Functional Life Achievement Inc
- Assets
- $30.0m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 114
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 11-3270191
Organization Overview
Functional Life Achievement Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Functional Life Achievement Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Functional Life Achievement 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 12/2021, Functional Life Achievement Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SERVICES TO CHILDREN WHO HAVE DEVELOPMENTAL DELAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATON IS FOR CHILDREN UNDER AGES OF 3 WHO EXHIBIT: NEUROLOGICALLY IMPAIRED, LEARNING DISABLED, EMOTIONALLY DISTRUBED AND HANDICAPPING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Sheng Executive Director | OfficerTrustee | 40 | $349,000 |
Jilin Yin Treasurer | OfficerTrustee | 40 | $349,000 |
Mona Wong Service Coordinator | 40 | $141,358 | |
Jing Li Service Coordinator | 40 | $101,271 | |
Sheut L Hng Secretary | Officer | 40 | $83,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,067,632 |
| 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 | $2,067,632 |
| Total Program Service Revenue | $8,884,751 |
| Investment income | $18,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,362 |
| 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 | $11,056,116 |
| 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. | $781,717 |
| Compensation of current officers, directors, key employees. | $781,717 |
| Compensation to disqualified persons | $2,256,105 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,841 |
| Payroll taxes | $210,234 |
| Fees for services: Management | $55,094 |
| Fees for services: Legal | $86,021 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $247 |
| Office expenses | $99,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605,712 |
| Insurance | $19,672 |
| All other expenses | $28,755 |
| Total functional expenses | $9,722,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,490,400 |
| Savings and temporary cash investments | $6,609,730 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,839,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,231 |
| Total assets | $29,963,902 |
| Accounts payable and accrued expenses | $60,019 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,400 |
| Total liabilities | $96,419 |
| Net assets without donor restrictions | $29,867,483 |
| 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 | $29,963,902 |
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