Nonprofit · EIN 68-0397298
LIFE BALANCE INSTITUTE
Tax-exempt · BELVEDERE, CA 94920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $326,590 | $407,236 | -$80,646 | $960,605 | $4,268 | $956,337 |
| December 31, 2023 | 990 | $311,979 | $522,099 | -$210,120 | $1,037,635 | $6,494 | $1,031,141 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,790
- Program service revenue
- $305,587
- Investment income
- $9,213
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,266
- Compensation of officers, directors and key employees
- $196,351
- Salaries, compensation and benefits (total)
- $254,967
- Professional fundraising fees
- $0
- Legal fees
- $8,613
- Accounting fees
- $56,786
- Travel
- $20,145
- Program services (functional)
- $337,945
- Management and general (functional)
- $69,291
Balance sheet and other
- Total assets, start of year
- $1,037,635
- Total assets, end of year
- $960,605
- Total liabilities, end of year
- $4,268
- Net assets, end of year
- $956,337
- Publicly traded securities
- $828,783
- Net assets without donor restrictions
- $956,337
- Gross receipts
- $326,590
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- CA
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 | Other / benefits |
|---|---|---|---|---|
| PHILLIP W MOFFITT | PRESIDENT Trustee or director, Officer | 35 | $24,000 | $17,589 |
| DAN O'SHEA | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| SHEILA SCHAT | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| KATHRYN ARNOLD | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP W MOFFITT | PRESIDENT Trustee or director, Officer | 35 | $24,000 | $16,460 |
| DAN O'SHEA | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| SHEILA SCHAT | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| KATHRYN ARNOLD | MEMBER Trustee or director | 1 | $0 | $0 |
| SEE NOTE RE SECRETARIAL SERVICES | REIMBURSED EXPENSES Trustee or director | 0 | -$13,731 | $0 |
Address and contacts
- Address (IRS master file)
- 1 PELICAN POINT RD, BELVEDERE, CA 94920-2456
- Principal officer (990 for 2024)
- PHILLIP W MOFFIT, ONE PELICAN POINT, BELVEDERE, CA 94920
- Signed the 990
- PHILLIP W MOFFITT, PRESIDENT
- Phone
- (415) 435-3141
- Website
- WWW.LIFEBALANCE.ORG
- Return prepared by
- LBMC PC
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0397298 or by the name LIFE BALANCE INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE LIFE BALANCE INSTITUTE IS A NON-PROFIT TRAINING ORGANIZATION DEDICATED TO HELPING INDIVIDUALS FIND MORE BALANCE, FREEDOM, AND MEANING IN THEIR LIVES. THE LIFE BALANCE INSTITUTE OFFERS TRAINING IN SKILLFUL LIVING, CHANGES AND TRANSITIONS, AND SUSTAINABLE LEADERSHIP.
Program accomplishments
- THE INSTITUTE'S PRIMARY FUNCTION IS TO PROVIDE TRAINING DEDICATED TO HELPING INDIVIDUALS AND EXECUTIVES THROUGH GROUP MEETINGS EITHER SPONSORED SOLELY BY THE INSTITUTE OR OTHER NON-PROFIT ORGANIZATIONS. FOR THE TAX YEAR, 75 DAYS OF TRAINING WERE HELD WITH A TOTAL ESTIMATED 16 SEPARATE CLASS ATTENDANCES. THESE MEETINGS IN THE FORM OF CLASSES RANGED FROM 15 PERSONS TO OVER 115 IN SIZE. THEY WERE HELD IN THE SAN FRANCISCO AREA, SEATTLE, THROUGHOUT CALIFORNIA AND OTHER LOCATIONS, AS WELL AS ONLINE. THE ONE AND MULTIPLE DAY CLASSES, RETREATS AND WORKSHOPS ARE CENTERED ON TEACHING PEOPLE ABOUT SKILLFUL LIVING, MANAGING LIFE CHANGES AND TRANSITIONS AND SUSTAINABLE LEADERSHIP. THESE TEACHINGS INCLUDE MEDIATION, YOGA, MINDFULNESS, STRESS RELIEF AND RELATED SKILLS AND ACTIVITIES. TOTAL REVENUE CONSISTS OF DIRECT CONTRIBUTIONS TO LBI AND CONTRIBUTIONS WHERE APPLICABLE FROM THE SPONSORING NON-PROFIT ORGANIZATION. MANY OF THE SPONSORING ORGANIZATIONS PROVIDE FOR THE TRAVEL EXPENSES OF THE LBI SPEAKER. THE TOTAL REVENUE FOR THE YEAR WAS $88,792.23 AND GENERALLY ALL PROGRAM SERVICE EXPENSES OF $1,234.46 ARE ALLOCABLE. NO ALLOCATION HAS BEEN MADE OF THE MANAGEMENT AND GENERAL CATEGORIES AS ATTRIBUTABLE TO THIS FUNCTION HOWEVER IT IS THE PRIMARY ACTIVITY OF THE INSTITUTE.Expenses $337,945 · grants $3,266 · revenue $88,792
- COUNSELING ACTIVITIES ARE GENERALLY CONDUCTED WITH INDIVIDUAL PERSONS WHO NEED HELP WITH VARIOUS LIFE ISSUES INCLUDING MAJOR CAREER OR POSITION CHANGES, FAMILY RELATIONSHIPS, STRESS ISSUES, AND ACHIEVING A MORE BALANCED LIFE BETWEEN WORK AND FAMILY. DURING THE TAX YEAR AN ESTIMATED 22 PERSONS ATTENDED COUNSELING SESSIONS AND CONTRIBUTED $44,145.00 FOR THE PERIOD. NO PROGRAM EXPENSES HAVE BEEN ALLOCATED TO THIS ACTIVITY.revenue $44,145
- LIFE BALANCE PROFESSIONAL TRAINING PROGRAM IS A CERTIFICATION PROGRAM THAT EQUIPS INDIVIDUALS WITH THE SKILLS NEEDED TO OFFER COUNSELING TO PERSONS WHO NEED HELP WITH VARIOUS LIFE CHANGES AND TRANSITIONS. DURING THE YEAR, 31 INDIVIDUALS PARTICIPATED IN THE TRAINING PROGRAM AND PAID $172,650.02 IN TUITION.revenue $172,650
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
- 68-0397298
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $960,605
- Income (IRS master file)
- $326,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $326,590 | $407,236 | $960,605 | XML |
| 990 | December 2023 | $311,979 | $522,099 | $1,037,635 | XML |
| 990 | December 2022 | $429,674 | $430,021 | $1,107,517 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 68-0397298).
Questions about LIFE BALANCE INSTITUTE
- What is the EIN of LIFE BALANCE INSTITUTE?
- The employer identification number (EIN) of LIFE BALANCE INSTITUTE is 68-0397298.
- Is LIFE BALANCE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to LIFE BALANCE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE BALANCE 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 BALANCE 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 BALANCE INSTITUTE 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 BALANCE INSTITUTE?
- The 990 for the year ended December 31, 2024 names PHILLIP W MOFFIT.
- Who are the officers and directors of LIFE BALANCE INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $24,000 (PHILLIP W MOFFITT, PRESIDENT).
- How much revenue does LIFE BALANCE INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $326,590, expenses of $407,236 and total assets of $960,605 at year end.
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