Nonprofit · EIN 26-0127611
LOW INCOME FAMILY ENRICHMENT CORPORATION
Also known as LIFE FOUNDATION MONTEREY LLC
Tax-exempt · ASPEN, CO 81611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,330,915 | $2,392,273 | $938,642 | $19,734,252 | $13,021,975 | $6,712,277 |
| December 31, 2023 | 990-PF | $3,152,873 | $2,577,110 | $575,763 | $20,447,438 | $14,671,808 | $5,775,630 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $73,133
- Net gain from sales of assets
- $56,633
- Other income
- $3,201,149
Expenses
- Grants and similar amounts paid
- $20,010
- Compensation of officers, directors and key employees
- $136,500
- Disbursements for charitable purposes
- $1,830,956
- Excise tax on investment income
- $1,681
Balance sheet and other
- Total assets, start of year
- $20,447,438
- Total assets, end of year
- $19,734,252
- Total liabilities, end of year
- $13,021,975
- Net assets, end of year
- $6,712,277
- Fair market value of assets
- $19,734,252
- Qualifying distributions
- $1,830,956
- Net investment income
- $129,766
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barnett Davis II PO Box 1047, Aspen, CO 81612 | Executive Director | 40 | $136,500 |
| Adam Fineman PO Box 1047, Aspen, CO 81612 | Board Member | 5 | $0 |
| Ron Gallagher PO Box 1047, Aspen, CO 81612 | Board Member | 5 | $0 |
| Frank Gallagher III PO Box 1047, Aspen, CO 81612 | CFO / Secretary | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barnett Davis II PO Box 1047, Aspen, CO 81612 | Executive Director | 40 | $64,100 |
| Adam Fineman PO Box 1047, Aspen, CO 81612 | Board Member | 5 | $0 |
| Ron Gallagher PO Box 1047, Aspen, CO 81612 | Board Member | 5 | $0 |
| Frank Gallagher III PO Box 1047, Aspen, CO 81612 | CFO / Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 400 E MAIN ST STE 2, ASPEN, CO 81611-2919
- In care of
- % BARNETT DAVIS II
- Signed the 990-PF
- Barnett Davis, Executive Director
- Phone
- (310) 721-3063
- Website
- www.thelifefoundationus.org
- Return prepared by
- Reese Henry & Company Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-0127611
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W22)
- Assets (IRS master file)
- $19,734,252
- Income (IRS master file)
- $6,502,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,330,915 | $2,392,273 | $19,734,252 | IRS |
| 990-PF | December 2023 | $3,152,873 | $2,577,110 | $20,447,438 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 26-0127611).
Questions about LOW INCOME FAMILY ENRICHMENT CORPORATION
- What is the EIN of LOW INCOME FAMILY ENRICHMENT CORPORATION?
- The employer identification number (EIN) of LOW INCOME FAMILY ENRICHMENT CORPORATION is 26-0127611.
- Is LOW INCOME FAMILY ENRICHMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to LOW INCOME FAMILY ENRICHMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LOW INCOME FAMILY ENRICHMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LOW INCOME FAMILY ENRICHMENT CORPORATION 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 LOW INCOME FAMILY ENRICHMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LOW INCOME FAMILY ENRICHMENT CORPORATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $136,500 (Barnett Davis II, Executive Director).
- How much revenue does LOW INCOME FAMILY ENRICHMENT CORPORATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,330,915, expenses of $2,392,273 and total assets of $19,734,252 at year end.
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All nonprofits in ASPEN · Colorado · Public and societal benefit