Nonprofit · EIN 61-1359337
LIFT A LIFE FOUNDATION INC
Tax-exempt · MAYFIELD HTS, OH 44124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $15,425,440 | $11,380,479 | $4,044,961 | $64,297,872 | $0 | $64,297,872 |
| December 31, 2023 | 990-PF | $25,115,757 | $6,974,216 | $18,141,541 | $70,193,186 | $0 | $70,193,186 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,313,665
- Dividends
- $889,787
- Interest
- $681,272
- Net gain from sales of assets
- $3,540,716
Expenses
- Grants and similar amounts paid
- $10,181,457
- Compensation of officers, directors and key employees
- $241,835
- Salaries, compensation and benefits (total)
- $27,442
- Disbursements for charitable purposes
- $10,181,457
- Excise tax on investment income
- $63,835
Balance sheet and other
- Total assets, start of year
- $70,193,186
- Total assets, end of year
- $64,297,872
- Total liabilities, end of year
- $0
- Net assets, end of year
- $64,297,872
- Fair market value of assets
- $94,442,531
- Qualifying distributions
- $10,181,457
- Net investment income
- $5,111,775
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY NOVAK BUTLER 40 RIVER HILL DR, LOUISVILLE, KY 40207 | DIRECTOR | 40 | $241,835 |
| DAVID C NOVAK 11658 TURTLE BEACH RD, NORTH PALM BEACH, FL 33408 | DIRECTOR & PRESIDENT | 0 | $0 |
| JONATHAN A BUTLER 40 RIVER HILL DR, LOUISVILLE, KY 40207 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID C NOVAK 11658 TURTLE BEACH RD, NORTH PALM BEACH, FL 33408 | DIRECTOR & PRESIDENT | 0 | $0 |
| ASHLEY NOVAK BUTLER 40 RIVER HILL DR, LOUISVILLE, KY 40207 | DIRECTOR | 40 | $0 |
| JONATHAN A BUTLER 40 RIVER HILL DR, LOUISVILLE, KY 40207 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5900 LANDERBROOK DR STE 200, MAYFIELD HTS, OH 44124-4085
- In care of
- % CORNERSTONE FAMILY OFFICE
- Signed the 990-PF
- ASHLEY N BUTLER, CHIEF EXECUTIVE OFFICER
- Phone
- (502) 290-3218
- Website
- WWW.LIFTALIFEFOUNDATION.ORG
- Return prepared by
- CORNERSTONE FAMILY OFFICE LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 61-1359337
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $64,297,872
- Income (IRS master file)
- $11,884,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $15,425,440 | $11,380,479 | $64,297,872 | IRS |
| 990-PF | December 2023 | $25,115,757 | $6,974,216 | $70,193,186 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 61-1359337).
Questions about LIFT A LIFE FOUNDATION INC
- What is the EIN of LIFT A LIFE FOUNDATION INC?
- The employer identification number (EIN) of LIFT A LIFE FOUNDATION INC is 61-1359337.
- Is LIFT A LIFE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to LIFT A LIFE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIFT A LIFE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIFT A LIFE FOUNDATION INC 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 LIFT A LIFE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LIFT A LIFE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $241,835 (ASHLEY NOVAK BUTLER, DIRECTOR).
- How much revenue does LIFT A LIFE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $15,425,440, expenses of $11,380,479 and total assets of $64,297,872 at year end.
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