Life Chances Foundation

Organization Overview

Life Chances Foundation is located in Sandy, UT. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Chances 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 Chances Foundation generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $110.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF 509(A)(1) AND 509(A)(2) ORGANIZATIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT 509(A)(1) & 509(A)(2) ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Terry Jensen
Trustee
$0
Faye Schreyer
Trustee
$0
Milt Thackery
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $35,747
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $35,767

Grants Awarded

Over the last fiscal year, Life Chances Foundation has awarded $78,155 in support to 2 organizations.

Grant RecipientAmount

TKJ CHARITIES INCTKJ CHARITIES INC

Org PageRecipient Profile

Sandy, UT

PURPOSE: SUPPORTING ORG

$55,955

GRADUATE SCHOOL OF SOCIAL WORKGRADUATE SCHOOL OF SOCIAL WORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: DONATION

$22,200
View Grant Profile

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