Reconciliation of net assets $152,319 net assets at year end
XI-1 Total revenue$3,600
XI-2 Total expenses$121,085
XI-3 Revenue less expenses−$117,485
XI-4 Net assets at start of year$269,804
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$152,319

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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