Totals
- Total revenue
- $14,169,950
- Total expenses
- $10,159,935
- Contributions and grants received
- $13,298,988
- Grants paid
- $404,280
- Program service revenue
- $299,040
- Investment income
- $571,922
- Other revenue
- $0
- Total assets, end of year
- $26,948,573
- Total liabilities, end of year
- $2,214,077
- Net assets or fund balances, end of year
- $24,734,496
- Program services expenses (Part IX)
- $7,999,711
- Management and general expenses
- $1,602,306
- Fundraising expenses
- $557,918
- Program service expenses (Part III)
- $7,999,711
Program services were 78.7% 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.
-
1a · Federated campaigns
$12,000
-
1f · All other contributions, gifts and grants
$13,286,988
-
1g · Noncash contributions included above
$117,246
-
2a · Program service revenue: FEE FOR SERVICE
total $299,040 · related or exempt $299,040
-
3 · Investment income
total $571,983 · excluded $571,983
-
7a · Gross sales of assets other than inventory
securities $1,859,183
-
7b · Less cost or other basis and sales expenses
securities $1,859,244
-
7c · Gain or loss
securities -$61
-
7d · Net gain or loss
total -$61 · excluded -$61
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $404,280 · program services $404,280
-
5 · Compensation of officers, directors and key employees
total $1,094,266 · program services $651,048 · management and general $339,039 · fundraising $104,179
-
7 · Other salaries and wages
total $5,122,595 · program services $4,110,407 · management and general $799,501 · fundraising $212,687
-
8 · Pension plan contributions
total $155,730 · program services $128,252 · management and general $21,875 · fundraising $5,603
-
9 · Other employee benefits
total $516,049 · program services $416,825 · management and general $77,480 · fundraising $21,744
-
10 · Payroll taxes
total $453,098 · program services $349,035 · management and general $81,422 · fundraising $22,641
-
11b · Fees: legal
total $3,771 · program services $2,245 · management and general $507 · fundraising $1,019
-
11c · Fees: accounting
total $30,294 · management and general $30,294
-
11e · Fees: professional fundraising services
total $92,820 · fundraising $92,820
-
11f · Fees: investment management
total $7,827 · management and general $7,827
-
11g · Fees: other
total $365,040 · program services $324,777 · management and general $24,150 · fundraising $16,113
-
12 · Advertising and promotion
total $210,210 · program services $159,553 · management and general $39,636 · fundraising $11,021
-
13 · Office expenses
total $60,627 · program services $52,572 · management and general $5,933 · fundraising $2,122
-
14 · Information technology
total $347,049 · program services $282,279 · management and general $43,759 · fundraising $21,011
-
16 · Occupancy
total $505,735 · program services $468,745 · management and general $28,943 · fundraising $8,047
-
17 · Travel
total $188,342 · program services $156,514 · management and general $24,904 · fundraising $6,924
-
19 · Conferences, conventions and meetings
total $247,682 · program services $202,112 · management and general $29,350 · fundraising $16,220
-
22 · Depreciation, depletion and amortization
total $64,557 · program services $49,001 · management and general $12,171 · fundraising $3,385
-
23 · Insurance
total $33,386 · program services $25,341 · management and general $6,295 · fundraising $1,750
-
24a · Other expenses: IN-KIND GOODS
total $112,002 · program services $112,002
-
24b · Other expenses: EDUCATION/TRAINING/PROF
total $44,403 · program services $36,047 · management and general $6,512 · fundraising $1,844
-
24c · Other expenses: PAYROLL SERVICES
total $19,448 · program services $13,120 · management and general $4,512 · fundraising $1,816
-
24d · Other expenses: LICENSING AND FEES
total $57,711 · program services $38,933 · management and general $13,390 · fundraising $5,388
-
24e · All other expenses
total $23,013 · program services $16,623 · management and general $4,806 · fundraising $1,584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,382,113 · end of year $2,309,249
-
2 · Savings and temporary cash investments
beginning of year $10,423,773 · end of year $17,348,962
-
3 · Pledges and grants receivable
beginning of year $4,968,229 · end of year $2,784,142
-
4 · Accounts receivable
beginning of year $11,910 · end of year $86,211
-
9 · Prepaid expenses and deferred charges
beginning of year $193,835 · end of year $205,816
-
10a · Land, buildings and equipment: cost or other basis
$667,518
-
10b · Land, buildings and equipment: accumulated depreciation
$479,663
-
10c · Land, buildings and equipment, net
beginning of year $252,412 · end of year $187,855
-
11 · Investments: publicly traded securities
beginning of year $2,437,423 · end of year $2,774,521
-
15 · Other assets
beginning of year $1,622,585 · end of year $1,251,817
-
17 · Accounts payable and accrued expenses
beginning of year $639,929 · end of year $592,624
-
25 · Other liabilities
beginning of year $1,990,202 · end of year $1,621,453
-
27 · Net assets without donor restrictions
beginning of year $14,419,313 · end of year $20,495,003
-
28 · Net assets with donor restrictions
beginning of year $6,242,836 · end of year $4,239,493
Mission and programs · 2024
Mission
LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. WE BUILD FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE.
