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Nonprofit · EIN 03-0533192

LIFE TIME FOUNDATION

Tax-exempt · CHANHASSEN, MN 55317

Financials

$2.9M$2.6M2023$2.6M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of LIFE TIME FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,630,212$2,124,149$506,063$2,589,444$54,458$2,534,986
December 31, 2023990$2,863,171$2,627,241$235,930$2,339,847$274,146$2,065,701
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,558,641
Program service revenue
$0
Investment income
$0
Net income from fundraising events
-$9,659
Other revenue
$71,571

Expenses

Grants and similar amounts paid
$1,320,703
Other salaries and wages
$401,461
Salaries, compensation and benefits (total)
$469,452
Professional fundraising fees
$0
Legal fees
$17,962
Accounting fees
$35,192
Travel
$9,034
Program services (functional)
$1,560,276
Management and general (functional)
$302,504
Fundraising (functional)
$261,369

Balance sheet and other

Total assets, start of year
$2,339,847
Total assets, end of year
$2,589,444
Total liabilities, end of year
$54,458
Net assets, end of year
$2,534,986
Net assets without donor restrictions
$2,231,901
Net assets with donor restrictions
$303,085
Gross receipts
$2,651,654
Employees
6
Volunteers
10
Year formed
2003
State of legal domicile
MN

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.

NameTitleHours / weekCompensation
BAHRAM AKRADICHAIR AND PRESIDENT
Trustee or director, Officer
1$0
AARON SWITZDIRECTOR - BOARD MEMBER
Trustee or director
1$0
BRITTANY REGERDIRECTOR - BOARD MEMBER
Trustee or director
1$0
CORY SVIHLADIRECTOR - BOARD MEMBER
Trustee or director
1$0
EMILY AKRADIDIRECTOR - BOARD MEMBER
Trustee or director
1$0
JOHN GRIFFITHDIRECTOR- BOARD MEMBER
Trustee or director
1$0
KATIE HEPLERDIRECTOR- BOARD MEMBER
Trustee or director
1$0
MATT TESKEDIRECTOR - BOARD MEMBER (START 10/24)
Trustee or director
1$0
MECHELLE FREEMANDIRECTOR - BOARD MEMBER
Trustee or director
1$0
TAMI KOZIKOWSKIDIRECTOR - BOARD MEMBER
Trustee or director
1$0
KIMO SEYMOURVICE CHAIR, EXECUTIVE DIR. & TREASURER
Officer
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
MARNIE WELLSEXECUTIVE DIRECTOR (END 4/23)
Officer
40$42,448
BAHRAM AKRADICHAIR AND PRESIDENT
Trustee or director, Officer
1$0
JAMES SPOLARSECRETARY
Trustee or director, Officer
1$0
AARON SWITZDIRECTOR - BOARD MEMBER
Trustee or director
1$0
BRITTANY REGERDIRECTOR - BOARD MEMBER
Trustee or director
1$0
CORY SVIHLADIRECTOR - BOARD MEMBER
Trustee or director
1$0
EMILY AKRADIDIRECTOR - BOARD MEMBER
Trustee or director
1$0
JOHN GRIFFITHDIRECTOR- BOARD MEMBER
Trustee or director
1$0
KATIE HEPLERDIRECTOR- BOARD MEMBER
Trustee or director
1$0
MECHELLE FREEMANDIRECTOR - BOARD MEMBER
Trustee or director
1$0
TAMI KOZIKOWSKIDIRECTOR - BOARD MEMBER
Trustee or director
1$0
KIMO SEYMOURVICE CHAIR, EXECUTIVE DIR. & TREASURER
Officer
1$0

Address and contacts

Address (IRS master file)
2902 CORPORATE PL, CHANHASSEN, MN 55317-4560
Principal officer (990 for 2024)
BAHRAM AKRADI, 2902 CORPORATE PLACE, CHANHASSEN, MN 55317
Signed the 990
KIMO SEYMOUR, EXECUTIVE DIRECTOR, TREASURER
Phone
(952) 229-7226
Return prepared by
DELOITTE TAX LLP

