Form 990 for tax year 2023
Filed by LIFE PROJECT OF NORTH CAROLINA.
Totals
- Total revenue
- $248,399
- Total expenses
- $251,472
- Contributions and grants received
- $248,396
- Grants paid
- $21,083
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $3
- Total assets, end of year
- $16,738
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $16,738
- Program services expenses (Part IX)
- $143,265
- Management and general expenses
- $53,937
- Fundraising expenses
- $54,270
- Program service expenses (Part III)
- $143,265
Program services were 57.0% 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)
$27,563
-
1f · All other contributions, gifts and grants
$220,833
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $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
-
11a · Other revenue: Interest
total $3 · excluded $3
-
11e · Other revenue, total
$3
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $21,083 · program services $21,083
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $149,171 · program services $54,315 · management and general $47,653 · fundraising $47,203
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
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 $1,699 · fundraising $1,699
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $9,768 · program services $7,984 · management and general $921 · fundraising $863
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $47,500 · program services $42,666 · management and general $2,417 · fundraising $2,417
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,984 · program services $2,984
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Supplies
total $9,290 · program services $8,710 · management and general $580
-
24b · Other expenses: Meals
total $6,089 · program services $2,153 · management and general $1,968 · fundraising $1,968
-
24c · Other expenses: Repair and Maintenance
total $3,306 · program services $3,211 · management and general $95
-
24d · Other expenses: Telephone & internet
total $411 · program services $120 · management and general $171 · fundraising $120
-
24e · All other expenses
total $171 · program services $39 · management and general $132
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,809 · end of year $16,738
-
2 · Savings and temporary cash investments
end of year $0
-
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
-
10c · Land, buildings and equipment, net
end of year $0
-
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 · 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 -$3,933 · end of year -$7,005
Mission and programs · 2023
Mission
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.
-
Healthcare: Providing virtual telehealth services, onsite healthcare staff and services five days a week, and community health worker support.
Expenses $58,768
-
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.
Expenses $31,485
-
Food Security: Serving mobile meals to McKinney-Vento residents at Brookwood Inn Hotel and hosting food share events for surrounding communities.
Expenses $29,880
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
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
- 2023
- Filed
- 11 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432559349300603
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