Life Enrichment Trust Inc
- Assets
- $94.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 30-0223116
Organization Overview
Life Enrichment Trust Inc is located in Pittsburgh, PA. The organization was established in 2006. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Enrichment Trust 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 06/2023, Life Enrichment Trust Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $675.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.IT IS THE MISSION OF LIFE ENRICHMENT TRUST TO SERVE AS A COURT-APPROVED CORPORATE FIDUCIARY FOR INDIVIDUALS WITH DISABILITIES BY PROTECTING THE ASSETS OF BENEFICIARIES, PRESERVING THEIR ELIGIBILITY FOR SERVICES, AND ENRICHING THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE ENRICHMENT TRUST ENABLES INDIVIDUALS WITH DISABILITIES RECEIVING SOCIAL SECURITY, SUPPLEMENTAL SECURITY INCOME, AND/OR MEDICAL ASSISTANCE TO SECURE THEIR FINANCIAL FUTURES WITHOUT ENDANGERING THEIR SOURCE OF MONTHLY INCOME, MEDICAL INSURANCE, OR OTHER GOVERNMENTAL BENEFITS. LIFE ENRICHMENT TRUST'S PRIMARY FOCUS AS A COURT-APPROVED CORPORATE FIDUCIARY IS TO MAINTAIN THE BENEFICIARIES' ELIGIBILITY AND FULLY COMPLY WITH ALL SOCIAL SECURITY AND MEDICAID REGULATIONS AND GUIDELINES. TYPES OF TRUSTS WITH LIFE ENRICHMENT TRUST INCLUDE POOLED SPECIAL NEEDS TRUSTS, SELF-SETTLED "PAYBACK" SPECIAL NEEDS TRUSTS, THIRD-PARTY SPECIAL NEEDS TRUSTS, MINORS TRUSTS, AND EDUCATIONAL TRUSTS. FOR MORE INFORMATION, PLEASE VISIT WWW.LIFEENRICHMENTTRUST.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John O'keefe Board Chair | OfficerTrustee | 1 | $0 |
Deborah Vogel Board Vice Chair | OfficerTrustee | 1 | $0 |
Denise Cavenaugh Board Member | Trustee | 1 | $0 |
Margaret Harris Board Member | Trustee | 1 | $0 |
Kimberly Mamaux Board Member | Trustee | 1 | $0 |
William Miller Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,398,701 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,399,507 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,094 |
| Payroll taxes | $33,007 |
| Fees for services: Management | $204,966 |
| Fees for services: Legal | $5,947 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13 |
| Fees for services: Other | $27,165 |
| Advertising and promotion | $3,919 |
| Office expenses | $1,550 |
| 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 | $15,304 |
| All other expenses | $30,340 |
| Total functional expenses | $675,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,419,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,310 |
| 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 | $17,671 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,344,494 |
| Total assets | $94,919,897 |
| Accounts payable and accrued expenses | $126,042 |
| 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 | $91,344,496 |
| Total liabilities | $91,470,538 |
| Net assets without donor restrictions | $3,449,359 |
| 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 | $94,919,897 |