Lifepath Foundation
- Assets
- $2.5m
- Revenue
- $452.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 12/2009
- Data as of
- 06/2024
- EIN
- 26-2896424
Organization Overview
Lifepath Foundation is located in Bethlehem, PA. The organization was established in 2009. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifepath Foundation 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 06/2024, Lifepath Foundation generated $452.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $273.4k during the year ending 06/2024. While expenses have increased by 5.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LIFEPATH FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501 (C) (3)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITATION OF GIFTS: SOLICITED AND RECEIVED GIFTS, CONTRIBUTIONS & BEQUESTS TO DISTRIBUTE TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER 501 (C)(3).
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 |
|---|---|---|---|
John Ehresman Board Presid | OfficerTrustee | 1 | $0 |
Emilio Jack Morrone Board Vice P | OfficerTrustee | 1 | $0 |
Chris Persichetti Board Treasu | OfficerTrustee | 1 | $0 |
Judy Iasiello Board Secret | OfficerTrustee | 1 | $0 |
Robert Campbell Board Member | Trustee | 1 | $0 |
Terry Iasiello Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $203,973 |
| Related organizations | $0 |
| Government grants | $131,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,885 |
| Noncash contributions included in lines 1a–1f | $25,738 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,058 |
| Total Program Service Revenue | $0 |
| Investment income | $54,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,481 |
| Net Income from Fundraising Events | -$143,654 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,712 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,620 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,098 |
| All other expenses | $4,541 |
| Total functional expenses | $273,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,770 |
| 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 | $28,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,237,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,503,352 |
| Accounts payable and accrued expenses | $129,710 |
| 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 | $108,672 |
| Total liabilities | $238,382 |
| Net assets without donor restrictions | $2,130,947 |
| Net assets with donor restrictions | $134,023 |
| 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 | $2,503,352 |