Life Enriching Communities Foundation
- Assets
- $136.1m
- Revenue
- $9.2m
- Investments
- $2.0m
- Employees
- 0
- Location
- Loveland, OH
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 06-1708088
Organization Overview
Life Enriching Communities Foundation is located in Loveland, OH. The organization was established in 2004. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Enriching Communities Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Life Enriching Communities Foundation generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 20.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING AND FUND MANAGEMENT TO BENEFIT RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Mcmanus Executive Director | Officer | 33.2 | $143,989 |
James L Bowersox Cfo/secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Scott M Mcquinn Ceo/president | OfficerTrustee | 1.4 | $0 |
Doug Burgess Trustee | Trustee | 0.8 | $0 |
Don Neyer Trustee | Trustee | 0.2 | $0 |
Mike Brandy Trustee | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,438 |
| Related organizations | $0 |
| Government grants | $64,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $968,008 |
| Noncash contributions included in lines 1a–1f | $304,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,202 |
| Total Program Service Revenue | $0 |
| Investment income | $2,841,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,234,738 |
| Net Income from Fundraising Events | -$58,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,230,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,737,523 |
| Grants and other assistance to domestic individuals. | $11,093 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,917 |
| Compensation of current officers, directors, key employees. | $176,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,934 |
| Pension plan accruals and contributions | $5,772 |
| Other employee benefits | $24,211 |
| Payroll taxes | $25,438 |
| Fees for services: Management | $66,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $313,173 |
| Fees for services: Other | $5,294 |
| Advertising and promotion | $10,000 |
| Office expenses | $2,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,439 |
| Total functional expenses | $4,585,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,321 |
| Savings and temporary cash investments | $15,769,179 |
| Pledges and grants receivable | $85,850 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $117,860,619 |
| Investments—other securities | $2,017,432 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,919 |
| Total assets | $136,081,820 |
| Accounts payable and accrued expenses | $11,187 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,373,886 |
| Total liabilities | $78,385,073 |
| Net assets without donor restrictions | $44,446,123 |
| Net assets with donor restrictions | $13,250,624 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,081,820 |
Grants Awarded
Over the last fiscal year, Life Enriching Communities Foundation has awarded $3,737,523 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: SEE PART IV | $1,973,709 |
Cincinnati, OH PURPOSE: SEE PART IV | $1,763,814 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Life Enriching Communities Foundation has recieved totaling $32,900.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $23,500 |
Serving Your Purpose Inc Cincinnati, OH PURPOSE: GENERAL FUNDING | $9,200 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $200 |
Endowment Analysis
| Beg. Balance | $11,937,513 |
| Earnings | $1,462,100 |
| Net Contributions | $15,000 |
| Other Expense | $462,768 |
| Grants | $37,327 |
| Ending Balance | $12,914,518 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Methodist Retirement Center Of Central Ohio Columbus, OH | $98,341,831 | $19,081,791 |
Warren County Community Services Inc Lebanon, OH | $10,192,228 | $12,854,727 |
The Information Center Inc The Family Resource Place Taylor, MI | $6,992,143 | $10,230,329 |
Lake-Geauga Recovery Centers Inc Mentor, OH | $8,539,089 | $6,593,058 |
Landis Communities Lititz, PA | $2,732,817 | $5,852,358 |
Life Enriching Communities Foundation Loveland, OH | $136,081,820 | $9,230,521 |
Bhp Services Philadelphia, PA | $4,760,730 | $6,563,621 |
Women Aware Incorporated Paducah, KY | $4,163,013 | $3,659,937 |
Owensboro Area Shelter Information And Services Inc Oasis Owensboro, KY | $1,146,988 | $2,701,441 |
Information And Referral Network Inc Indianapolis, IN | $1,190,211 | $1,806,972 |
Multicultural Community Resource Center Erie, PA | $2,319,348 | $1,918,528 |
Handson Central Ohio Inc Worthington, OH | $1,006,925 | $1,555,047 |