Lifequest Inc
- Assets
- $17.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Quakertown, PA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 06-1097850
Organization Overview
Lifequest Inc is located in Quakertown, PA. The organization was established in 1994. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Lifequest Inc employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Lifequest Inc 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 06/2022, Lifequest Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
PROVIDE FISCAL AND MANAGEMENT SUPPORT TO THE ORGANIZATIONS RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FISCAL AND MANAGEMENT SUPPORT TO THE ORGANIZATIONS RELATED ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Isaac Director | Trustee | 1 | $0 |
Barbara Lampe Director | OfficerTrustee | 1 | $0 |
David Synder Co-Chairman | Trustee | 1 | $0 |
Philip Steeley Sec/treasurer | OfficerTrustee | 1 | $0 |
Peggy Thomas Director | Trustee | 1 | $0 |
Stanley Hunter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graham Company Provider Of Insurance | 6/29/22 | $94,401 |
Plexus Group Management Service | 6/29/22 | $1,119,201 |
Saul Ewing Legal Services | 6/29/22 | $194,383 |
Grant Thorton Llp Provider Of Audit Service | 6/29/22 | $146,184 |
First Insurance Funding Provider Of Insurance Ben | 6/29/22 | $407,184 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,767,876 |
| Investment income | $31,852 |
| 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 | $1,799,728 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $925,703 |
| Compensation of current officers, directors, key employees. | $420,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,640 |
| Payroll taxes | $35,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,781 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,035 |
| Information technology | $71,979 |
| Royalties | $0 |
| Occupancy | $24,463 |
| Travel | $2,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,293 |
| Insurance | $1,599 |
| All other expenses | $2,523 |
| Total functional expenses | $1,769,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,143 |
| Savings and temporary cash investments | $2,060,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $111,477 |
| Net Land, buildings, and equipment | $4,901,014 |
| Investments—publicly traded securities | $1,565,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $302,903 |
| Other assets | $8,790,484 |
| Total assets | $17,781,042 |
| Accounts payable and accrued expenses | $730,112 |
| 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 | $41,577,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$24,312,898 |
| Total liabilities | $17,994,214 |
| Net assets without donor restrictions | -$213,172 |
| Net assets with donor restrictions | $0 |
| 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 | $17,781,042 |