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Nonprofiteer
← LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$605,351
Total expenses
$531,759
Contributions and grants received
$582,412
Grants paid
$0
Program service revenue
$22,939
Investment income
$0
Other revenue
$0
Total assets, end of year
$895,865
Total liabilities, end of year
$95,045
Net assets or fund balances, end of year
$800,820
Program services expenses (Part IX)
$414,234
Management and general expenses
$117,525
Fundraising expenses
$0
Program service expenses (Part III)
$414,234

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $582,412

  • 2a · Program service revenue: PROGRAM SERVICES REVENU

    total $22,939 · related or exempt $22,939

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $177,247 · program services $177,247

  • 8 · Pension plan contributions

    total $3,709 · management and general $3,709

  • 9 · Other employee benefits

    total $2,115 · management and general $2,115

  • 10 · Payroll taxes

    total $4,236 · management and general $4,236

  • 11c · Fees: accounting

    total $550 · management and general $550

  • 12 · Advertising and promotion

    total $2,187 · management and general $2,187

  • 13 · Office expenses

    total $11,016 · program services $10,466 · management and general $550

  • 16 · Occupancy

    total $20,425 · management and general $20,425

  • 17 · Travel

    total $7,356 · program services $7,356

  • 20 · Interest

    total $2,885 · management and general $2,885

  • 22 · Depreciation, depletion and amortization

    total $37,112 · management and general $37,112

  • 23 · Insurance

    total $7,290 · management and general $7,290

  • 24a · Other expenses: PAYROLL FEES

    total $1,920 · management and general $1,920

  • 24b · Other expenses: REPAIRS

    total $6,710 · management and general $6,710

  • 24c · Other expenses: CHRISTMAS EXPENSE

    total $50,113 · program services $50,113

  • 24e · All other expenses

    total $196,888 · program services $169,052 · management and general $27,836

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $425,729 · end of year $380,533

  • 4 · Accounts receivable

    beginning of year $1,319 · end of year $192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,717 · end of year $5,117

  • 10a · Land, buildings and equipment: cost or other basis

    $619,717

  • 10b · Land, buildings and equipment: accumulated depreciation

    $113,969

  • 10c · Land, buildings and equipment, net

    beginning of year $404,513 · end of year $505,748

  • 15 · Other assets

    beginning of year $4,275 · end of year $4,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,819 · end of year $15,633

  • 23 · Secured mortgages and notes payable

    beginning of year $83,506 · end of year $79,412

  • 27 · Net assets without donor restrictions

    beginning of year $727,228 · end of year $800,820

Mission and programs · 2023

Mission

OUR MISSION IS TO PREPARE AND EQUIP INDIVIDUALS FOR ECONOMIC AND LIFE CHALLENGING SITUATIONS AS IT RELATES TO THEIR PERSONAL GROWTH AND DEVELOPMENT.

  • THE PANTRY WAS ABLE TO PROVIDE FREE GROCERIES TO LOCAL FAMILIES THROUGHOUT 2022. THE FREE GROCERIES ENABLED THESE FAMILIES TO SUPPLEMENT THEIR FOOD STAMP PURCHASES WITH NUTRITIOUS GROCERIES.

    Expenses $314,901 · Revenue $4,934

  • THE CAREPLACE WAS ABLE TO PROVIDE FREE MEDICAL CARE AND SUPPLIES FOR COMMUNITY MEMBERS WITHOUT ADEQUATE ACCESS TO HEALTH CARE IN 2020.

    Expenses $98,984 · Revenue $17,266

  • FAITH IN ACTION BELIEVES IN THE POTENTIAL FOR TRANSFORMATION AND THE POWER OF PEOPLE OF FAITH TO LEAD THIS TRANSFORMATION.

    Expenses $349 · Revenue $739

As filed on the 2023 return.

Listed in Part VII

  • Tj Kish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Russell Green

    BOARD MEMBERTREASURER

    Total calculated
    $0
    Hours/week
    8

  • Andrew Doyley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Dan Holmes

    BOARD MEMBERSECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Mfon Inyang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Jarell Mikell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Chris Pitts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Frank Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • David Divine

    PRESIDENT

    Total calculated
    $0
    Hours/week
    24

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2024
IRS schema version
2023v5.1
Source object
202403109349300625

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