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EIN 45-2899583

Word of Life Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Schroon Lake
State
New York
Year formed
2012
Most recent tax filings
2023-12-01
NTEE code, primary
X11: Religion-Related Single Organization Support
Description
The Word of Life Foundation is organized and operated to support the religious, charitable, and educational tax-exempt purposes of Word of Life Fellowship Inc. The foundation raises and distributes funds to Word of Life Fellowship Inc and other affiliated organizations. It operates as a supporting organization under the oversight of Word of Life. The foundation is located in Schroon Lake, NY.
Related structure
Word of Life Foundation is a subordinate organization under Word of Life Fellowship.
Total revenues
$24,510,604
2023
Total expenses
$17,291,989
2023
Total assets
$28,006,828
2023
Num. employees
0
2023

Program areas at Word of Life Foundation

THE FOUNDATION IS ORGANIZED AND IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF Word of Life Fellowship Inc . THE FOUNDATION RAISEs AND DISTRIBUTES FUNDS TO WORD OF LIFE FELLOWSHIP INC AND OTHER TAX EXEMPT ORGANIZATIONS WHO FURTHER THE PURPOSES OF WORD OF LIFE FELLOWSHIP INC.

Grants made by Word of Life Foundation

GranteeGrant descriptionAmount
Word of Life FellowshipMinistry$9,976,373
Rock City ChurchMinistry$5,000,000
Finish Line Ministries InternationalMinistry$278,000
...and 58 more grants made totalling $17,114,381

Who funds Word of Life Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundReligion Related$4,220,000
Discover the Book MinistriesMissionary Support$27,587

Personnel at Word of Life Foundation

NameTitleCompensation
John NelsonDirector Officer
Peterson BruceDirector - President / Director - Vice President$0
Brown Bob GDirector - Secretary$0
Brown AndrewDirector - Vice President$0
Nightingale DebDirector Treasurer$0
...and 7 more key personnel

Financials for Word of Life Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$24,063,736
Program services$0
Investment income and dividends$606,063
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-159,195
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$24,510,604

Form 990s for Word of Life Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-25990View PDF
2022-122023-11-06990View PDF
2021-122022-11-14990View PDF
2020-122021-08-30990View PDF
2019-122021-04-01990View PDF
...and 7 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
November 21, 2022
Used new vendors
Identified 1 new vendor, including
August 3, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharitiesDonor Advised Funds (DAFs)
Issues
Religion
Characteristics
Funds one specific organizationReligiousChristianOperates donor advised fundsProvides grantsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 600
Schroon Lake, NY 12870
Metro area
Glens Falls, NY
County
Essex County, NY
Website URL
wol.org/ 
Phone
(518) 494-6000
IRS details
EIN
45-2899583
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X11: Religion-Related Single Organization Support
NAICS code, primary
813110: Religious Organizations
Parent/child status
Subordinate organization
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