2013-10-31T10:23:40-07:00 2012-12-31 990 2012-01-01 452899583 WORD OF LIFE FOUNDATION INC WORD 5184946200 PO Box 600 Schroon Lake NY 12870 Bobby Brown 5184946205 2013-10-31 2012 2016-02-25 16:41:14Z Bobby G Brown PO Box 600 Schroon Lake NY 12870 36888295 0 X www.wol.org X 2012 NY The Foundation is organized and operated exclusively to support the overall mission and vision of Word of Life Fellowship, Inc (Word of Life) . Word of Life will oversee the affairs of the Foundation and ensure that all actions of the Foundation are consistent with the mission, vision, values and purposes of Word of Life. The Foundation, by receiving and managing charitable contributions, will support Word of Life and other charities whose work furthers Word of Life's purposes. 7 3 0 3 0 0 32450687 0 812173 0 0 33262860 4886654 0 0 0 70764 156247 0 5042901 0 28219959 0 28269739 0 206000 0 28063739 THE FOUNDATION IS ORGANIZED AND IS OPERATED AS A TYPE 1 SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF WORD OF LIFE FELLOWSHIP INC. THE FOUNDATION RECEIVES AND DISTRIBUTES FUNDS TO WORD OF LIFE FELLOWSHIP INC AND OTHER TAX EXEMPT ORGANIZATIONS WHO FURTHER THE PURPOSES OF WORD OF LIFE FELLOWSHIP INC. 0 0 4886654 4886654 0 THE FOUNDATION IS ORGANIZED AND IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF Word of Life Fellowship Inc . THE FOUNDATION RAISEs AND DISTRIBUTES FUNDS TO WORD OF LIFE FELLOWSHIP INC AND OTHER TAX EXEMPT ORGANIZATIONS WHO FURTHER THE PURPOSES OF WORD OF LIFE FELLOWSHIP INC. 0 0 0 4886654 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Word of Life Fellowship Inc Attn Roger W Sachleben 5184946000 PO Box Schroon Lake NY 12870 Brown Bobby B 20 20 X X 0 68978 7396 Davis Kyle 1 1 X 0 0 0 Leach Howard C 1 39 X X 0 52020 7254 Lough Don H 1 39.00 X 0 99560 12235 Nelson Benjamin J 1 39.00 X 0 78720 8448 Peterson Bruce 1 1 X X 0 0 0 Price William 1 1 X X 0 0 0 0 299278 35333 0 0 0 0 Word of Life Fellowship Inc PO Box 600 Schroon Lake NY 12870 Administrative 101000 1 0 0 0 28501320 0 3949367 92642 32450687 0 815080 0 0 815080 0 0 0 0 0 0 0 0 0 0 3622528 0 3625435 0 -2907 0 -2907 0 0 -2907 0 0 33262860 0 0 812173 4886654 4886654 0 0 0 29184 29184 70764 70764 Management expenses 56299 0 56299 0 5042901 4886654 85483 70764 1393834 12782203 5767347 8326355 0 28269739 206000 0 0 206000 X 0 28063739 0 0 0 0 0 28063739 0 28269739 28219959 -156220 0 0 0 0 X 0 1 X 1 0 X X X X 0 0 0 Word of Life Fellowship Inc 135648615 501c(3) 1 1 1 2873767 1 2873767 PART I, LINE 11: WORD OF LIFEFOUNDATION, INC. IS ORGANIZED AND OPERATED TO SUPPORT WORD OF LIFE FELLOWSHIP INC AND OTHER PUBLIC CHARITIES WHOSE WORK FURTHERS WORD OF LIFE FELLOWSHIP INC PURPOSES. PLEASE SEE SCHEDULE I FOR DETAILS ON DISTRIBUTIONS GIVEN TO OTHER PUBLIC CHARITIES WHO RECEIVED MORE THAN $5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6 0 3949367 0 4886654 0 28269738 0 1 1 0 X 4147374 0 0 0 0 0 4147374 0 29115486 29115486 33262860 5042901 0 0 0 0 0 5042901 0 0 0 5042901 SchD_P10_S00_L02 Schedule D, Part X, Line 2 The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of December 31, 2012, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The Foundation files information tax returns in the United States. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b CONTRIBUTION FROM RELATED PARTY IN THE AMOUNT OF $28,501,320. ALSO INCLUDES INTEREST INCOME ON NOTES RECEIVABLE FROM RELATED PARTIES AND REALIZED LOSS ON SALE OF INVESTMENTS. 