Good Life Foundation Inc
- Assets
- $416.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Syracuse, NY
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1123420
Organization Overview
Good Life Foundation Inc is located in Syracuse, NY. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Good Life Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Life Foundation 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, Good Life Foundation Inc generated $1.3m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 76.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
ENCOURAGE SUCCESSFUL AND PRODUCTIVE CAREER AND LIFE STRATEGIES FOR "AT-RISK" YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE COUCHING, ENTREPRENEURIAL TRAINING AND FINANCIAL LITERACY TO JUVENILE OFFENDERS IN ATTEMPT TO REDUCE RECIDIVISM IN "AT-RISK" YOUTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hasan Stephens Executive Director | Officer | 40 | $62,885 |
Jonathan Cerrito Board Chair | OfficerTrustee | 2 | $0 |
Stephanie Pasquale Vice Chair | OfficerTrustee | 2 | $0 |
Jennifer Holland Secretary | OfficerTrustee | 2 | $0 |
Andres Lamirande Treasurer | OfficerTrustee | 2 | $0 |
Sunny Jimenez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,314 |
| Total Program Service Revenue | $979,836 |
| Investment income | $0 |
| 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 | $35,585 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,257,735 |
| 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. | $62,885 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,226 |
| Payroll taxes | $59,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,350 |
| Advertising and promotion | $0 |
| Office expenses | $8,332 |
| Information technology | $14,831 |
| Royalties | $0 |
| Occupancy | $34,734 |
| Travel | $11,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,788 |
| All other expenses | $0 |
| Total functional expenses | $1,108,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,906 |
| Savings and temporary cash investments | $0 |
| 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 | $108,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $416,066 |
| Accounts payable and accrued expenses | $107,471 |
| 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 | $126,694 |
| Other liabilities | $20,500 |
| Total liabilities | $254,665 |
| Net assets without donor restrictions | $156,174 |
| Net assets with donor restrictions | $5,227 |
| 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 | $416,066 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Good Life Foundation Inc has recieved totaling $90,750.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; PROGRAM SUPPORT: BLACK EQUITY SUPPORT | $55,750 |
The Dorothy And Marshall M Reisman Foundation Dewitt, NY PURPOSE: HIP HOP CENTER FOR YOUTH ENTREPREB. 2 OF 3 | $15,000 |
First Niagara Foundation Buffalo, NY PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Redlich Horwitz Foundation Millerton, NY PURPOSE: GENERAL UNRESTRICTED | $10,000 |
First Niagara Foundation Buffalo, NY PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
First Niagara Foundation Buffalo, NY PURPOSE: COMMUNITY DEVELOPMENT | -$10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |