Nonprofit · EIN 54-2015370
LIFENET FOUNDATION
Tax-exempt · VIRGINIA BCH, VA 23453
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $374,374 | $103,824 | $270,550 | $2,648,840 | $367,939 | $2,280,901 |
| December 31, 2023 | 990 | $199,934 | $103,179 | $96,755 | $2,019,354 | $9,003 | $2,010,351 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $435,031
- Program service revenue
- $0
- Investment income
- $66,914
- Net income from fundraising events
- -$127,571
- Other revenue
- -$127,571
Expenses
- Grants and similar amounts paid
- $63,163
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $300
- Travel
- $4,657
- Program services (functional)
- $103,824
Balance sheet and other
- Total assets, start of year
- $2,019,354
- Total assets, end of year
- $2,648,840
- Total liabilities, end of year
- $367,939
- Net assets, end of year
- $2,280,901
- Net assets without donor restrictions
- $2,280,901
- Gross receipts
- $737,760
- Employees
- 0
- Volunteers
- 122
- Year formed
- 1990
- State of legal domicile
- VA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR RONY THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $3,545,517 | $572,453 |
| MR DOUG WILSON | CHAIR Trustee or director, Officer | 1 | $0 | $945,386 | $239,307 |
| MR J PHILIP JONES | TREASURER/CFO Trustee or director, Officer | 1 | $0 | $546,918 | $242,595 |
| MR GORDON BERKSTRESSER | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR RONY THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $2,948,491 | $569,789 |
| MR DOUG WILSON | CHAIR Trustee or director, Officer | 1 | $0 | $830,337 | $144,269 |
| MR DARRELL JESSEE | BOARD MEMBER Trustee or director | 1 | $0 | $540,051 | $111,121 |
| MR J PHILIP JONES | TREASURER/CFO Trustee or director, Officer | 1 | $0 | $428,549 | $168,205 |
| MR GORDON BERKSTRESSER | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| MRS ANN LANGE | BOARD MEMBER (END 11/11/23) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1864 CONCERT DR, VIRGINIA BCH, VA 23453-1903
- In care of
- % GORDON BERKSTRESSER
- Principal officer (990 for 2024)
- RONY THOMAS, 1864 CONCERT DR, VIRGINIA BEACH, VA 23453
- Signed the 990
- J PHILIP JONES, TREASURER
- Phone
- (757) 464-4761
- Website
- WWW.LIFENETHEALTH.ORG
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- SPONSORED GRIEF SERVICES AND PURCHASED PUBLIC EDUCATION MATERIALS FOR DISTRIBUTION TO THE GENERAL PUBLIC.Expenses $103,824 · grants $63,163
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
- 54-2015370
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $2,648,840
- Income (IRS master file)
- $737,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $374,374 | $103,824 | $2,648,840 | XML |
| 990 | December 2023 | $199,934 | $103,179 | $2,019,354 | XML |
| 990 | December 2022 | $293,196 | $136,293 | $1,924,814 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 54-2015370).
Questions about LIFENET FOUNDATION
- What is the EIN of LIFENET FOUNDATION?
- The employer identification number (EIN) of LIFENET FOUNDATION is 54-2015370.
- Is LIFENET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to LIFENET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFENET 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 LIFENET 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 LIFENET 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 LIFENET FOUNDATION?
- The 990 for the year ended December 31, 2024 names RONY THOMAS.
- Who are the officers and directors of LIFENET FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LIFENET FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $374,374, expenses of $103,824 and total assets of $2,648,840 at year end.
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