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Life Development Foundation FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Since 1992Community Development EIN 58-1930286Revenue $11K in FY2022

On file with the IRSPo Box 74894, 70874-4894 · Baton Rouge, LATax-exempt since Jun 1991Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's purpose is to provide scholarships to students and donations to meet specific community needs.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 13% 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 38.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11K
-84% vs prior year
Spent
$42K
To programs
99%
Net assets
$468K
By yearFY2021–FY2025
Revenue
$11K
FY2022▼ -84%
Tap a bar for its year
Revenue by fiscal year
FY2021$69K
FY2022$11K
FY2023$119K
FY2024$82K
FY2025$31K
Expenses
$42K
FY2022▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2021$51K
FY2022$42K
FY2023$60K
FY2024$56K
FY2025$62K
Net assets
$468K
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$500K
FY2022$468K
FY2023$527K
FY2024$553K
FY2025$522K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1991.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $42K Management & general 1% · $500

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Frances Smith
Immediate Past Chaire
$0Pt VII · Sec A
Twana Malveaux
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Toni Booker
Treasurer
$0Pt VII · Sec A
Norma Lewis
Director
$0Pt VII · Sec A
Eunice Talmore
Financial Secretary
$0Pt VII · Sec A
Carolyn Malbrue
Corresponding Secretary
$0Pt VII · Sec A
See Life Development 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

Offers scholarships to students and donations for community needs.

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Provided by the organization

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1 program · $42K · in their own filed words · FY2021
01

The organization's purpose is to provide scholarships to students and donations to meet specific community needs. During the year zero SCHOLARSHIPS/MERITS were awarded.

$42Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $16K · 2020–2023
Unitemized GrantFY2023$8,600
Unitemized GrantFY2020$7,900

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$11K
Ln 12
Gifts and grantsLn 1h$12K
Investment incomeLn 3$149
Money outPt IX
$42K
Ln 25
Programscol B$42K
Managementcol C$500
Owns and owesPt X
$468K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$468K
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$149
Total revenueLn 12$11K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$332K
Total assetsLn 16$468K
LiabilitiesLn 26$0
Net assetsLn 32$468K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$151K$136K
Land, buildings, equipmentLn 10c$349K$332K
Total assetsLn 16$500K$468K
LiabilitiesLn 26$0$0
Net assetsLn 32$500K$468K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$1K$1K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$11K$10K$500
Total functional expensesLn 25$42K$42K$500$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $31K$62K−$31K$522K 990 PDF
FY2024 $82K$56K$26K$553K 990 PDF
FY2023 $119K$60K$59K$527K 990 PDF
FY2022 Viewing $11K$42K−$32K$468K 990 PDF
FY2021 $69K$51K$18K$500K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $10,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,807$11,700
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $309$149
I-11 Other revenuePrior year $41,441−$1,052
I-12 Total revenuePrior year $68,557$10,797
I-13 Grants and similar amounts paidPrior year $7,900$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,876$42,440
I-18 Total expensesPrior year $50,776$42,440
I-19 Revenue less expensesPrior year $17,781−$31,643
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $10,797 across 7 lines filed
VIII-1f All other contributions, gifts and grants$11,700
VIII-1h Total contributions, gifts and grants$11,700
VIII-3 Investment incomeExcluded from tax $149$149
VIII-6 Net rental income or lossExcluded from tax $16,496$16,496
VIII-8 Net income from fundraising eventsExcluded from tax −$19,349−$19,349
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,801$1,801
VIII-12 Total revenueRelated to mission $1,801 · Unrelated business $0 · Excluded from tax −$2,704$10,797
Part IX · Statement of functional expenses $42,440 across 6 lines filed
IX-11c Accounting feesPrograms $1,690$1,690
IX-13 Office expensesPrograms $1,033$1,033
IX-16 OccupancyPrograms $8,520$8,520
IX-22 Depreciation, depletion and amortizationPrograms $14,600$14,600
IX-23 InsurancePrograms $6,018$6,018
IX-24 Other expenses (24a–d)Programs $10,079 · Management $500$10,579
IX-25 Total functional expensesPrograms $41,940 · Management $500 · Fundraising $0$42,440
Part X · Balance sheet $468,361 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $78,676$64,061
X-2 Savings and temporary cash investmentsStart of year $72,012$72,161
X-10c Land, buildings and equipment, netStart of year $349,316$332,139
X-16 Total assetsStart of year $500,004$468,361
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $500,004$468,361
X-32 Total net assets or fund balancesStart of year $500,004$468,361
X-33 Total liabilities and net assetsStart of year $500,004$468,361
Part XI · Reconciliation of net assets $468,361 net assets at year end
XI-1 Total revenue$10,797
XI-2 Total expenses$42,440
XI-3 Revenue less expenses−$31,643
XI-4 Net assets at start of year$500,004
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$468,361

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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