Beauty Changes Lives
- Assets
- $765.4k
- Revenue
- $671.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Poway, CA
- Founding
- 07/2012
- Data as of
- 03/2022
- EIN
- 27-2513071
Organization Overview
Beauty Changes Lives is located in Poway, CA. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2022, Beauty Changes Lives employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beauty Changes Lives 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 03/2022, Beauty Changes Lives generated $671.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $748.8k during the year ending 03/2022. 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
TO PROVIDE SCHOLARSHIP ASSISTANCE FOR THOSE SEEKING CAREER TRAINING IN THE BEAUTY AND WELLNESS INDUSTRY AND TO SUPPORT RELATED CHARITABLE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE THE WEBSITE WWW.BEAUTYCHANGESLIVES.ORG WHICH ALLOW STUDENTS AND PROSPECTIVE STUDENTS TO APPLY FOR VARIOUS BEAUTY AND WELLNESS SCHOLARSHIP PROGRAMS. BCL AIMS TO TRANSFORM PERCEPTION ABOUT CAREERS IN BEAUTY AND RAISE AWARENESS OF THE CAREER OPPORTUNITIES, POSSIBILITIES, AND POTENTIAL AVAILABLE TO LICENSED BEAUTY PROFESSIONALS.
WE ALSO HOST THE "BEAUTY CHANGES LIVES EXPERIENCE" WHICH IS THE BEAUTY INDUSTRY'S FIRST SOCAL CONSCIOUSNESS CAMPAIGN AND A CALL TO DISRUPT CONVENTIONAL INTERPRETATIONS OF BEAUTY. MANY INDIVIDUALS AND COMPANYS DONATE THEIR TIME AND TALENT TO THIS EVENT TO PROVIDE YOUNG POTENTIAL PROFESSIONALS THE ENCOURAGEMENT TO TAKE THE NEXT STEP INTO A PROFESSION IN THE BEAUTY AND FASHION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynelle Lynch President | Officer | 5 | $0 |
Robert Passage Vice President | Officer | 5 | $0 |
Tate Holland Treasurer | Officer | 5 | $0 |
Jan Arnold Secretary | Officer | 2 | $0 |
April Mccoy Director | Trustee | 0 | $0 |
Steve Reiss Director | Trustee | 0 | $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 | $650,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,098 |
| Total Program Service Revenue | $0 |
| Investment income | $21,457 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $287,193 |
| 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. | $98,880 |
| Compensation of current officers, directors, key employees. | $19,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $770 |
| Payroll taxes | $15,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,724 |
| Fees for services: Accounting | $42,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,051 |
| Advertising and promotion | $56,228 |
| Office expenses | $952 |
| Information technology | $19,581 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,955 |
| All other expenses | $1,174 |
| Total functional expenses | $748,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $38,694 |
| 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 | $130,175 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $300,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $765,369 |
| Accounts payable and accrued expenses | $93,922 |
| Grants payable | $0 |
| Deferred revenue | $223,973 |
| 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 | $2 |
| Total liabilities | $317,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $447,472 |
| 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 | $765,369 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Beauty Changes Lives has recieved totaling $54,326.
| Awarding Organization | Amount |
|---|---|
Horst Rechelbacher Foundation St Paul, MN PURPOSE: HORST RECHELBACHER SCHOLARSHIP PROGRAM | $50,000 |
Jerry Alexander Gorman Foundation Austin, TX PURPOSE: BEAUTY SCHOOL SCHOLARSHIPS. | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $326 |
Endowment Analysis
| Beg. Balance | $1,022,882 |
| Ending Balance | $1,022,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |