BARNUM FOUNDATION FOR LIFE INC FKA FOUNDATION FOR LIFE INC

EIN: 205046845 501(c)(3) Philanthropy & Grantmaking

SHELTON, CT

Total Revenue
$129,724
Total Expenses
$96,244
Total Assets
$301,340
Net Assets
$301,340
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CT
Principal Officer
JOSEPH LOPRESTI
Phone
2035136224
Tax Period
2024-01-01 to 2024-12-31

BARNUM FOUNDATION FOR LIFE INC FKA FOUNDATION FOR LIFE INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $33K, a strong 26% operating margin.

Mission

TO PROVIDE A WAY TO GIVE BACK TO COMMUNITY INCLUDING DONATIONS AND PARTICIPATING IN VARIOUS FUNDRASING INITIATIVES. IT IS TO MAKE A DIFFERENCE BEYOND THE OFFICE WALLS AND INTO COMMUNITIES WHERE WE WORK AND LIVE TO IMPROVE THE LIVES OF UNDERPRIVILEDGED CHILDREN AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $125,361
Program Service Revenue $0
Investment Income $6,711
Other Revenue $-2,348
TOTAL REVENUE $129,724

Expense Breakdown

Grants Paid $39,900
Salaries & Benefits $37,515
Fundraising Expenses $17,010
Program Expenses $47,403
Other Expenses $18,829
TOTAL EXPENSES $96,244

Year-over-Year Comparison

2024 2023 Change
Revenue $129,724 $179,754 -0.3%
Expenses $96,244 $128,272 -0.2%
Net Income $33,480 $51,482 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
1
Volunteers
88

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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BAUER DIRECTOR 8.00
Director
$0 $0 $0
BENJAMIN SOCCODATO DIRECTOR 8.00
Director
$0 $0 $0
DANA IAN DIRECTOR 8.00
Director
$0 $0 $0
DAWN ROBINSON DIRECTOR 8.00
Director
$0 $0 $0
IAN QUERZE DIRECTOR 8.00
Director
$0 $0 $0
JEFFREY BLANCO DIRECTOR 8.00
Director
$0 $0 $0
JENNEE BLANCO DIRECTOR 8.00
Director
$0 $0 $0
JOE VACCA DIRECTOR 8.00
Director
$0 $0 $0
JOHN CORRARO DIRECTOR 8.00
Director
$0 $0 $0
KEVIN MCAVOY DIRECTOR 8.00
Director
$0 $0 $0
LISA GANINO DIRECTOR 8.00
Director
$0 $0 $0
MELISSA POLI DIRECTOR 8.00
Director
$0 $0 $0
NATALINA DEMEIS DIRECTOR 8.00
Director
$0 $0 $0
PIETRO RUGGERI DIRECTOR 8.00
Director
$0 $0 $0
JUSTIN PODIELSKI DIRECTOR 8.00
Director
$0 $0 $0
MINDEE BLANCO FOUNDER 8.00
Officer
$0 $0 $0
PAUL BLANCO FOUNDER 8.00
Officer
$0 $0 $0
JOSEPH D LOPRESTI PRESIDENT 8.00
Officer
$0 $0 $0
BENJAMIN HOWARTH SECRETARY 8.00
Officer
$0 $0 $0
JIM IAN TREASURER 8.00
Officer
$0 $0 $0
AMELIA NATHANSON VICE PRESIDENT 8.00
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 $129,724 $96,244 $301,340 $33,480
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