Lasting Change Inc
- Assets
- $19.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Fort Wayne, IN
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 35-1167389
Organization Overview
Lasting Change Inc is located in Fort Wayne, IN. The organization was established in 1968. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Lasting Change Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasting Change 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, Lasting Change Inc generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 36.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LASTING CHANGE PROVIDES ADMINISTRATIVE SUPPORT TO RELATED NON-PROFIT ORGANIZATIONS. CURRENTLY SUPPORT IS PROVIDED TO LIFELINE YOUTH AND FAMILY SERVICES AND CROSSWINDS, INC.
Describe the Organization's Program Activity:
LASTING CHANGE PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACCOUNTING, HUMAN RESOURCES, PAYROLL, MARKETING, AND EXECUTIVE OVERSIGHT, AND ALSO LEASES A BUILDING TO LIFELINE YOUTH AND FAMILY SERVICES AND CROSSWINDS, INC.
RESIDENTIAL SERVICES - AN AVERAGE OF 44 BOYS WERE HOUSED AND SERVED AT OUR 24 HOUR RESIDENTIAL FACILITIES IN PIERCETON, INDIANA AND FORT WAYNE, INDIANA. THE RESIDENTS PARTICIPATE IN A SEXUAL OFFENDER RELAPSE PREVENTION AND/OR INDEPENDENT LIVING PROGRAM. THE FACILITY OFFERS HOUSING, A SCHOOL, GYMNASIUM, AND A WOOD WORKSHOP. WE HELP OUR RESIDENTIAL STUDENTS FOCUS ON OVERCOMING THE PAST AND SEEKING HOPE FOR THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Terrell Chief Executive Officer | OfficerTrustee | 40 | $416,157 |
Kevin Hedrick Executive VP Of Crosswinds | 5 | $173,531 | |
Timothy O Smith Chief Operating Officer | 5 | $147,734 | |
Curtis Smith Chief Marketing Officer | 5 | $133,348 | |
Gordon Haines VP Of Cluture And Faith | 5 | $132,601 | |
Todd Jacobs Left 521 Chief Financial Officer | Officer | 40 | $73,831 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,479 |
| Total Program Service Revenue | $9,437,223 |
| Investment income | $1,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,971 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,509,443 |
| 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. | $532,354 |
| Compensation of current officers, directors, key employees. | $79,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,285,940 |
| Pension plan accruals and contributions | $92,031 |
| Other employee benefits | $690,044 |
| Payroll taxes | $339,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,448 |
| Fees for services: Accounting | $37,726 |
| Fees for services: Lobbying | $62,397 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,533 |
| Advertising and promotion | $59,609 |
| Office expenses | $71,219 |
| Information technology | $311,488 |
| Royalties | $0 |
| Occupancy | $791,262 |
| Travel | $108,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,327 |
| Insurance | $458,958 |
| All other expenses | $0 |
| Total functional expenses | $9,199,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,564,505 |
| Savings and temporary cash investments | $319,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,054,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $417,543 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $372,861 |
| Net Land, buildings, and equipment | $9,336,198 |
| Investments—publicly traded securities | $1,098 |
| Investments—other securities | $0 |
| Investments—program-related | $3,263,195 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,329,135 |
| Accounts payable and accrued expenses | $3,369,718 |
| Grants payable | $0 |
| Deferred revenue | $130,520 |
| 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 | $3,967,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,854 |
| Total liabilities | $7,592,449 |
| Net assets without donor restrictions | $11,736,686 |
| 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 | $19,329,135 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lasting Change Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: FAMILY SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Opportunity Center Inc Muncie, IN | $25,866,683 | $17,956,717 |
Rawhide Inc New London, WI | $27,078,508 | $16,505,416 |
Attic Correctional Services Inc Madison, WI | $6,523,785 | $13,063,830 |
Lasting Change Inc Fort Wayne, IN | $19,329,135 | $9,509,443 |
Briarpatch Youth Services Inc Madison, WI | $4,700,459 | $2,974,452 |
Missouri Girls Town Foundation Inc Kingdom City, MO | $14,171,604 | $2,181,963 |
Gateway Juvenile Diversion Project Inc Mt Sterling, KY | $3,652,872 | $1,818,721 |
John P Craine House Inc Indianapolis, IN | $1,861,307 | $1,309,600 |
Reality House Inc Columbia, MO | $570,136 | $1,093,112 |
Ryan Community Inc Appleton, WI | $385,428 | $836,820 |
Community Alternative Service Program Inc Springfield, MO | $1,143,118 | $346,893 |
Coalition For Youth Adult Diversion Programs Inc Green Bay, WI | $67,123 | $0 |