Lift Foundation
- Assets
- $9.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 38-1845192
Organization Overview
Lift Foundation, operating under the name New Horizon Village, is located in Kalamazoo, MI. The organization was established in 1967. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizon Village 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, New Horizon Village generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $762.4k during the year ending 12/2022. While expenses have increased by 4.6% 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 HOUSING FOR LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING TO PERSONS OF A LOW OR MODERATE INCOME. PROVIDING A NEIGHBORHOOD NETWORK CENTER TO AID IN SELF SUFFICIENCY.
HOUSING DEVELOPMENT AND SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Mcnees President | OfficerTrustee | 0.1 | $0 |
David Anderson Vice Preside | OfficerTrustee | 0.04 | $0 |
Dee Velkoff Treasurer | OfficerTrustee | 0.06 | $0 |
Daniel Mcglinn Secretary | OfficerTrustee | 0.04 | $0 |
Artrella Cohn Director | Trustee | 0.06 | $0 |
Stacey Randolph-Ledbetter Director | Trustee | 0.06 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,723,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,138,899 |
| Total Program Service Revenue | $395,012 |
| Investment income | $21,462 |
| 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 | $2,555,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,756 |
| 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 | $37,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,640 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,199 |
| Advertising and promotion | $6,923 |
| Office expenses | $47,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,410 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,707 |
| Insurance | $39,435 |
| All other expenses | $0 |
| Total functional expenses | $762,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,095,330 |
| Savings and temporary cash investments | $127,445 |
| Pledges and grants receivable | $1,000,000 |
| Accounts receivable, net | $19,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $700,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,411 |
| Net Land, buildings, and equipment | $6,906,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,000 |
| Total assets | $9,883,091 |
| Accounts payable and accrued expenses | $81,364 |
| Grants payable | $0 |
| Deferred revenue | $26,720 |
| 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 | $4,043,525 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,000 |
| Total liabilities | $4,181,609 |
| Net assets without donor restrictions | $5,701,482 |
| 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 | $9,883,091 |
Grants Awarded
Over the last fiscal year, Lift Foundation has awarded $69,954 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KALAMAZOO PUSH FOR LEARNING PURPOSE: FULL YEAR OF CAPS PROGRAMMING | $15,000 |
INTERFAITH HOMES OF KALAMAZOO PURPOSE: GRANT FOR UPGRADING AND PAYMENT OF INTERNET SYSTEM | $54,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Single Momm Traverse City, MI | $960,067 | $1,130,079 |
Lift Foundation Kalamazoo, MI | $9,883,091 | $2,555,373 |
Marys Mantle Southfield, MI | $987,500 | $562,945 |
Mommies Matter Galena, OH | $369,729 | $379,016 |
Pregnancy Life Center Van Wert, OH | $773,027 | $365,385 |
Mothers In Arms Columbus, OH | $16,208 | $0 |
Refuge Host Homes Cuyahoga Falls, OH | $39,905 | $0 |
Destiny Point Inc Milladore, WI | $106,507 | $0 |
Hope For Single Moms Grand Rapids, MI | $57,224 | $0 |
Single Parents Rock Englewood, OH | $35,927 | $0 |
Single Mothers Rock Inc Indianapolis, IN | $193,436 | $0 |
Hope For Single Mothers Inc Jeffersonville, IN | $450 | $0 |
Rick Starbuck Foundation Wickliffe, OH | $0 | $0 |
I Am My Sisters Keeper Milwaukee, WI | $0 | $0 |