Lifeline Child & Family Servicesinc
- Assets
- $1.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Corsicana, TX
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-5521484
Organization Overview
Lifeline Child & Family Servicesinc is located in Corsicana, TX. The organization was established in 2007. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Lifeline Child & Family Servicesinc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeline Child & Family Servicesinc 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, Lifeline Child & Family Servicesinc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. 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
FOSTER CARE AND ADOPTION. PLACE TROUBLED AND NEGLECTED YOUTH INTO FOSTER FAMILY HOMES AND COORDINATE ADOPTIONS OF TROUBLED AND NEGLECTED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CARE - PROVIDE BASIC, THERAPEUTIC, AND HABILITATIVE FOSTER CARE
ADOPTION - PLACE CHILDREN IN PERMANENT HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Walter Pres/exec Dir | OfficerTrustee | 40 | $104,719 |
Beverly Ott Treasurer | OfficerTrustee | 1 | $0 |
Etta Ferrell Secretary | OfficerTrustee | 1 | $0 |
Molly Sparks-Walker Director | Trustee | 1 | $0 |
Ann Perry Director | Trustee | 1 | $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 | $8,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,586 |
| Total Program Service Revenue | $1,620,974 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,201 |
| 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 | $1,764,061 |
| 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. | $104,719 |
| Compensation of current officers, directors, key employees. | $47,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,437 |
| Payroll taxes | $32,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $9,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,150 |
| Advertising and promotion | $0 |
| Office expenses | $2,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,955 |
| Travel | $15,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,097 |
| Insurance | $41,027 |
| All other expenses | $52,311 |
| Total functional expenses | $1,789,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,774 |
| 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 | $688 |
| Net Land, buildings, and equipment | $1,112,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,261 |
| Total assets | $1,582,472 |
| Accounts payable and accrued expenses | $159,270 |
| 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 | $668,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $827,911 |
| Net assets without donor restrictions | $754,561 |
| 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 | $1,582,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunbeam Family Services Inc Oklahoma City, OK | $29,685,111 | $20,512,660 |
Gulf Coast Teaching Family Services Incorporated Metairie, LA | $8,813,901 | $14,214,700 |
All Faiths Albuquerque, NM | $12,930,132 | $9,403,704 |
Family Service Center At Houston And Harris County Houston, TX | $4,044,292 | $5,375,449 |
Parent Child Center Of Tulsa Inc Tulsa, OK | $4,040,349 | $4,809,536 |
New Orleans Family Justice Alliance Inc New Orleans, LA | $1,660,298 | $4,581,133 |
Jones Center For Families Inc Springdale, AR | $19,146,253 | $5,651,307 |
American Indian Cultural Center Foundation Oklahoma City, OK | $17,807,997 | $4,962,101 |
Community Family Centers-Centros Familiares De La Comunidad Houston, TX | $5,360,893 | $3,588,597 |
Seasons Of Life Arlington, TX | $712,959 | $3,744,125 |
Centers For Children And Families Inc Midland, TX | $6,206,275 | $3,508,167 |
Schmieding Foundation Term Springdale, AR | $20,489,338 | $1,907,097 |