Nonprofit · EIN 56-1681723
FOUNDATION FOR ABUNDANT LIVING
Tax-exempt · SALISBURY, NC 28145
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $145,179 | $58,904 | $86,275 | $12,476,931 | $733,988 | $11,742,943 |
| September 30, 2024 | 990 | $585,767 | $53,316 | $532,451 | $11,353,816 | $607,485 | $10,746,331 |
| September 30, 2023 | 990 | $454,576 | $37,929 | $416,647 | $9,711,316 | $954,756 | $8,756,560 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $63,640
- Program service revenue
- $0
- Investment income
- $81,539
- Net gain from sales of assets
- $83,840
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Program services (functional)
- $18,767
- Management and general (functional)
- $40,137
Balance sheet and other
- Total assets, start of year
- $11,353,816
- Total assets, end of year
- $12,476,931
- Total liabilities, end of year
- $733,988
- Net assets, end of year
- $11,742,943
- Publicly traded securities
- $11,829,813
- Net assets without donor restrictions
- $10,395,396
- Net assets with donor restrictions
- $1,347,547
- Gross receipts
- $145,179
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- NC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TED GOINS | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $430,398 | $36,615 |
| KIRBY NICKERSON | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $310,130 | $26,824 |
| KESHA SMITH | CHIEF OPERATING OFFICER Key employee | 1 | $0 | $308,014 | $15,106 |
| KAREN MADDRY | SECRETARY Officer | 1 | $0 | $86,227 | $8,636 |
| DOUG NELSON | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD HERMAN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ted Goins | President/CEO Trustee or director, Officer | 1 | $0 | $416,053 | $13,158 |
| Kirby Nickerson | Chief Financial Officer Officer | 1 | $0 | $286,055 | $15,848 |
| Kesha Smith | Chief Operating Officer Key employee | 1 | $0 | $280,725 | $14,715 |
| Karen Maddry | Secretary Officer | 1 | $0 | $84,479 | $10,047 |
| Cary M Grant | Vice Chair Trustee or director | 1 | $0 | $0 | $0 |
| Gregory Hudgins | Chair Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TED GOINS | CEO/PRESIDENT Trustee or director, Officer | 1 | $0 | $381,871 | $12,195 |
| KESHA SMITH | CHIEF OPERATING OFFICER Key employee | 1 | $0 | $261,157 | $15,443 |
| KIRBY NICKERSON | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $259,279 | $15,649 |
| HEIDI RIXMAN | CHIEF DEVELOPMENT OFFICER Officer | 1 | $0 | $136,747 | $3,470 |
| KAREN MADDRY | SECRETARY Officer | 1 | $0 | $81,554 | $8,083 |
| GREGORY HUDGINS | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CARY M GRANT | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 947, SALISBURY, NC 28145-0947
- Principal officer (990 for 2024)
- TED GOINS, PO BOX 947, SALISBURY, NC 28145
- Signed the 990
- TED GOINS, PRESIDENT / CEO
- Phone
- (704) 637-2870
- Website
- WWW.LSCAROLINAS.NET
- Return prepared by
- FORVIS MAZARS LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- THE FOUNDATION FOR ABUNDANT LIVING IS THE FOUNDATION FOR LUTHERAN SERVICES FOR THE AGING, INC. (LSA) AND ITS AFFILIATES. THE PRIMARY OBJECTIVE OF THE FOUNDATION IS TO PROVIDE SUPPORT TO LSA AND ITS AFFILIATES. THE LSA ORGANIZATION IS A SOCIAL MINISTRY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA OPERATING IN NORTH CAROLINA. FOUNDED IN 1960, LSA NOW HAS NURSING HOMES IN SALISBURY, HICKORY, ALBEMARLE, WINSTON-SALEM, WILMINGTON, AND CLEMMONS; RETIREMENT COMMUNITIES IN ARDEN AND SALISBURY; AN ASSISTED LIVING RESIDENCE IN CLEMMONS; AND AN ADULT DAY SERVICES PROGRAM IN SALISBURY. PLEASE SEE SCHEDULE O FOR A CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS. LSA ALSO PROVIDES GERIATRIC ARE MANAGEMENT, HOME CARE, AND INFORMATION AND REFERRAL SERVICES. THE FOUNDATION SHARES LSA'S MINISTRY TO PROVIDE CHRISTIAN CARE TO THOSE SEEKING SERVICES REGARDLESS OF FAITH, DISABILITY OR ECONOMIC STATUS.Expenses $18,767
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-1681723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Exempt since
- 1988
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Group exemption
- 9386: EVANGELICAL LUTHERAN CHURCH IN AMERICA
- Assets (IRS master file)
- $12,476,931
- Income (IRS master file)
- $145,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $145,179 | $58,904 | $12,476,931 | XML |
| 990 | September 2024 | $585,767 | $53,316 | $11,353,816 | XML |
| 990 | September 2023 | $454,576 | $37,929 | $9,711,316 | XML |
| 990 | September 2022 | $271,372 | $94,191 | $8,167,684 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 56-1681723).
Questions about FOUNDATION FOR ABUNDANT LIVING
- What is the EIN of FOUNDATION FOR ABUNDANT LIVING?
- The employer identification number (EIN) of FOUNDATION FOR ABUNDANT LIVING is 56-1681723.
- Is FOUNDATION FOR ABUNDANT LIVING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Which annual return does FOUNDATION FOR ABUNDANT LIVING 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 FOUNDATION FOR ABUNDANT LIVING due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR ABUNDANT LIVING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FOUNDATION FOR ABUNDANT LIVING?
- The 990 for the year ended September 30, 2025 names TED GOINS.
- Who are the officers and directors of FOUNDATION FOR ABUNDANT LIVING?
- The 990 for the year ended September 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR ABUNDANT LIVING have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $145,179, expenses of $58,904 and total assets of $12,476,931 at year end.
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