Form 990 for tax year 2024
Filed by LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $602,767
- Total expenses
- $666,727
- Contributions and grants received
- $508,429
- Grants paid
- $0
- Program service revenue
- $94,338
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $826,105
- Total liabilities, end of year
- $89,245
- Net assets or fund balances, end of year
- $736,860
- Program services expenses (Part IX)
- $503,250
- Management and general expenses
- $163,477
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $503,250
Program services were 75.5% 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
$508,429
-
2a · Program service revenue: PROGRAM SERVICES REVENU
total $94,338 · related or exempt $94,338
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $220,263 · program services $220,263
-
8 · Pension plan contributions
total $4,930 · management and general $4,930
-
9 · Other employee benefits
total $178 · management and general $178
-
10 · Payroll taxes
total $4,524 · management and general $4,524
-
11c · Fees: accounting
total $550 · management and general $550
-
12 · Advertising and promotion
total $3,322 · management and general $3,322
-
13 · Office expenses
total $6,806 · program services $6,806
-
16 · Occupancy
total $22,180 · management and general $22,180
-
17 · Travel
total $3,869 · program services $3,869
-
20 · Interest
total $2,518 · management and general $2,518
-
22 · Depreciation, depletion and amortization
total $53,054 · management and general $53,054
-
23 · Insurance
total $5,405 · management and general $5,405
-
24a · Other expenses: PAYROLL FEES
total $1,600 · management and general $1,600
-
24b · Other expenses: REPAIRS
total $15,969 · management and general $15,969
-
24c · Other expenses: CHRISTMAS EXPENSE
total $38,852 · program services $38,852
-
24e · All other expenses
total $282,707 · program services $233,460 · management and general $49,247
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $380,533 · end of year $338,514
-
4 · Accounts receivable
beginning of year $192
-
9 · Prepaid expenses and deferred charges
beginning of year $5,117 · end of year $5,696
-
10a · Land, buildings and equipment: cost or other basis
$653,650
-
10b · Land, buildings and equipment: accumulated depreciation
$172,931
-
10c · Land, buildings and equipment, net
beginning of year $505,748 · end of year $480,719
-
15 · Other assets
beginning of year $4,275 · end of year $1,176
-
17 · Accounts payable and accrued expenses
beginning of year $15,633 · end of year $13,468
-
19 · Deferred revenue
end of year $600
-
23 · Secured mortgages and notes payable
beginning of year $79,412 · end of year $75,177
-
27 · Net assets without donor restrictions
beginning of year $800,820 · end of year $736,860
Mission and programs · 2024
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 $406,368 · Revenue $19,154
-
THE CAREPLACE WAS ABLE TO PROVIDE FREE MEDICAL CARE AND SUPPLIES FOR COMMUNITY MEMBERS WITHOUT ADEQUATE ACCESS TO HEALTH CARE IN 2020.
Expenses $96,882 · Revenue $75,175
-
FAITH IN ACTION BELIEVES IN THE POTENTIAL FOR TRANSFORMATION AND THE POWER OF PEOPLE OF FAITH TO LEAD THIS TRANSFORMATION.
Revenue $9
As filed on the 2024 return.
Listed in Part VII
-
Frank SmithFRANK SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $25,831
- From this org
- $25,831
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jarell MikellJARELL MIKELL
TREASURER
- Total calculated
- $0
- Hours/week
- 8
-
Chris PittsCHRIS PITTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 8
-
Tj KishTJ KISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 8
-
Dan HolmesDAN HOLMES
BOARD MEMBERSECRETARY
- Total calculated
- $0
- Hours/week
- 8
-
Andrew DoyleyANDREW DOYLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 8
-
David WilsonDAVID WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 8
-
Brandon SwaffordBRANDON SWAFFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 8
-
David DivineDAVID 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
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501289349302115
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