LiveLikeLou Foundation

EIN: 823524872 501(c)(3) Education

Oxford, OH

Total Revenue
$2,927,194
Total Expenses
$1,899,157
Total Assets
$3,965,856
Net Assets
$3,524,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
OH
Principal Officer
Wendy Faust
Phone
5135236345
Tax Period
2023-01-01 to 2023-12-31

LiveLikeLou Foundation, founded in 2017, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 35% operating margin.

Mission

The Live Like Lou Foundation's mission is to create and connect communities to stimulate emerging ALS research and uniquely support families affected by Lou Gehrig's disease. Named in honor of MLB Hall of Famer Lou Gehrig, our vision is to leave ALS better than we found it by supporting families affected by Lou Gehrig's disease, funding emerging researchers seeking meaningful treatments and cures for ALS, and helping generate awareness of Lou Gehrig's disease for the more than 30,000 people currently living with ALS in North America. In the face of his diagnosis with amyotrophic lateral sclerosis ALS Lou continued to live his life with courage, determination, and gratitude. This is what it means to live like Lou.

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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 $2,852,761
Program Service Revenue $0
Investment Income $72,602
Other Revenue $1,831
TOTAL REVENUE $2,927,194

Expense Breakdown

Grants Paid $1,133,405
Salaries & Benefits $0
Fundraising Expenses $152,629
Program Expenses $1,380,153
Other Expenses $685,752
TOTAL EXPENSES $1,899,157

Year-over-Year Comparison

2023 2022 Change
Revenue $2,927,194 $2,796,333 +0.0%
Expenses $1,899,157 $1,727,639 +0.1%
Net Income $1,028,037 $1,068,694 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
400

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
$175,325
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wendy Faust Executive Dir. 40.00
Officer
$0 $14,946 $175,325
Chris W Brussalis Vice Chairman Trustee 2.00
Officer Director
$0 $0 $0
Greyson W Geiler Treasurer 2.00
Officer Director
$0 $0 $0
WL Gray Jr Chairman 2.00
Officer Director
$0 $0 $0
Gaylon D Morris Trustee 2.00
Director
$0 $0 $0
Andy Miller Trustee 2.00
Director
$0 $0 $0
Robert A Biggs Trustee 2.00
Director
$0 $0 $0
Frederick D Reimer Trustee 2.00
Director
$0 $0 $0
David Haire Trustee 2.00
Director
$0 $0 $0
Kylan Morris Trustee 2.00
Director
$0 $0 $0
Jack Silva Trustee 2.00
Director
$0 $0 $0
Brian Dunn Trustee 2.00
Director
$0 $0 $0
Morris Stephens II-to 62024 Trustee 2.00
Director
$0 $0 $0
J David Almacy Trustee 2.00
Director
$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 $2,927,194 $1,899,157 $3,965,856 $1,028,037
2022 $2,796,333 $1,727,639 $2,871,754 $1,068,694
2021 $1,064,974 $642,639 $1,647,060 $422,335
2020 $531,954 $570,480 $1,122,996 $-38,526
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