Totals
- Total revenue
- $6,325,040
- Total expenses
- $4,911,331
- Contributions and grants received
- $6,540,759
- Grants paid
- $87,014
- Program service revenue
- $38,583
- Investment income
- $83,823
- Other revenue
- -$338,125
- Total assets, end of year
- $9,347,097
- Total liabilities, end of year
- $825,014
- Net assets or fund balances, end of year
- $8,522,083
- Program services expenses (Part IX)
- $3,750,702
- Management and general expenses
- $401,432
- Fundraising expenses
- $759,197
- Program service expenses (Part III)
- $3,750,702
Program services were 76.4% 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.
-
1c · Fundraising events
$1,118,469
-
1f · All other contributions, gifts and grants
$5,422,290
-
1g · Noncash contributions included above
$1,069,968
-
2a · Program service revenue: Rocky Mnt Conference
total $37,251 · related or exempt $37,251
-
2b · Program service revenue: Program Service Fees
total $1,332 · related or exempt $1,332
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $83,698 · excluded $83,698
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
other assets $125
-
7c · Gain or loss
securities $0 · other assets $125
-
7d · Net gain or loss
total $125 · excluded $125
-
8a · Fundraising events: gross income
$38,805
-
8a · Fundraising events: contributions included on line 1c
$1,118,469
-
8b · Fundraising events: direct expenses
$241,304
-
8c · Net income from fundraising events
total -$202,499 · excluded -$202,499
-
10a · Gross sales of inventory
$776,770
-
10b · Cost of goods sold
$912,396
-
10c · Net income from sales of inventory
total -$135,626 · related or exempt -$135,626
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $87,014 · program services $87,014
-
5 · Compensation of officers, directors and key employees
total $215,713 · program services $168,256 · management and general $17,257 · fundraising $30,200
-
6 · Compensation of disqualified persons
total $1,134 · management and general $1,134
-
7 · Other salaries and wages
total $2,371,934 · program services $1,884,075 · management and general $199,111 · fundraising $288,748
-
8 · Pension plan contributions
total $20,577 · program services $16,050 · management and general $1,646 · fundraising $2,881
-
9 · Other employee benefits
total $165,348 · program services $120,633 · management and general $44,196 · fundraising $519
-
10 · Payroll taxes
total $186,526 · program services $151,314 · management and general $11,515 · fundraising $23,697
-
11c · Fees: accounting
total $34,816 · program services $22,911 · management and general $1,353 · fundraising $10,552
-
11g · Fees: other
total $73,512 · program services $48,375 · management and general $2,857 · fundraising $22,280
-
12 · Advertising and promotion
total $402,861 · program services $195,663 · management and general $262 · fundraising $206,936
-
13 · Office expenses
total $481,011 · program services $316,486 · management and general $55,958 · fundraising $108,567
-
14 · Information technology
total $103,970 · program services $81,346 · management and general $10,034 · fundraising $12,590
-
16 · Occupancy
total $322,094 · program services $286,726 · management and general $17,684 · fundraising $17,684
-
17 · Travel
total $7,261 · program services $7,029 · management and general $217 · fundraising $15
-
19 · Conferences, conventions and meetings
total $28,379 · program services $17,884 · management and general $7,671 · fundraising $2,824
-
22 · Depreciation, depletion and amortization
total $91,367 · program services $68,525 · management and general $11,421 · fundraising $11,421
-
23 · Insurance
total $67,971 · program services $55,362 · management and general $7,207 · fundraising $5,402
-
24a · Other expenses: Food/hospitality
total $118,228 · program services $96,228 · management and general $7,119 · fundraising $14,881
-
24b · Other expenses: Curriculum/Education
total $113,609 · program services $113,609
-
24c · Other expenses: Training
total $18,006 · program services $13,216 · management and general $4,790
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $247,844 · program services $134,159 · fundraising $113,685
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,537,773 · end of year $1,028,291
-
2 · Savings and temporary cash investments
beginning of year $1,390,991 · end of year $1,432,258
-
4 · Accounts receivable
end of year $40
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $233,322 · end of year $296,916
-
9 · Prepaid expenses and deferred charges
beginning of year $75,781 · end of year $73,975
-
10a · Land, buildings and equipment: cost or other basis
$6,246,013
-
10b · Land, buildings and equipment: accumulated depreciation
$961,337
-
10c · Land, buildings and equipment, net
beginning of year $3,706,586 · end of year $5,284,676
-
11 · Investments: publicly traded securities
beginning of year $517,162 · end of year $959,051
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $417,317 · end of year $271,890
-
17 · Accounts payable and accrued expenses
beginning of year $361,520 · end of year $560,425
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $409,038 · end of year $264,589
-
27 · Net assets without donor restrictions
beginning of year $6,759,755 · end of year $8,355,871
-
28 · Net assets with donor restrictions
beginning of year $348,619 · end of year $166,212
Mission and programs · 2024
Mission
Life Network provides support and mentoring to women and men facing unexpected pregnancies; offers parenting support, material resources, and referrals; and promotes sexual risk avoidance through education to foster a culture that values life.
Activities or mission (Part I)
Life Network exists to cultivate a community that values life through the love of Christ.
-
Colorado Springs Pregnancy Centers: A foundational Life Network priority is to support women and men who are facing an unexpected pregnancy. We provide medical-grade pregnancy tests, educational information, ultrasounds, early pregnancy care, and STD testing and treatment under the direction of our Medical Director. Last year, we provided the following no-cost services: 1,841 pregnancy tests, 1,307 ultrasounds, and 620 STI tests. Our patients also received support through community referrals for housing, food emergency assistance, and other related services. Our Parenting Program provides opportunities for ongoing one-on-one mentorship, parenting and childbirth classes, and extensive material resources. Last year, we had 3,128 parenting appointments with mothers and fathers. Bridges of Hope, our post-abortive care program helps women and men process, grieve, and heal from past abortions.
Expenses $2,615,643 · Grants $87,014 · Revenue $37,844
-
Life Network Family Thrift Stores: Our two thrift stores provide quality, affordable goods to our surrounding community, and the proceeds from the stores benefit our life-giving ministry. Life Network clients earn and receive "store bucks" that can be used for furniture, clothes, furnishings, and more as they start their families.
Expenses $847,922 · Revenue -$135,626
-
Education for a Lifetime: This in-school program provides comprehensive education on healthy relationships, suicide awareness and prevention, and mental health awareness. Last year, we taught more than 7,000 students in 31 middle and high schools.
Expenses $287,137 · Revenue $739
As filed on the 2024 return.
Listed in Part VII
-
Chris Banta
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Derek Hanson
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Linda Gould
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Maura Nordberg
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Tom Sistare
Treasurer ( Part Year)
- Total calculated
- $0
- Hours/week
- 1
-
Bridget Lee
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Odell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dave York
Director
- Total calculated
- $0
- Hours/week
- 1
-
Debbi Rayburn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric Cartier
Director (Part Year)
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Haddad
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rich Bennett
President/CEO
- Total calculated
- $215,713
- From this org
- $209,280
- From related orgs
- $0
- Other
- $6,433
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,280
- Bonus
- $20,000
- Other
- $0
- Deferred
- $6,278
- Nontaxable benefits
- $155
- Filer's total
- $215,713
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 7 Non-fixed payments
- CEO Richard Bennett received a $20,000 discretionary bonus as determined by the finance committee, consisting of independent members of the board of directors.
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 July 2025
- IRS schema version
- 2024v5.1
- Source object
- 202512049349301376
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