Overview
What is Life Time Foundation?
Life Time Foundation is a nonprofit organization situated in Chanhassen, Minnesota, with a mission to empower children to live healthily and happily. They achieve this by supporting K-12 schools nationwide, helping them serve nutritious, minimally-processed meals. Their collaborative initiatives with school food leaders involve providing expert guidance on ingredients, analyzing labels with their Green Onion tool, funding staff trainings, and grantmaking for kitchen facility and school food system improvements. The foundation also supports changemakers working towards a healthier lifestyle for children through their grantmaking efforts. With a team of 6 employees, Life Time Foundation is committed to ensuring all children have an opportunity to start their journey towards a healthy lifestyle.
Official website here: www.ltfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Life Time Foundation has received a strong score of 87%, indicating solid performance in accountability and finance. Key strengths include a fully independent board with 100% independent members and robust financial metrics such as a program expense ratio of 92.40%. These aspects suggest that the organization is effectively using its resources to support its mission.
However, there are notable limitations in its governance practices. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Despite these gaps, the foundation has shown a strong commitment to financial health, with a low liabilities to assets ratio and high fundraising efficiency.
Overall, while the Life Time Foundation demonstrates good financial practices and a strong governance structure through its independent board, addressing the identified governance policy gaps could enhance its accountability and further improve its ratings.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Life Time Foundation?
100% of 13 reviewers on Facebook recommend the Life Time Foundation. Here is a summary of their reviews:
Reviewers express strong support for the Life Time Foundation, with many praising the organization for its commitment to improving community health and wellness. The five-star rating from Don Hall at South Beach Media highlights a particularly positive experience and signifies trust in the foundation's mission and effectiveness.
Overall, the sentiment is overwhelmingly positive, suggesting that the Life Time Foundation successfully meets the needs of those it serves and delivers on its promises to enhance the quality of life in the communities it impacts.
This AI summary has been generated from reviews found on Facebook.
Is Life Time Foundation legitimate?
Life Time Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Time Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $67,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,286
For more financial information, click here
Official website here: www.ltfoundation.org
What is the mission statement of Life Time Foundation?
The Life Time Foundation supports initiatives that encourage children to lead healthy and happy lives. They focus on collaborating with K-12 schools and mission-driven organizations nationwide to ensure all children have the opportunity to embark on a journey towards a healthy lifestyle. Their nutrition programs assist schools in serving nutritious, minimally-processed food by providing expert guidance on ingredients and label analysis, funding staff trainings, and grantmaking for kitchen facility and school food system improvements.
Official website here: www.ltfoundation.org
Who is the CEO of Life Time Foundation?
Bahram Akradi is the Chair And President of Life Time Foundation.
Official website here: www.ltfoundation.org
What is the revenue of Life Time Foundation?
Life Time Foundation's revenue in 2022 was $2,241,928.
Official website here: www.ltfoundation.org
Who are the executives of Life Time Foundation and what are their salaries?
The average compensation at Life Time Foundation during 2022 was $62,937. There are 6 employees and 10 volunteers at Life Time Foundation.
Here are 10 key members and their salaries:
- Compensation: $18,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $67,338
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ltfoundation.org
Where can I find the form 990 for Life Time Foundation?
Life Time Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ltfoundation.org
Learn more at the official website: www.ltfoundation.org
Mission Statement of Life Time Foundation
Life Time Foundation, a nonprofit organization, is dedicated to empowering children to live healthy and happy lives. It achieves this mission by supporting K-12 schools and mission-driven organizations nationwide. The foundation's primary goal is to ensure that all children have an opportunity to embark on their journey towards a healthy lifestyle.
In pursuit of its mission, Life Time Foundation focuses on nutrition programs. It collaborates with public K-12 schools, helping them serve nutritious, minimally-processed meals. Through its initiatives, the foundation provides expert guidance on school food ingredients, conducts label analysis using the Green Onion tool, a free online tool for school nutrition professionals, funds staff trainings related to the production and distribution of healthy food options, and grants for improving kitchen facilities and school food systems. In this way, Life Time Foundation contributes to fostering a healthier future for the children it serves.
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Impact
July, 2024
Life Time Foundation's impact can be seen in the support it provides to schools and organizations nationwide, ensuring that children have access to healthy, minimally-processed food options. Through nutrition programs in public K-12 schools, the foundation empowers children to live healthy, happy lives by working with school food leaders to serve nutritious meals. This includes offering expert guidance on ingredients, providing training for staff, funding kitchen facility improvements, and supporting school food system enhancements. By focusing on improving the nutrition environment in schools, Life Time Foundation is making a significant impact on the health and well-being of children across the country.
This information is meant to be a general summary of Life Time Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,260,758
Assets and Liabilities:
- Total Assets: $2,205,014
- Total Liabilities: $84,592
- Net Assets: $2,120,422
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Organization Details
Founding Year
2003
Phone
(952) 229-7226Principal Officer
Bahram Akradi
Main Address
2902 CORPORATE PLACE, CHANHASSEN, MN, 55317
Website
www.ltfoundation.orgNTEE Category
Code: B12 - Education
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