Nonprofit · EIN 87-3353415
LIFE PLAN FOUNDATION
Tax-exempt · TAYLORSVILLE, UT 84129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $199,156 | $5,512 | $193,644 | $538,631 | $0 | $538,631 |
| December 31, 2024 | 990-EZ | $166,494 | $3,161 | $163,333 | $331,537 | $0 | $331,537 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $180,952
- Program service revenue
- $0
- Investment income
- $18,204
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $243
- Management and general (functional)
- $5,512
Balance sheet and other
- Total assets, start of year
- $331,537
- Total assets, end of year
- $538,631
- Total liabilities, end of year
- $0
- Net assets, end of year
- $538,631
- Publicly traded securities
- $504,070
- Net assets without donor restrictions
- $538,631
- Gross receipts
- $199,156
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2022
- State of legal domicile
- UT
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christine Sharer | President Trustee or director, Officer | 8 | $0 |
| Sheila Muller | Vice President Trustee or director, Officer | 4 | $0 |
| David Erickson | Treasurer Trustee or director, Officer | 6 | $0 |
| Kathleen Gaston | Secretary Trustee or director, Officer | 4 | $0 |
| David Hanson | Board Member Trustee or director | 4 | $0 |
| Marcel Lettre | Board Member Trustee or director | 4 | $0 |
| David Zangrilli | Board Member Trustee or director | 4 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sheila Muller | Director | 4 | $0 |
| Don Porter | Director | 4 | $0 |
| Christine Sharer | Director | 4 | $0 |
| David Hanson | President | 8 | $0 |
| Keith Miller | Vice President | 4 | $0 |
| Elizabeth Woods | Secretary | 4 | $0 |
| David Erickson | Treasurer | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 3375 W MT ELLEN WAY PC 520, TAYLORSVILLE, UT 84129-0000
- Mailing address (990-N for 2023)
- 3375 Mount Ellen Drive PC520, Taylorsville UT 84129
- Principal officer (990 for 2025)
- David Erickson, 3375 W Mt Ellen Way PC 520, Taylorsville, UT 84129
- Principal officer (990-N for 2023)
- David Hanson, 3390 W Signal Peak Drive MP208, Taylorsville UT 84129
- Signed the 990
- David Erickson, Treasurer
- Phone
- (801) 369-8587
- Return prepared by
- Squire & Company
Mission
Providing financial education and security for Life Plan community residents.
Program accomplishments
- Provide assistance to seniors who reside in Utah Life Plan Communities, when they are in danger of losing their housing either through a catastrophic medical or financial event, or the gradual inflation of rents and health care costs that accumulate over time for seniors with fixed incomes. Based on the experience of other Life Plan Communities around the country that have been in operation for decades, we understand that the need for this kind of assistance usually arises around year ten of a Life Plan Community. So far, after six and one-half years, no need for assistance has arisen.
- Provide education for seniors and their families on financial planning for retirement and financial management in retirement. In 2024 we provided education for 210 people. So far, all of this has been provided to our Foundation in kind by financial and legal professionals and friends of the Foundation. Examples include: Tax strategies in charitable giving, navigating family dynamics in estate planning, questions to ask your financial advisor, costs of high-intensity long term care, and duties and responsibilites of Executors vs. Trustees or Successor Trustees.
- Athough there is only one Life Plan community now operating in Utah, there will very likely be others in the not-too-distant future. As similar communities are built, we are ready to offer our services as an umbrella or consultant for similar for-profit or not-for-profit institutions hoping to accomplish the same goals.
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-3353415
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P81)
- Assets (IRS master file)
- $538,631
- Income (IRS master file)
- $199,156
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $199,156 | $5,512 | $538,631 | IRS |
| 990-EZ | December 2024 | $166,494 | $3,161 | $331,537 | IRS |
| 990-N for 2023 Officer: David Hanson | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: David Hanson | December 31, 2022 | ≤ $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 87-3353415).
Questions about LIFE PLAN FOUNDATION
- What is the EIN of LIFE PLAN FOUNDATION?
- The employer identification number (EIN) of LIFE PLAN FOUNDATION is 87-3353415.
- Is LIFE PLAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LIFE PLAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE PLAN 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 PLAN FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIFE PLAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LIFE PLAN FOUNDATION?
- The 990 for the year ended December 31, 2025 names David Erickson.
- Who are the officers and directors of LIFE PLAN FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LIFE PLAN FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $199,156, expenses of $5,512 and total assets of $538,631 at year end.
Other nonprofits in TAYLORSVILLE
- FAMILY SUPPORT CENTER EIN 87-0359719 · last filed 990 for 2025
- SOAP2HOPE EIN 84-2283859 · last filed 990 for 2025
- SOUTHERN SUDAN HUMANITARIAN EIN 20-5354626 · last filed 990-EZ for 2025
- SYNERGY FAMILY SERVICES FOUNDATION EIN 84-5076171 · last filed 990-PF for 2025
- MACOTE ENTREPRENEUR CENTER EIN 82-4742048 · last filed 990-N for 2024
- VIETNAMESE COMMUNITY OF UTAH EIN 73-1646696 · last filed 990-N for 2025
- KINDNESS PROJECT OF SALT LAKE CITY EIN 92-1999537 · last filed 990-N for 2025
- HOPE FOR HEALING EIN 37-1863754 · last filed 990-N for 2025