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Nonprofiteer
← LIFT FOR LIFE FOUNDATION INC

Form 990 for tax year 2022

Filed by LIFT FOR LIFE FOUNDATION INC.

Totals

Total revenue
$2,353,785
Total expenses
$2,913,703
Contributions and grants received
$2,318,115
Grants paid
$2,886,776
Program service revenue
$0
Investment income
$23,238
Other revenue
$12,432
Total assets, end of year
$1,972,618
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,972,618
Program services expenses (Part IX)
$2,886,776
Management and general expenses
$23,487
Fundraising expenses
$3,440
Program service expenses (Part III)
$2,886,776

Program services were 99.1% 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

    $2,318,115

  • 3 · Investment income

    total $23,238 · related or exempt $23,238

  • 11a · Other revenue: REALIZED GAIN (LOSS) O

    total $12,432 · related or exempt $12,432

  • 11e · Other revenue, total

    $12,432

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,886,776 · program services $2,886,776

  • 24a · Other expenses: CONTRACT AND PROFESSION

    total $26,927 · management and general $23,487 · fundraising $3,440

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,402,928 · end of year $1,818,413

  • 12 · Investments: other securities

    beginning of year $131,104 · end of year $154,205

  • 27 · Net assets without donor restrictions

    beginning of year $539,517 · end of year $920,364

  • 28 · Net assets with donor restrictions

    beginning of year $1,994,515 · end of year $1,052,254

Mission and programs · 2022

Mission

TO SUPPORT, CARRY OUT THE PURPOSES OF, AND BENEFIT LIFT FOR LIFEACADEMY, INC., WHICH WILL INCLUDE THE PROMOTION OF CIVIC IMPROVEMENTAND PRESERVATION OF THE CULTRUAL EDUCATIONAL HERITAGE OF THE LIFT FORLIFE ACADEMY, INC., AS WELL AS THE ASSISTANCE AND GUIDANCE OF YOUTH INTHE LIFT FOR LIFE ACADEMY, INC.

  • TO SUPPORT, CARRY OUT THE PURPOSES OF, AND BENEFIT LIFT FOR LIFEAND PRESERVATION OF THE CULTURAL EDUCATIONAL HERITAGE OF THE LIFT FORLIFE ACADEMY, INC., THE ASSISTANCE AND GUIDANCE OF YOUTH IN THE LIFTFOR LIFE ACADEMY, INC.

    Expenses $2,886,776 · Grants $2,886,776

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tami Fernandez

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott R Dolan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • Todd Taylor

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erich Thurmann

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carol Staenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marylen Mann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marshall Cohen

    EXECUTIVE DIRECTOR/FOUNDER

    Total calculated
    $181,900
    From this org
    $0
    From related orgs
    $156,846
    Other
    $25,054
    Hours/week
    3 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,846 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,491 related
    Nontaxable benefits
    $0 + $6,563 related
    Filer's total
    $0 + $181,900 related

  • Katrice Noble

    BOARD MEMBER

    Total calculated
    $167,845
    From this org
    $0
    From related orgs
    $141,438
    Other
    $26,407
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $141,438 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,844 related
    Nontaxable benefits
    $0 + $6,563 related
    Filer's total
    $0 + $167,845 related

  • Susan Goldberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PARTI, LINE 3
THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY LIFT FOR LIFE ACADEMY, INC.'S (RELATED ORGANIZATION) BOARD OF DIRECTORS. OTHER KEY EMPLOYEE SALARIES ARE REVIEWED BY THE EXECUTIVE DIRECTOR.

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

  • LIFT FOR LIFE ACADEMY INC

    $2,886,776

    TO SUPPORT, CARRY OUT THE PURPOSES OF, AND BENEFIT LIFT FOR LIFEACADEMY, INC., WHICH WILL INCLUDE THE PROMOTION OF CIVIC IMPROVEMENTAND PRESERVATION OF THE CULTRUAL EDUCATIONAL HERITAGE OF THE LIFT FORLIFE ACADEMY, INC., AS WELL AS THE ASSISTANCE AND GUIDANCE OF YOUTH INTHE LIFT FOR LIFE ACADEMY, INC.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
6 February 2024
IRS schema version
2022v5.0
Source object
202430379349301003

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