BRONZE2024

LIFE RING FOUNDATION

Roanoke, VA   |  www.liferingfoundation.org
GuideStar Charity Check

LIFE RING FOUNDATION

EIN: 27-0927269


Mission

The Life Ring Foundation is a 501(c)3 public charity dedicated to the health and wellbeing of the people of the Roanoke Valley and Southwest Virginia Region. Our primary focus is improving the trajectory of the next generation. Our children are the Valley’s future.

Ruling year info

2012

Executive Director

Sarah Wilson

President

Kelly Woolwine

Main address

Post Office Box 18168

Roanoke, VA 24014 USA

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EIN

27-0927269

Subject area info

Foundations

NTEE code info

Private Grantmaking Foundations (T20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Programs and results

What we aim to solve

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This organization has not yet reported any program information.

Where we work

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Financials

LIFE RING FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.1

Average of 6.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

LIFE RING FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

LIFE RING FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

LIFE RING FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of LIFE RING FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2017 2018 2019 2020 2022
Unrestricted surplus (deficit) before depreciation $143,686 -$145,442 $11,825 -$49,981 -$31,013
As % of expenses 71.2% -102.0% 18.4% -70.0% -36.2%
Unrestricted surplus (deficit) after depreciation $143,686 -$145,442 $11,825 -$49,981 -$31,013
As % of expenses 71.2% -102.0% 18.4% -70.0% -36.2%
Revenue composition info
Total revenue (unrestricted & restricted) $333,027 $16,066 $47,969 $21,459 $101,106
Total revenue, % change over prior year 176.2% -95.2% 198.6% -55.3% 0.0%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 2.2% 42.3% 17.9% 34.9% 7.6%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 96.7% 64.5% 88.2% 80.8% 92.3%
Other revenue 1.0% -6.8% -6.1% -15.7% 0.1%
Expense composition info
Total expenses before depreciation $201,665 $142,656 $64,199 $71,440 $85,757
Total expenses, % change over prior year -5.5% -29.3% -55.0% 11.3% 0.0%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 1.6% 2.9% 2.7% 1.9% 1.4%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 91.4% 91.9% 73.5% 83.5% 80.9%
All other expenses 7.0% 5.2% 23.8% 14.6% 17.7%
Full cost components (estimated) info 2017 2018 2019 2020 2022
Total expenses (after depreciation) $201,665 $142,656 $64,199 $71,440 $85,757
One month of savings $16,805 $11,888 $5,350 $5,953 $7,146
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $218,470 $154,544 $69,549 $77,393 $92,903

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2022
Months of cash 14.0 9.4 15.1 4.9 2.1
Months of cash and investments 24.8 22.9 53.0 39.2 30.4
Months of estimated liquid unrestricted net assets 24.8 22.9 53.0 39.2 30.4
Balance sheet composition info 2017 2018 2019 2020 2022
Cash $235,544 $111,260 $80,929 $29,272 $15,010
Investments $181,687 $160,529 $202,685 $204,361 $201,951
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $0 $0 $0 $0 $216,961
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $417,231 $271,789 $283,614 $233,633 $216,961

Key data checks

Key data checks info 2017 2018 2019 2020 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Sarah Wilson

President

Kelly Woolwine

Number of employees

Source: IRS Form 990

LIFE RING FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

LIFE RING FOUNDATION

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Kelly Woolwine