Overview
What is Life Connection Of Ohio Foundation Llc?
Life Connection of Ohio Foundation LLC is a nonprofit organization established to facilitate the purchase of its parent organization's corporate headquarters' commercial office building. In 2022, the foundation completed the construction of a new building for this purpose. The foundation's activities primarily involve managing the expenses associated with this acquisition, including amortization, depreciation, and interest from financing arrangements, such as the purchase of land and the closing of a New Market Tax Credit. The foundation's primary source of income is rental income received from Life Connection of Ohio, which will cover future program expenses. The foundation's mission is to support its nonprofit member, Life Connection of Ohio, in fulfilling its religious, charitable, scientific, literary, or educational purposes.
Official website here: www.lifeconnectionofohio.org
Is Life Connection Of Ohio Foundation Llc legitimate?
Life Connection Of Ohio Foundation Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Connection Of Ohio Foundation Llc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lifeconnectionofohio.org
What is the mission statement of Life Connection Of Ohio Foundation Llc?
The Life Connection of Ohio Foundation LLC was established with a specific purpose. Its primary objective is to facilitate the acquisition of its parent organization's corporate headquarters' commercial office building. Operating exclusively for the benefit of its sole nonprofit member, the foundation also carries out religious, charitable, scientific, literary, or educational purposes as per its charter. The foundation's activities are geared towards supporting the mission and objectives of Life Connection of Ohio. While the foundation's primary focus is on real estate acquisition, it also contributes to the overall goals of its parent organization in various capacities.
Official website here: www.lifeconnectionofohio.org
Who is the CEO of Life Connection Of Ohio Foundation Llc?
Matthew Wadsworth is the President of Life Connection Of Ohio Foundation Llc.
Official website here: www.lifeconnectionofohio.org
What is the revenue of Life Connection Of Ohio Foundation Llc?
Life Connection Of Ohio Foundation Llc's revenue in 2022 was $1,033,273.
Official website here: www.lifeconnectionofohio.org
Who are the executives of Life Connection Of Ohio Foundation Llc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $513,628
- Other: $55,028
- Compensation: $0
- Related: $297,699
- Other: $43,051
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifeconnectionofohio.org
Where can I find the form 990 for Life Connection Of Ohio Foundation Llc?
Life Connection Of Ohio Foundation Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeconnectionofohio.org
Learn more at the official website: www.lifeconnectionofohio.org
Mission Statement of Life Connection Of Ohio Foundation Llc
Life Connection of Ohio Foundation LLC was established with a specific purpose. This nonprofit organization was organized to facilitate the acquisition of its parent organization, Life Connection of Ohio's, corporate headquarters' commercial office building. The foundation's operations are strictly dedicated to serving and fulfilling the functions of its sole nonprofit member, Life Connection of Ohio. The foundation's objectives align with religious, charitable, scientific, literary, or educational pursuits, contributing to the betterment of society in these domains.
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Impact
October, 2024
Life Connection Of Ohio Foundation Llc plays a crucial role in the operational efficiency and sustainability of its affiliated organization, Life Connection of Ohio. By facilitating the purchase and construction of a new corporate headquarters, the foundation ensures that resources are allocated effectively to support health-related programs and initiatives.
The completion of the new building in 2022 represents a significant investment in the foundation's infrastructure, allowing for enhanced operational capabilities. The foundation's financial activities, including the management of amortization, depreciation, and interest expenses related to land acquisition and construction, are strategically designed to optimize future program funding.
Furthermore, the rental income generated from the Life Connection of Ohio operations will contribute to long-term financial stability, allowing for continued investment in health and community services. This endeavor not only fulfills a practical need for a dedicated operational space but also reinforces the mission-driven approach to promoting health and wellness within the community.
In summary, Life Connection Of Ohio Foundation Llc has a multifaceted impact: it enhances operational capabilities, ensures financial sustainability, and ultimately supports the broader mission of improving health outcomes in the region.
This information is meant to be a general summary of Life Connection Of Ohio Foundation Llc. 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: $4,143
- Gross Receipts: $1,033,273
Assets and Liabilities:
- Total Assets: $13,984,859
- Total Liabilities: $13,111,327
- Net Assets: $873,532
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Organization Details
Founding Year
2020
Phone
(419) 893-1618Principal Officer
Matthew Wadsworth
Main Address
3661 BRIARFIELD BLVD Suite 105, MAUMEE, OH, 43537
Website
www.lifeconnectionofohio.orgNTEE Category
Code: E11 - Health
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