Life In Abundance International
- Assets
- $2.4m
- Revenue
- $3.1m
- Investments
- $221.1k
- Employees
- 8
- Location
- Louisville, KY
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 02-0587875
Organization Overview
Life In Abundance International is located in Louisville, KY. The organization was established in 2002. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Life In Abundance International employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life In Abundance International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Life In Abundance International generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE THE LOCAL CHURCH TO RESTORE HEALTH, RENEW HOPE AND INSPIRE LASTING TRANSFORMATION FOR THE WORLD'S MOST VULNERABLE CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Sammy Mwangi Chair | OfficerTrustee | 2 | $0 |
Dr Mbithe Anzaya Vice Chair | OfficerTrustee | 2 | $0 |
Dr George Kimeu Treasurer | OfficerTrustee | 2 | $0 |
Ms Cathy Baldizon Director | Trustee | 2 | $0 |
Mr Michael Stewart Director | Trustee | 2 | $0 |
Mr Jonathan Fisher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,091,320 |
| Noncash contributions included in lines 1a–1f | $37,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,091,320 |
| Total Program Service Revenue | $0 |
| Investment income | $2,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,093,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,850,942 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,325 |
| Compensation of current officers, directors, key employees. | $14,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,744 |
| Payroll taxes | $21,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,640 |
| Advertising and promotion | $10,159 |
| Office expenses | $67,671 |
| Information technology | $23,562 |
| Royalties | $0 |
| Occupancy | $15,884 |
| Travel | $88,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,500 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,100,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,458 |
| Savings and temporary cash investments | $3,183 |
| Pledges and grants receivable | $1,083,093 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $799,967 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $61,172 |
| Investments—other securities | $221,136 |
| Investments—program-related | $0 |
| Intangible assets | $5,562 |
| Other assets | $15,382 |
| Total assets | $2,356,953 |
| Accounts payable and accrued expenses | $38,668 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,015,191 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,562 |
| Total liabilities | $1,059,421 |
| Net assets without donor restrictions | -$227,613 |
| Net assets with donor restrictions | $1,525,145 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,356,953 |