1 Barnabas Ministries Inc 5885 East Circle Dr Cicero NY 13039 231445623 501c3 100000 Ministry Calvary Church 1051 Landis Valley Rd Lancaster PA 17601 231365215 501c3 1400000 Minstry Campus Crusade for Christ PO Box 628222 Orlando FL 328628222 956006173 501c3 9600 Ministry Exodus 3 Ministries 305 N Geddes St Syracuse NY 13204 271197922 501c3 6800 Ministry Local Church Evangelism Inc PO Box A Newport ME 04953 010485729 501c3 15200 Ministry North Slope Baptist Missions Bible Baptist Church 32 Adak Ave Fairbanks AK 99701 943048802 501c3 13600 Ministry Redemption Church 2101 Iowa St Chesapeake VA 23323 271751999 501c3 15000 Ministry SCORE International Inc PO Box 9994 Chattanooga TN 37412 581605736 501c3 43600 Ministry South Hills Bible Chapel 300 Gallery Dr McMurray PA 15317 251495523 501c3 200000 Ministry Water Street Ministries PO Box 7267 Lancaster PA 17604 236004676 501c3 50000 Ministry Word of Life Fellowship Inc PO Box 600 Schroon Lake NY 12870 135648615 501c3 2834767 Ministry 11 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 GRANT RECOMMENDATIONS ARE REVIEWED AGAINST DONOR ADVISED FUND PURPOSE STATEMENTS, GRANTEES MUST PROVIDE THEIR EIN AND ARE ADVISED BY LETTER INCLUDED WITH EACH DISTRIBUTION THAT DISTRIBUTIONS ARE FROM DONOR ADVISED FUNDS AND THEREFORE TAX RECEIPT SHOULD NOT BE PROVIDED. GRANTEES MUST AFFIRM THAT: (1) DISTRIBUTION WILL BE USED EXCLUSIVELY FOR THE FURTHANCE OF THE GRANTEE'S PROPER EXEMPT PURPOSE (2)NO PRIVATE BENEFIT, GOODS OR SERVICES WERE RECIEVED BY ANY INDIVIDUAL (3)THIS GIFT IS NOT IN SATISFACTION OF A PERSONAL FINANCIAL OBLIGATION (4)THIS GIFT WILL NOT BE USED FOR POLITICAL ACTIVITY (5)THIS GIFT WILL NOT BE USED FOR SCHOOL TUITION APART FROM AN ESTABLISHED SCHOLARSHIP PROGRAM. THE FOUNDATION DEPENDS ON THE GOVERNING BOARDS OF THE RECEIVING ORGANIZATIONS TO ASSURE THAT THE CONDITIONS FOR RECEIVING THE DISTRIBUTIONS ARE MET. CBC COMPANIES INC Company controller by board member Ministry purposes X 16000000 12783203 0 1 1 12783203 X 1 92642 NYSE quote 0 0 1 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 WORD OF LIFE FELLOWSHIP INC IS THE SOLE MEMBER OF THE FOUNDATION F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a WORD OF LIFE FELLOWSHIP INC HAS THE POWER TO ELECT AND REMOVE THE GOVERNING BOARD F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b WORD OF LIFE FELLOWSHIP INC WILL HAVE THE FOLLOWING POWERS WITH RESPECT TO THE FOUNDATION (1) TO ELECT AND REMOVE ALL DIRECTORS OF THE FOUNDATION (2) TO APPOINT THE PRESIDENT OF THE BOARD OF THE FOUNDATION (3) TO SELECT INDEPENDENT AUDITORS, LEGAL COUNSEL AND OTHER MAJOR CONSULTANTS FOR THE FOUNDATION AND (4) TO APPROVE THE FOUNDATIONS INVESTMENT POLICY, FUNDRAISING POLICY, GIFTS RECEIPTS POLICY AND MAJOR AGREEMENTS AND ANNUAL BUDGETS F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is provided to each board member before it is filed . It is reviewed at the next board meeting. In addition , the CFO and Audit Committee of Word of Life Fellowship, Inc review the Form before it is filed with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each director is required to annually review and file signed declarations of compliance with the policy or state possible exceptions which are reviewed and approved or disallowed by the board. The conflict of interest policy prohibits a person with a conflict of interest form participating in discussion on a related issue and they must be excused from the meeting when voting. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 WORD OF LIFE FOUNDATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST OUR TAX EXEMPTION DETERMINATION LETTER, FORM 990, AUDITED FINANCIAL STATEMENTS AND ARTICLES OF INCORPORTATION. Word of Life Fellowship Inc PO Box 600 Schroon Lake NY 12870 135648615 Religious outreach NY 501(c)(3) Line 9 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0