Lifenets International Inc
- Assets
- $480.8k
- Revenue
- $718.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Whitestown, IN
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 35-2083120
Organization Overview
Lifenets International Inc is located in Whitestown, IN. The organization was established in 1999. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifenets International 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 12/2022, Lifenets International Inc generated $718.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $613.5k during the year ending 12/2022. While expenses have increased by 5.4% 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
MEETING HUMANITARIAN NEED AND DEVELOPING SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MALAWI, LIFENETS HAS PROVIDED FUNDING FOR 13 SCHOLARSHIPS AND A LIVELIHOOD DEVELOPMENT PROGRAM. LIFENETS ALSO PROVIDES OTHER DEVELOPMENTAL PROGRAMS IN ZAMBIA AND MALAWI AS DISCUSSED FURTHER IN OUR THIRD PROGRAM STATEMENT.
WE PROVIDE SCHOLARSHIPS AND PROGRAMS FOR INDIVIDUALS IN NEED IN OTHER PARTS OF THE WORLD ANNUALLY BASED ON IDENTIFIED PROJECTS AND OTHER NEEDS.
USA PROJECTS - LIFENETS PROVIDES SEVERAL PROJECTS IN THE US INCLUDING THE WHEELCHAIR PROJECT, A UNIQUE MATCHING SERVICE FOR PEOPLE WITH UNNEEDED WHEELCHAIRS WITH THOSE WHO CANNOT NORMALLY AFFORD THEM. WE PROVIDE AN ONLINE DATABASE SERVICE WHERE DONATIONS AND REQUESTS ARE MADE. WEB SITE HTTP://WWW.LIFENETSWHEELCHAIRPROJECT.ORG. IN ADDITION, LIFENETS PROVIDES VARIOUS OTHER SUPPORT SERVICES IN THE UNITED STATES.
IN THE COUNTRY OF BRAZIL WE HAVE MAINTAINED CATTLE DEVELOPMENT PROGRAMS. IN MALAWI THE BLANTYRE HOSTELS ARE COMPLETED. STUDENTS FROM THE COMMUNITY ARE RENTING ROOMS PROVIDING INCOME FOR THE BLANTYRE CHURCH AREA. SCHOLARSHIPS HAVE BEEN PROVIDED FOR MORE THAN 100 STUDENTS IN THE ABOVE COUNTRIES PLUS SOUTH AFRICA, ZIMBABWE, UKRAINE, PHILIPPINES AND SEVERAL LATIN AMERICAN COUNTRIES. THIS PROGRAM IS OUR MOST EFFECTIVE AS IT PROVIDES LIFE-LONG RETURNS IN GIVING BENEFICIARIES OPPORTUNITIES FOR INCOME PRODUCING CAREERS.
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 |
|---|---|---|---|
Don Turgeon Board Member | Trustee | 1 | $0 |
Sue Peine Board Member | Trustee | 0.5 | $0 |
Michael Snyder Board Member | Trustee | 1 | $0 |
Beverly Kubik Chairman | OfficerTrustee | 15 | $8,500 |
Victor Kubik President/vice Chairman | OfficerTrustee | 15 | $0 |
Cathy Mcclure Treasurer | OfficerTrustee | 5 | $9,000 |
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 | $715,931 |
| Noncash contributions included in lines 1a–1f | $35,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,931 |
| Total Program Service Revenue | $0 |
| Investment income | $2,506 |
| 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 | $718,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,361 |
| Grants and other assistance to domestic individuals. | $56,833 |
| Grants and other assistance to Foreign Orgs/Individuals | $464,958 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation of current officers, directors, key employees. | $9,000 |
| 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 | $2,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $523 |
| Total functional expenses | $613,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,741 |
| Savings and temporary cash investments | $237,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,035 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $480,848 |
| 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 | $480,848 |
| Total liabilities and net assets/fund balances | $480,848 |
Grants Awarded
Over the last fiscal year, Lifenets International Inc has awarded $19,703 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARAQUAD INC PURPOSE: GRANTING NEEDED WHEELCHAIRS | $7,900 |
MY CHOICE WISCONSIN PURPOSE: GRANTING NEEDED WHEELCHAIRS | $6,203 |
HEARTS FOR HOSPICE PURPOSE: GRANTING NEEDED WHEELCHAIRS AND WALKERS | $5,600 |