LIFE TIME FOUNDATION

EIN: 030533192 501(c)(3) Education

CHANHASSEN, MN

Total Revenue
$2,863,171
Total Expenses
$2,627,241
Total Assets
$2,339,847
Net Assets
$2,065,701
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
BAHRAM AKRADI
Phone
9522297226
Tax Period
2023-01-01 to 2023-12-31

LIFE TIME FOUNDATION, founded in 2003, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 8% surplus.

Mission

THROUGH FINANCIAL GRANTS AND DIRECT ACTION, WE SUPPORT YOUTH NUTRITION BY HELPING SCHOOLS SERVE WHOLESOME, NOURISHING, MINIMALLY PROCESSED FOOD TO STUDENTS; YOUTH MOVEMENT BY CHAMPIONING PHYSICAL MOVEMENT PROGRAMS THAT GET CHILDREN ACTIVE AND EXCITED TO MOVE FOR LIFE; AND A HEALTHY PLANET BY SUPPORTING FORESTATION AND CONSERVATION INITIATIVES, SO EVERYONE CAN LIVE HEALTHY, HAPPY LIVES.

Program Service Accomplishments

Program 1
Expenses: $709,412 Revenue: $0

OUR NUTRITION PROGRAMS WORK WITH PUBLIC K-12 SCHOOLS IS BY SUPPORTING THEM IN SERVING DELICIOUS, NUTRITION, MINIMALLY-PROCESSED FOOD IN SCHOOL. OUR COLLABORATIVE INITIATIVES WITH SCHOOL FOOD LEADERS...

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OUR NUTRITION PROGRAMS WORK WITH PUBLIC K-12 SCHOOLS IS BY SUPPORTING THEM IN SERVING DELICIOUS, NUTRITION, MINIMALLY-PROCESSED FOOD IN SCHOOL. OUR COLLABORATIVE INITIATIVES WITH SCHOOL FOOD LEADERS ENTAIL: PROVIDING EXPERT GUIDANCE RELATED TO INGREDIENTS IN SCHOOL FOODS AND LABEL ANALYSIS WITH OUR GREEN ONION TOOL, WHICH IS A FREE ONLINE TOOL FOR SCHOOL NUTRITION PROFESSIONALS. FUNDING OF STAFF TRAININGS RELATED TO THE PRODUCTION AND DISTRIBUTION OF HEALTHY FOOD OPTIONS. GRANTMAKING RELATED TO KITCHEN FACILITY, AND SCHOOL FOOD SYSTEM IMPROVEMENT.

Program 2
Expenses: $387,330 Revenue: $0

OUR YOUTH MOVEMENT PROGRAMS FUNDS PROJECTS AND INITIATIVES SO THAT ALL KIDS, SPECIFICALLY THOSE IN HISTORICALLY UNDERSERVED COMMUNITIES, HAVE ACCESS TO SAFE, FUN, ENRICHING PHYSICAL ACTIVITIES, WITH...

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OUR YOUTH MOVEMENT PROGRAMS FUNDS PROJECTS AND INITIATIVES SO THAT ALL KIDS, SPECIFICALLY THOSE IN HISTORICALLY UNDERSERVED COMMUNITIES, HAVE ACCESS TO SAFE, FUN, ENRICHING PHYSICAL ACTIVITIES, WITH THE INTENTION THEY WILL CHOOSE TO STAY ACTIVE FOR LIFE. THROUGH THE YOUTH MOVEMENT PROGRAM, LIFE TIME FOUNDATION WILL PROVIDE GRANTS OF UP TO $15,000 FOR SCHOOL SITES AND LOCAL NON-PROFIT ORGANIZATIONS, AND UP TO $100,000 FOR SCHOOL DISTRICTS.

Program 3
Expenses: $1,010,931 Revenue: $0

OUR HEALTHY PLANET PROGRAM , WE PARTNER WITH SCHOOLS AND NON-PROFIT ORGANIZATIONS TO EDUCATE AND PROMOTE REFORESTATION AND CONSERVATION TO HELP COMBAT THE ESCALATING IMPACT OF GREENHOUSE GAS...

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OUR HEALTHY PLANET PROGRAM , WE PARTNER WITH SCHOOLS AND NON-PROFIT ORGANIZATIONS TO EDUCATE AND PROMOTE REFORESTATION AND CONSERVATION TO HELP COMBAT THE ESCALATING IMPACT OF GREENHOUSE GAS EMISSIONS. FROM LOCAL TREE-PLANTING INITIATIVES TO BROADER FORESTATION AND CONSERVATION PROGRAMS, THE LIFE TIME FOUNDATION IS COMMITTED TO WORKING TOGETHER TO ADDRESS ONE OF OUR MOST URGENT CHALLENGES, CLIMATE CHANGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,797,396
Program Service Revenue $0
Investment Income $0
Other Revenue $65,775
TOTAL REVENUE $2,863,171

Expense Breakdown

Grants Paid $1,847,426
Salaries & Benefits $446,351
Fundraising Expenses $238,895
Program Expenses $2,118,573
Other Expenses $333,464
TOTAL EXPENSES $2,627,241

Year-over-Year Comparison

2023 2022 Change
Revenue $2,863,171 $2,241,928 +0.3%
Expenses $2,627,241 $2,579,074 +0.0%
Net Income $235,930 $-337,146 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$42,448
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BAHRAM AKRADI CHAIR AND PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES SPOLAR SECRETARY 1.00
Officer Director
$0 $0 $0
AARON SWITZ DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY REGER DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
CORY SVIHLA DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY AKRADI DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GRIFFITH DIRECTOR- BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE HEPLER DIRECTOR- BOARD MEMBER 1.00
Director
$0 $0 $0
MECHELLE FREEMAN DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
TAMI KOZIKOWSKI DIRECTOR - BOARD MEMBER 1.00
Director
$0 $0 $0
MARNIE WELLS EXECUTIVE DIRECTOR (END 4/23) 40.00
Officer
$42,448 $0 $42,448
KIMO SEYMOUR VICE CHAIR, EXECUTIVE DIR. & TREASURER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,863,171 $2,627,241 $2,339,847 $235,930
2022 $2,241,928 $2,579,074 $2,205,014 $-337,146
2021 $2,904,635 $2,930,147 $2,791,059 $-25,512
2020 $7,659,854 $7,682,315 $2,614,763 $-22,461
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