Functional Life Achievement Inc
- Assets
- $28.9m
- Revenue
- $10.2m
- Investments
- $964.0k
- Employees
- 76
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2023
- 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 12/2023, Functional Life Achievement Inc employed 76 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 12/2023, Functional Life Achievement Inc generated $10.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Sheng Executive Director | OfficerTrustee | 40 | $372,786 |
Jilin Yin Treasurer | OfficerTrustee | 40 | $372,656 |
Sheut L Hng Secretary | Officer | 40 | $99,546 |
Mona Wong Service Coordinator | 40 | $140,703 | |
Stella Yin Speech Therapist | 40 | $144,939 | |
Arkadiy Borukhov Service Coordinator | 40 | $150,178 |
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 | $9,659,794 |
| Investment income | $193,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $371,453 |
| Net Gain/Loss on Asset Sales | -$4,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,220,119 |
| 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. | $751,562 |
| Compensation of current officers, directors, key employees. | $751,562 |
| Compensation to disqualified persons | $2,598,452 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $253,011 |
| Payroll taxes | $286,354 |
| Fees for services: Management | $16,788 |
| Fees for services: Legal | $288,116 |
| 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 | $1,476 |
| Office expenses | $72,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,820 |
| 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 | $628,330 |
| Insurance | $42,034 |
| All other expenses | $24,691 |
| Total functional expenses | $10,700,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,421,921 |
| Savings and temporary cash investments | $5,920,458 |
| 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 | $20,582,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $963,976 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,231 |
| Total assets | $28,913,467 |
| Accounts payable and accrued expenses | $8,203 |
| 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 | $44,603 |
| Net assets without donor restrictions | $28,868,864 |
| 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 | $28,913,467 |