Mission

THROUGH FINANCIAL GRANTS AND DIRECT ACTION, WE SUPPORT YOUTH NUTRITION BY HELPING SCHOOLS SERVE WHOLESOME, NOURISHING, MINIMALLY PROCESSED FOOD TO STUDENTS; YOUTH MOVEMENT BY CHAMPIONING PHYSICAL MOVEMENT PROGRAMS THAT GET CHILDREN ACTIVE AND EXCITED TO MOVE FOR LIFE; AND A HEALTHY PLANET BY SUPPORTING FORESTATION AND CONSERVATION INITIATIVES, SO EVERYONE CAN LIVE HEALTHY, HAPPY LIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR NUTRITION PROGRAMS WORK WITH PUBLIC K-12 SCHOOLS IS BY SUPPORTING THEM IN SERVING DELICIOUS, NUTRITION, MINIMALLY-PROCESSED FOOD IN SCHOOL. OUR COLLABORATIVE INITIATIVES WITH SCHOOL FOOD LEADERS ENTAIL: PROVIDING EXPERT GUIDANCE RELATED TO INGREDIENTS IN SCHOOL FOODS AND LABEL ANALYSIS WITH OUR GREEN ONION TOOL, WHICH IS A FREE ONLINE TOOL FOR SCHOOL NUTRITION PROFESSIONALS. FUNDING OF STAFF TRAININGS RELATED TO THE PRODUCTION AND DISTRIBUTION OF HEALTHY FOOD OPTIONS. GRANTMAKING RELATED TO KITCHEN FACILITY, AND SCHOOL FOOD SYSTEM IMPROVEMENT.
    Expenses $705,540 · grants $567,029
  • OUR YOUTH MOVEMENT PROGRAMS FUNDS PROJECTS AND INITIATIVES SO THAT ALL KIDS, SPECIFICALLY THOSE IN HISTORICALLY UNDERSERVED COMMUNITIES, HAVE ACCESS TO SAFE, FUN, ENRICHING PHYSICAL ACTIVITIES, WITH THE INTENTION THEY WILL CHOOSE TO STAY ACTIVE FOR LIFE. THROUGH THE YOUTH MOVEMENT PROGRAM, LIFE TIME FOUNDATION WILL PROVIDE GRANTS OF UP TO $15,000 FOR SCHOOL SITES AND LOCAL NON-PROFIT ORGANIZATIONS, AND UP TO $100,000 FOR SCHOOL DISTRICTS.
    Expenses $360,173 · grants $295,174
  • OUR HEALTHY PLANET PROGRAM , WE PARTNER WITH SCHOOLS AND NON-PROFIT ORGANIZATIONS TO EDUCATE AND PROMOTE REFORESTATION AND CONSERVATION TO HELP COMBAT THE ESCALATING IMPACT OF GREENHOUSE GAS EMISSIONS. FROM LOCAL TREE-PLANTING INITIATIVES TO BROADER FORESTATION AND CONSERVATION PROGRAMS, THE LIFE TIME FOUNDATION IS COMMITTED TO WORKING TOGETHER TO ADDRESS ONE OF OUR MOST URGENT CHALLENGES, CLIMATE CHANGE.
    Expenses $494,563 · grants $458,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0533192
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$2,589,444
Income (IRS master file)
$2,651,654

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,630,212$2,124,149$2,589,444XML
990December 2023$2,863,171$2,627,241$2,339,847XML
990December 2022$2,241,928$2,579,074$2,205,014IRS
990December 2021–––IRS
990December 2020–––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 03-0533192).

Questions about LIFE TIME FOUNDATION

What is the EIN of LIFE TIME FOUNDATION?
The employer identification number (EIN) of LIFE TIME FOUNDATION is 03-0533192.
Is LIFE TIME FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to LIFE TIME FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIFE TIME 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 LIFE TIME 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 TIME 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 TIME FOUNDATION?
The 990 for the year ended December 31, 2024 names BAHRAM AKRADI.
Who are the officers and directors of LIFE TIME FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does LIFE TIME FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,630,212, expenses of $2,124,149 and total assets of $2,589,444 at year end.

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