Overview
What is The Grateful Lives Foundation?
The Grateful Lives Foundation is a nonprofit organization based in Wilmington, Delaware, specifically at Bessemer Tr 20 Montchanin Rd 1500. Their primary objective is to support Christian-based ministries, contributing significantly to these organizations through grants. The Foundation has allocated a substantial amount, totaling $22,896,199, to its primary supported organization, the National Christian Charitable Foundation (NCF). This foundation's mission extends to addressing the spiritual, educational, and physical needs of individuals, enabling them to experience the love of Christ and live a committed Christian life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Grateful Lives Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it needs improvement in various accountability and finance areas. The organization has a decent overall score of 70%, but its lack of publicly available financial statements and missing governance documents highlights significant transparency issues that potential donors may find concerning.
Strengths include a high program expense ratio of 98.53%, reflecting a strong commitment to its mission-related activities. Additionally, the foundation demonstrates good financial health with a low liabilities to assets ratio and a robust working capital ratio of 38.39 years, suggesting it can sustain its operations effectively.
However, the organization struggles with transparency, as it has not posted essential documents such as tax forms, audits, and lists of board and staff members on its website. These deficiencies in accountability may deter potential supporters and raise questions about governance practices, despite having some positive policies in place, such as conflict of interest and whistleblower policies.
This AI summary has been generated from information found on Charity Navigator.
Is The Grateful Lives Foundation legitimate?
The Grateful Lives Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grateful Lives 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: $210,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Grateful Lives Foundation?
The Grateful Lives Foundation is committed to supporting Christian-based ministries that cater to the spiritual, educational, and physical needs of individuals. Their mission is to help these organizations bring the love of Christ to those they serve and enable them to live a dedicated Christian life. Through grant funding, the Foundation contributes significantly to the work of the National Christian Charitable Foundation (NCF), totaling over twenty-two million dollars. By providing resources and support, the Grateful Lives Foundation empowers these ministries to make a positive impact on people's lives, fostering spiritual growth and overall well-being.
Who is the CEO of The Grateful Lives Foundation?
Devon Rolf is the Trustee of The Grateful Lives Foundation.
What is the revenue of The Grateful Lives Foundation?
The Grateful Lives Foundation's revenue in 2022 was $44,773,840.
Who are the executives of The Grateful Lives Foundation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $257,052
- Other: $39,610
- Compensation: $0
- Related: $175,661
- Other: $28,401
- Compensation: $0
- Related: $70,584
- Other: $25,240
- Compensation: $0
- Related: $203,679
- Other: $16,896
- Compensation: $210,112
- Related: $0
- Other: $0
- Compensation: $0
- Related: $125,489
- Other: $14,168
Where can I find the form 990 for The Grateful Lives Foundation?
The Grateful Lives Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Grateful Lives Foundation
The Grateful Lives Foundation is a philanthropic organization with a mission to support Christian-based ministries. These ministries focus on addressing the spiritual, educational, and physical needs of individuals. By providing financial grants, The Grateful Lives Foundation helps these ministries bring the love of Christ to those they serve and enable them to live committed Christian lives.
According to the information, The Grateful Lives Foundation has made significant contributions to the National Christian Charitable Foundation (NCF), totaling $22,896,199. This support underscores the foundation's dedication to making a difference through its partnerships with various Christian ministries. These ministries work tirelessly to meet the various needs of people, not only offering spiritual guidance but also addressing their educational and physical requirements. The Grateful Lives Foundation's mission is to be a beacon of hope and support, helping these ministries thrive and making a meaningful impact on the lives of countless individuals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Grateful Lives Foundation has made a significant impact through its financial support of Christian-based ministries focused on serving the spiritual, educational, and physical needs of individuals. By granting $22,896,199 to the National Christian Charitable Foundation (NCF), the foundation has enabled a variety of initiatives designed to help people understand the love of Christ and lead dedicated Christian lives. This investment fosters community engagement, promotes faith-based programs, and provides essential resources to those in need, ultimately uplifting the lives of many in Wilmington, DE, and beyond.
This information is meant to be a general summary of The Grateful Lives 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.
- Investment Income: $9,125,782
- Gross Receipts: $82,886,515
Assets and Liabilities:
- Total Assets: $508,087,059
- Total Liabilities: $81,250
- Net Assets: $508,005,809
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(302) 230-2675Principal Officer
Devon Rolf
Main Address
Bessemer Tr 20 Montchanin Rd 1500, Wilmington, DE, 19807
NTEE Category
Code: T22 - Philanthropy
If you are a representative of The Grateful Lives Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.