Nonprofit · EIN 27-0927269
LIFE RING FOUNDATION
Tax-exempt · ROANOKE, VA 24018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,812,983 | $342,119 | $1,470,864 | $1,859,132 | $2,083 | $1,857,049 |
| December 31, 2023 | 990 | $692,792 | $608,076 | $84,716 | $308,491 | $0 | $308,491 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,220,310
- Program service revenue
- $0
- Investment income
- $35,900
- Net gain from sales of assets
- $19,733
- Net income from fundraising events
- -$443,538
- Other revenue
- -$443,227
Expenses
- Grants and similar amounts paid
- $60,065
- Compensation of officers, directors and key employees
- $106,778
- Salaries, compensation and benefits (total)
- $127,483
- Professional fundraising fees
- $0
- Legal fees
- $9,858
- Accounting fees
- $6,300
- Program services (functional)
- $113,454
- Management and general (functional)
- $201,971
- Fundraising (functional)
- $26,694
Balance sheet and other
- Total assets, start of year
- $308,491
- Total assets, end of year
- $1,859,132
- Total liabilities, end of year
- $2,083
- Net assets, end of year
- $1,857,049
- Publicly traded securities
- $207,401
- Net assets without donor restrictions
- $1,857,049
- Gross receipts
- $2,256,521
- Employees
- 1
- Year formed
- 2009
- 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 |
|---|---|---|---|
| JORDAN BOUSMAN | VP OF PHILAN Officer | 40 | $106,778 |
| BRANDON LACROIX | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH R MARTIN MD | DIRECTOR Trustee or director | 1 | $0 |
| SARAH F WILSON | EXECUTIVE DI Trustee or director, Officer | 40 | $0 |
| JESSICA O WOOLWINE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KELLY S WOOLWINE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD E WOOLWINE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORDAN BOUSMAN | VP OF PHILAN Trustee or director, Officer | 40 | $37,824 |
| ELIZABETH R MARTIN MD | DIRECTOR Trustee or director | 1 | $0 |
| SARAH F WILSON | EXECUTIVE DI Trustee or director, Officer | 40 | $0 |
| JESSICA O WOOLWINE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KELLY S WOOLWINE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD E WOOLWINE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2847 PENN FOREST BLVD STE 201A, ROANOKE, VA 24018-4373
- In care of
- % KELLY S WOOLWINE
- Mailing address (990-N for 2021)
- 3846 Electric Road, Roanoke VA 24018
- Principal officer (990 for 2024)
- KELLY S WOOLWINE
- Principal officer (990-N for 2021)
- Kelly S Woolwine, PO Box 18168, Roanoke VA 24014
- Signed the 990
- KELLY S WOOLWINE, PRESIDENT
- Phone
- (540) 904-1732
- Website
- www.liferingfoundation.org
- Return prepared by
- ANDERSON & REED LLP
Mission
THE FOUNDATION WAS CREATED TO PROVIDE CHARITABLE AND EMERGENCY ASSISTANCE TO INDIVUDUALS AND TAX-EXEMPT ORGANIZATIONS. THE FOUNDATION ALSO FUNDS SCHOLARSHIPS FOR INDIVIDUALS TO ATTEND VIRGINIA TECH.
Program accomplishments
- THE FOUNDATION PROVIDED GENERAL DONATIONS TO NON-PROFITS SUCH AS CHILDREN'S MIRACLE NETWORK, VWCC EDUCATIONAL FOUNDATION, WE ARE ONE LLC, AND VIRGINIA TECH FOUNDATION TO FURTHER THEIR CHARITABLE WORKS.Expenses $60,065 · grants $60,065
- THE FOUNDATION PROVIDED GENERAL DONATIONS TO NON-PROFITS SUCH AS CHILDREN'S MIRACLE NETWORK, VWCC EDUCATIONAL FOUNDATION, WE ARE ONE LLC, AND VIRGINIA TECH FOUNDATION TO FURTHER THEIR CHARITABLE WORKS.Expenses $53,389
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
- 27-0927269
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,859,132
- Income (IRS master file)
- $2,256,521
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,812,983 | $342,119 | $1,859,132 | IRS |
| 990 | December 2023 | $692,792 | $608,076 | $308,491 | XML |
| 990 | December 2022 | $101,106 | $85,757 | $216,961 | IRS |
| 990-N for 2021 Officer: Kelly S Woolwine | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 27-0927269).
Questions about LIFE RING FOUNDATION
- What is the EIN of LIFE RING FOUNDATION?
- The employer identification number (EIN) of LIFE RING FOUNDATION is 27-0927269.
- Is LIFE RING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to LIFE RING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE RING 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 RING 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 RING 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 RING FOUNDATION?
- The 990 for the year ended December 31, 2024 names KELLY S WOOLWINE.
- Who are the officers and directors of LIFE RING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $106,778 (JORDAN BOUSMAN, VP OF PHILAN).
- How much revenue does LIFE RING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,812,983, expenses of $342,119 and total assets of $1,859,132 at year end.
Other nonprofits in ROANOKE
- FRIENDSHIP FOUNDATION EIN 54-1427948 · last filed 990 for 2025
- COMMUNITY FOUNDATION SERVING WESTERN VIRGINIA EIN 54-1959458 · last filed 990 for 2025
- UNITED WAY OF VIRGINIAS BLUE RIDGE EIN 54-0535302 · last filed 990 for 2025
- MCLEOD FAMILY FOUNDATION INC EIN 27-0365906 · last filed 990-PF for 2025
- RONALD MCDONALD HOUSE CHARITIES OF SOUTHWEST VIRGINIA INC EIN 54-1244769 · last filed 990 for 2024
- M W ARMISTEAD III FAMILY FOUNDATION EIN 03-0435755 · last filed 990-PF for 2025
- MARY SUE COLLINS FOUNDATION EIN 82-6821945 · last filed 990-PF for 2025
- NEWBERN FOUNDATION EIN 54-2016695 · last filed 990-PF for 2024
All nonprofits in ROANOKE · Virginia · Philanthropy, voluntarism and grantmaking foundations