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Nonprofiteer
← LIFE NETWORK

Form 990 for tax year 2025

Filed by LIFE NETWORK.

Totals

Total revenue
$7,003,398
Total expenses
$5,937,898
Contributions and grants received
$7,278,751
Grants paid
$70,390
Program service revenue
$64,169
Investment income
$77,884
Other revenue
-$417,406
Total assets, end of year
$10,108,213
Total liabilities, end of year
$520,630
Net assets or fund balances, end of year
$9,587,583
Program services expenses (Part IX)
$4,714,349
Management and general expenses
$402,252
Fundraising expenses
$821,297
Program service expenses (Part III)
$4,714,349

Program services were 79.4% 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.

  • 1c · Fundraising events

    $1,294,179

  • 1f · All other contributions, gifts and grants

    $5,984,572

  • 1g · Noncash contributions included above

    $1,848,310

  • 2a · Program service revenue: Rocky Mnt Conference

    total $64,169 · related or exempt $64,169

  • 3 · Investment income

    total $77,884 · excluded $77,884

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,294,179

  • 8b · Fundraising events: direct expenses

    $270,347

  • 8c · Net income from fundraising events

    total -$270,347 · excluded -$270,347

  • 10a · Gross sales of inventory

    $1,532,645

  • 10b · Cost of goods sold

    $1,689,159

  • 10c · Net income from sales of inventory

    total -$156,514 · related or exempt -$156,514

  • 11a · Other revenue: Miscellaneous Revenue

    total $9,455 · related or exempt $9,455

  • 11e · Other revenue, total

    $9,455

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $70,390 · program services $70,390

  • 5 · Compensation of officers, directors and key employees

    total $223,192 · program services $184,546 · management and general $15,462 · fundraising $23,184

  • 7 · Other salaries and wages

    total $3,166,409 · program services $2,618,143 · management and general $219,361 · fundraising $328,905

  • 9 · Other employee benefits

    total $259,089 · program services $214,228 · management and general $17,949 · fundraising $26,912

  • 10 · Payroll taxes

    total $251,721 · program services $208,135 · management and general $17,439 · fundraising $26,147

  • 11c · Fees: accounting

    total $213,088 · program services $187,204 · management and general $24,796 · fundraising $1,088

  • 12 · Advertising and promotion

    total $461,111 · program services $228,470 · management and general $633 · fundraising $232,008

  • 16 · Occupancy

    total $497,382 · program services $327,757 · management and general $50,837 · fundraising $118,788

  • 17 · Travel

    total $56,423 · program services $49,484 · management and general $6,278 · fundraising $661

  • 19 · Conferences, conventions and meetings

    total $119,117 · program services $103,578 · management and general $3,982 · fundraising $11,557

  • 22 · Depreciation, depletion and amortization

    total $186,937 · program services $144,037 · management and general $21,450 · fundraising $21,450

  • 24a · Other expenses: Facilities

    total $277,273 · program services $230,969 · management and general $23,152 · fundraising $23,152

  • 24b · Other expenses: Curriculum and Program

    total $114,840 · program services $114,840

  • 24c · Other expenses: Food and Hospitality

    total $40,926 · program services $32,568 · management and general $913 · fundraising $7,445

  • 26 · Joint costs (an allocation of the lines above)

    total $236,495 · program services $125,151 · management and general $0 · fundraising $111,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,028,291 · end of year $1,431,268

  • 2 · Savings and temporary cash investments

    beginning of year $1,432,258 · end of year $635,242

  • 4 · Accounts receivable

    beginning of year $40 · end of year $309

  • 8 · Inventories for sale or use

    beginning of year $296,916 · end of year $416,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,975 · end of year $81,752

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

    $7,123,334

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

    $1,148,031

  • 10c · Land, buildings and equipment, net

    beginning of year $5,284,676 · end of year $5,975,303

  • 11 · Investments: publicly traded securities

    beginning of year $959,051 · end of year $1,443,548

  • 15 · Other assets

    beginning of year $271,890 · end of year $124,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $560,425 · end of year $406,699

  • 25 · Other liabilities

    beginning of year $264,589 · end of year $113,931

  • 27 · Net assets without donor restrictions

    beginning of year $8,355,871 · end of year $9,557,283

  • 28 · Net assets with donor restrictions

    beginning of year $166,212 · end of year $30,300

Mission and programs · 2025

Mission

Life Network provides support and mentoring to women and men facing unexpected pregnancies; offers parenting support, material resources, and referrals; and promotes sexual risk avoidance through education to foster a culture that values life.

Activities or mission (Part I)

Life Network exists to cultivate a community that values life through the love of Christ.

  • See Schedule O

    Expenses $3,163,793 · Grants $70,390 · Revenue $73,624

  • Life Network Family Thrift Stores: our two thrift stores provide quality, affordable goods to our surrounding community, and the proceeds from the stores benefit our life-giving ministry. Life network clients earn and receive "store bucks" that can be used for furniture, clothes, furnishings, and more as they start their families.

    Expenses $1,187,443 · Revenue -$156,514

  • Education for a Lifetime: This in-school program provides comprehensive education on healthy relationships, suicide awareness and prevention, and mental health awareness. Last year, we taught more than 7,642 students in 35 middle and high schools.

    Expenses $363,113

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Hanson

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Linda Gould

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Maura Nordberg

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Chris Banta

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Bridget Lee

    Director

    Total calculated
    $0
    Hours/week
    1
  • Chris Odell

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dave York

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bryan Myers

    Director

    Total calculated
    $0
    Hours/week
    1
  • Debbi Rayburn

    Director

    Total calculated
    $0
    Hours/week
    1
  • Ellie Haddad

    Director

    Total calculated
    $0
    Hours/week
    1
  • Rich Bennett

    President

    Total calculated
    $223,192
    From this org
    $216,560
    From related orgs
    $0
    Other
    $6,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,560
    Bonus
    $20,000
    Other
    $0
    Deferred
    $6,632
    Nontaxable benefits
    $0
    Filer's total
    $223,192

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 7
CEO Richard Bennett received a $20,000 discretionary bonus as determined by the finance committee, consisting of independent members of the board of directors.

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
2025
Filed
10 August 2026
IRS schema version
2025v4.2
Source object
202642229349301214

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