Nonprofit · EIN 26-2074127
GENEROUS LIFE FOUNDATION
Also known as Live the Generous Life
Tax-exempt · SOUTHLAKE, TX 76092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $381,425 | $386,747 | -$5,322 | $70,952 | $130,657 | -$59,705 |
| December 31, 2023 | 990 | $444,531 | $519,243 | -$74,712 | $179,482 | $233,865 | -$54,383 |
| December 31, 2022 | 990 | $808,372 | $797,732 | $10,640 | $211,773 | $191,745 | $20,028 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $375,300
- Program service revenue
- $0
- Investment income
- $6,125
- Net gain from sales of assets
- $5,394
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $382,265
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $386,747
Balance sheet and other
- Total assets, start of year
- $179,482
- Total assets, end of year
- $70,952
- Total liabilities, end of year
- $130,657
- Net assets, end of year
- -$59,705
- Gross receipts
- $767,825
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2008
- State of legal domicile
- KS
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 |
|---|---|---|---|
| JESSECA AZIZ | DIRECTOR Trustee or director, Officer | 2 | $0 |
| SIMON BERESFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
| NATALIE KIME | DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSECA AZIZ | DIRECTOR Trustee or director, Officer | 2 | $0 |
| NATALIE KIME | DIRECTOR Trustee or director, Officer | 2 | $0 |
| SIMON BERESFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSECA AZIZ | DIRECTOR Trustee or director, Officer | 2 | $0 |
| NATALIE KIME | SECRETARY Trustee or director, Officer | 2 | $0 |
| SIMON BERESFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 93839, SOUTHLAKE, TX 76092-0117
- In care of
- % WILLIAM F HIGH
- Mailing address (990-N for 2011)
- 706 N Lindenwood Dr, Olathe KS 66062
- Principal officer (990 for 2024)
- LISA HOLLOWAY, PO BOX 93839, SOUTHLAKE, TX 760920117
- Principal officer (990-N for 2011)
- William High, 706 N Lindnewood Dr, Olathe KS 66062
- Signed the 990
- LISA HOLLOWAY, EXECUTIVE DIRECTOR
- Phone
- (972) 232-7304
- Return prepared by
- ARMANINO ADVISORY LLC
Mission
IDONATE CHARITABLE FOUNDATION EXISTS TO PROVIDE PEOPLE WITH A SIMPLE WAY TO GIVE. THERE ARE SO MANY WAYS TO MAKE A POSITIVE CHANGE IN OUR WORLD BEYOND CASH GIVING. THE MAJORITY OF OUR WEALTH IS TIED UP IN STUFF: CARS, CELL PHONES, PROPERTY, ETC. (CONTINUED ON SCHEDULE O)IDONATE CHARITABLE FOUNDATION IS HERE TO UNLOCK THAT POTENTIAL WITHIN ALL OF US.
Program accomplishments
- IDONATE CHARITABLE FOUNDATION PROMOTES CHARITABLE GIVING. WE LIQUIDATE NONCASH DONATIONS AND SEND GRANT CHECKS TO THE TARGET NONPROFITS.Expenses $386,747 · grants $382,265
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 26-2074127
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S50)
- Assets (IRS master file)
- $70,952
- Income (IRS master file)
- $767,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $381,425 | $386,747 | $70,952 | XML |
| 990 | December 2023 | $444,531 | $519,243 | $179,482 | XML |
| 990 | December 2022 | $808,372 | $797,732 | $211,773 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2011 Officer: William High | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-2074127).
Questions about GENEROUS LIFE FOUNDATION
- What is the EIN of GENEROUS LIFE FOUNDATION?
- The employer identification number (EIN) of GENEROUS LIFE FOUNDATION is 26-2074127.
- Is GENEROUS LIFE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to GENEROUS LIFE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENEROUS LIFE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GENEROUS LIFE 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 GENEROUS LIFE 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 GENEROUS LIFE FOUNDATION?
- The 990 for the year ended December 31, 2024 names LISA HOLLOWAY.
- Who are the officers and directors of GENEROUS LIFE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GENEROUS LIFE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $381,425, expenses of $386,747 and total assets of $70,952 at year end.
Other nonprofits in SOUTHLAKE
- ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING EIN 74-1622293 · last filed 990 for 2024
- OSAGE NATION FOUNDATION EIN 11-3756317 · last filed 990 for 2025
- TRUCKERS SERVICE ASSOCIATION EIN 43-1729529 · last filed 990 for 2025
- ASSOCIATION OF CLUB EXECUTIVES OF DALLAS EIN 26-4348125 · last filed 990 for 2025
- ASSOCIATION OF HOSPITALITY EXECUTIVES INC EIN 26-3722847 · last filed 990-EZ for 2025
- WEST 7TH RESTAURANT BAR & RETAIL ASSN INC EIN 82-4356379 · last filed 990-EZ for 2025
- WOMEN ENTREPRENEURS DFW EIN 47-2132750 · last filed 990-N for 2025
- ASSOCIATED INDUSTRIES OF TEXAS EIN 85-3254049 · last filed 990-N for 2024
All nonprofits in SOUTHLAKE · Texas · Community improvement and capacity building