Activities or mission (Part I)
LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS.
-
FOUNDED IN 1998, LIFT, INC IS A NATIONAL NONPROFIT ON A MISSION TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. DECADES OF INEQUITY AND UNDERINVESTMENT IN COMMUNITIES HAVE KEPT LOW-INCOME FAMILIES TRAPPED IN A CYCLE THAT, LIKE WEALTH, IS PASSED DOWN FROM GENERATION TO GENERATION. ALL FAMILIES DESERVE A BETTER FUTURE - NO MATTER THEIR RACE, ETHNICITY, OR ZIP CODE. LIFT BUILDS FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE - AN INVESTMENT OF HOPE, MONEY, AND LOVE. ROOTED IN A RELATIONSHIP FILLED WITH DIGNITY AND TRUST, LIFT'S ONE-ON-ONE COACHING PROGRAM EMPOWERS PARENTS TO SET AND ACHIEVE GOALS - SUCH AS GOING BACK TO SCHOOL, IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE THAT PUT THEIR FAMILIES ON THE PATH TO (CONTINUED ON SCHEDULE O)ECONOMIC MOBILITY. AS PART OF ITS INVESTMENT IN FAMILIES, IN 2018, LIFT LAUNCHED THE FAMILY GOAL FUND WHICH PROVIDES DIRECT, UNRESTRICTED CASH TO FAMILIES. LIFT REDUCES STRESS AND INCREASES FINANCIAL SLACK BY GIVING CASH DIRECTLY TO PARENTS SO THAT THEY DON'T HAVE TO CHOOSE BETWEEN THEIR EMERGENCY NEEDS AND LONG-TERM GOALS. AS PARENTS PERSIST THROUGH LIFT'S TWO-YEAR PROGRAM, THEY RECEIVE A TOTAL OF $1,200, DISTRIBUTED IN THREE-MONTH INTERVALS TO STAY ON TRACK TO REACH THEIR GOALS. LIFT BELIEVES THAT PARENTS KNOW THEIR FAMILIES' NEEDS BETTER THAN ANY PROGRAM COULD, AND THEIR EVIDENCE SHOWS THAT PARENTS USE THESE FUNDS TO REINVEST IN THEMSELVES, THEIR FAMILIES, AND THEIR GOALS. LIFT'S DIRECT SERVICE COACHING MODEL OPERATING IN CHICAGO, LOS ANGELES, NEW YORK, AND WASHINGTON D.C. CHANGES LIVES. AND, NOW THROUGH NEW, SUCCESSFUL CAPACITY-BUILDING PARTNERSHIPS AND ADVOCACY EFFORTS, WE ARE POISED TO SHIFT HOW SOCIAL SERVICE AND OTHER SYSTEMS FUNCTION FOR THE MILLIONS OF FAMILIES LIVING IN POVERTY NATIONWIDE. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE FOUNDATION FROM WHERE WE GENERATE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATIONS LIKE GIVING CASH. LIFT USES IMPACT DATA ALONGSIDE PARENT VOICE AND EXPERIENCE TO MITIGATE, AND ULTIMATELY CHANGE, THE ACTIONS OF SYSTEMS AND POLICIES THAT DRAIN HOPE, HARM COMMUNITIES, AND LIMIT ACCESS AND SUCCESS. AT FEDERAL, STATE, AND CITY LEVELS, OUR GOALS INCLUDE CHANGING PRACTICE, SYSTEMS, AND POLICIES THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES. LIFT'S STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT EFFECTIVELY SHIFT PUBLIC SECTOR PRACTICE TO BETTER SUPPORT PARENT'S ECONOMIC MOBILITY, AND 2) ADVOCACY WORK TO SHIFT NARRATIVES, EDUCATE POLICYMAKERS, AND PROMOTE POLICIES THAT REDUCE POVERTY.LIFT HAS SERVICE SITES IN CHICAGO, LOS ANGELES, NEW YORK CITY, AND WASHINGTON D.C., AND PARTNERS WITH HEALTH SYSTEMS, COLLEGES, EARLY CHILDHOOD PROVIDERS, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. LEARN MORE AT WHYWELIFT.ORG
Expenses $7,999,711 · Grants $404,280 · Revenue $299,040
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michelle Rhone-CollinsMICHELLE RHONE-COLLINS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $333,712
- From this org
- $297,168
- From related orgs
- $0
- Other
- $36,544
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $297,168
- Bonus
- $0
- Other
- $0
- Deferred
- $15,000
- Nontaxable benefits
- $21,544
- Filer's total
- $333,712
-
Will DarmanWILL DARMAN
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Arlene FordARLENE FORD
CO-CHAIR, SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Amy LenanderAMY LENANDER
DIRECTOR, TREASURER, A&F CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Emilio Diez BarrosoEMILIO DIEZ BARROSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gina CoburnGINA COBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellen McCance PinschmidtELLEN MCCANCE PINSCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Southworth JohnsonCARRIE SOUTHWORTH JOHNSON
