Totals
- Total revenue
- $2,396,855
- Total expenses
- $2,947,858
- Contributions and grants received
- $496,649
- Grants paid
- $0
- Program service revenue
- $1,887,158
- Investment income
- $13,048
- Other revenue
- $0
- Total assets, end of year
- $2,827,704
- Total liabilities, end of year
- $1,940,571
- Net assets or fund balances, end of year
- $887,133
- Program services expenses (Part IX)
- $2,142,250
- Management and general expenses
- $681,081
- Fundraising expenses
- $124,527
- Program service expenses (Part III)
- $2,142,250
Program services were 72.7% 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
$496,649
-
1g · Noncash contributions included above
$153,352
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $1,887,158 · related or exempt $1,887,158
-
3 · Investment income
total $13,048 · related or exempt $13,048
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,017,948 · program services $1,590,913 · management and general $336,784 · fundraising $90,251
-
9 · Other employee benefits
total $67,756 · program services $54,937 · management and general $11,354 · fundraising $1,465
-
10 · Payroll taxes
total $165,680 · program services $130,442 · management and general $27,646 · fundraising $7,592
-
11g · Fees: other
total $164,783 · program services $26,780 · management and general $130,990 · fundraising $7,013
-
12 · Advertising and promotion
total $36,815 · program services $34,919 · management and general $1,896
-
13 · Office expenses
total $79,169 · program services $48,093 · management and general $31,076
-
14 · Information technology
total $8,451 · management and general $8,451
-
16 · Occupancy
total $160,116 · program services $68,262 · management and general $91,854
-
17 · Travel
total $2,786 · management and general $2,786
-
19 · Conferences, conventions and meetings
total $39,257 · program services $21,942 · fundraising $17,315
-
20 · Interest
total $93,439 · program services $79,392 · management and general $14,047
-
22 · Depreciation, depletion and amortization
total $87,718 · program services $84,928 · management and general $2,790
-
23 · Insurance
total $18,594 · management and general $18,594
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $2,149 · management and general $1,258 · fundraising $891
-
24b · Other expenses: BANK CHARGES
total $1,555 · management and general $1,555
-
24c · Other expenses: OTHER EXPENSES
total $1,467 · program services $1,467
-
24d · Other expenses: CHARITABLE CONTRIBUTIONS
total $175 · program services $175
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,734 · end of year $167,801
-
2 · Savings and temporary cash investments
beginning of year $762,488
-
3 · Pledges and grants receivable
beginning of year $216,730 · end of year $23,750
-
10a · Land, buildings and equipment: cost or other basis
$2,781,953
-
10b · Land, buildings and equipment: accumulated depreciation
$146,197
-
10c · Land, buildings and equipment, net
beginning of year $2,024,209 · end of year $2,635,756
-
15 · Other assets
end of year $397
-
17 · Accounts payable and accrued expenses
beginning of year $27,039 · end of year $91,734
-
25 · Other liabilities
beginning of year $1,588,393 · end of year $1,848,837
-
27 · Net assets without donor restrictions
beginning of year $1,197,999 · end of year $710,883
-
28 · Net assets with donor restrictions
beginning of year $216,730 · end of year $176,250
Mission and programs · 2023
Mission
LIFELAB KIDS FOUNDATION HELPS STUDENTS OF ALL ABILITIES TO DISCOVER AND EXPLORE THEIR UNIQUE, TRUE POTENTIAL THROUGH A BLEND OF EVIDENCE-BASED INTERVENTIONS, THERAPEUTIC ACTIVITIES, AND INNOVATIVE TECHNOLOGIES.
-
DURING THE FISCAL YEAR THAT ENDED DECEMBER 31, 2023, THE ORGANIZATION COMPLETED THE UNLIMITED PLAY PARK AND STARTED THE KITCHEN RENOVATION PROJECT. OTHER HIGHLIGHTS OF 2023 WERE THAT LIFELAB KIDS EXPANDED THEIR STAFF BY 12%.
Expenses $2,142,250
As filed on the 2023 return.
Listed in Part VII
-
Neelima DepaNEELIMA DEPA
TRUSTEE
- Total calculated
- $0
-
Juthica ReddyJUTHICA REDDY
TRUSTEE
- Total calculated
- $0
-
Jai ReddyJAI REDDY
PRESIDENT
- Total calculated
- $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
- 2023
- Filed
- 30 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421589349300907
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