Nonprofit · EIN 20-1303034
LIFE CHANCES FOUNDATION
Tax-exempt · SANDY, UT 84093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,209 | $110,000 | -$77,791 | $2,852,070 | $0 | $2,852,070 |
| December 31, 2023 | 990 | $33,764 | $160,000 | -$126,236 | $2,931,339 | $0 | $2,931,339 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $32,198
- Other revenue
- $11
Expenses
- Grants and similar amounts paid
- $110,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $110,000
Balance sheet and other
- Total assets, start of year
- $2,931,339
- Total assets, end of year
- $2,852,070
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,852,070
- Gross receipts
- $32,209
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY JENSEN | TRUSTEE Trustee or director | 1 | $0 |
| FAYE SCHREYER | TRUSTEE Trustee or director | 1 | $0 |
| MILT THACKERY | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY JENSEN | TRUSTEE Trustee or director | 1 | $0 |
| FAYE SCHREYER | TRUSTEE Trustee or director | 1 | $0 |
| MILT THACKERY | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2413 E ROYAL LN, SANDY, UT 84093-6453
- In care of
- % JAMES JENSEN
- Principal officer (990 for 2024)
- TERRY JENSEN, 2413 ROYAL LANE, SANDY, UT 84093
- Signed the 990
- TERRY JENSEN, TRUSTEE
- Phone
- (801) 580-1824
- Return prepared by
- WOLFF & COMPANY
Mission
SUPPORT OF 509(A)(1) AND 509(A)(2) ORGANIZATIONS
Program accomplishments
- SUPPORT 509(A)(1) & 509(A)(2) ORGANIZATIONSExpenses $110,000 · grants $110,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1303034
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,852,070
- Income (IRS master file)
- $32,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,209 | $110,000 | $2,852,070 | XML |
| 990 | December 2023 | $33,764 | $160,000 | $2,931,339 | XML |
| 990 | December 2022 | $34,112 | $190,483 | $3,057,575 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1303034).
Questions about LIFE CHANCES FOUNDATION
- What is the EIN of LIFE CHANCES FOUNDATION?
- The employer identification number (EIN) of LIFE CHANCES FOUNDATION is 20-1303034.
- Is LIFE CHANCES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LIFE CHANCES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LIFE CHANCES FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LIFE CHANCES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIFE CHANCES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIFE CHANCES FOUNDATION?
- The 990 for the year ended December 31, 2024 names TERRY JENSEN.
- Who are the officers and directors of LIFE CHANCES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LIFE CHANCES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,209, expenses of $110,000 and total assets of $2,852,070 at year end.
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