DIRECTOR, INV. COMM. INTERIM CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Amir HemmatAMIR HEMMAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon BudingtonJON BUDINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sabrina ClarkSABRINA CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan HirschSUSAN HIRSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent KesselBRENT KESSEL
DIRECTOR (UNTIL 3/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Deanna SinghDEANNA SINGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Lomibao-ParraSTEPHANIE LOMIBAO-PARRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel ScheckGABRIEL SCHECK
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $254,443
- From this org
- $219,005
- From related orgs
- $0
- Other
- $35,438
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,755
- Bonus
- $2,250
- Other
- $0
- Deferred
- $11,363
- Nontaxable benefits
- $24,075
- Filer's total
- $254,443
-
Rebecca RossREBECCA ROSS
CHIEF OPER. AND FIN. OFFICER
- Total calculated
- $254,377
- From this org
- $215,975
- From related orgs
- $0
- Other
- $38,402
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,725
- Bonus
- $2,250
- Other
- $0
- Deferred
- $11,363
- Nontaxable benefits
- $27,039
- Filer's total
- $254,377
-
Helah RobinsonHELAH ROBINSON
CHIEF PROG. AND STRATEGY OFFICER
- Total calculated
- $222,293
- From this org
- $191,221
- From related orgs
- $0
- Other
- $31,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,221
- Bonus
- $2,000
- Other
- $0
- Deferred
- $10,100
- Nontaxable benefits
- $20,972
- Filer's total
- $222,293
-
Allison OlsonALLISON OLSON
EXEC. DIR. - LA (UNTIL 3/2025)
- Total calculated
- $211,426
- From this org
- $191,192
- From related orgs
- $0
- Other
- $20,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,292
- Bonus
- $1,900
- Other
- $0
- Deferred
- $9,595
- Nontaxable benefits
- $10,639
- Filer's total
- $211,426
-
Neils Ribeiro-YemofioNEILS RIBEIRO-YEMOFIO
EXECUTIVE DIRECTOR - DC
- Total calculated
- $180,699
- From this org
- $159,702
- From related orgs
- $0
- Other
- $20,997
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,091
- Bonus
- $1,611
- Other
- $0
- Deferred
- $6,456
- Nontaxable benefits
- $14,541
- Filer's total
- $180,699
-
Sarah SpuntSARAH SPUNT
EXECUTIVE DIRECTOR - CHI
- Total calculated
- $176,412
- From this org
- $151,008
- From related orgs
- $0
- Other
- $25,404
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,448
- Bonus
- $1,560
- Other
- $0
- Deferred
- $7,878
- Nontaxable benefits
- $17,526
- Filer's total
- $176,412
-
Xiomara RomainXIOMARA ROMAIN
EXEC. DIR - NY (UNTIL 6/2024)
- Total calculated
- $168,384
- From this org
- $159,080
- From related orgs
- $0
- Other
- $9,304
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $99,197
- Bonus
- $0
- Other
- $59,883
- Deferred
- $2,977
- Nontaxable benefits
- $6,327
- Filer's total
- $168,384
-
Araceli Lopez-AndradeARACELI LOPEZ-ANDRADE
DEPUTY DIR, LA & NATL REI ADVISOR
- Total calculated
- $143,135
- From this org
- $134,544
- From related orgs
- $0
- Other
- $8,591
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4A
- XIOMARA ROMAIN RECEIVED A SEVERANCE PAYMENT OF $59,883 DURING THE YEAR.
- PART I, LINE 7
- THE FOLLOWING EMPLOYEES RECEIVED COST OF LIVING-BASED BONUS COMPENSATION DURING THE YEAR: - GABRIEL SCHECK $2,250 - REBECCA ROSS $2,250 - HELAH ROBINSON $2,000 - ALLISON OLSON $1,900 - NEILS RIBEIRO-YEMOFIO $1,611 - SARAH SPUNT $1,560
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631039349301683
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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