Nonprofit · EIN 99-3187855
LIFE FOUNDATION
Tax-exempt · MYRTLE BEACH, SC 29588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $58,050 | $97,346 | -$39,296 | $56,925 | $47,500 | $47,788 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $58,050
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $22,781
- Occupancy
- $43,225
- Other expenses
- $31,340
- Program services (functional)
- $96,880
Balance sheet and other
- Total assets, start of year
- $48,254
- Total assets, end of year
- $56,925
- Total liabilities, end of year
- $47,500
- Net assets, end of year
- $47,788
- Cash, savings and investments
- $56,925
- Gross receipts
- $58,050
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Will Smith | President | 40 | $0 |
| Diane Smith | Vice President | 30 | $0 |
| Diane Smith | Treasurer | 10 | $0 |
| Heather Alexander | Secretary | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 7433 SPRINGSIDE DR, MYRTLE BEACH, SC 29588-6754
- Mailing address (990-N for 2025)
- 7433 SPRINGSIDE DR, Myrtle Beach SC 29588
- Principal officer (990-N for 2025)
- WILLIAM O SMITH, 7433 SPRINGSIDE DR, Myrtle Beach SC 29588
- Signed the 990-EZ
- Will Smith, President
- Return prepared by
- Buzy Bee Business Concepts
Mission
The Life Foundation is building the C2C-Commitment 2 Career Initiative which targets low- to moderate-income individuals who currently have a roof over their heads but lack the vocational skills financial literacy and social structure required for long-term sustainability.
Program accomplishments
- House of Hope grantExpenses $96,880 · grants $58,050
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-3187855
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $56,925
- Income (IRS master file)
- $58,050
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: WILLIAM O SMITH | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2025 | $58,050 | $97,346 | $56,925 | XML |
| 990-N for 2024 Officer: WILLIAM O SMITH | December 31, 2024 | ≤ $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 99-3187855).
Questions about LIFE FOUNDATION
- What is the EIN of LIFE FOUNDATION?
- The employer identification number (EIN) of LIFE FOUNDATION is 99-3187855.
- Is LIFE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to LIFE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LIFE 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 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of LIFE FOUNDATION?
- The 990-N for 2025 names WILLIAM O SMITH.
- Who are the officers and directors of LIFE FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does LIFE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $58,050, expenses of $97,346 and total assets of $56,925 at year end.
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All nonprofits in MYRTLE BEACH · South Carolina · Human services