Nonprofit · EIN 36-4288405
LIFE MASTERIES INSTITUTE
Tax-exempt · DECATUR, IL 62522
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $80,040 | $85,327 | -$5,287 | $28,939 | $3,073 | $25,866 |
| December 31, 2023 | 990-EZ | $99,276 | $96,190 | $3,086 | $30,516 | – | $30,516 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,115
- Membership dues
- $2,652
- Program service revenue
- $68,271
- Investment income
- $2
Expenses
- Compensation of officers, directors and key employees
- $61,002
- Professional fees and payments to contractors
- $70,512
- Occupancy
- $1,400
- Other expenses
- $13,415
- Program services (functional)
- $85,327
Balance sheet and other
- Total assets, start of year
- $31,153
- Total assets, end of year
- $28,939
- Total liabilities, end of year
- $3,073
- Net assets, end of year
- $25,866
- Cash, savings and investments
- $28,939
- Gross receipts
- $80,040
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shoaib | Programmer | 33.5 | $26,145 |
| Elise Sims | Secretary, Director and Program Assistnat | 15 | $12,191 |
| GingerAnne Collins | President and Program Assistant | 12 | $9,443 |
| Elaine Yoder | Director and Program Assistant | 8.5 | $6,832 |
| Jason Miller | Volunteer | 6 | $5,200 |
| Marla Miller | Program Assistant | 1.5 | $1,191 |
| Mark Boersma | Volunteer | 30 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GingerAnne Collins | President and Program Assistant | 17 | $17,329 |
| Elise Sims | Secretary, Director and Program Assistnat | 15 | $15,576 |
| Jason Miller | Volunteer | 6 | $5,900 |
| Emily Dunn | Director and Program Assistant | 3 | $3,525 |
| Pat Tyma | Program Assistant | 4 | $3,265 |
| Elaine Yoder | Director and Program Assistant | 1.5 | $944 |
| Mark Boersma | Volunteer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 419 S WOODALE AVE, DECATUR, IL 62522-2552
- In care of
- % MARK BOERSMA
- Mailing address (990-N for 2017)
- 28 W 531 Woodland Rd ste 201, Warrenville IL 60555
- Principal officer (990-N for 2017)
- GingerAnne Collins, 101 Rustling Leaves Lane, Stafford VA 22556
- Signed the 990-EZ
- GingerAnne Collins, President
- Website
- lifemasteriesinstitute.org
- Return prepared by
- Compass Accounting LLC
Mission
Helping Businesses and community organizations.
Program accomplishments
- Program Assistants helping single moms and kids at risk within the community by allowing them to assist businesses within the community and allowing them to own their own companies.Expenses $44,260
- Programmers They have created a www.life-gps.org mobile app which we need to share this amazing app with the world.Expenses $26,252
- Programs, Travel, and Office Expenses Programs bringing communities and businesses together in working together and to bring value to families and community leaders to help each person find their life vision.Expenses $14,815
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 36-4288405
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $28,939
- Income (IRS master file)
- $80,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $80,040 | $85,327 | $28,939 | IRS |
| 990-EZ | December 2023 | $99,276 | $96,190 | $30,516 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: GingerAnne Collins | December 31, 2017 | ≤ $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 36-4288405).
Questions about LIFE MASTERIES INSTITUTE
- What is the EIN of LIFE MASTERIES INSTITUTE?
- The employer identification number (EIN) of LIFE MASTERIES INSTITUTE is 36-4288405.
- Is LIFE MASTERIES INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to LIFE MASTERIES INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE MASTERIES INSTITUTE 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 MASTERIES INSTITUTE 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 MASTERIES INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of LIFE MASTERIES INSTITUTE?
- The 990-N for 2017 names GingerAnne Collins.
- Who are the officers and directors of LIFE MASTERIES INSTITUTE?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $26,145 (Shoaib, Programmer).
- How much revenue does LIFE MASTERIES INSTITUTE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $80,040, expenses of $85,327 and total assets of $28,939 at year end.
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