Life Energy Foundation Inc is located in Potomac, MD. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Energy Foundation Inc 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 12/2022, Life Energy Foundation Inc generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.9%) each year.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Lee Bourke President | 2 | $0 | |
David Bourke Treasurer | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,300 |
| Total Program Service Revenue | $861 |
| Membership dues | $0 |
| Investment income | $6,659 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,820 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,917 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $120 |
| Other expenses | $44,449 |
| Total expenses | $49,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $207,932 |
| Other assets | $0 |
| Total assets | $213,775 |
| Total liabilities | $6,104 |
| Net assets or fund balances | $207,671 |