Foundation For A Lifetime in Portland, Oregon (OR)

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Foundation For A Lifetime
Employer Identification Number (EIN)203364545
Name of OrganizationFoundation For A Lifetime
In Care of NameEddie Passadore
AddressC/O 1805 Sw Montgomery Dr, Portland, OR 97201
SubsectionCharitable Organization
Ruling Date04/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$13,561
Amount of Income$8,453
Form 990 Revenue Amount$8,453
National Taxonomy of Exempt Entities (NTEE)Medical Research: Heart, Circulatory Research


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Amount of income in 2014: $8,453 (it was $500 in 2013)
This organization: 

 $8,453
Other organizations performing similar types of work: 

 $2,488,143

Assets in 2014: $13,561 (it was $6,607 in 2013)
This organization: 

 $13,561
Other organizations performing similar types of work: 

 $1,549,510

Expenses in 2013: $1,791
This organization: 

 $1,791
Other organizations performing similar types of work: 

 $2,139,280

Income to expenses ratio in 2013: 4.7
This organization: 

 4.7
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 100.0%
Foundation For A Lifetime: 

 100.0%
Other organizations performing similar types of work: 

 74.0%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$10,155$0$500
Contributions, gifts, grants, and similar amounts received$10,155$0$500
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$16,627$5,365$1,791
Total net assets$13,263$7,898$6,607
Excess/Deficit for the year$-6,472$-5,365$-1,291
Net assets or fund balances at beginning of year$19,735$13,263$7,898
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$7,898$6,607
Balance Sheets
201120122013
Total assets$13,263$7,898$6,607
Total liabilities$0$0$0
Net assets or fund balances$13,263$7,898$6,607
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$51,045
Subtotal Support$51,045
Gifts, grants, contributions, and membership fees received$51,045
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$78,275
Public Support$51,045
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$23,230
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$4,000
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Miami Heart Research Institute Inc, Florida Heart Research Institute4770 Biscayne Blvd Ste 500, Miami, FL 33137-3228FL1957-11$39,827,321
2Texas Heart InstitutePO BOX 20345, Houston, TX 77225-0345TX1964-05$34,583,007
3Hope Heart Institute1380 112th Ave Ne Ste 200, Bellevue, WA 98004-3759WA1981-05$2,488,143
4Cvpath Institute Inc19 First Field Road, Gaithersburg, MD 20878-1791MD2007-02$11,073,821
5New York Heart Research Foundation Inc200 Old Country Rd Ste 260, Mineola, NY 11501-4240NY2004-08$493,340
6Cardiometabolic Disease Research Foundation5304 North Clover Drive, Memphis, TN 38120TN2008-08$369,859
7Foundation For A LifetimeC/O 1805 Sw Montgomery Dr, Portland, OR 97201OR2006-04$8,453
8Florida Cardiovascular Institute Research Foundation Inc, Florida Cardiovascular Institute Research Foundation509 South Armenia Avenue Suite 200, Tampa, FL 33609-3395FL2002-12$0
9Right To Health IncPo Box 2293, Clackamas, OR 97015OR2008-07$0
Number of organizations performing similar types of work
Florida2
Maryland1
New York1
Oregon2
Tennessee1
Texas1
Washington1
Total9

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