Precious Life Center
- Assets
- $249.7k
- Revenue
- $892.3k
- Investments
- $0.0
- Employees
- 24
- Location
- Cincinnati, OH
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 27-0701184
Organization Overview
Precious Life Center is located in Cincinnati, OH. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Precious Life Center employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Precious Life Center 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 12/2022, Precious Life Center generated $892.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $829.8k during the year ending 12/2022. While expenses have increased by 32.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CLOTHING, EDUCATION, TRANSPORTATION AND MEDICAL ASSISTANCE TO LOCAL INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akosua Yeboah Founder | OfficerTrustee | 40 | $0 |
John Taylor Director Of Operations | OfficerTrustee | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $857,998 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,750 |
| Net Gain/Loss on Asset Sales | $5,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,000 |
| 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. | $13,980 |
| Compensation of current officers, directors, key employees. | $13,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,600 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,676 |
| Advertising and promotion | $13,501 |
| Office expenses | $26,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,880 |
| 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 | $42,598 |
| Insurance | $27,194 |
| All other expenses | $166,446 |
| Total functional expenses | $829,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,091 |
| 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 | $195,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,393 |
| Total assets | $249,672 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $249,672 |
| Total liabilities and net assets/fund balances | $249,672 |
Grants Awarded
Over the last fiscal year, Precious Life Center has awarded $9,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATTHEW 25 MINISTRIES PURPOSE: CHARITABLE | $8,133 |
ASANTEFUO KROYE KUO PURPOSE: CHARITABLE | $1,200 |