Form 990 for tax year 2025
Filed by LIFE PROJECT OF NORTH CAROLINA.
Totals
- Total revenue
- $299,588
- Total expenses
- $310,258
- Contributions and grants received
- $299,585
- Grants paid
- $39,350
- Program service revenue
- $3
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $553
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $553
- Program services expenses (Part IX)
- $269,677
- Management and general expenses
- $36,501
- Fundraising expenses
- $3,130
- Program service expenses (Part III)
- not reported
Program services were 86.9% 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.
-
1d · Related organizations
$259,388
-
1e · Government grants (contributions)
$39,997
-
1f · All other contributions, gifts and grants
$200
-
2a · Program service revenue: Interest Received
total $3
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $39,350 · program services $39,350
-
9 · Other employee benefits
total $135,789 · program services $135,789
-
10 · Payroll taxes
total $2,409 · management and general $2,409
-
11c · Fees: accounting
total $23,418 · management and general $23,418
-
12 · Advertising and promotion
management and general -$950
-
13 · Office expenses
total $4,956 · management and general $4,956
-
16 · Occupancy
total $75,160 · program services $75,160
-
17 · Travel
total $1,522 · program services $408 · management and general $1,114
-
20 · Interest
total $7 · management and general $7
-
22 · Depreciation, depletion and amortization
total $0
-
24a · Other expenses: Meals
total $6,085 · program services $6,085
-
24b · Other expenses: Repair
total $452 · management and general $452
-
24c · Other expenses: Supplies
total $11,992 · program services $5,555 · management and general $3,307 · fundraising $3,130
-
24d · Other expenses: Taxes and Licenses
total $203 · management and general $203
-
24e · All other expenses
total $8,915 · program services $7,330 · management and general $1,585 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,189 · end of year $466
-
2 · Savings and temporary cash investments
beginning of year $87 · end of year $87
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $23,743 · end of year $23,743
-
31 · Retained earnings, endowment or other funds
beginning of year -$13,468 · end of year -$23,190
Mission and programs · 2025
Mission
The mission of LIFE PROJECT OF NORTH CAROLINA is to help meet the communitysincreasing demand for basic needs through collaboration and innovative partnershipsthat provide access to essential resources, empower individuals and families, andfoster long-term sustainability and well-being. By working together with localorganizations, businesses, and community members, we strive to create a supportivenetwork that addresses the root causes of poverty and promotes health, stability,and opportunity for all.
Activities or mission (Part I)
The mission of LIFE PROJECT OF NORTH CAROLINA is to help meet the communitys increasing demand for basic needs through collaboration and innovative partnerships that provide access to essential resources, empower individuals and families, and foster long-term sustainability and well-being. By working together with local organizations, businesses, and community members, we strive to create a supportive network that addresses the root causes of poverty and promotes health, stability, and opportunity for all.
-
Educational Support/Mentoring: Facilitating daily learning labs for K-12 virtual learning, reading readiness for K-3, tutoring for all grades, and college prep guidance for 11th-12th graders, including financial aid workshops.
As filed on the 2025 return.
Listed in Part VII
-
Stephen Libby
President
- Total calculated
- $0
- Hours/week
- 0
-
Veronica Washington
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Jenna Knox
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Howard Beatty
Foundation Mgr.
- Total calculated
- $0
- Hours/week
- 0
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
- 2025
- Filed
- 8 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621949349300892
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