Live Like Rylee Foundation FY2023 filing

Tax-deductible

Odessa, TX501(c)(3)Diseases & DisordersEIN 84-3365675Revenue $155K in FY2023

On file with the IRS1609 Old Course Rd, 79765-8707 · Odessa, TXTax-exempt since Jan 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To honor the life of Rylee Taylor through support of local student ministries, faith based initiatives, and families affected by cancer and other medical hardships.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
43 mo
of spending, in cash
Looks good: 43.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
+56% vs prior year
Spent
$60K
To programs
97%
Net assets
$346K
By yearFY2020–FY2024
Revenue
$155K
FY2023▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2020$160K
FY2021$94K
FY2022$99K
FY2023$155K
FY2024$139K
Net assets
$346K
FY2023▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$166K
FY2021$219K
FY2022$251K
FY2023$346K
FY2024$380K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 Jan 2020.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $58K Management & general 3% · $2K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Live Like Rylee 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

Supports student ministries, faith initiatives, and families facing cancer or medical hardship.

Provided by the organization

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1 program · $58K · in their own filed words · FY2023
01

The organization raised funds through a golf tournament and general donations. The organization provided support to several churches for students to attend summer church camps and donated funds to various organizations to assist with children's medical bills.

$58Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$155K
Ln 12
Other incomeLn 4–11$126K
Gifts and grantsLn 1h$29K
Money outPt IX
$60K
Ln 25
Programscol B$58K
Managementcol C$2K
Owns and owesPt X
$346K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$346K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$126K
Gains on assetsLn 7$0
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$214K
SavingsLn 2$0
Cash and savings togetherLn 1–2$214K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$130K
Total assetsLn 16$346K
LiabilitiesLn 26$0
Net assetsLn 32$346K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$201K$214K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$251K$346K
LiabilitiesLn 26$0$0
Net assetsLn 32$251K$346K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$55K$55K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$862$372$490
All other expensesLn 24e$123$123
Total functional expensesLn 25$60K$58K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $139K$380K 990 PDF
FY2023 Viewing $155K$60K$95K$346K 990 PDF
FY2022 $99K$251K 990 PDF
FY2021 $94K$219K 990 PDF
FY2020 $160K$166K 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 $154,943 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,719$28,657
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $109,279$126,286
I-12 Total revenuePrior year $130,998$154,943
I-13 Grants and similar amounts paidPrior year $64,054$55,076
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $36,065$4,426
I-18 Total expensesPrior year $100,119$59,502
I-19 Revenue less expensesPrior year $30,879$95,441
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $154,943 across 8 lines filed
Lines not itemized here account for $2,780 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$28,657
VIII-1h Total contributions, gifts and grants$28,657
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $124,945$123,506
VIII-12 Total revenueExcluded from tax $127,725$154,943
Part IX · Statement of functional expenses $59,502 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $55,076$55,076
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $2,150$2,150
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,291$1,291
IX-24 Other expenses (24a–d)Programs $372 · Management $490$862
IX-24e All other expensesManagement $123$123
IX-25 Total functional expensesPrograms $57,598 · Management $1,904 · Fundraising $0$59,502
Part X · Balance sheet $346,284 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $200,843$214,384
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$1,900
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $50,000$130,000
X-16 Total assetsStart of year $250,843$346,284
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $250,843$346,284
X-33 Total liabilities and net assetsStart of year $250,843$346,284
Part XI · Reconciliation of net assets $346,284 net assets at year end
XI-1 Total revenue$154,943
XI-2 Total expenses$59,502
XI-3 Revenue less expenses$95,441
XI-4 Net assets at start of year$250,843
XI-10 Net assets at end of year$346,284

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

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