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Nonprofiteer
← LIFT FOR LIFE ACADEMY INC

Form 990 for tax year 2024

Filed by LIFT FOR LIFE ACADEMY INC.

Totals

Total revenue
$20,749,226
Total expenses
$19,030,131
Contributions and grants received
$19,804,705
Grants paid
$0
Program service revenue
$345,109
Investment income
$122,497
Other revenue
$476,915
Total assets, end of year
$24,737,748
Total liabilities, end of year
$6,318,840
Net assets or fund balances, end of year
$18,418,908
Program services expenses (Part IX)
$16,272,067
Management and general expenses
$2,270,114
Fundraising expenses
$487,950
Program service expenses (Part III)
$16,272,067

Program services were 85.5% 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.

  • 1e · Government grants (contributions)

    $17,743,985

  • 1f · All other contributions, gifts and grants

    $2,060,720

  • 2a · Program service revenue: PROGRAM FEES AND SERVICES

    total $345,109 · related or exempt $345,109

  • 3 · Investment income

    total $105,778 · excluded $105,778

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $27,000

  • 7b · Less cost or other basis and sales expenses

    other assets $10,281

  • 7c · Gain or loss

    other assets $16,719

  • 7d · Net gain or loss

    total $16,719 · related or exempt $16,719

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER

    total $137,776 · related or exempt $137,776

  • 11b · Other revenue: SPECIAL EVENTS

    total $339,139 · related or exempt $339,139

  • 11e · Other revenue, total

    $476,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $349,509 · program services $301,277 · management and general $39,495 · fundraising $8,737

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $9,470,023 · program services $7,953,389 · management and general $1,259,260 · fundraising $257,374

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $3,224,499 · program services $2,797,752 · management and general $356,855 · fundraising $69,892

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $39,743 · management and general $30,901 · fundraising $8,842

  • 13 · Office expenses

    total $66,819 · management and general $57,879 · fundraising $8,940

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $35,828 · program services $35,828

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $326,413 · program services $326,413

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $663,280 · program services $663,280

  • 23 · Insurance

    total $215,217 · program services $906 · management and general $214,311

  • 24a · Other expenses: CONTRACT & PROFESSIONAL FEES

    total $1,965,092 · program services $1,544,712 · management and general $286,215 · fundraising $134,165

  • 24b · Other expenses: TRANSPORTATION

    total $723,825 · program services $723,825

  • 24c · Other expenses: BUILDING MAINTENANCE

    total $642,919 · program services $642,919

  • 24d · Other expenses: OTHER SUPPLIES

    total $606,765 · program services $606,765

  • 24e · All other expenses

    total $700,199 · program services $675,001 · management and general $25,198

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,806,597 · end of year $3,856,987

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $25,463,770

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

    $4,583,730

  • 10c · Land, buildings and equipment, net

    beginning of year $19,565,974 · end of year $20,880,040

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,601 · end of year $721

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,758 · end of year $1,119

  • 23 · Secured mortgages and notes payable

    beginning of year $6,651,263 · end of year $6,317,721

  • 27 · Net assets without donor restrictions

    beginning of year $16,702,151 · end of year $18,418,908

Mission and programs · 2024

Mission

Lift For Life Academy is a challenging learning community where all students are empowered to maximize their full potential as students and citizens.

  • The academy provides a campus of academic classrooms, social/cultural amenities, and athletic facilities. The academy has a creative faculty of teachers, guidance counselors, and administrators to approximately 860 students attending Pre-K through 12th grade.

    Expenses $16,272,067 · Revenue $838,743

As filed on the 2024 return.

Listed in Part VII

  • Katrice Noble

    Deputy Director

    Total calculated
    $177,688
    From this org
    $151,338
    From related orgs
    $0
    Other
    $26,350
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $151,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,025
    Nontaxable benefits
    $6,325
    Filer's total
    $177,688
  • Marshall Cohen

    Executive Director

    Total calculated
    $171,821
    From this org
    $146,843
    From related orgs
    $0
    Other
    $24,978
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $138,843
    Bonus
    $8,000
    Other
    not reported
    Deferred
    $18,653
    Nontaxable benefits
    $6,325
    Filer's total
    $171,821
  • David Lemay

    Operation Director

    Total calculated
    $148,406
    From this org
    $125,425
    From related orgs
    $0
    Other
    $22,981
    Hours/week
    55
  • Jeffrey Edwards

    CORE DATA DIRECTOR

    Total calculated
    $126,060
    From this org
    $103,088
    From related orgs
    $0
    Other
    $22,972
    Hours/week
    55
  • Sharon Grace

    Finance Director

    Total calculated
    $120,392
    From this org
    $101,369
    From related orgs
    $0
    Other
    $19,023
    Hours/week
    55
  • Scott Dolan

    President

    Total calculated
    $0
    Hours/week
    20 + 1 related
  • Tami Fernandez

    Vice President

    Total calculated
    $0
    Hours/week
    6 + 1 related
  • Mark Schweiss

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Kate Hatfield

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Ernie Banks

    Member

    Total calculated
    $0
    Hours/week
    1
  • Debbie Champion

    Member

    Total calculated
    $0
    Hours/week
    1
  • Dennis Cope

    Member

    Total calculated
    $0
    Hours/week
    1
  • Sheila Gurley

    Member

    Total calculated
    $0
    Hours/week
    1
  • Beau Herndon

    Member

    Total calculated
    $0
    Hours/week
    1
  • Brian Liberman

    Member

    Total calculated
    $0
    Hours/week
    1
  • Steve Stone

    Member

    Total calculated
    $0
    Hours/week
    1
  • Gina Wischmeyer

    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

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.

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
2024
Filed
6 April 2026
IRS schema version
2024v5.2
Source object
202600969349301265

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